Home Loan Starting 6.70%*

Loan Against Property For Professionals Interest Rates

Loan Against Property For Professionals – 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.

Prepayment and Foreclosure Charges

BORROWER TYPE: INDIVIDUAL	TERM LOAN	FLEXI LOAN
Time Period (months)	>1	>1
Foreclosure Charges	Nil	Nil
Part Payment Charges	Nil	Nil

*For purposes other than business

BORROWER TYPE: NON-INDIVIDUAL	TERM LOAN	FLEXI LOAN
Time Period (months)	>1	>1
Foreclosure Charges	4%* on the Principal Outstanding	4%* on the Sanctioned Amount during the Flexi Interest Only Loan Repayment Tenor; and 4%* on the available Flexi Loan Limit during the Flexi Term Loan Tenor
Part-Payment Charges	2%* on the Part-Payment Amount	NA

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Last update on 24-Dec-2021

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