Payable to Lenders (A) | Amount (in ₹) or Percentage (%) as Applicable | Payable to a third party through Lenders (B) | Amount (in ₹) or Percentage (%) as applicable |
---|---|---|---|
(i) Processing fees | One time: 4% of the Loan Amount | ||
(ii) GST on Processing Fee | One time: <GST on Processing Fees>% / Rs. <GST amount on Processing Fees> | ||
(iii) Insurance Premium Amount | One time: 0.476% of Loan Amount (Inclusive of GST) | One-time | Rs. <Insurance Premium including GST> |
(iv) Documentation Charges | NA | Nil | NA |
(v) GST on Documentation Charges | NA | Nil | NA |
(vi) MOTD charges | NA | Nil | NA |
(vii) Valuation Charges | NA | Nil | NA |
Description | Amount/Charges |
---|---|
(i) Penal Charges, if any, in case of delayed payment, per instance of default in payment under any of the Payment Methods | Rs. 1 per thousand per day (PTPD) on the Overdue amount. |
(ii) Bounce Charges, per instance of default in payment under any of the Payment Methods | Nil |
(iii) Other penal charges, if any | Nil |
(iv) Pre-closure/Foreclosure charges/Prepayment premium, if applicable | Nil |
(v) Repayment Bank Swapping Charges | Nil |
(vi) Recovery Charges (for instance charges for enforcement of security interest/legal action, as applicable) | Nil |
* The Company shall be permitted to levy any other charges in the nature of any statutory or regulatory requirement and in accordance with the Terms and Conditions mentioned in the loan documents if required.