| Description of charges |
Amount (Rs.) |
| Processing Fee Charges |
Up to 1% of the Loan amount subject to minimum of Rs. 10,000 Upfront processing fee of Rs 2500 plus GST shall be collected at the time of application login. This fee will not be refunded under any circumstances such as loan rejection/withdrwal of the loan application etc., non disbursement of loan for the reasons solely attributable to the customer. Balance processing fee as applicable shall be collected at the time of loan disbursement. |
| Penal Interest Rate |
@24 % per annum, 2% per month |
| Switching Fees (Base Rate/BPLR to MCLR)# |
- When effective rate is to be kept the same - No fees
- When effective rate is to be revised - 0.5% on outstanding principal with minimum of Rs. 10,000
|
| Switching Fees (Floating Rate to Fixed Rate) |
1% on the outstanding principal with a minimum of 10,000/- |
| Switching Fees (Fixed Rate to Floating Rate) |
2% on the outstanding principal amount |
| Switching Fees (Higher Floating Rate to Lower Floating Rate) |
Switching Fees (Higher Floating Rate to Lower Floating Rate )# |
| Switching Fees (Higher Floating Rate to Lower Floating Rate) |
0.5% on outstanding principal with minimum of Rs. 10,000. The lower rate will be equal to the applicable carded interest rate only |
| Repayment Instruction/Cheque Return Charges |
Rs. 500 per instance |
| Cheque/Instrument Swap Charges |
Rs. 500 per instance |
| Duplicate Statement Issuance Charges |
Rs. 250 per instance |
| Duplicate Amortization Schedule Issuance Charges |
Rs. 250 per instance |
| Duplicate Interest Certificate (Provisional/Actual) Issuance Charges |
Rs. 250 per instance |
| Issuance Charges of Credit Report |
Rs. 50 per instance |
| Issuance Charges for Photocopy of title documents |
Rs. 250 per document set |
| Charges on customer initiated requests for copies of documents |
Rs. 250 per document set |
| Prepayment Charges including part prepayment for floating rate loan |
NIL |
| Prepayment Charges for fixed rate loan |
2% of the principal outstanding |
| Equitable Mortgage Creation Charges |
As applicable in the state |
| CERSAI charges |
Rs. 50/- For Loans up to 5 Lakhs
Rs. 100/- For Loans above 5 Lakhs |
| Duplicate NOC Issuance Charges |
Rs 500 per instance + GST as applicable |
| Loan Cover/ Insurance |
Property Insurance is a mandatory requirement to safeguard your home in case of damage caused by unforeseen circumstances, such as fire or other natural disasters.
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