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Fees & Charges for Commercial Vehicle Finance
Description of charges
Commercial Vehicles Finance
Cheque bouncing charges
Rs. 450
FC Charges
4 % of POS for preclosures with 1 year from 1st EMI
2% of POS for preclosures after 1 year from 1st EMI
Stamp Duty
At actuals
Late Payment Penalty
2% per month on unpaid EMI
Processing fees
New Loans: 1.50% of the Loan Amount
3 Wheelers / Used Loans - 1.5% of the Loan Amount
Service Charges
1.5% of the Loan Amount
Valuation charges
Used Vehicles only - At actuals
Asset verification charges
At Actuals
Cheque Swaping charges
Rs. 500/- per swap
Rebooking charges
Rs. 1000/-
Loan Cancellation charges
Rs. 2000/-
applicable from 1st May 2007.
Loan Reschedulement charges
0.25% on the Amount paid towards principal loan
Loan Statement/Duplicate Statement charges
Rs. 500/-
Legal/Collection/Repossession and Incidental charges
At Actuals
Transaction / Other Fees for Non PDC cases
up to Rs. 50/- per cheque leaf (Non Refundable)
applicable from 29 Sep'08.
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