Car Loan - Schedule of Charges
PARTICULARS | CHARGES | PARTICULARS | CHARGES |
|---|---|---|---|
| Bounce charges/ Instruction Revocation Charges / Dishonour charges | Rs. 500/- per bounce | Loan Suraksha premium | As per actual amount |
| Cheque Swapping charges | Rs. 500 /- per swap | Prepayment/foreclosure charges | 5% of principal outstanding |
| Foreclose Statement Charges | Rs. 500/- | Insurance payable charges (if any) | As per actual amount |
| Valuation Charges | Rs. 800/- including taxes (for the states in west region) Rs. 700/- including taxes (other states) | Loan statement charges | Rs. 250/- |
| Collection Charges | Rs. 250/- if delay in deposit of EMI by more than 14 days from the due date | Stamp Duty Charges | As per actual amount plus handling charges |
| HPN deferral charges | NA | Duplicate NOC issuance charges | Rs. 1,000/- |
| Insurance Transfer Charges | Rs. 250/- including taxes | Legal and courier charges | Rs. 1,000/-, once in whole tenor, if collection charges are levied |
| RTGS/NEFT Charges | Rs. 100/- on every RTGS/NEFT transaction of disbursement | Late Payment Charges | 3 % per month of Amount Due (Overdue EMI) |
| Collection visit charges | Rs. 250/- per visit upto 2 times in a month | Loan Cancellation charges | upto Rs. 10,000/- |
| NACH rejection charges | Rs. 1000/- once in whole tenor post rejection of NACH mandate | RC extract charges | As per actual amount |
| Processing Fee | Upto 4% of the sanctioned amount | Third party insurance charges | Rs. 1,500/- including taxes |
| RTO Payable Charges | As per actual amount | Part prepayment charges | 5% of the part principal prepaid |
| Deferral charges | Rs. 250/- including taxes | Any regulatory/ statutory reporting charges | As per actual amount |
| SMS alert charges | Rs. 15/- per quarter | Other Charges* | As per actual amount |
| Revalidation of NOC | Rs. 500 /- | Default Period Interest | Interest on Amount due (Overdue EMI) at the contracted rate of interest till such default is cured by the Borrower |
| Delay in Hypothecation | In the event the customer does not hypothecate/ mortgage security within 7 days from the date of disbursement of loan, the Company shall charge INR 30 per day (post expiry of 7 days) till the time such hypothecation/ mortgage is registered in favour of the Company and intimated or updated in the records of the Company. | - | - |
Note:-
- Applicable GST charges shall be levied as per the statutory requirement.
- *The Company shall be permitted to levy any other charges in the nature of reimbursement from the customer like seizing charges, legal charges, RTO charges etc. including applicable taxes. The Company may levy any additional charges on cases to case basis as defined in the term of agreement.
- States in west region includes Maharashtra, Gujrat and Karnataka.
