Two Wheeler Loan - Schedule of Charges
PARTICULARS | CHARGES | PARTICULARS | CHARGES |
|---|---|---|---|
| Bounce charges/ Instruction Revocation Charges / Dishonor charges | Rs. 500/- per bounce | Loan Suraksha premium | As per actual amount |
| Cheque Swapping charges | Rs. 500/- per swap | Loan statement charges | Rs. 250/- |
| Foreclose Statement Charges | Rs. 500/- | Stamp Duty Charges | As per actual amount plus handling charges |
| Valuation Charges | Not Applicable | Duplicate NOC issuance charges | Rs. 1,000/- |
| Collection Charges | Rs. 250/- if delay in deposit of EMI by more than 14 days from the due date | Legal and courier charges | Rs. 1,000/-, once in whole tenor, if collection charges are levied |
| HPN deferral charges | Not Applicable | Late Payment Charges | 3% per month of Amount Due (Overdue EMI) |
| Insurance Transfer Charges | Not Applicable | Loan Cancellation charges | upto Rs. 10,000/- |
| RTGS/NEFT Charges | Rs. 100/- on every RTGS/NEFT transaction of disbursement | RC extract charges | As per actual amount |
| Collection visit charges | Rs. 250/- per visit upto 2 times in a month | Third party insurance charges | Not Applicable |
| NACH rejection charges | Rs. 1000/- once in whole tenor post rejection of NACH mandate | Prepayment/foreclosure charges | 5% of principal outstanding |
| Processing Fee | Upto 4% of the sanctioned amount | Insurance payable charges (if any) | As per actual amount |
| RTO Payable Charges | As per actual amount | Deferral charges | Not Applicable |
| Part prepayment charges | 5% of the part principal prepaid | Any regulatory/ statutory reporting charges | As per actual amount |
| SMS alert charges | Rs. 15/- per quarter | Other Charges* | As per actual amount |
| Revalidation of NOC | Rs. 500/- | Default Period Interest | Interest on Amount due (Overdue EMI) at the contracted rate of interest till such default is cured by the Borrower |
Note:-
- Applicable GST charges shall be levied as per the statutory requirement.
- *The Company shall be permitted to levy any other charges in the nature of reimbursement from the customer like seizing charges, legal charges, RTO charges etc. including applicable taxes. The Company may levy any additional charges on cases to case basis as defined in the term of agreement.
