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Fees & Charges

Here’s a table of Fees and Charges to help you understand the same in detail,

Fee Type

Applicable Charges

Delayed EMI Payment Interest ( per month of delay, every month)

As stated under additional interest charge**

Collection of Cheque/Cash (per collection)

300

Cheque /ECS dishonoured Charges (per dishonour of cheque/ECS per presentation)

30

Swap Charges- for replacement of Post-dated cheques to ECS (per instance)

500

Swap Charges- for replacement of ECS to ECS (per instance)

500

Loan Cancellation charges (loan cancelled before first EMI)

1000

Processing Fees

Up to 6.5% of the Loan Amount

Foreclosure Charges
Within 6 months from the Agreement Date 4.00%
Within 7 months to 12 months from the Agreement Date 4.00%
Within 13 months to 24 months from the Agreement Date 4.00%
Within 25 months to 60 months from the Agreement Date 3.00%
Within 61 months to 84 months from the Agreement Date 3.00%
After 84 months from the Agreement Date 3.00%

*Additional Interest (applicable for payment defaults):

  • For loans below 5 Cr. - An amount not exceeding zero point seven (0.7) per cent per annum
  • For loans exceeding 5 Cr. - an amount not exceeding zero point five (0.5) per cent per annum

on the Principal amounts outstanding under the Loan payable from the relevant due date until the date of actual payment / rectification of default.

**Additional Interest (applicable for payment defaults) 0.75% per month on the outstanding principal loan amount (for both salaried and self-employed Personal Loans).

***Additional Interest (applicable for payment defaults) An amount not exceeding zero point five(0.5) per cent per annum on the Principal amounts outstanding under the Loan payable from the relevant due date until the date of actual payment / rectification of default.

Rate of interest conversion fee - an amount not exceeding one (1) per cent of the loan amount sanctioned ( Loan Against Property/LRD)

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