LOAN CHARGES - URBAN

The below charges will be applicable with effect from 4th November, 2019

Product Type	Personal Loan Salaried	Personal Loan Self Employed	Two Wheeler Loan	Loan against property/LRD	SME Loan	Commercial Vehicle Loan
Delayed EMI Payment Interest ( per month of delay, every month)	As stated under additional interest charge*	As stated under additional interest charge*	250	As stated under additional interest charge*	As stated under additional interest charge*	As stated under additional charges*
Cheque /ECS dishonoured Charges (per dishonour of cheque/ECS per presentation)	300	300	300	300	300	300
Swap Charges- for replacement of Post-dated cheques to ECS (per instance)	500	500	500	500	500	500
Loan Cancellation charges (loan cancelled before first EMI)	1000	1000	1000	5000	5000	Stamp Duty plus ‌1500 before encashment of the loan disbursement cheque. Else Loan prepayment charges apply.
Duplicate NOC/ NOC Revalidation	NA	NA	250	NA	NA	250
Processing Fees	Between 0% - 6% of the loan amount	Up to 6.5% of the Loan Amount	‌1,000 for loan amount up to ‌30,000 ‌1300 for Loan amount over & above ‌30,000	Up to 3% of the loan amount	Up to 3% of the loan amount	Up to 2% of the loan amount
CERSAI charges	NA	NA	NA	‌110 per collateral for Loan Amount up to ‌5 Lakhs and ‌210 per collateral for Loan Amount above ‌5 Lakhs	‌110 per collateral for Loan Amount up to ‌5 Lakhs and ‌210 per collateral for Loan Amount above ‌5 Lakhs	NA
*Additional Interest (applicable for payment defaults): 2% of the overdue EMI per month calculated on a daily basis Rate of interest conversion fee - an amount not exceeding one (1) per cent of the loan amount sanctioned (SME loans / Loan against Property & LRD)

Loan Foreclosure Charges**

Foreclosure Charges	Two Wheeler Loan	Used Car Loans	Loan against property/LRD	SME Loan	Commercial Vehicle Loan
0 to 6 EMIs fully paid	Not Allowed	Not Allowed	Not Allowed	Not Allowed	4.00%
7 to 12 EMIs fully paid	4.00%	4.00%	Not Allowed	Not Allowed	4.00%
13 to 24 EMIs fully paid	3.00%	3.00%	5.00%	4.00%	3.00%
25 to 60 EMIs fully paid	3.00%	3.00%	4.00%	3.00%	3.00%
60 or more EMIs fully paid			3.00%	3.00%	3.00%

Foreclosure Charges	Personal Loan Salaried	Personal Loan Self Employed
0 to 6 EMIs fully paid	Not Allowed	Not Allowed
7 to 17 EMIs fully paid	7%	7%
18 to 23 EMIs fully paid	5%	5%
24 to 35 EMIs fully paid	3%	3%
36 or more EMIs fully paid	0	0

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

Loans Against Property/LRD Part Pre-Payment Charges

Part Pre-payment will be allowed only once in a Financial Year after borrower has paid first 12 EMI fully to the satisfaction of FICCL
All the Pre-payments would attract charges as above

Home Purchase Loan(Home Loan):

No pre-payment charges shall be payable for partial or full pre-payments irrespective of the source.
Additional Interest( applicable for payment defaults )- An amount not exceeding (0.7) 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.

All charges mentioned above are exclusive of tax on services and the borrower shall be liable to pay tax on services as applicable. Fullerton India Credit Company Ltd ("FICCL") reserves the right to revise the above charges from time to time and any change in the rates/charges etc. would be displayed on the company website and intimated under "Loan Charges".

Any unbanked/unused cheques of the Borrower(S) as issued in favour of FICCL with regard to the loan and presently in custody of FICCL will be cancelled and/or destroyed immediately after closure of the loan either by way of maturity or prepayment of loan and/or otherwise without any further notice.

Please note that refunds towards any excess monies paid will only be applicable if the refund amount is greater than INR 250/-. Further, if the refund is required to be effected by means of a cheque, processing charges of INR 100 shall be payable.

