FEE & CHARGES (INCLUSIVE OF APPLICABLE TAXES) |
|
Loan Foreclosure Charges |
3% on principal outstanding amount |
Bounce Charges/ EMI default charges |
In case of defult of repayment instrument Rs 450/- |
Duplicate NOC charges |
Rs 500/- |
Penal Charge |
Delay in payment of Monthly instalment shall attract penal Charge 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 590/- |
Documentation and Hypothecation Charges | Up to maximum of 9350/- (inclusive of All Applicable taxes) for two-wheeler Upto maximum of Rs 10,200 (inclusive of all taxes) for three-wheeler and Qute |
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 |
Rs 5000/- |
Processing fees |
For Two-wheeler: - Up to 7.00% of Loan Amount as a standard percentage. - Up to 16% of Loan amount for Low ROI (Up to 7% ROI) Scheme. For Three-wheeler & Qute : For new Vehicles: -Up to 6% (inclusive of applicable taxes) of Loan Amount as standard percentage. - Up to 30% of Loan Amount for Zero and Low ROI (Up to 15%) schemes. For Refinance and Used Finance upto 25% of Loan Amount. |
Stamp Duty (As Per Respective State) |
As Applicable |
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 OR Principal loan amount (As per customer’s choice). 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" |
Valuation charge (TW) | For Re-finance - Rs.500 (Inclusive of applicable taxes) |
Valuation charge (3W) | For Used Vehicle Finance – Up to Rs.2000/- (Inclusive of applicable taxes) |