Schedule of Charges
Upfront Charges (Charges Before Disbursement)
Charge Type | Charge Description |
---|---|
Processing Charges |
2% + GST (on the sanctioned value). 1% to be collected at the time of sanction and the balance 1% to be collected/deducted at the time of disbursement |
Stamp Duty |
Tamil Nadu & Puducherry – Rs. 300/- + GST |
Valuation / Technical Report |
Rs. 1000/- + GST – 1st Disbursement |
Legal Report |
Rs. 1000/- + GST(for loan upto Rs. 10 Lakhs) |
CERSAI : At the time of Disbursement : Creation of Charge |
Rs. 250/-+GST (for loan upto Rs. 5 Lakhs) |
Customer Service Charges
Charge Type | Charge Description |
---|---|
Part payment Charges |
4% on part payment/advance payment + GST |
Pre-Closure Charges |
4% of the Principal outstanding + GST |
Cheque / ECS / ACH Bounce charges (Per Instrument / Transaction) |
Cheque/ECS/ACH return charge of INR Rs. 500/- + GST per instance |
Penal Interest Delayed EMI Payment |
3% p.m. for number of days delayed in PEMI / EMI payment |
Document Copy Charges |
Rs. 500/- + GST |
Disbursement Cancelation |
PEMI/EMI collected upto loan cancellation date will not be refunded |
Document Retrieval Charges |
Rs. 1000/- + GST |
Closure Statement / SOA / Amortization chart Charges |
Rs. 250/- + GST per request |
Field Visit Charges |
Rs. 250/- per visit + GST |
Cheque / ECS Swapping Charges (Per Instance)
Note:- *The Govt. Of India has implemented the Good & Service Tax (GST) effective from 1st July, 2017. Consequently, the Service Tax rate (including cess) 15%, as applicable to the products & services rendered by financial institutions, has been replaced by the GST rate of 18%.
Charge Type | Charge Description |
---|---|
PDC to PDC |
Rs. 1000/- + GST |
PDC to ECS |
Nil |
ECS to ECS |
Rs. 1000/- + GST |
ECS to PDC |
Rs. 1000/- + GST (on exceptional basis only) |
Document Custodian Fees |
Rs. 500/- + GST per Month (Chargeable after 30 days of closure of the Loan Account) |