Applicable fees and charges
We advise you to read about our fees and charges thoroughly before applying.
Type of fee | Applicable charges |
Rate of interest (floating rate of interest) |
8% to 14% per annum |
Processing fee | Up to 3.54% of the loan amount (inclusive of applicable taxes) |
Documentation charges | Up to Rs. 2,360/- (inclusive of applicable taxes) |
Flexi fee | Term Loan - Not applicable Flexi Variant - Not applicable |
Prepayment charges | Full prepayment
Note: If all borrowers and co-borrowers are individuals, loan availed on floating interest rates, and loan taken for purposes other than business use, then there will be no foreclosure/ part-prepayment charges. |
Annual maintenance charges | Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Not applicable Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during Initial loan tenure. Not applicable for subsequent loan tenure. |
Bounce charges | In case of default of repayment instrument, Rs. 1,500/- per bounce will be levied |
Penal charge |
Penal Charge is applicable in the following scenarios: a. Penal Charge: b. Covenant Perfection Charge: |
Stamp duty (as per respective state) | Payable as per state laws |
Instalment default charge | Rs. 450/- per month from the first month of due date for mandate rejected by customer's bank until the new mandate is registered |
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(are) charged in two scenarios: Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, broken period interest is recovered by the following methods:
Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged:
|
Mortgage origination fees | Up to Rs. 6,000/- per property (inclusive of applicable taxes) charged upfront. Note - In case of re-valuation of the property then MOF will be levied again and shall be deducted from loan disbursement amount. |
CERSAI charges | Up to Rs. 118/- (inclusive of applicable taxes) |
Conversion fee (floating to fixed) | For Term Loan: Up to 1.18% (inclusive of applicable taxes) of principal outstanding + undisbursed amount (if any) For Flexi Term Loan and Hybrid Flexi Loan: Up to 1.18% (inclusive of applicable taxes) on flexi limit + undisbursed amount (if any) Note: a) The company would charge additional interest rate risk premium of 200 bps over the applicable rate of interest on the borrower's loan account as on that date. b) Three conversions are permissible throughout the entire tenure |
Conversion fee (fixed to floating) | For Term Loan: Up to 1.18% (inclusive of applicable taxes) of principal outstanding + undisbursed amount (if any) For Flexi Term Loan and Hybrid Flexi Loan: Up to 1.18% (inclusive of applicable taxes) on flexi limit + undisbursed amount (if any) Note: Three conversions are permissible throughout the entire tenure. |
Switch fee for ROI change | Up to 2.36% (inclusive of applicable taxes) of principal outstanding |
Cash collection handling charges | Rs. 177 (inclusive of applicable taxes) will be charged if customer opts to make payment in cash when the collection is done by the collection agents. This fee is charged only once per month, regardless of the number of payments made against multiple LANs. |
Cash deposit charges | Customers will incur a cash deposition charge of Rs. 50 (inclusive of applicable taxes) when making cash payments at our branch offices. |
PG facility charges | Rs. 11 (inclusive of applicable taxes) will be charged for utilising the payment gateway to make part or full payments towards the loan through digital properties. |
Commitment fee | Maximum up to total PF amount. |
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How to apply for a loan against property
Step-by-step guide to apply for a loan against property
- Click on the 'APPLY' button on this page.
- Enter your full name, mobile number, and pin code, and choose ‘Self-employed’ as the employment type.
- Now select the type of loan that you wish to apply for.
- Generate and submit your OTP to verify your phone number.
- Upon OTP verification, enter additional details like your monthly income, required loan amount, and if you have identified the property.
- In the next steps, enter your PAN number and any other details as requested depending on your selected occupation type.
- Click on the ‘SUBMIT’ button.
That is it! Your loan request is submitted. Our representative will connect with you and guide you through the next steps.
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