| Description of Charges |
Two Wheeler Loans |
| Loan Processing Charges |
Upto 4% of Loan Amount |
| Pre-payment charges |
6% of POS for preclosures within 1 year from 1st
EMI 5% of POS for preclosures with 13-24 months from 1st EMI 3% of POS
for preclosures post 24 months from 1st EMI. No forreclosure allowed
within 6 months from date of availing the Two Wheeler loan. |
| No Due Certificate / No Objection Certificate (NOC) |
Nil |
| Duplicate no due certificate / NOC |
Rs 250/- |
| Solvency Certificate |
NA |
| Charges for late payment of EMI |
2.5% Per Month on the Unpaid Installment |
| Charges for changing from fixed to floating rate of interest |
NA |
| Charges for changing from floating to fixed rate of interest |
NA |
| Stamp Duty & other charges |
As per applicable laws of the state |
| Credit assessment charges |
Upto Rs.500/- |
| Non standard repayment charges |
Rs 250/- |
| Outstation clearing charges |
Rs 25/- per cheque or as per actuals whichever is higher |
| Cheque swapping charges |
Rs 500/- |
| Loan cancellation / re-booking charges |
Rs 1000/- |
| Bounce Cheque Charges |
Rs 450/- |
| Statement Charges (per statement) |
Rs 500/- |
| Duplicate Repayment Schedule charges |
Rs 500/- |
| Legal, Repossession & Incidental charges |
At actuals |
| Direct Sourcing Charges |
Upto Rs.1000 per vehicle |
| Transaction Fee for Suraksha Kavach |
Rs 100 per Cover Note Issued |
