LAP Retail

S. No

Charge Name

Charges

i.

Processing Fee*

Upto 2% of Loan Amount + Applicable taxes

ii.

Account Maintenance Fee (For on MSME Loans up to Rs. 5 Lakh)

Upto 2% of Loan Amount + applicable taxes

iii.

Pre Closure Charges (Loan Priced at Fixed Rate of Interest)

iv.

Part Prepayment Charges (Loan Priced at Fixed Rate of Interest)

4% of the Pre-Payment amount towards principal and applicable taxes

v.

Cheque /NACH/ SI  Bouncing Charges

Rs. 300 + Applicable taxes

vi.

Penal Interest on Overdue EMI

2% month  on the Overdue EMI for the Overdue Period

vii.

Legal/Valuation Charges

As per actuals

viii.

Duplicate Interest and Principal Certificate issuance Charge

Rs. 250 + Applicable taxes

ix.

Duplicate No dues Certificate / NOC issuance Charges

Rs. 250 + Applicable taxes

x.

Swap Charges (Cheque/Instrument)

Rs. 500/- per occasion of swapping of the ECS mandate/NACH/ Standing instruction mandate+ Applicable taxes

xi.

Duplicate statement issuance Charges

Rs. 250/- per instance per set + Applicable taxes

xii.

Charges for subsequent set of Photocopy of loan agreement/ documents where requested by Borrower

Rs. 250/- per instance per set + Applicable taxes