Retail Loans:
1.1 Service Charges (Below charges excluding GST wherever applicable):
Sr.No. |
Nature of Charges |
Amount Details |
1 |
SOA Charges/ Duplicate statement issuance charges |
Rs. 250 |
2 |
Pre- Closure Charges / Pre closure working (per statement) |
- No Foreclosure allowed within 6 months from the date of availing the Vehicle Loan
- 6% of Principal O/S for pre closure within 24 months from 7th EMI
- 3% of Principal O/S for pre closure post 24 months
|
3 |
Documentation charges |
As per Scheme |
4 |
Processing Fee |
As per Scheme |
5 |
Legal, Repossession & Incidental charges |
- Legal charges – Rs. 25,000 or actual whichever is higher
- Repossession charges – Rs. 10,000 or actual whichever is higher
- Notice charges – Rs. 125
|
6 |
Stamp Duty |
At actual as per applicable state law |
7 |
Roll over PDC Charges (One time charge) |
Rs. 500 |
8 |
Non PDC Charges (Cash payment mode- one time) |
Rs. 1500 |
9 |
Charges for swapping PDCs of one bank to another / Swapping charges (From ECS/PDC) |
Rs. 1000 |
10 |
Payment Collection Charges (FVC) |
Rs. 200 Per Transaction |
11 |
Commercial/Personal Use NOC (Conversion subject to Credit Approval) |
2% of POS |
12 |
Specific statement for principal & interest breakup in addition to repayment schedule |
Rs. 100/- per statement |
13 |
Issue of duplicate security deposit receipt |
Rs. 250/- per receipt |
1.2 Penalty Charges:
Sr.No. |
Nature of Charges |
Amount Detail |
1 |
Cheque ECS Bounce charges |
Rs. 500 per returned ECS/Cheque per instance |
2 |
Duplicate NOC Charges |
Rs. 500 per instance |
3 |
LPG/CNG NOC, Any other Special NOC |
Rs. 500 per instance |
4 |
Penal Interest (Late payment penalty) |
3% per month on the amount overdue |
5 |
Assignment charges (from Both the parties) |
2% on an outstanding loan |