| Description of Charges |
Two Wheeler Loans |
| Loan Processing Charges |
Maximum - 4% of Loan Amount or Rs.600/- whichever is higher |
| Pre-payment charges |
Within 7 months to 12 months from the 1st EMI
- 6% of principal outstanding
13-24 months from 1st EMI - 5% of principal outstanding
Post 24 months from 1st EMI - 3% of principal outstanding
Prepayment is not allowed within six months of EMI repayment |
| 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.750/- |
| Non standard repayment charges |
Rs 250/- |
| Outstation clearing charges |
Rs 25/- per cheque |
| Cheque swapping charges |
Rs 500/- |
| Loan cancellation / re-booking charges |
Rs 1000/- |
| Bounce Cheque Charges |
Rs 450/- |
| Duplicate Repayment Schedule charges |
Rs 500/- |
| Legal, Repossession & Incidental charges |
At actuals |
| Direct Sourcing Charges |
Upto Rs.750/- per vehicle |
| Transaction Fee for Suraksha Kavach |
Rs 100/- per Cover Note Issued |
| Service Charges |
Rs 50/- |
| Special NOC |
Rs. 500/- per request |
| PDD Charges |
Upto Rs.125/- |
| CIBIL Charges (only on request) |
Rs. 50 |
