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Housing Loan (Most Important Terms and Conditions)

Aptus Value Housing Finance India Limited

The housing loan finance agreed to between the customers and Aptus, inter alia, would be governed by the following Most Important Terms and conditions. The customers would be given the copy of these most important terms and conditions, both in English and Vernacular.The customers would be given the copy of these most important terms and conditions, both in English and Vernacular.These terms are also explained to the customers orally by Aptus’ employees at the time of entering the agreement.

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Schedule of Charges

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
Andhra Pradesh, Telangana & Karnataka – Rs. 600/- + GST
Valuation / Technical Report Rs. 1000/- + GST – 1st Disbursement
Rs. 500/- + GST – for each subsequent disbursement
Legal Report Rs. 1000/- + GST(for loan upto Rs. 10 Lacs)
Rs. 2000/- + GST( for loan more than Rs. 10 Lacs)
CERSAI : At the time of Disbursement : Creation of Charge Rs. 250/-+GST (for loan upto Rs. 5 Lacs)
Rs. 500/- + GST (for loan more than Rs. 5 lacs)
Part payment Charges Non Housing Loan – 4% on part payment/advance payment + GST
Pre-Closure Charges Housing Loan:
Floating Interest Rate – Nil charges
Fixed Interest Rate –
Own Source – Nil charges
Loan Transfer - 4% of Principal outstanding + GST

Non Housing Loan:
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
MODT cancellation Charges Rs. 1000/- + GST
Closure Statement / SOA / Amortization chart Charges Rs. 250/- + GST per request
Field Visit Charges Rs. 250/- per visit + GST
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)
Cash Collection Charges Rs. 5/- Per Thousand of Cash collection + GST
Document Custodian Fees Rs. 500/- + GST per Month (Chargeable after 30 days of closure of the Loan Account)

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%.

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