FEATURES

FEES & CHARGES


Description of charges

Commercial/Construction Equipment Finance

EMI Return Charges*

Rs. 550/- per instance

Part Prepayment charges / Premature closure charges*

4 % of POS (Principal Outstanding) for pre-closures within 1 year from 1st EMI
2% of POS (Principal Outstanding) for pre-closures after 1 year from 1st EMI


For borrowers classified as Micro and Small Enterprises (MSE):

1. Prepayment of fixed rate loans upto Rs. 50 lacs is permitted without levying any prepayment penalty.

2. Prepayment of Floating Rate Loans / Takeover Loans is permitted without levying any prepayment penalty.

Stamp Duty

At actual

Delayed instalment payment charge

1.5% per month (18% p.a) on overdue istalment amount

Processing fees (Non-Refundable)*

New/Used Loans: up to 1.50% of the Loan Amount

NIL Processing Fees for loan facilities upto Rs. 5 lakhs at customer level, availed by Micro and Small Enterprises, subject to URC submission before disbursal.

Asset verification charges

At Actual

Loan Cancellation charges

In the event of cancellation of loan, interest
charges from disbursement date till refund of
disbursement amount will be borne by the
customer. Processing Fee, Stamp Duty are nonrefundable
charges and would not be
waived/refunded in case of loan cancellation.

Legal/Collection/Repossession and Incidental charges

At Actual

Service/Documentation charges

upto 1.5% of the Loan amount

Issuance of Duplicate NOC and Special NOC Charges

Rs 500/- wil be charged for Physical copy

Cheque Swap Charges

Rs.500/- per transaction

Repayment Schedule Charges

Rs. 200/- per schedule

Rebooking Charges 

1000/-

Registration Certificate (RC) / Collateral Documentation Collection Charges*Rs. 500/- (per case)
Pre-Installment Interest

Interest from Disbursement Date to First Installment Interest Start Date
(Deducted Upfront from Disbursement Amount on Disbursement Date)

Solvency CertificateUp to 1% of the solvency certification value
CERSAI ChargesAt actuals
CIBIL Report Charges (on request)Rs. 50/- per request
Valuation charges*Rs. 900/- per asset


Average Rates offered to customer during the period of July'24 to Sep'24

Bank IRR
Min IRRMax IRRAvg IRR
8.52%16.01%10.02%


Average Annual Percentage Rate offered to customer during the period of July'24 to Sep'24

APR
Min APRMax APRAvg APR
8.52%16.01%10.02%

* Exclusive of GST

Property Document Retention Charges @ Rs 1,000 + Taxes per calendar month, after 2 calendar months from the date of closure of all loans/facilities linked to the collateral.

Any payment above Rs. 49000/- should be made vide Account payee Cheque / Pay order /Demand draft.

Note: * Wherever notified GST and other government levies, as applicable, would be charged additionally at the applicable rates.

If you pay your EMI after the due date, interest will be charged on unpaid EMI for the number of days you are late. This interest is calculated at your loan’s contracted rate and will be added to your next EMI. 

Example:

📅 EMI Due Date: 10th

💰 Payment Made On: 25th

⏳ Delay: 15 days

💸 Impact: Interest for these 15 days will be added to your next EMI. 

​​​​​​​Please pay on time to avoid such impact.


​​​​​​​Where can I get a Commercial/Construction Equipment Loan?

Here is the List of PhoneBanking Location or Write to Praveen Nair on Praveen.nair2@hdfcbank.com or Call on 022 33958076

DOCUMENTATION