Loan Against Property Interest Rates

Fees and Charges

Types of Fees	Charges Applicable
Rate of interest	10%
Processing fees	6%
Loan statement charges	NIL
Outstation collection charges	Rs.65* per repayment instrument
Other penal charges	NIL
Stamp duty	Percentage or Amount – Mentioned state wise
Upfront interest	NIL
Service charges	NIL
Mortgage Origination Fee (MOF)	Rs. 5000
Penal Interest	2% per month + applicable taxes
Bounce charges	Rs. 3000 inclusive of taxes
Pre-payment charges (Not applicable if the Borrower is an Individual and the Loan is availed on floating interest rate)	2% + applicable taxes
Foreclosure charges (if any)	4% + applicable taxes
Any change in the terms, number of days notice published through company’s website/electronic media	30 days
Notice period for exercise of right of lien/setoff	7 days

Additional Maintenance Charges

Details	Charges
Flexi Term Loan	0.25% of the current Flexi Term Loan amount + applicable taxes (as per the repayment schedule) on the date of levy of such charges
Flexi Dropline Loan	0.5% of the loan amount + applicable taxes during initial tenure. 0.25% of the current Flexi Term Loan amount + applicable taxes during Subsequent Tenure

Applicable following 1st EMI clearance.

Part Prepayment Charges & Foreclosure Charges

Floating Rate Loans: If all Borrowers and Co-Borrowers are Individuals

Floating Rate Loans: If any Borrower or Co-Borrower is a Non-Individual

Fixed Rate Loans: All Borrowers (including individuals)

	Term Loan	Flexi Term Loan	Flexi Hybrid Loan
Time Period (Months)	>1	>1	>1
Foreclosure Charges	4% * on Principal Outstanding	4%* on the available Flexi Loan Limit	4% * on Sanctioned Amount during Flexi Interest Only Loan Repayment Tenure; and 4%* on the available Flexi Loan Limit during Flexi Term Loan Tenure
Part Payment Charges	2% * on the Part- Payment Amount	NA	NA