|
FEE & CHARGES (INCLUSIVE OF APPLICABLE TAXES) |
|
|
Loan Foreclosure Charges |
3% of Principal Amount being paid towards Part/Full Prepayment. |
|
Bounce Charges/ EMI default charges |
In case of defult of repayment Rs 450/- |
|
Duplicate (Physical) NOC Charges |
Rs 500/- |
|
Penal Charges |
Delay in payment of instalment(s) shall attract penal charges of Rs. 6 per day for TW and Rs 10 per day for 3W per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
|
Mandate Registration charges (Physical Mandate) |
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 |
|
Repayment mode Change Charges |
Up to Rs 590/- |
| Hypothecation Charges | Up to Rs.200 (Inclusive of applicable taxes) (Towards Vahan search) |
|
Loan cancellation Charges |
Rs 1000/- |
|
Stock yard Parking changes |
TW -Rs 59/- & 3W Rs 118/ days for 60 days (max) |
|
Repossession Charges |
Rs 5000/- |
| Legal Charges | At Actual |
|
Upfront Charges/Processing Fees/Charges |
For Two-wheeler: Max up to 21% of Loan amount as a standard Percentage For Three-wheeler & Qute : Max up to 30% of Loan amount as a standard Percentage |
|
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 collected upfront OR added in first instalment 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 and excess interest will be adjusted in the first instalment OR Principal loan amount (as per customer's choice) |
| 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) |
