Description of Charges | Charges applicable |
---|---|
Loan Processing Charges / Origination Charges (Non-Refundable) | Upto 2.25% of loan amount plus GST |
Prepayment Charges | 5% on principal outstanding plus GST |
Additional Interest on late payment | 24% per annum |
Repayment Mode Swap Charges | ₹ 500/- per transaction plus GST |
Loan Cancellation Charges | ₹ 3000/- plus GST |
^EMI Bounce Charges | ₹ 400/- per bounce plus GST |
Miscellaneous charges viz. charges incurred in filing legal suit, Non Maintenance of Mode of Payment (NMMP) charges, pick-up charges wherein customer requests for a pickup of the payment, professional charges for availing services of professionals, paper advertisement charges, 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 |