All payments made towards your Loan account via cheque/DD, to be made payable to
'Fullerton India Credit Company Limited'.

LOAN CHARGES – RURAL (GRAMSHAKTI)

Card fee for new Customer / Documentation / Processing Fee

Product	Processing fee %*
SG	1.5 -2.5%
Emergency Loan	NA
Garima Loan	2%
Merchandise Loan	NA
Consumer Durable Loan	NA
SSL	1-4%
TW & Raftaar	0 - 5% Default Rate : 3%
GEL/GEL Plus/Smart GEL	3%
Samriddhi Loan	3%
Mortgage**	2% or Rs.15,000/- (whichever is lower)
MSME	1% or Rs.20,000/- (whichever is higher)

*Includes stamp duty charges for all non-mortgage products wherever applicable.

Foreclosure charges

Product	Foreclosure charges
SG	NIL
Emergency Loan	Same as SG Loans
Garima Loan	>180 days - 4%
Merchandise Loan	NIL
SSL	Up to 180 days - 5% >180 days – 2%
Consumer Durable Loan	>90 days- 3%
TW**	>180 days - 3%
Raftaar Loan**	>180 days - 3%
CV	>365 days - 3%
3W	>365 days - 3%
GEL#	>180 days - 5%
SmartGEL #	>180 days - 5%
GEL Plus #	>180 days - 5%
Samriddhi Loan	>180 days - 5%
Hypothecation	>365 days - 5%
Mortgages***	5%
MSME***	5%

**Foreclosure not allowed before 180 days; however if loan foreclosure is granted for a case 180 days under any circumstances then a foreclosure charge of 3% applicable will be applicable for TW/Raftaar (as per Fullerton India’s policy & procedures).

#Foreclosure not allowed before 180 days. However, in case of loan foreclosure within 180 days under any circumstances for a case, then a foreclosure charge of 5% will be applicable.

***Foreclosure not allowed before 180 days. However, in case of loan foreclosure within 180 days under any circumstances, then foreclosure charge of 5% will be applicable.

Late payment penalty, Bounce Cheque charges

The below charges will be applicable with effect from 4th November, 2019

Product	Penal Interest / Additional Interest~	Bounce Charges
SG & SG Plus	NIL	NIL
Garima Loan	37%*	NIL
Merchandise Loan	NIL	NIL
SSL	30%*	INR 300
Consumer Durable Loan	NIL	NIL
TW	30%*	INR 300
Raftaar loan	30%*	INR 300
GEL	37%*	INR 300
GEL Plus	37%*	INR 300
Smart GEL	37%*	INR 300
Samriddhi Loan	37%*	INR 300
Mortgage	25%*	INR 300
MSME	25%*	INR 300

*Variable charge on overdue EMI amount at annualized rate.

Note:
(a) All penal and bounce charges mentioned above are inclusive of applicable taxes.
(b) Penal interest / Additional Interest recognized on cash basis.

*On overdue EMI.

Hypothecation & Solidarity Group Loans

The interest rate for Hypothecation Loans ranges from 22% to 32% per annum
The interest rate for Solidarity Group Loans ranges from 23% to 25% per annum

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

Type of Fees	Charges Applicable
Delayed EMI Payment Interest ( per month of delay, every month)	As stated under additional interest charge*
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)	5000
Processing Fees	An amount not exceeding Three (3) per cent of the Loan Amount sanctioned
CERSAI charges	For loan amount less than/equal to ‌5 Lacs, deduction will be ‌110/- per collateral For loan amount greater than ‌5 Lacs, deduction will be ‌210/- per collateral

*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)

Within 6 months from the Agreement Date	5.00%
Within 7 months to 12 months from the Agreement Date	5.00%
Within 13 months to 24 months from the Agreement Date	5.00%
Within 25 months to 60 months from the Agreement Date	4.00%
Within 61 months to 84 months from the Agreement Date	3.00%
After 84 months from the Agreement Date	3.00%