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    Charges Home New

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    kirubaharan2022
    The document details various charges for loans including legal charges, processing fees, login fees, prepayment charges, delayed payment charges, documentation charges, and interest rates for housing loans which range from 10.5% to 17.5%.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Charges Home New

    Uploaded by

    kirubaharan2022
    15 views3 pages
    The document details various charges for loans including legal charges, processing fees, login fees, prepayment charges, delayed payment charges, documentation charges, and interest rates for housing loans which range from 10.5% to 17.5%.

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    Charges home new

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    The document details various charges for loans including legal charges, processing fees, login fees, prepayment charges, delayed payment charges, documentation charges, and interest rates for housing loans which range from 10.5% to 17.5%.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    15 views3 pages

    Charges Home New

    Uploaded by

    kirubaharan2022
    The document details various charges for loans including legal charges, processing fees, login fees, prepayment charges, delayed payment charges, documentation charges, and interest rates for housing loans which range from 10.5% to 17.5%.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Charges

    Charges Details of Charges


    Rs.2,000/- for loan amount less than or equal to 5 lakhs
    Legal Charges Rs.3,000/- for loans greater than 5 to 25 lakhs
    Rs.5,000/- for loans greater than 25 lakhs
    Processing Fees Upto 2%
    Admin Fee Upto 0.2%
    Rs.2,000/- inclusive of GST for loans upto 5 lakhs
    Rs.3,000/- inclusive of GST for loans greater than 5 upto
    Login Fee (Non-refundable and part of processing fees) 25 lakhs
    Rs.5,000/- inclusive of GST for loans greater than 25
    lakhs
    Rs 50/- for all loans up to Rs 5 Lakhs and Rs 100/- for all
    CERSAI Charges
    other loans
    Part Pre-Payment Charges (Fixed ROI period) 2 % on the Prepaid amount
    Part Pre-Payment Charges excluding corporate borrowers (Floating
    Nil
    ROI period)
    Foreclosure Charges (Fixed ROI Period) 2% on the future principal amount
    Foreclosure Charges excluding corporate borrowers (Floating ROI
    Nil
    Period)
    Cheque Bouncing Charges Rs.500/-
    24% per annum for the delayed days from EMI Due date
    Delayed Payment Charges
    till the date of payment
    Field Visit Charges Rs.250 per visit for EMI collection
    Documentation Charges Rs.1500/-
    PDC Swap Charges Rs.500/-
    Charges for providing a photocopy of documents Rs.500/-
    Charges for providing Statement of Accounts/No due certificate -
    Nil
    Once in six months
    Charges for providing Statement of Accounts/No due certificate -
    Rs.500/-
    More than once in six months
    Charges for mortgage release/cancellation Rs.1000/-
    *Goods and Services Tax (GST) will be charged extra as per the applicable rates, on all the charges and
    fees (wherever GST is applicable)

    Mean rate and Interest rate range for the quarter October 2023 – December 2023

    Segment Mean interest rate Interest rate range

    Min Rate (in %) p.a. Max Rate (in %) p.a.

    Housing Loan 12.70% 10.50% 17.50%

    • Mean rate = Sum of rate of interest of all loan accounts / Number of all loan accounts.

    Annualised Percentage Return (APR) for the quarter October 2023 – December 2023
    Segment Min Rate (in %) Max Rate (in %)
    Housing Loan 11.25% 19.50%
    * Annual Percentage Rate: The Annual Percentage Rate (APR) is a method to compute annualized credit cost which includes
    interest rate and the loan origination fee

    Housing Finance
    Type of Loan Segment Effective Rate Of Interest (p.a.) linked to External Benchmark Rate
    Fixed or Hybrid# Micro Home Finance 17.50%*
    Fixed or Hybrid# Others 10.50% - 15.00%*
    # Hybrid: Fixed for 3 years and thereafter floating interest rate

    * Market Linked Benchmark (MLB): External Benchmark Rate is arrived based on Repo Rate published by RBI. Rate is
    published at https://rbi.org.in/home.aspx

    • Application forms complete in all respects will be processed within 14 days from the date of receipt of application form.

    • Wherever additional information/documentation is required to process the application form, the same shall be intimated to the
    customer within 14 days from the date of receipt of the application form.

    To make payments for the Loan via NEFT / RTGS, please contact your Home Branch – Branch Manager for further details

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