Individual Loans Non-Individual Loans
Pre-payment charges to be Nil in Floating Rate Loans Pre-payment charges for amount upto 25% of Principal Outstanding to be Nil in any Financial Year. All pre-payments made within last 12 months to be included to decide the total pre-payment amount and corresponding charges applicable
Pre-payment charges to be Nil during the Floating ROI tenor of Semi- Fixed Loans Pre-payment charges (part/ full) to be 5% from 13- 24th month from the date of 1st disbursal
Prepayment charges to be Nil during the Fixed ROI tenor of Semi- Fixed Loans; provided same is prepaid from Own Funds Pre-payment charges (part/ full) to be 3% from 25th month onwards from the date of first disbursal
Prepayment charges norms for Non-Individual Loans to apply to Individual Loans if loan is prepaid during the Fixed ROI tenor of Semi- Fixed Loans and from other than “Own Funds” Part-prepayment amount to be minimum 3 EMI equivalent amount
Part-prepayments allowed 4 times in any Financial Year, once every quarter
Charges mentioned in Loan Agreement, if otherwise, will supersede the above charges
All applicable fees & charges are subject to levy of Service Tax and Surcharge, and is payable in addition to the prescribed fees/ charges.