Rate of Interest |
9.25% – 18.20% |
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Processing Fees |
Up to 2% of Loan Amount plus applicable taxes |
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Part Prepayment / Foreclosure Charge |
plus applicable taxes
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Late payment Charges/Penal Interest |
24 % per annum |
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Cheque Swap Charge |
Up to Rs. 500 plus applicable taxes per Swap |
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Document Retrieval Charge |
Up to Rs. 500 plus applicable taxes |
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Cheque Bounce Charge |
Up to Rs.500 plus applicable charges per bounce |
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Duplicate Statement Issuance Charge |
Up to Rs. 500 plus applicable taxes per document |
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Cheque Pick up Charge |
Up to Rs. 150 plus applicable taxes per pick up |
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CERSAI charges |
You may visit the website of CERSAI www.cersai.org.in for details of such charges. |
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NeSL Data Submission Charges (plus applicable taxes) * For more information, kindly visit https://www.nesl.co.in/ for details of charges. |
Applicant |
Companies |
Other Commercial entities |
Individuals |
Data submission per loan record of a borrower for each year |
1st loan record – Rs. 300/-; 2-10 loan record– Rs. 100/- each 11th onwards – Rs. 50/- each Annual renewal fee- Rs-250/- |
1st loan record – Rs. 150/- 2nd onwards – Rs. 50/- each Annual renewal fee- Rs-125/- |
Unsecured- All loan records- Rs. 25/- each Secured- All loan records- Rs. 50/- per loan account (one time fee) (Rs.10 for annual updation after completion of period of 5 years from the date of 1st submission) |
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Stamp Duty & other statutory Charges |
As per applicable laws of the State |
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Conversion Fee |
Up to 1.5% of the Loan outstanding plus applicable taxes will be charged for reduction in the Interest rate of existing Loans |
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* Nil foreclosure charges/pre-payment charges applicable for floating term loans sanctioned for loan purposes other than business to individuals borrowers.
**Non individual borrower means and includes Sole Proprietorship Concern, HUF, Partnership Firm, Company, Limited Liability Partnership (LLP), AOI, BOI.
You shall be required to submit a Prepayment Request Letter along with copies of your Bank Statement or any other document that the Company deems necessary to ascertain the source of funds used for the prepayment. All charges, taxes and other taxes, levies etc. applicable as per the prevailing rate will be charged over and above these charges. This statement of charges is as on date of disbursement and are subject to changes / revision from time to time and the same will be updated on the website. |