| Description of Charges |
Education Loan |
| Loan Processing Charges |
Upto a maximum 2% of the loan amount |
| Prepayment (upto 6 months of repayment ) |
No pre-payment permitted
|
| Pre-payment charges (after 6 months of repayment) |
Upto 4% of the Principal Outstanding |
| No Due Certificate / No Objection Certificate (NOC) |
Nil |
| Solvency Certificate |
Not applicable |
| Charges for late payment of EMI |
@ 24 % p.a. on amount outstanding from date of default |
| Credit assessment charges |
Not applicable |
| Non standard repayment charges |
Not applicable |
| Cheque swapping charges |
Upto Rs. 500/- per event |
| Loan Re-Booking / Re-Schedulement Charges |
Upto Rs. 1000/- |
| Bounce Cheque Charges |
Upto Rs. 450/- per Bouncing |
| Legal / incidental charges |
At actual |
| Stamp Duty & other statutory charges |
As per applicable laws of the state |
