| Type |
Charges |
| Cheque Bounce / Instrument Return Charges |
Rs 339/ Instance |
| Cheque / Instrument Swap Charges |
Rs 500/ Instance |
| Duplicate Statement issuance charges |
Rs 250/ Instance |
| Duplicate Repayment Schedule issuance charges |
Rs 250/ Instance |
| Duplicate No Dues Certificate / NOC |
Rs 50/ Instance |
| Penal Charges |
Financial Default*: 8% p.a. above applicable interest rate on the overdue amount (subject to the aggregate not exceeding 24% per instance).
There shall be no capitalisation of Penal Charges.
Financial Default includes all types of payment or financial defaults/irregularities with respect to your Loan Account. |
| Part-Prepayment Charges |
4.00% of part payment amount |
| Foreclosure charges for the entire tenure |
4.00% of outstanding Loan amount |
| Loan cancellation / Re-booking |
Rs 500/ instance |
| Stamp Duty |
On Actuals |
| Issuance of Credit Report |
Rs 50/ Instance |
| Processing Fees |
| New Tractor Loan |
Up to 2% +GST |
| Used Tractor Loan |
Up to 2.5% +GST |
|
| Interest rate(For Loans with tenure upto 36 months ) |
| Fixed Rate Loan |
1 year MCLR |
Spread over 1 year MCLR |
Effective Interest Rate
|
Reset |
| New Tractor Loan |
8.80% |
8.70% - 11.20% |
17.50% - 20.00% |
No Reset |
| Used Tractor Loan |
8.80% |
9.20% - 15.20% |
18.00% - 24.00% |
No Reset |
|
| Interest rate(For Loans with tenure more than 36 months) |
| Fixed Rate Loan | Effective Interest Rate
|
| New Tractor Loan |
17.50% - 20.00% |
| Used Tractor Loan |
18.00% - 24.00% |
|
| Valuation charges |
(Rs.200 - 650 ) + GST *Applicable to customer whose loan got sanctioned and to be deducted at the time of disbursement. |
