| Description of charges |
Used Car Loans |
| Cheque bouncing charges |
Rs. 450 |
| 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.5000/-, whichever
is lower |
| Car-n-cash / Balance Transfer - 2% of Loan amount
or Rs.4000/-, whicever is lower |
| Agri /PSL Charges |
Rs 2000 |
| 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 |
| Duplicate no due certificate / NOC |
Rs 500/- |
| Transaction fees for Suraksha Kavach |
Rs 500/- per case |
| Original RC Book Handling Charges |
Rs. 500/- Per RC book |
