Home Loan EMI Calculator

Particulars

Up to Rs.

Remarks

Processing Fees

Up to 3% of loan amount. Upfront PF / IMD to be paid at the time login and balance at the time of loan agreement execution

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1) Duplicate No Objection Certificate Issuance Charges

2) Document retrieval charges (per physical document)

3) EMI Pick up/ Collection Charges

₹ 500

1) Request in addition to bank’s issued letter

2) Per retrieval request

3) Per Pick up /collection

EMI Bounce charges per presentation

7.5% of EMI bounced with minimum charge of Rs. 400 & maximum of Rs. 1000 (excluding GST)

*Revised bounce charges are effective from April 1, 2025

For each presentation dishonoured

Cheque/ Instrument Swap charges (per swap)

NIL

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1) Copies of documents

2) List of Documents

3) Repayment Schedule

4) Statement of Account

Soft copy - NIL

Physical copy ₹ 500

1) Per request for copies

2) Per request of list of documents

3) Per physical repayment schedule request

4) Per physical Statement of Account request

1) Stamp Duty & other statutory charges

2) Equitable mortgage creation charges

3) Equitable mortgage cancellation charges

As applicable for each state

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MCLR to EBR type

NIL

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Cancellation & Rebooking Charges

1% of the loan amount + interest from date of disbursal till receipt of cancellation request

Cancellation request to be received within 30 days or 1st EMI presentation date, post which cancellation will be treated as foreclosure

Switch Fees (For rate repricing)

Upto 2%

Re-pricing Fee will be charged on loan outstanding. At the request of the borrower, bank at its sole discretion may permit the borrower for repricing of the loan

Switch Fee (For interest type)

• Switching from Floating Rate of interest to Fixed rate of interest: 0.1% of principle outstanding amount or Rs.10,000/- whichever is lower, excluding applicable taxes.

• Switching from Fixed Rate of interest to Floating Rate of interest will attract a fee of upto 2% of the principle outstanding amount.

• Switching from higher Fixed Rate of interest to lower Fixed Rate of interest will attract a fee of upto 1 % of the principle outstanding amount.

Note: Interest rate type can be switched two times during the entire tenure of the loan. Once interest rate is switched from floating rate to fixed rate, it will not be allowed to switch back to floating rate for minimum three years from the date of switch.

Penal Charges for Delay of Payment (Non payment of EMI/ installment/ amount payable). Penal charges will be levied to customer post expiry of grace period of 7 days

2% per month of the unpaid EMI or Rs 300 whichever is higher.

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Incidental charges & Expenses

Incidental charges & expenses are levied to cover the costs, charges, expenses and other monies that may have been expended in connection with recovery of dues from a defaulting customer. Charged on actuals

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Foreclosure / Prepayment / Part Payment charges

For loans having floating rate of interest :

i. Foreclosure / Prepayment/ Part Payment charge: NIL

For loans having fixed rate of interest for entire tenure:

i. Foreclosure / Prepayment/ Part Payment charge: Upto 2% of the principle outstanding amount, excluding applicable charges/taxes.

For loans having hybrid rate of interest:

i. If Foreclosure/ Prepayment/ Part Payment is done during floating rate: NIL

ii. If Foreclosure/ Prepayment/ Part Payment is done during fixed rate: Upto 2% of the principle outstanding amount, excluding applicable charges/taxes

Reset Frequency

Loans booked from 1st October 2019 onwards which are linked with EBR (External Benchmark Rate) would be reset every 3 months.

Insurance

Specialized insurance products funded with Home Loans

Initial Money Deposit/ Application Fees (Non-refundable)

Upto 5000 IMD/Application Fees is part of Processing fees

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Technical Bounce Charges

Charge rates would be same as applicable under EMI bounce

charges

Mandate Rejection technical Bounce Charges (for mandate

rejected by your bank, to be charged for each month from 3rd

consecutive bounce month onwards until the mandate is

registered).

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Loan rescheduling charges (per rescheduling)

NIL

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