Vehicle Loan Fees and Charges

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

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