| Scheme |
Asset Power (Reverse Mortgage Loan) |
| Loan Processing Charges |
1% or Rs 10,000 (whichever is higher)
Upfront processing fee of Rs 5000 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. |
| Pre- Prepayment/Foreclosure Charges |
No prepayment penalty/charge |
| No Due Certificate |
NA |
| Duplicate No Dues Certificate/NOC |
Rs. 500/- per instance |
| Solvency Certificate |
NA |
| Stamp Duty & other statutory charges |
As per applicable laws of the state |
| Cheque Bounce Charges |
Rs. 500 per instance |
| Cheque swapping charges |
Rs. 500 per instance |
| Duplicate statement issuance charges |
Rs. 250 per instance |
| Issuance Charges for Photocopy of Title Deeds |
Rs. 250 per document set |
| Credit Report Issuance Charges |
Rs. 50 |
| 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 |
