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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/NACH dishonoured Charges (per dishonour of cheque/ECS/NACH 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 Personal Loan Salaried Personal Loan Self Employed
Within 6 months from the Agreement Date Not Allowed Not Allowed
Within 7 months to 17 months from the Agreement Date 7.00% 7.00%
Within 18 months to 23 months from the Agreement Date 5.00% 5.00%
Within 24 months to 35 months from the Agreement Date 3.00% 3.00%
After 36 months from the Agreement Date 0 0

*Foreclosure charges/ pre-payment penalties shall not be charged on all floating rate term loans sanctioned to individual borrowers.

*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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