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 |
|
Valuation / Technical Report |
Rs. 1000/- + GST(for loan upto Rs. 10 Lakhs) |
|
Legal Report |
Rs. 1000/- + GST(for loan upto Rs. 10 Lakhs) |
|
CERSAI : At the time of Disbursement : Creation of Charge |
Rs. 50/- +GST (For loan amount up to Rs 5 Lakhs) |
|
Administrative Charges |
Rs. 200/- +GST (For loan amount up to 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: Non Housing Loan: |
|
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Service Tax rate (including cess) 15%, as applicable to the products & services rendered by financial institutions, has been replaced by the GST rate of 18%.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) |
