Charge Type -Home Loans /LAP | Details |
---|---|
Processing Fee | Upto 3% on Sanctioned Amount + applicable taxes |
Repayment bounce charges | Rs.1,000/- + applicable taxes |
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 |
Valuation Charges | As per actuals |
Documentation Charge | As per actuals |
Cash pickup charge | Nil |
Interest Rate Conversion Charge | Rs. 1000+GST |
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 / Full Prepayment 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 + applicable taxes • Post 1 year of disbursement - upto 2% on principal outstanding + applicable taxes For Non – Individual Borrowers – (Applicant/Co – applicant) • Fixed & Floating rate loan – • 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 Borrowers – • Floating Rate – Nil Charge • Fixed Interest Rate – other than own source of funds. • Less than 1 year from disbursement – upto 3% on Partial / Prepayment amount + applicable taxes • Post 1 year of disbursement – upto 2% 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 Partial / Prepayment amount + applicable taxes • Post 1 year of disbursement – upto 2% Partial / Prepayment amount + applicable taxes |
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