Description of charges
Personal Loan
Loan Processing Charges
Upto a maximum 2% of the loan amount
Pre-payment charges
Upto 4% of the Principal Outstanding
No Due Certificate / No Objection Certificate (NOC)
Nil
Solvency Certificate
Not applicable
Charges for late payment of EMI
@ 24 % p.a. on amount outstanding from date of default
Credit assessment charges
Not applicable
Non standard repayment charges
Not applicable
Cheque swapping charges
Upto Rs. 500/- per event
Loan cancellation / re-booking charges / Re-scheduling
Upto Rs. 1000/-
Bounce Cheque Charges
Upto Rs. 450/- per Bouncing
Statement Charges (per statement) / Repayment Schedule
Upto Rs. 500/-
Legal / incidental charges
At actual