Engineer Loan Fees and Charges:

Types of fees

Charges applicable

Rate of interest

16- 19%

Processing fees

2% of the loan amount for Self Employed/ Consultant

Loan statement charges

NIL

Interest & principle statement charges

NIL

PDC swap charges

NIL

EMI bounce charges

Rs.1000 for every bounce

Penal interest

2.00% p.m

Secure fee

Rs. 2999/-

*Applicable following 1st EMI clearance.

 

Foreclosure Charges

Borrower Type: Interest Type

Time Period (Months)

Foreclosure charges

Individual: Floating rate

>1

Nil

Non-Individual: Floating rate & All borrowers: Fixed rate

>1

4% plus applicable taxes

  • For Term Loan on principal outstanding
  • For Line of credit (Flexi Pure) Charges will be calculated on sanctioned limit
  • For Flexi Saver (Dropline Flexi) charges will be calculated on current Dropline limit

 

Part prepayment charges

Borrower Type: Interest Type Time Period (Months) Part payment charges
Individual: Floating rate >1 Nil
Non-Individual: Floating rate & All borrowers: Fixed rate >1 2% plus applicable taxes on part payment amount paid
  • Part payment made should be more than 1 EMI.
  • Charges not applicable for Line of credit (Flexi Pure) & Flexi Saver (Dropline Flexi)