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Charge Type -Home Loans /LAPDetails
Processing FeeUp to 3% of sanctioned amount + applicable taxes (this is inclusive of Login Fee)
Login FeeUp to Rs. 5000 (inclusive of applicable taxes) (non-refundable)
Repayment/EMI Bounce Charges
Charges in Rs.Loan sanction amount in Rs.
500< 5 lacs
10005 - 50 Lacs
1500> 50 Lacs - 2 Cr
2000> 2cr
Penal Charge/Late Payment Charge (LPC)2% per month (p.m.) on overdue EMI + applicable taxes
*LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec 2023
*Taxes applicable on LPC w.e.f.1st April 2024
Annual Maintenance chargesNA
Duplicate NOC Charges (Charge is applicable for paper copy post 3 free copies per customer) 250/- + applicable taxes
Repayment swap charges ( per swap) 500/- + applicable taxes
Charges for documents like Statement of Account/Repayment Schedule /Foreclosure Letter & Welcome KitNil
Valuation ChargesAs per actuals
Documentation ChargeAs per actuals
Cash pickup chargeNil
Interest Rate Conversion ChargeUp to 0.5% on Balance Loan Amt + applicable taxes (or) Minimum 10,000/– whichever is higher
List of documents 300/- +applicable taxes
Providing Photo copies of the documents (property & others) 500/- +applicable taxes
Charges incurred by LTF for initiating action under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002 · Issue of Loan Recall Notice = 500/ –
· Issue of Demand Notice = 1,000/ –
· Issue of Possession Notice = 2,000/ –
· Applying District Magistrate Order = 8,000/ –
· Taking Physical possession = 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 5000/- + applicable taxes
Foreclosure / Full Prepayment Charges – Home Loan For Individual / Non – Individual Borrowers –
• Floating Rate – Nil Charge
• Fixed Interest Rate –
• Less than 1 year from disbursement – upto 3% on principal outstanding + applicable taxes
• Post 1 year of disbursement - upto 2% on principal outstanding + applicable taxes
Pre-payment Charges – Home Loan For Individual / Non – Individual Borrowers –
• Floating Rate – Nil Charge
• Fixed Interest Rate –
• Less than 1 year from disbursement – up to 3% on Partial Prepayment amount + applicable taxes
• Post 1 year of disbursement – upto 2% Partial / Prepayment amount + applicable taxes
Switch Charges (Switch from floating interest rate to a fixed interest rate)Up to 1% on principal outstanding loan amount + applicable taxes (or) minimum 10,000/– whichever is higher
Non-Compliance ChargesUp to 1% p.a. of principal outstanding loan amount + applicable taxes

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Home Loan And LAP

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  • Disbursements at ₹7545 Cr in FY24
  • Home Loan Approval (login to sanction): 20 minutes against industry average of 2 days

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