| Description of charges |
Used 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 |
Used cars -2% of loan amount or Rs.4000/-, whichever
is lower |
| Cheque swapping charges |
Rs 500/- |
| Loan cancellation / re-booking 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.
|
