Most Important Terms and Condition

Fees & Charges

Loan Against Property

Drop-line Overdraft Against Property

Processing Fees

1.25% of loan amount

1.25% of loan amount

Adminstrative Charges (non refundable)^

INR 2,500

INR 2,500

Legal & Valuation Charges (non refundable)

INR 7,500 for Mumbai, INR 6,000 for Other locations

INR 7,500 for Mumbai, INR 6,000 for Other locations

Charges for late payment of EMI/Over utilization of limit

2% additional interest per month on overdue amount

2% additional interest per month on overdue amount

Charges for CIBIL report

INR 100 per report

INR 100 per report

CERSAI Charges

INR 100 per instance

INR 100 per instance

Physical Statement of Account

INR 250 per instance

INR 250 per instance

Physical Repayment Schedule

INR 250 per instance

INR 250 per instance

Issue of Duplicate Interest & Principal Certificate

INR 250 per instance

INR 250 per instance

Duplicate no due certificate / NOC

INR 250 per instance

INR 250 per instance

  Cheque swapping charges

INR 500 per instance

INR 500 per instance

Retrieval / Issuance of photocopies of property documents

INR 500 per instance

INR 500 per instance

List of documents

INR 500 per instance

INR 500 per instance

Bounce Charges

INR 500 per instance

NIL

Account renewal charges

Not Applicable

0.25% of active limit or INR 5,000 whichever is lower

Part Pre-payment / Foreclosure Charges (For Individual Borrowers with purpose other than business)

NIL

4% on active Limit
Note: The foreclosure charges are not applicable to facility sanctioned to MSEs with
a. Floating interest rate loans irrespective of the loan amount
b. Fixed interest rate Loans upto INR 50 lacs loan amount

Part Pre-payment / Foreclosure charges (For Individual borrowers with business purpose/ all Non Individual borrowers / fixed rate loans)

4% on part pre-payment amount/principal outstanding
Note: The foreclosure charges are not applicable to facility sanctioned to MSEs with
a. Floating interest rate loans irrespective of the loan amount
b. Fixed interest rate Loans upto INR 50 lacs loan amount

4% on active Limit
Note: The foreclosure charges are not applicable to facility sanctioned to MSEs with
a. Floating interest rate loans irrespective of the loan amount
b. Fixed interest rate Loans upto INR 50 lacs loan amount

Limit Reduction Charges

Not Applicable

4% of the limit reduction amount

Rate switch / change charges

0.5% on principal outstanding or INR 50,000 whichever is lower

0.5% on active limit or INR 50,000 whichever is lower

Property Swap Charges

0.1% of loan amount or INR 10,000 whichever is higher

0.1% of loan amount or INR 10,000 whichever is higher

Loan Cancellation Charges

INR 5,000 + interest charges upto cancellation date

INR 5,000 + interest charges upto cancellation date

Commitment Charges

Not Applicable

Minimum quarterly* average utilization of 25% of the active limit. If the quarterly average utilization is below 25% of the active limit, then commitment charges of 2% of the shortfall in utilization.

^For disbursed cases these charges will be adjusted in the PF collected

*Quarter refers to every 90 day block starting from the account open date