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
Andhra Pradesh – Rs. 700 /- + GST
Telangana – Rs. 725 + GST & Karnataka – Rs. 625/- + GST

Valuation / Technical Report

Rs. 1000/- + GST(for loan upto Rs. 10 Lakhs)
Rs. 2000/- + GST( for loan more than Rs. 10 Lakhs)
Rs. 500/- + GST – for each subsequent disbursement

Legal Report

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

CERSAI : At the time of Disbursement : Creation of Charge

Rs. 250/-+GST (for loan upto Rs. 5 Lakhs)
Rs. 500/- + GST (for loan more than Rs. 5 Lakhs)

Customer Service Charges

Charge Type Charge Description

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

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Service Tax rate (including cess) 15%, as applicable to the products & services rendered by financial institutions, has been replaced by the GST rate of 18%.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)