Personal Loan Processing Fees and Charges

1

Loan processing charges (non-refundable)

Up to 2% of the loan amount

2

Repayment mode swap charges

₹ 500

3

Loan cancellation charges

a. Nil – If the loan is cancelled within the free look/cooling off period (i.e. 15 days from the date of disbursement). Processing Fee will be non-refundable

b. If the loan is cancelled after the cooling off period, cancellation fee of ₹ 2,500 is applicable

4

Prepayment charges/Foreclosure charges

a. 3% of the outstanding principal amount

b. Nil after 12 EMIs paid

c. For Business Instalment Loan (BIL) <= ₹50 lakh the foreclosure charges will be ‘Nil’ only for micro and small enterprises (subject to URC -Udyam Registration Certificate submission) and not for medium enterprises

5

Part payment charges

a. 3% + GST on the part payment amount being paid for the loan seasoning period of up to 24 months

b. Nil for a loan seasoning period of above 24 months

6

Salary Overdraft (Processing Fee)

0.99% of the limit amount subject to a minimum of

₹ 1,999 and maximum of ₹ 2,999

7

Salary Overdraft (Annual renewal fee)

₹ 1,999

8

Cash transaction charges

₹ 100 at the Branch

9

Duplicate NOC (No Objection Certificate) /NDC (No Dues Certificate) charges

₹ 250 for physical printout at the Branch

10

Information utility charges (Only for corporate cases)

₹ 300

11

Prepayment statement charges

₹ 200 for physical printout at the Branch

12

Amortisation Schedule charges

₹ 200 for physical printout at the Branch

13

Loan recovery charges (if applicable)

At Actuals

1

Cheque/Auto Debit/Electronic Clearing Service bounce charges (Late payment fee)

₹ 500

2

Charges for late payment

5% per annum will be charged on the overdue EMI (Equated Monthly Instalment) until repayment

3

Non Maintenance of Mode of Payment charges (NMMP)

₹ 800

4

Charge for unpaid interest amount/ Overdrawn amount

5% per annum will be charged on the unpaid interest amount or on the overdrawn amount.