|
Description of charges |
Used Car Loans |
|
FC Charges |
6% of POS for preclosures within 1
year from 1st EMI |
|
5% of POS for preclosures within
13-24 months from 1st EMI |
|
3% of POS for preclosures post 24
months from 1st EMI |
|
No foreclosure allowed within 6
months from date of availing the car
loan. |
|
Stamp Duty |
At actuals |
|
Late Payment Penalty |
2% per month |
|
Processing fees |
Used cars -2% of loan amount or
Rs.4000/-, whichever is lower |
|
Agri /PSL Charges |
Rs 2000 |
|
Cheque swapping charges |
Rs 500/- |
|
Loan cancellation / re-booking
charges |
Rs 1000/- |
|
Duplicate Repayment Schedule charges |
Rs 500/- |
|
Legal, Repossession & Incidental
charges |
At actuals |
|
Duplicate no due certificate / NOC |
Rs 500/- |
|
Transaction fees for Suraksha Kavach |
Rs 500/- per case |
|
Loan Reschedulement charges |
As applicable at the time of
reschedulement |
|
Special NOC |
Rs. 500/- per request |
