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Affordable Housing Finance

Fee & Charges

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 fixed

A.   For Home Loans

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; 4% 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; 3% of the principal outstanding on the date of prepayment.

B. For Non Home Loans

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; 4% of the principal outstanding on the date of prepayment

 

Prepayment Charges- For Loan where one or more applicants are Business Entity

A. For Home Loans

 

i. If prepayment made within 12 months from the date of disbursal either through own sources or through Balance transfer from other Bank/HFC; 4% 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

B. For Non Home Loans

 

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; 4% of the principal outstanding on the date of prepayment

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)
  • Rs.250/- + Applicable Taxes for any satisfaction of charges