APPLICABLE FOR RESIDENT / NON-RESIDENT INDIAN NATIONALS

 

FEES UPTO LOAN AMOUNT RUPEES THREE CRORE:

Sr.No. Loan Product Processing Fees Administrative Fees*
1
  1. Purchase Property From Builder
  2. Purchase In Co-Operative Society
  3. Purchase on Second Sale
  4. Construction Loan
Rs. 3000/- + Applicable GST Rs.2,500/- to Rs.12,000/- depends on our Branch Locations + Applicable GST
2 Repair & Renovations Loans Rs.2500/- + Applicable GST 0.75% of loan amount + Applicable GST
3 Mortgage Loans Rs.2500/- + Applicable GST 0.50% of loan amount + Applicable GST
4 Commercial Loan Rs.2500/- + Applicable GST 1% of loan amount + Applicable GST
5 Takeover of existing Housing loans from other HFCs. NIL Rs.2500/- + Applicable GST
6 Conversion Fees for Switch to a Lower Interest Rate Maximum 2% of Outstanding loan amount + Applicable GST Maximum 2% of Outstanding loan amount + Applicable GST

*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
  1. Purchase Property From Builder
  2. Purchase In Co-Operative Societyr
  3. Purchase on Second Sale
  4. Construction Loan
  5. Repair & Renovations Loans
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. 100 + Applicable GST
5 Copies of Loan or Security documents. Rs.3/- per page
6 Foreclosure statement Rs. 500 + Applicable GST
7 Custoy /Handling Charges for Security Documents Rs. 600 + Applicable GST
8 Loan Clearance Certificate NIL
9 15% Per month on the outstanding dues.
10 Cheque/ECS bounce charges Rs. 300/- + 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 Default3-12 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 Default73-108 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.

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