Fee And Charges

Fee Amount to be Paid
Rack interest rate Salaried - 15.75% to 22.25%
Self-employed businessman - 17.50% to 22.00%
Self-employed profession - 14.50 to 15.00%
Loan processing charges Up to 2.50% of the loan amount subject to a minimum of Rs. 1000
Prepayment Salaried - No pre-payment permitted until repayment of 12 EMIs
Self-employed - No pre-payment permitted until repayment of 6 EMIs
Pre-payment charges Salaried - 4% of the principal outstanding after repayment of 12 EMIs. For top-up/enhancements - 2% of the principal outstanding
Self-employed - 4% of the principal outstanding after repayment of 6 EMIs
No Due Certificate/No Objection Certificate (NOC) NIL
Duplicate of No Dues Certificate/NOC Rs. 250/-
Solvency Certificate Not applicable
Charges for late payment of EMI 24% per annum on amount outstanding from date of default
Charges for changing from fixed to floating rate of interest Not applicable
Charges for changing from floating to fixed rate of interest Not applicable
Stamp duty & other statutory charges As per applicable laws of the state
Credit assessment charges Not applicable
Non standard repayment charges Not applicable
Cheque swapping charges Rs. 500/- per event
Loan re-booking charges/re-scheduling charges Rs. 1000/-
Loan cancellation charges Rs. 1000/-
Cheque bounce charges Rs. 450/- per cheque bounce
Legal/incidental charges At actual
CIBIL Report Copy Charges Rs.50 per copy