Description of charges
New 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
Late Payment Penalty
2% per month
Processing fees
Upto 2.5 Lacs : Rs.2000/-, 2.51 to 4 lacs : Rs.3000/-,> 4 Lacs :Rs. 3500/-
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/-