Processing Fee

Upto 3% on Sanctioned Amount + applicable taxes

Repayment bounce charges

Rs.1,000/ - + applicable taxes if any

Late payment interest

3% per month on overdue EMI

Annual Maintenance charges

NA

Duplicate NOC charges
(Charge is applicable for paper copy post 3 free copies per customer)

Rs 250/-+ applicable taxes

Repayment swap charges ( per swap)

Rs 500/- + applicable taxes

Additional documents charges -SOA/RPS /FC letter /Interest Certificate

Nil

Documentation Charge

As per actuals

Cash pickup charge

Nil

Interest Rate Conversion Charge

Upto 0.5% on Balance Loan Amt + applicable taxes (or)
Minimum Rs.1,000/ -

List of documents

Rs. 300/ - +applicable taxes

Providing Photo copies of the documents

Rs. 500/ - +applicable taxes

Charges incurred by LTFL for initiating action under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002

· Issue of Loan Recall Notice = Rs. 500/ -

· Issue of Demand Notice = Rs. 1,000/ -

· Issue of Possession Notice = Rs. 2,000/ -

· Applying District Magistrate Order = Rs. 8,000/ -

· Taking Physical possession = Rs. 20,000/ -

Actual cost incurred will be debited for expenses pertaining to Publication of Possession Notice / Publication Demand Notice / Publication of Sale cum Auction Notice.

Legal / Recovery Charges (Other than pertaining to SARFAESI)

As per actuals

Loan Cancellation Charges

Rs. 5000/ - + applicable taxes

Recovery of proportionate actual expenses from disbursement date(s), from individual borrower(s) in

Home Loan - Upto 0.75% of total disbursed loan amount + applicable taxes in case of closure within 18 months

LAP - Upto 1% of total disbursed loan amount + applicable taxes in case of closure within 24 months

Foreclosure Charges /Pre-payment Charges- Home Loan

For Individual Borrowers -

Floating Rate - Nil Charge

Fixed Interest Rate - other than own source of funds.

Less than 1 year from disbursement - upto 3% on principal outstanding/Partial / Prepayment amount+ applicable taxes

Post 1 year of disbursement - upto 2% on principal outstanding/Partial / Prepayment amount + applicable taxes

For Non - Individual Borrowers - (Applicant/Co - applicant)

· Fixed & Floating rate loan -

Less than 1 year from disbursement - upto 3% on principal outstanding/Partial / Prepayment amount + applicable taxes

Post 1 year of disbursement - upto 2% on principal outstanding/Partial / Prepayment amount + applicable taxes

Foreclosure Charges / Pre-payment Charges - Loan Against Property

For Individual Borrowers -

· Floating Rate - Nil Charges

· Floating Rate - for cases where end use of land is for business/commercial purpose

Less than 1 year from disbursement - upto 3% on principal outstanding/Partial / Pre - payment amount + applicable taxes

Post 1 year of disbursement - upto 2% on principal outstanding / Partial / Pre - payment amount + applicable taxes

· Fixed Rate -

Less than 1 year from disbursement - upto 4% principal outstanding/ Partial / Pre - payment amount + applicable taxes

Post 1 year of disbursement - upto 3% on principal outstanding / Partial / Pre - payment amount + applicable taxes

For Non - Individual Borrowers - (Applicant/Co - applicant)

· Fixed/Floating rate loan -

Less than 1 year from disbursement - upto 4% principal outstanding / Partial / Pre - payment amount + applicable taxes

Post 1 year of disbursement - upto 3% on principal outstanding Partial / Pre - payment amount + applicable taxes