Bounce charges
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For loan amounts up to Rs. 15 lakhs: Rs. 500
For loan amounts from Rs. 15,00,001 to Rs. 30,00,000: Rs. 500
For loan amounts from Rs. 30,00,001 to Rs. 50,00,000: Rs. 1,000
For loan amounts from Rs. 50,00,001 to Rs. 1,00,00,000: Rs. 1,000
For loan amounts from Rs. 1,00,00,001 to Rs. 5,00,00,000: Rs. 3,000
For loan amounts from Rs. 5,00,00,001 to Rs. 10,00,00,000: Rs. 3,000
For loan amounts more than Rs. 10 crores: Rs. 10,000
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Part-prepayment charges
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(1) For individual and non-individual borrowers with floating interest rate loans for non-business purposes:
- For Term Loan – Nil
- For Flexi Term Loan – Nil
(2) For individual and non-individual borrowers with floating interest rate loans for business purposes and all borrowers with fixed interest rate** loans:
- For Term Loan – 2% on the part-prepayment amount.
- Flexi Term Loan - Nil
*GST as applicable will be payable by the borrower in addition to the prepayment charges, if any.
**Nil for home loans closed by borrowers out of their own sources. Own sources refer to any source, other than borrowing from a bank/NBFC/HFC and/or a financial institution.
Note: In the case of dual-rate home loans (fixed for the initial period and then floating), the foreclosure/part-prepayment charges will be applicable as per the status of the loan as on the foreclosure/part-prepayment date.
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Foreclosure Charges
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(1) For individual and non-individual borrowers with floating interest rate loans for non-business purposes:
- For Term Loan – Nil
- For Flexi Term Loan – Nil
(2) For individual and non-individual borrowers with floating interest rate loans for business purposes and all borrowers with fixed interest rate** loans:
- For Term Loan – 4%* on principal outstanding
- For Flexi Term Loan – 4%* on the sanctioned amount during the Flexi interest only loan repayment tenure; and 4%* on the available Flexi loan limit during the Flexi Term Loan tenure
*GST as applicable will be payable by the borrower in addition to the prepayment charges, if any.
**Nil for home loans closed by borrowers out of their own sources. Own sources refer to any source, other than borrowing from a bank/NBFC/HFC and/or a financial institution.
Note: In the case of dual-rate home loans (fixed for the initial period and then floating), the foreclosure/part-prepayment charges will be applicable as per the status of the loan as on the foreclosure/part-prepayment date.
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