| Nature of Charges |
HL/LAP/MSE LAP |
| Processing fees details |
Min: 0.25% of the loan amount or Rs. 5,000/- whichever is higher plus applicable taxes.
Max: 2.5% of the loan amount plus applicable taxes.
|
| Prepayment Charges (Floating rate loans to individuals for other than business use) |
NIL
|
| Full Prepayment Charges (For fixed rate loans, floating rate loan to non-Individual Borrowers and individual borrowers for business purpose) |
upto 6% of loan outstanding (loan outstanding as on date of closure + prepayments made in last 12 months from the date of closure) plus applicable taxes |
| Part Prepayment Charges (for fixed rate loans and floating rate loans to nonindividual borrowers and Individual Borrowers) |
upto 6% of the amount prepaid plus applicable taxes |
| Cheque Bounces Charges / EMI return charges |
Rs. 750Â |
| Penal Charges /Late Payment Charges |
upto 3% per month |
| Repayment Instrument /Cheque Swap Charges |
Rs. 500 plus applicable taxes |
| Loan Statement Charges |
Nil for 1 statement every half year. Upto Rs. 500 plus applicable taxes thereafter |
| NOC Issuance Charges |
Nil for first NOC, Rs. 500 plus applicable taxes thereafter |
| Document retrieval charges (per advice) |
Rs. 500 plus applicable taxes |
| Loan cancellation charges |
upto Rs. 2000 plus applicable taxes plus interest to be serviced from the date of disbursement to the date of cancellation |
| Switch charges (for change in the ROI / Rate Type / Margin) |
1% of the outstanding loan amount plus taxes |
| CERSAI Registration Charges |
Rs.100 for a loan above Rs.5 lakh and Rs.50 for loan upto Rs.5 lakh plus applicable taxes |
| Loan Reschedulement charges |
upto 0.50% of the loan outstanding plus applicable taxes |
| Any other charges |
As per actuals or as decided by the management from time to time |
Note:Â
Above charges shall apply, unless specifically communicated by the Company otherwise at the time of sanction. Charges are subject to change and shall be updated on Company's website |
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