For Loans with tenure up to 36 months
| 1 Yr MCLR | Spread over MCLR | Effective ROI | Reset |
|---|
| 9.30% | 1.70% | 11% onwards | No Reset |
For Loans with tenure over 36 months
ROI would vary basis vehicle model.
| Type
| Charges |
|---|
| ROI | 11% onwards |
| Processing Fee | 0.5% of Loan Amount (LA) |
| Documentation Charges | Rs 750/-
|
| Cheque Bounce/ EMI Return Charges | Rs 339/- Per Instance |
| Cheque / Instrument Swap Charges | Rs 500/- Per Instance |
| Duplicate Statement Issuance Charges | Rs 250/- Per Instance |
| Duplicate Repayment Schedule Issuance Charges | Rs 250/- Per Instance |
| Duplicate No Dues Certificate / NOC
| Rs 50/- Per Instance |
| Penal Charges | ^Financial Default: 8% p.a. above applicable interest rate on the overdue amount (subject to the aggregate not exceeding 24% per instance) |
| Part-payment charges | 5% of part payment amount |
| Fore Closure Charges |
5% of Principal Outstanding |
| Stamp Duty | At Actuals |
| Issuance of Credit Report | 50/- Per Instance |
| PDD Collection Charges | Rs.200/- |
| Legal, Repossession or incidental charges | At Actuals |
| Loan Cancellation / Re-booking charges | Rs. 550/- per case
|
| Issuance charge for photocopy of Loan Agreement / Documents | Rs 250/- Per instance
|
* All of the above charges are subject to change as per Bank's discretion from time to time
* Goods and Service tax as applicable will be levied
* Part payment will be allowed twice in a loan calendar year and once in loan calendar month
* The minimum amount accepted for part payment will be equal to one EMI & maximum amount will be 25% of balance principal in one year
*There shall be no capitalisation of Penal Charges.
*^Financial Default includes all types of payment or financial defaults/irregularities with respect to your Loan Account.
