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Home Loan Charges & Fees

Description Individual Housing Loans
Cheque bounce charges Rs.450
Overdue Interest 3% pm on unpaid amount
Loan reschedulement charges :
a) EMI Cycle Date Change
b) Tenure/EMI Reschedulement

Rs.500 + Interest
2% of POS
NOC Issuance charges First "Nil", Duplicate Rs.500
Legal / Collection/ Repossession & Incidental charges As per Actuals
SPDC retrieval Charges Rs.300/- at the time of Pre-closure/Swap/Matured/Customer Induced cancellations.
Rs.450/- up to sixty days from the day of Pre-closure/Swap/Matured/Customer Induced cancellations.
Conversion Charges 0.5% of Outstanding Principal
Non Refundable Fee Loan up to Rs 28 lacs - Rs. 3,000/- + G.S.T
Loan >Rs 28 lacs - Rs. 6500/- + G.S.T
Copies of Loan Documents/ Agreement/Retrieval of Share Certificate Rs.500/- per LAN
Charges on Part Disbursement Rs.750/-
Prepayment Statement Charges Rs.200/-
Statement of Account / Amortization Schedule Nil Charges
Prepayment Charges in case of Floating Rate 1) "Nil" for all floating rate term loans sanctioned to "individual borrowers"
2) Prepayment charges will be applicable for Loan in which company, firm, etc. is a borrower or co-borrower
Semi Fixed rate of Interest 1) "Nil" prepayment charges, if the loan has been converted in floating rate of interest at the time of pre payment / pre closure.
2) In case loan is on Fixed Rate at the time of closure, Prepayment Charges are "Nil" if Loan is pre closed through "Own Source"* of funds (It would be chargeable if closed through other than own source.)
Fixed Prepayment Charges are applicable if Housing Loan is not pre closed by "Own Source" * of funds
Loan cancellation Charges Cancellation charges of Rs 3000/- along with applicable interest amount from the date of disbursement till the date of cancellation will be charged.