| Scheme |
Asset Power (Reverse Mortgage Loan) |
| Loan Processing Charges |
- Up to 1% of the loan amount or Rs 10,000 (whichever is higher) + GST (as applicable).
- An upfront processing fee of INR 5,000 plus GST shall be collected at the time of application submission. The balance processing fee, as applicable, shall be collected at the time of loan disbursement.
- The processing fee is a non-refundable fees collected by the Bank for the purpose of reviewing the loan application and same is independent of the outcome of such assessment.
|
| Admin Charges |
INR 0/- |
| Pre- Prepayment/Foreclosure Charges |
No prepayment penalty/charge |
| No Due Certificate |
NA |
| Duplicate No Dues Certificate/NOC |
Rs. 50/- per instance |
| Solvency Certificate |
NA |
| Stamp Duty & other statutory charges |
As per applicable laws of the state |
| Cheque Bounce Charges |
Rs. 339/- per instance |
| Cheque/Instrument swapping charges |
Rs. 500/- per instance |
| Duplicate statement issuance charges |
Rs. 250 per instance |
| Issuance Charges for Photocopy of Title Deeds |
Rs. 500/- per document set |
| Credit Report Issuance Charges |
Rs. 50/- per instance |
| Switching Fees (Higher Floating Rate to Lower Floating Rate) |
Switching from the higher Floating Rate to Lower Floating Rate will attract an administrative charge of
| Principal O/s at the time of ROI conversion |
Charges |
| Upto 10 Lacs |
1000+GST |
| 10.01 Lacs to 30 Lacs |
2000+GST |
| 30.01 Lacs to 75 Lacs |
3000+GST |
| >75 Lacs |
5000+GST |
|
