EMI (Fees & Charges)

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General Schedule of Features and Charges for Loans

Loan Personal Loan, SME Loan, Two-Wheeler Loan and Loan Against Property.
Rate of Interest 14% to 24%
Loan Processing Charges Upto 3% of Loan amount
Documentation charges Upto Rs. 5000
Stamping Charges Applicable as per the respective State’s Stamp Act
Credit Administration Charges Upto 5% of the Loan amount,not exceeding Rs. 7500
Commitment Charges
Overdue Interest 3% of Overdue Amount, compounded monthly
Collection charges 30% of penal and cheque bouncing charges
Dishonour charges per Instance Rs. 500.00
Swap Charges( Replacement of PDCs) Upto Rs. 500 per Swap per Instance
Prepayment Interest / Forclosure charges 6%,if within 6 months of the date of Agreement, 5% after 6 months
Duplicate Issue of NOC Rs. 500/-
Solvency Certificate Rs. 1000/-
No Due Certificate NIL
Charges for changing from Fixed to floating rates of Interest and Vice versa NA
Charges for furnishing a copy of the credit information report (CIBIL) to the applicant. Rs. 50/-
Charges applicable in case customer requests for copies of records pertaining to his transactions ( SOA / Amortization Schedule) Once yearly without any charge. Post that Rs. 250 per request.