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Are there any Foreclosure and Part Prepayment Charges

Are there any Foreclosure and Part Prepayment Charges?

Foreclosure & Part Payment Charges
• Nil Part payment charges for FLEXI loans
• Nil Part payment charges if the total amount paid in year is less than 25% of the principal outstanding
• Part payment charges will be levied on the amount paid over and above 25% of the principal outstanding for the year
Product /Interest/Entity : All Business and professional Loans
Foreclosure/Part Prepayment Charges : 4% plus applicable taxes on principal outstanding *

*For Foreclosure: Current principal outstanding and all amounts tendered by the borrower towards prepayment during the last one year from the date of final payment.

Foreclosure charges for Pure FLEXI loans will be calculated on the disbursed amount and for FLEXI loans on current dropline limit

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