Schedule of Charges

Upfront Charges (Charges Before Disbursement)

Charge Type Charge Description

Login fee

Rs.3,500/- +GST (Non Refundable)

Processing Fee

Up to 2%+ GST (on the sanctioned amount), will be collected /deducted prior
to the disbursement as per customer’s discretion, which is non-refundable.

Stamp Duty Charges

Tamil Nadu and Puducherry : Rs. 400/- + GST
Andhra Pradesh, Telangana, Karnataka, Odisha and Maharashtra:
Rs. 775/- + GST

Valuation / Technical Fee

Rs. 1000/- + GST on 1st technical visit (for loan upto Rs. 10 Lacs) Rs.
2000/- + GST on 1st technical visit ( for loan more than Rs. 10 Lacs)
Rs. 500/- + GST – for each subsequent technical visit

Legal Verification charges

Rs. 1000/- + GST(for loan upto Rs. 10 Lakhs)
Rs. 2000/- + GST( for loan more than Rs. 10 Lakhs)

CERSAI Charges:

Rs. 50/- +GST (For loan amount up to Rs 5 Lakhs)
Rs. 100/- + GST (For loan amount above Rs 5 Lakhs)

Loan Administration Charges

Rs. 200/- +GST (For loan amount up to Rs 5 Lakhs)
Rs. 400/- + GST (For loan amount above Rs 5 Lakhs)

Customer Service Charges

Charge Type Charge Description

Part payment Charges

4% on part payment/advance payment + GST

Pre-Closure Charges

Floating Interest Rate : Nil charges
Fixed Interest Rate : 4% of the Principal outstanding + GST

Cheque / ECS / ACH Bounce charges (Per Instrument / Transaction)

Rs. 500/- + GST per instance

Delayed Installment Payment

Delayed payment interest : Prevailing rate of interest on loan
Overdue charges : 12% per annum* + GST

*Calculated on Overdue Installment from the due date until payment is made to the company

Document Copy Charges

Rs. 500/- + 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Service Tax rate (including cess) 15%, as applicable to the products & services rendered by financial institutions, has been replaced by the GST rate of 18%.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 loan tenure completion and if documents remain un-collected by the customer)

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