| FEE & CHARGES (INCLUSIVE OF APPLICABLE TAXES) | |
| Loan Foreclosure Charges | 3% on principal outstanding amount |
| Part Prepayment charges | Nil |
| Bounce Charges/ EMI default charges | In case of defult of repayment instrument Rs 450/- |
| Duplicate NOC charges | Rs 500/- |
| Penal Interest | Delay in payment of Monthly instalment shall attract penal interest at the rate of 3% per month on the Monthly Instalment outstanding, from the respective due date until the date of receipt |
| Mandate Registration charges | Rs 118/- |
| Mandate rejection Charges | Rs 450/- per month from the first month of due date for mandate rejected by customer's bank until the new mandate is registered |
| Swapping charges | Up to Rs 600/- |
| Hypothecation Charges | MC -Rs 120/-,CV- Rs -150/- |
| Loan cancellation Charges | Rs 1000/- |
| Stock yard Parking changes | TW -Rs 59/- & 3W Rs 118/ days for 60 days (max) |
| Legal, Repossession and incidental charges | Up to Rs 5000/- |
| Processing fees | 1% onwards |
| SOA Charges | NIL |
| Broken period interest / Pre EMI Interest | “Broken Period Interest/Pre EMI Interest" shall mean the amount of interest on Loan for the number of day(s) Which is Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the Loan Method of recovery of Broken Period Interest/Pre-EMI Interest: Amount to be added in first instalment amount. Scenario 2 : Less than period of 30 (thirty) days from the date of disbursement of the Loan, Interest on first instalment will be charged for actual number of days |
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