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.

FORECLOSURE CHARGES

For Term Loan, charges are calculated on the outstanding principal.

For Flexi Interest-only Loan, charges are calculated on the sanctioned limit.

For Flexi Term Loan, charges are calculated on the current dropline limit.

Individual: Floating rate	Time Period (Months)	Part-prepayment Charges
Individual: Floating rate	>1	NIL
Non-Individual: Floating rate	>1	2% plus applicable taxes
All borrowers: Fixed rate	>1	2% plus applicable taxes