Car Loan Processing Fees & Charges

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Description of Charges*	Charges Amount
Non Refundable Loan Processing Fees	Asset Segment/ Price Band	Processing Fee Amt	Processing Fee Amt
Select models /C	₹ 8,500	2% of loan amount or ₹ 15,000 whichever is lower
Entry & Compact / B	₹ 5,500
Mid Upper / B+	₹ 7,000
Premium /A	₹ 7,500
Luxury / A+	₹ 8,500
Loan Documentation Charges	₹ 800 + GST
Registration Certificate (RC) Collection Charges	₹ 700 + GST
Stamp Duty	Actuals
Prepayment Charges	5% on principal outstanding
Charges for late payment of loans	2% per month on the outstanding installment
Swap Charges	₹ 500 per transaction
Bounce Charges	₹ 500 per transaction
Duplicate Repayment/Amortization schedule charges	₹ 500 per schedule
Statement of Account Charges	₹ 200 per statement
Prepayment Statement Charges	₹ 200 per statement
Duplicate No Objection Certificate (NOC)/No Due Certificate (NDC) Charges	₹ 500 per NOC/NDC
NOC for conversion from Petrol to LPG/CNG	₹ 500 per NOC
Revalidation of NOC Charges	₹ 500 per NOC
NOC to convert from Private to Commercial & Commercial to Private Registration	₹ 2,000 per NOC
Valuation charges for Used Car	₹ 1000 + GST
Loan Cancellation Charges	₹ 3,000 per loan
Miscellaneous charges viz. charges incurred in filing legal suit, repossession charges, Non Maintenance of Mode of Payment (NMMP) charge, pick-up charges) wherein customer requests for a pickup of the payment, professional charges for availing services of professionals i.e. title search, valuation, etc., charges incurred in SARFAESI proceedings, paper advertisement charges, auction charges for repossessed asset, security guard charges for protection of repossessed assets, yard charges for parking the repossessed asset in authorised yard, enforcement charges for availing logistical support during repossession, charges incurred in sending different notices, charges levied for deposition of cheque in branches for the purpose of paying loan dues and any other charges (as applicable) that are not budgeted or specified, but are incurred by the bank on behalf of the customer.	At actuals
Cash transaction charge for repayment of EMI dues at Branches	₹ 100
Information Utility Charges (Only for Corporate Cases)	₹ 300 + GST

Description of Charges*

Charges Amount

New Car

Used Car

Non Refundable Loan Processing Fees

Asset Segment/ Price Band

Processing Fee Amt

Select models /C

₹ 8,500

2% of loan amount or ₹ 15,000 whichever is lower

Entry & Compact / B

₹ 5,500

Mid Upper / B+

₹ 7,000

Premium /A

₹ 7,500

Luxury / A+

₹ 8,500

Loan Documentation Charges

₹ 800 + GST

Registration Certificate (RC) Collection Charges

₹ 700 + GST

Stamp Duty

Actuals

Prepayment Charges

5% on principal outstanding

Charges for late payment of loans

2% per month on the outstanding installment

Swap Charges

₹ 500 per transaction

Bounce Charges

₹ 500 per transaction

Duplicate Repayment/Amortization schedule charges

₹ 500 per schedule

Statement of Account Charges

₹ 200 per statement

Prepayment Statement Charges

₹ 200 per statement

Duplicate No Objection Certificate (NOC)/No Due Certificate (NDC) Charges

₹ 500 per NOC/NDC

NOC for conversion from Petrol to LPG/CNG

₹ 500 per NOC

Revalidation of NOC Charges

₹ 500 per NOC

NOC to convert from Private to Commercial & Commercial to Private Registration

₹ 2,000 per NOC

Valuation charges for Used Car

₹ 1000 + GST

Loan Cancellation Charges

₹ 3,000 per loan

Miscellaneous charges viz. charges incurred in filing legal suit, repossession charges, Non Maintenance of Mode of Payment (NMMP) charge, pick-up charges) wherein customer requests for a pickup of the payment, professional charges for availing services of professionals i.e. title search, valuation, etc., charges incurred in SARFAESI proceedings, paper advertisement charges, auction charges for repossessed asset, security guard charges for protection of repossessed assets, yard charges for parking the repossessed asset in authorised yard, enforcement charges for availing logistical support during repossession, charges incurred in sending different notices, charges levied for deposition of cheque in branches for the purpose of paying loan dues and any other charges (as applicable) that are not budgeted or specified, but are incurred by the bank on behalf of the customer.

At actuals

Cash transaction charge for repayment of EMI dues at Branches

₹ 100

Information Utility Charges (Only for Corporate Cases)

₹ 300 + GST

Part Prepayment Charges for Car Loans
Eligibility	No prepayment allowed for loan seasoning upto 6 months
Part prepayment allowed only to Salaried Segment customers or as per schemes offered at the time of loan application
Part prepayment charges	i) 6% for loan seasoning above 6 months
ii) 5% for loan seasoning between 13 to 24 months
iii) 3% for loan seasoning above 24 months
Other Terms & Conditions	i) Minimum part prepayment amount will be equivalent to one Equated Monthly Instalment (EMI)
ii) Maximum part prepayment amount will be equivalent to 25% of principal outstanding
iii) Part prepayment will be allowed only twice during a loan tenor
iv) Part prepayment will be allowed only once during a year

Part Prepayment Charges for Car Loans

Particulars

Part prepayment criteria and charges

Eligibility

No prepayment allowed for loan seasoning upto 6 months

Part prepayment allowed only to Salaried Segment customers or as per schemes offered at the time of loan application

Part prepayment charges

i) 6% for loan seasoning above 6 months

ii) 5% for loan seasoning between 13 to 24 months

iii) 3% for loan seasoning above 24 months

Other Terms & Conditions

i) Minimum part prepayment amount will be equivalent to one Equated Monthly Instalment (EMI)