Investors

Rate of Interest

8.50%- 22.00% basis the product category and risk categorization of borrower(s)

Login fees (Initial Money Deposit)

Rs. 1,000 - Rs. 5,000 depending upon the product type and loan amount (to be paid at the time of login). Login valid till 180 days from login date, post which login fee to be paid again by borrower

Processing fees

As mentioned in the preceding section(s) of Sanction Letter

Pre-payment charges / Foreclosure Charges

Floating rate home loan and one of the borrower is an individual - Nil         
Floating rate LAP loan where purpose of loan is for business and borrowers are individuals and/or non-individual/s -

• 4% + Applicable Taxes of principal prepaid if repaid from own Funds
• 6% + Applicable Taxes of principal prepaid if repaid via Balance Transfer

Floating rate Micro LAP loan where purpose of loan is for business and borrowers are individuals and/or non-individual/s -

• 6% + Applicable Taxes of principal prepaid if repaid from own Funds
• 8% + Applicable Taxes of principal prepaid if repaid via Balance Transfer

Fixed Rate Loans

• Full repayment of home loan by individual borrowers - 6% + Applicable Taxes of principal prepaid if repaid via Balance Transfer; NIL in case closed from own funds
• Part or full repayment of LAP Loan - 6% + Applicable Taxes of principal prepaid if repaid from own Funds
• 8% + Applicable Taxes of principal prepaid if repaid via Balance Transfer

Part or Full Prepayment of Loan (on Floating / Fixed Rate of Interest) by Corporates/ Public Agencies/ Builders/ Legal Entities - As per Terms of Sanction Letter

Penalty for Instrument return - Construction Finance to Builders/ Corporates

1st time return Rs. 5,000/-       
2nd time and onward return Rs. 10,000/-

Instrument return charges

Rs. 1,000/- per instance

Charges on account of non-submission/ Registration of PDC/ NACH Mandate Form for EMI payment, per transaction

Rs. 2,000/- per transaction

Penal Charges

36% p.a. (Inclusive of GST) i.e. 3% per month of the overdue / defaulted installments / amount for all type of loans.

CERSAI fees

Rs. 50/- for loans up to 5 lacs & Rs. 100/- for loans greater than 5 lacs (to be collected at the time of closure of the loan)

Change in loan tenor or EMI (other than due to part payment), addition/ deletion of coborrower(s) post loan disbursement^

Rs. 10,000/- per instance

Duplicate statement issuance Charges

Rs. 250/- per  instance

Switch Charges

Fixed to Variable- upto 4.0% of Loan outstanding       
Variable to Fixed- upto 2.0% of Loan outstanding

Conversion fees^

Upto 0.25% of loan outstanding for Home loans      
Upto 0.50% of loan outstanding for LAP loans

Photocopy of title deeds issuance charges

Rs. 1,000/- per instance

Retrieval of title deeds

Rs. 500/- per instance

Cheque/ Instrument swap charges

Rs. 500/- per instance

Amortization schedule issuance Charges

Rs. 250/- per instance

Statement issuance Charges

Rs. 250/- per instance

Duplicate interest certificate (provisional/ actual) issuance charges

Rs. 250/- per instance

Duplicate NOC Issuance Charges

Rs. 250/- per instance

Issuance of LOD

Rs. 500/- per instance

Issuance of Foreclosure Letter (FCL)

Rs. 500/- per instance

Holding charges of original documents in closed accounts, beyond 30 days

Rs. 500/- per month

EMI Collection - Visit Charges

Rs. 1,000/- per visit

Mortgage Creation/ Release Charges

As per the laws of the State where the property is located/ mortgage is being created.

Legal/ Recovery/ Incidental Charges

As per actual, applicable in the event of default.

Mortgage Guarantee Fee

Mortgage Guarantee fee;      
wherever applicable; is to be borne by borrower and is non- refundable.