FEATURES
FEES & CHARGES
Description of charges | Commercial/Construction Equipment Finance |
---|---|
Cheque bouncing charges | Rs. 550/- per instance |
Premature Closure charges* | 4 % of POS (Principle Outstanding) for preclosures N |
Stamp Duty | At actual |
Delayed instalment payment charge | 1.5% per month (18% p.a) on overdue istalment amount |
Processing fees | New/Used Loans: Upto 1.5% of the loan amount |
Asset verification charges | At Actual |
Loan Cancellation charges | In the event of cancellation of loan, interest |
Legal/Collection/Repossession and Incidental charges | At Actual |
Service/Documentation charges | upto 1.5% of the Loan amount |
Issuance of Duplicate NOC and Special NOC Charges | Rs 500/- wil be charged for Physical copy |
Cheque Swap Charges | Rs.500/- per transaction |
Repayment Schedule Charges | Rs. 200/- per schedule |
Rebooking Charges | 1000/- |
Bank IRR & Annual Percent Rate(APR) offered for loans extended to individual customers - Quarter ended Jan to Mar 2024
Product | Bank IRR | APR | ||||
Min | Max | Avg | Min | Max | Avg | |
COMMERCIAL EQUIPMENT LOAN | 8.60% | 15.56% | 9.88% | 8.60% | 15.56% | 9.88% |
Property Document Retention Charges @ Rs 1,000 + Taxes per calendar month, after 2 calendar months from the date of closure of all loans/facilities linked to the collateral.
Any payment above Rs. 49000/- should be made vide Account payee Cheque / Pay order /Demand draft.
* NIL foreclosure charges / pre-payment penalties on all floating rate term loans sanctioned to individual borrowers, with immediate effect. Service Tax is also applicable over and above the regular charges.
Where borrower is Micro and Small Enterprises, no prepayment penalty on prepayment of floating rateloans will be charged irrespective of the reference rate used for floating rate loan and irrespective of source of funds (own source of funds or balance transfer from another Bank)
Above charges are exclusive of Government Charges/Taxes and Charges/Taxes will be charged extra
Where can I get a Commercial/Construction Equipment Loan?
Here is the List of PhoneBanking Location or Write to Praveen Nair on Praveen.nair2@hdfcbank.com or Call on 022 33958076