Construction Equipment Loan: Fees and Charges

Fees & Charges

Processing fees (Non-Refundable)	Up to 5.0% of the Loan Amount
Documentation charges	Up to INR 20,000/-
Stamp Duty	At Actuals
Valuation	At Actuals
Asset Verification	At Actuals
EMI Return	INR 500/- per EMI bounce
Late Payment	2% per month on outstanding (Principal, interest) instalment
Cheque/ECS Swap	INR 500/- per transaction [Other bank to IDFC swapping - nil]
Duplicate Amortisation Schedule	INR 200/- per schedule
Duplicate/Special NOC	INR 500/- per instance
Statement of Account	INR 200/- per statement
Foreclosure/Prepayment	5.00% of the principal outstanding
Part Payment charges (if applicable)	5.0% of the principal outstanding
Loan Cancellation	Loan Cancellation Charges INR 1000/- per Loan Account (Gap interest to be borne by customer along with No refund/waiver of Processing fee, Stamp Duty and any other charges)
Loan Re-scheduling /Rebooking	INR 1500/- per loan
Legal/Collection/Repossession and Incidental Charges	At Actuals

GST, as applicable, will be levied on all service charges. The above Schedule of Charges is subject to be revised from time to time by the Bank, as will be updated on the official website of the Bank.

Interest Rate

Product type	ROI%
Construction Equipment Loan	ROI Starting from 9%*

* T&C Apply

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