| Description of charges |
New Car Loans |
| FC Charges |
6 % of POS for preclosures within 1 year from 1st
EMI
5% of POS for preclosures within 13-24 months from 1st EMI
3% of POS for preclosures post 24 months from 1st EMI
No foreclosure allowed within 6 months from date of availing the car
loan |
| Stamp Duty |
At actuals |
| Late Payment Penalty |
2% per month |
| Processing fees |
Upto 2.5 Lacs : Rs.2625/-
Over Rs.2.5 lacs upto 4 Lacs : Rs.3650/-
Over Rs.4 lacs to 5 Lacs :Rs.4100/-
Over Rs.5 lacs upto 10 Lacs :Rs.4450/-
Over 10 Lacs: Rs.4950/- |
| Cheque swapping charges |
Rs 500/- |
| Loan cancellation / re-booking charges |
Charges Rs.1000/-
In the event of cancellation, both, cancellation and interest charges
will be borne by the customer.
|
| Duplicate Repayment Schedule charges |
Rs 500/- |
| Legal, Repossession & Incidental charges |
At actuals |
| Duplicate no due certificate / NOC |
Rs 500/- |
| Transaction fees for Suraksha Kavach |
Rs 500/- per case |
| Loan Reschedulement charges |
As applicable at the time of reschedulement |
| Special NOC |
Rs. 500/- per request |
Interstate NOCs
In the event of a Borrower requiring a NOC for purpose of interstate registration, in the event of a transfer of employment or any other reason, fees of Rs 500 along with a refundable Fixed Deposit of Rs 5000 will be charged.It will be the borrower's responsibility to provide the transferred Registration certificate to the bank.
We advise our customers to only deal with the Bank empanelled
Direct sales associates.The Bank shall take no responsibility for any
transactions undertaken by the borrower with any unempaneled direct
sales associates,who may claim association with the Bank.
It is also advised,that the customers should refrain from any
dealings in cash with the Bank's Direct Sales associates .Borrowers
should also not make any payments in cash/bearer cheque or kind in connection
with the loan,to the executive,dealing with the borrower for purpose
of the loan.
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