LOAN CHARGES - URBAN
| Product Type |
Personal Loan Salaried |
Personal Loan Self Employed |
Two Wheeler Loan |
Used Car Loans |
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 |
250 |
As stated under additional interest charge* |
As stated under additional interest charge*** |
Additional Interest (applicable for payment defaults) An amount not exceeding 2 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. |
| Collection of Cheque/Cash (per collection) |
300 |
300 |
300 |
300 |
NA |
NA |
NA |
| Cheque /ECS dishonoured Charges (per dishonour of cheque/ECS per presentation) |
30 |
30 |
300 |
300 |
30 |
30 |
30 |
| Swap Charges- for replacement of Post-dated cheques to ECS (per instance) |
500 |
500 |
500 |
500 |
500 |
500 |
500 |
| Swap Charges- for replacement of ECS to ECS (per instance) |
500 |
500 |
500 |
500 |
500 |
500 |
500 |
| Loan Cancellation charges (loan cancelled before first EMI) |
1000 |
1000 |
1000 |
1000 |
5000 |
5000 |
Stamp Duty plus ` 1500 before encashment of the loan disbursement cheque. Else Loan prepayment charges apply. |
| Document Retrieval Charges/copy of Property/Loan Agreement papers /List of Documents |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
| Duplicate NOC/ NOC Revalidation |
NA |
NA |
250 |
250 |
NA |
NA |
250 |
| Processing Fees |
Up to 6.5% 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
|
NA |
An amount not exceeding Three (3) per cent of the Loan Amount sanctioned |
Up to 3% of the Loan Amount* |
Up to 2% of the Loan Amount |
| CERSAI charges |
NA |
NA |
NA |
NA |
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
|
For loan amount greater than ` 5 Lacs, deduction will be
` 210/- per collateral
|
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)
|
Loan Foreclosure Charges*
| Foreclosure Charges |
Two Wheeler Loan |
Used Car Loans |
Loan against property/LRD |
SME Loan |
Commercial Vehicle Loan |
| Within 6 months from the Agreement Date |
Not Allowed |
Not Allowed |
5.00% |
4.00% |
4.00% |
| Within 7 months to 12 months from the Agreement Date |
4.00% |
4.00% |
5.00% |
4.00% |
4.00% |
| Within 13 months to 24 months from the Agreement Date |
3.00% |
3.00% |
5.00% |
4.00% |
3.00% |
| Within 25 months to 60 months from the Agreement Date |
3.00% |
3.00% |
4.00% |
3.00% |
3.00% |
| Within 61 months to 84 months from the Agreement Date |
|
|
3.00% |
3.00% |
3.00% |
| After 84 months from the Agreement Date |
|
|
3.00% |
3.00% |
NIL |
|
| 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.
Loans Against Property/LRD Part Pre-Payment Charges
- Pre-payment will be allowed within 0 – 24 MOB - 5% of the prepaid loan amount
- Pre-payment will be allowed within 25 – 60 MOB - 4% of the prepaid loan amout
- Pre-payment will be allowed 61 and above MOB - 3% of the prepaid loan amout
- Part Pre-payments will be allowed only once in a Financial Year.
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)
Documentation/Processing Fee/Card fee for new Customer
| Product |
Processing fee % |
Card Fee** |
| SG |
1.5 -2.5% |
50/- |
| Merchandise Loan |
NA |
NA |
| TW |
5% |
50/- |
| GEL |
3% |
50/- |
| CV |
2.5% or Rs.5000/- (whichever is lesser) |
50/- |
| 3W |
2.5% or Rs.3000/- (whichever is lesser) |
50/- |
| Hypothecation |
2.5% or Rs.6000/- (whichever is lesser) |
50/- |
| LAP |
2% or Rs.15,000/- (whichever is lesser) |
50/- |
| Home Loan |
*Includes stamp duty charges for all non-mortgage products wherever applicable.
Foreclosure charges and Waiver grid
| Product |
Foreclosure charges |
| SG |
| Up to 238 days - 3% |
| > 238 days - 1% |
|
| Merchandise Loan |
NIL |
| TW |
>180 days - 3% |
| CV |
| 180 - 364 days - 4% |
| > 365 days - 3% |
|
| 3W |
| 180 - 364 days - 4% |
| > 365 days - 3% |
|
| GEL |
>365 days - 5% |
| Hypothecation |
>365 days - 5% |
| LAP** |
7% of the Outstanding Loan Amount |
| Home loan** |
7% of the Outstanding Loan Amount |
**Foreclosure Charges - Nil for Floating Rate of Interest.
Late payment penalty, Bounce Cheque charges and Waiver grid
| Product |
Cheque Bounce Charges (Rs) |
Penalty charges |
| SG |
25 |
| SGF – Rs. 10 |
| SGM – Rs. 20 |
|
| Merchandise Loan |
NIL |
NIL |
| TW |
300 |
30%* |
| CV |
300 |
22-27%* |
| 3W |
300 |
22-27%* |
| GEL |
300 |
44%* |
| Hypothecation |
300 |
30%* |
| LAP |
300 |
25%* |
| Home Loan |
300 |
25%* |
Note: All penal charges mentioned include tax on services.
*On overdue POS.