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  • Schedule of Rates and Charges

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    Subham Upadhayay
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    The document outlines the rates of interest and charges for various loan products offered by a lender. Hypothecation loans have the highest rate of interest up to 32% per annum, while mortgage loans have the lowest up to 26% per annum. The effective interest rate varies based on the loan amount, product and facilities. Common charges across products include application fees of ₹500 plus taxes and processing fees up to 2.5% of the loan amount plus taxes. Late payment charges of ₹200 apply after 7 days of the due date. Pre-closure charges range from 5-7% of the outstanding loan amount.

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    Schedule-of-Rates-and-Charges

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    The document outlines the rates of interest and charges for various loan products offered by a lender. Hypothecation loans have the highest rate of interest up to 32% per annum, while mortgage loans have the lowest up to 26% per annum. The effective interest rate varies based on the loan amount, product and facilities. Common charges across products include application fees of ₹500 plus taxes and processing fees up to 2.5% of the loan amount plus taxes. Late payment charges of ₹200 apply after 7 days of the due date. Pre-closure charges range from 5-7% of the outstanding loan amount.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    3 views1 page

    Schedule of Rates and Charges

    Uploaded by

    Subham Upadhayay
    The document outlines the rates of interest and charges for various loan products offered by a lender. Hypothecation loans have the highest rate of interest up to 32% per annum, while mortgage loans have the lowest up to 26% per annum. The effective interest rate varies based on the loan amount, product and facilities. Common charges across products include application fees of ₹500 plus taxes and processing fees up to 2.5% of the loan amount plus taxes. Late payment charges of ₹200 apply after 7 days of the due date. Pre-closure charges range from 5-7% of the outstanding loan amount.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Schedule of Rates and Charges

    Rate of Interest
    Product ROI
    Hypothecation Loan (HL) Up to 32% per annum
    Quasi Mortgage Loan (QML) Up to 27% per annum
    Mortgage Loan (ML) Up to 26% per annum

    Effective rate on individual loans would vary based on product, loan amount and facilities like emergency loan
    reserve. Applicable effective rate on individual loans is communicated through sanction letter.

    Charges

    Parameter HL QML ML
    Application Fees ₹500 + applicable govt. taxes
    Processing Fee (PF) Up to 2.5% of Loan amount + applicable govt. taxes
    Franking Charges As per state act
    Loan Amount up
    Mortgage - Up to ₹ 1,250*
    to ₹ 2.0 lacs Up to ₹ 2,700 +
    legal & technical NA
    Loan Amount Up to ₹ 2,700 + applicable govt. taxes
    valuation
    above ₹ 2.0 lacs applicable govt. taxes
    PDC/ACH bounce charges ₹500 (Inclusive of taxes)
    Nil for first 7 Days
    Late Payment Charges
    Beyond 7 Days: ₹200 (Inclusive of taxes) i.e., on 15th of due month
    Pre-closure Charges 7% of OSP 7% of OSP 5% of OSP

    * Applicable only to Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.

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