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APPLICABLE FOR RESIDENT / NON-RESIDENT INDIAN NATIONALS
Interest Rates:
| Housing loans | Starts from 8.80%* onwards |
| Loan Against Housing Property | Starts from 10.80%* onwards |
| Commercial Loans | Starts from 14.95%* onwards |
FEES UPTO LOAN AMOUNT RUPEES THREE CRORE:
| Sr.No. | Loan Product | Loan Type | Processing Fees | Administrative Fees* |
| 1 |
|
Home Loans | Rs. 2,500/- + Applicable GST | Rs.5,000/- to Rs.12,000/- depends on our Branch Locations + Applicable GST |
| 2 | Loan against Property | Mortgage Loans | Applicable as a percentage of loan amount + GST | Applicable as a percentage of loan amount + GST |
| Conversion Fees for Switch to a Lower Interest Rate | ||||
| 3 | Salaried | Home Loans | Rs.4500/- + Applicable GST | Nil |
| 4 | Self Employed | Home Loans | Rs.5000/- + Applicable GST | Nil |
| 5 | Salaried/ Self Employed |
|
0.5% of outstanding principal balance + Applicable GST or subject to maximum of Rs.10000/- + GST | Nil |
*subject to change from time to time. For latest Fees structure please refer our website www.gichfindia.com.
PRE-PAYMENT CHARGES:
| Sr.No. | Loan Product | Type of Loan | Prepayment Charges |
| 1 | Part Pre-Payment of any loan. | Fixed or Floating. | NIL. |
| 2 |
|
Housing Loan in Floating Rate basis i.e. on BLR and loan Foreclosed through any source. | NIL. |
| Housing loan in Fixed Rate basis or with in any fixed loan tenure and repayment through own Sources. | NIL. | ||
| Housing loan in Fixed Rate basis or with in any fixed loan tenure and amount being prepaid through refinance/borrowing from other Bank or HFC. | 2% on outstanding loan amount**. | ||
| 3 | Mortgage Loans. | Fixed or Floating. | NIL. |
| 4 | Commercial Loan. | Fixed or Floating. | 2% on outstanding loan amount**. |
**As per NHB guidelines, in its circular “Levy of foreclosure charges/ pre-payment penalty on Floating Rate Loans”, released in 2014
OTHER CHARGES FOR ANY LOAN PRODUCT:
| Sr.No. | Particulars | Charges |
| 1 | Application Form. | NIL. |
| 2 | CERSAI Registry / Modification Charges. | Rs. 50 + Applicable GST for loans
upto Rs. 5 Lakh* Rs. 100 + Applicable GST for loans above Rs. 5 Lakh*. |
| 3 | Processing of Collateral Security for interim payment e.g. Life Insurance Policy, NSC, Bank Fixed deposit etc. | Rs. 200/- + applicable GST per document. |
| 4 | Statement of account/ provisional IT certificates. | 1st: No charges Subsequent: Rs. 200 + Applicable GST. |
| 5 | Copies of Loan or Security documents. | Rs.3/- per page. |
| 6 | Foreclosure statement. | Rs. 500 + Applicable GST. |
| 7 | Custody /Handling Charges for Security Documents. | Rs. 1200 + Applicable GST. |
| 8 | Loan Clearance Certificate. | NIL. |
| 9 | Overdue Charges on default installment (EMI/ PRE-EMI) | 15% Per Annum on the outstanding dues. |
| 10 | Cheque/ECS bounce charges. | Rs. 400/- + Applicable GST. |
| 11 | Stamp duty/ Franking charges. | As per applicable law/charges of the relevant property state. |
(*) the contents of the above are subject to change from time to time and the levy of the same shall be at such rates as may be applicable as on the date of such charge
RECOVERY CHARGES (Without internvention of Court):
| Sr.No. | Default installment | Charges (Inclusive of Taxes) |
| 1 | Default 1-2 months. | Rs. 200/- per installment. |
| 2 | Default 3-12 months. | 4% of total dues including penal interest. |
| 3 | Default 13-36 months. | 5% of total dues including penal interest. |
| 4 | Default 37-72 months. | 7% of total dues including penal interest. |
| 5 | Default 73-108 months. | 10% of total dues including penal interest. |
| 6 | Default Above 108 months. | 10% of total dues including penal interest. |
| 7 | Visit charges at Borrower/s Residence employer. | Rs.300/- Per visit. |
Recovery charges under the securitisation and reconstruction of financial assets and enforcement of security interest act , 2002 : At actual.