| Processing Fee* |
Processing fee is applicable as per Company policy |
| Prepayment charges |
- Prepayment Charges - For Loan where all the applicants are Individuals and type of interest rate is Floating - NIL
- Prepayment Charges - For Loan where all the applicants are Individuals and type of interest rate is fixed
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A. For Home Loans
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i. If prepayment made form own sources; NIL
ii. If prepayment made within 12 months from the date of disbursal through Balance transfer from other Bank/HFC; 3% of the principal outstanding on the date of prepayment.
iii. If prepayment made after 12 months from the date of disbursal through Balance transfer from other Bank/HFC; 2% of the principal outstanding on the date of prepayment.
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B. For Non Home Loans
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i. If prepayment made within 12 months from the date of disbursal either through own sources or through Balance transfer from other Bank/HFC; 5% of the principal outstanding on the date of prepayment.
ii. If prepayment made after 12 months from the date of disbursal either through own sources or through Balance transfer from other Bank/HFC; 3% of the principal outstanding on the date of prepayment
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Prepayment Charges- For Loan where one or more applicants are Business Entity
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A. For Home Loans
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i. If prepayment made within 12 months from the date of disbursal either through own sources or through Balance transfer from other Bank/HFC; 3% of the principal outstanding on the date of prepayment.
ii.If prepayment made after 12 months from the date of disbursal either through own sources or through Balance transfer from other Bank/HFC; 2% of the principal outstanding on the date of prepayment
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B.For-non Home loans
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i. If prepayment made within 12 months from the date of disbursal either through own sources or through Balance transfer from other Bank/HFC; 5% of the principal outstanding on the date of prepayment
ii. If prepayment made after 12 months from the date of disbursal either through own sources or through Balance transfer from other Bank/HFC; 3% of the principal outstanding on the date of prepayment
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| Legal Charges |
- Legal search charges of Rs. 2500 + Applicable Taxes are payable before disbursement. Not applicable on Approved Projects and Top-Up Cases.
- Charges for Notice of Intimation of Mortgage, for Maharashtra, of Rs. 2500 + Applicable taxes to be collected before disbursement
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| Property Valuation Charges |
- Subsequent Property valuation, if required, charges of Rs. 1000 + Applicable Taxes are payable before disbursement in case of property being within geographical limits defined by lender.
- Property valuation charges of Rs. 1000 + Applicable Taxes are payable before disbursement in case of property being outside geographical limits as defined by the Lender.
- Subsequent Property valuation, if required, charges of Rs. 1500 + Applicable Taxes are payable before disbursement in case of property being outside geographical limits as defined by the Lender.
- Note : Not applicable on Approved Housing Project Properties and Top-Up cases
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| Overdue charges/ Penal Interest on delayed payments |
2% per month on the outstanding dues |
| Cheque Bouncing charges |
Rs.500/- + Applicable Taxes |
| Cheque Replacement/ Swap charges |
Rs.250/- + Applicable Taxes |
| Demand Draft/ Pay Order charges |
Rs.150 per lakh or actual bank charges, whichever is higher |
| Conversion charges |
As applicable, please contact local office |
| Recovery charges (Legal/ Repossession & Incidental) |
As per actual |
| Non-encumbrance certificate |
As per actual expense |
| Document Retrieval charges |
Rs.500/- + Applicable Taxes |
| Foreclosure statement charges |
Rs.500/- + Applicable Taxes |
| Duplicate Statement/ Certificate |
Rs.250/- + Applicable Taxes |
| Duplicate No Dues certificate |
Rs.250/- + Applicable Taxes |
| Custodian Fee for keeping property documents in closed loans beyond 1 month of closure |
Rs.500/- per month + Applicable Taxes |
| Visit Charges for dues collection |
Rs.500/- + Applicable Taxes |
| CERSAI filling charges |
- Rs.50/- + Applicable Taxes for Loans Up to Rs. 5 Lakhs (for original filling and modification)
- Rs.100/- + Applicable Taxes for Loans above Rs.5 Lakhs (for original filling and modification)
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