Loan Against Property Top Up

Processing Fees / Documentation Charges:

Up to 3% of sanctioned amount + applicable taxes (this is inclusive of Login Fee)

Login Fees

Up to ₹ 5000 (inclusive of applicable taxes)(non-refundable)

EMI Dishonour/Bounce Charge*
*A bounce charge is a charge for
(i) dishonour of any repayment instrument; or
(ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate

As shown in the table below

Late Payment Charges/ Penal Charges:

• 2% per month on overdue EMI + applicable taxes

• *LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec 2023

• *Taxes applicable on LPC w.e.f. 1st Apr 2024

Annual Maintenance Charges (applicable only for Dropline Overdraft and Hybrid Overdraft):

Up to 0.25% + GST of Dropline Limit available at start of each year (i.e. first on 13th Month and then every anniversary thereon)

Duplicate NOC Charges:

First 3 paper copies - free of cost
₹ 250/- + applicable taxes

Repayment Swap Charges (per swap):

Charges for documents like Statement of Account/ Repayment Schedule /Foreclosure Letter & Welcome Kit:

Physical copy at a charge of Rs.500/- + GST per statement/letter /certificate. Digital is NIL

Valuation Charges:

As per actuals

Documentation Charges:

As per actuals

Cash Pickup Charges:

Nil

Interest Rate Conversion Charge:

Up to 0.5% on Balance Loan Amt + applicable taxes (or) Minimum Rs.10,000/– whichever is higher

List of documents:

₹ 300/ – +applicable taxes

Providing photo copies of the documents (property & others):

₹ 500/ – +applicable taxes of the documents (property & others)

Charges incurred by LTF for initiating action under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002:

Legal / Recovery Charges (Other than pertaining to SARFAESI):

As per actuals

Loan Cancellation Charges:

₹ 5000/ – + applicable taxes

Recovery of proportionate actual expenses from disbursement date(s), from individual borrower(s) in:

LAP – Up to 1% of total disbursed loan amount + applicable taxes in case of closure within 24 months

Foreclosure / Full Prepayment Charges:

Pre-payment Charges – Loan Against Property:

Foreclosure / Full Prepayment Charges – for Dropline Overdraft / Hybrid Overdraft

Pre-payment Charges – – for Dropline Overdraft / Hybrid Overdraft:

Not allowed till the day after the First Due Date. No Charges applicable from the day after the First Due Date Part pre-payment of Loan toward limit reduction is not available

Switch Charges (Switch from floating interest rate to a fixed interest rate):

Up to 1% on principal outstanding loan amount + applicable taxes (or) minimum Rs.10,000/– whichever is higher

Non-Compliance Charges:

Up to 1% p.a. of principal outstanding loan amount + applicable taxes

Breakup between Principal & Interest:

As per Repayment Schedule

Example of SMA/ NPA classification:

More particularly mentioned under “Classification of Assets” under the head “Miscellaneous”