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) | 8% to 14% per annum |
Processing fees |
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 Hybrid Loan:
|
Pre-payment charges |
Full pre-payment/Foreclosure
Part pre-payment
Note: If all borrowers and co-borrowers are Individual, loan availed on floating interest rates, and loan taken for purpose other than business use, then there will be no foreclosure/part-payment charges. |
Annual maintenance charges |
Term Loan: Not applicable |
Bounce charges |
Rs. 1,500/- per bounce. |
Legal charges | Recovery of charges |
Repossession and incidental charges | Recovery of charges |
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 |
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): |
Mortgage origination fees |
Up to Rs. 6,000 (inclusive of applicable taxes) per property 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. |
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 |
Commitment fee | Maximum up to total PF amount. |
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