Education Loan Fees and Charges, Avail Loans at Low Interest Rate and Processing Fees

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Fees & Charges

Loan	Education Loan
Interest Rate	Maximum upto 16%
Loan Processing Charges	-
Documentation Charges	-
Stamping Charges	Applicable as per the respective State's Stamp Act
Credit Administration Charges	-
Credit Appraisal Charges	-
Commitment Charges	-
Overdue Interest	3% of Overdue Amount, compounded monthly on the amount due but unpaid from the date of the amount falling due till the date of actual payment
Collection Charges	30%(inclusive of GST and other applicable statutory levies)of cheque/instrument dishonour charges+ overdue interest
Dishonour Charges Per Instance	Rs. 750.00 per instance(inclusive of GST and other applicable statutory levies)
Swap Charges( Replacement of PDCs)	Up to Rs. 500 per Swap per Instance+ GST and other applicable statutory levies
Prepayment Interest / Forclosure Charges	Lock in period for 12 months. After 12 months, 5% foreclosure charges + GST on principal outstanding
Duplicate Issue of NOC	Rs. 500 + GST and other applicable statutory levies per instance
Solvency Certificate	-
No Due Certificate	Rs. 500 + GST and other applicable statutory levies per instance
Charges for furnishing a copy of the credit information report (CIBIL) to the applicant.	Rs. 50 + GST and other applicable statutory levies per instance
Charges applicable in case customer requests for copies of records pertaining to his transactions ( SOA / Amortization Schedule)	-
APAC Reschedulement	-
Part Foreclosure Charge	-
Part Foreclosure Charge	-
Payment Processing Charge	-
Valuation Charges for Used/RF Vehicles	-
Valuation Charges for Used/RF Vehicles	-
Repossession Charges	-
Credit Adminstration Charges	-
Duplicate Foreclosure Statement Charges	-
NOC for National Permit	-
NOC for State Permit	-
NOC for Change in Body Type	-
Rebooking of Loans (due to change in borrowing structure, change of property / Asset / Collateral etc.)	-
Change in Installment Due Date	-
Change in Property / Asset / Collateral	-
Copy of Any Property/Loan Document	-
Asset Verification Charges - Immovable Assets	-
Legal / Incidental Charges*	-
NOC to Convert From Private to Commercial Registration	-
NOC to Convert From Commercial to Private Registration	-
Re-issuance of Pay Order	-
Non Compliance with Sanction Terms and Conditions	-
End-use Certificate Delays	-
Net Worth Statements Delays	-
*Taxes as applicable
"Blank / -" denotes that these charges are not applicable to the concerned business division

Education Loan

Fees & Charges

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