Commercial Construction Equipment Financing & Loan

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/-