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Tractor Loan Fees & Charges

Tractor Fees and Charges

	Particulars of charges
Products	Interest Charges	Processing Fee
New Tractor	12% - 16%	1% of sanction loan amount + GST
Used Tractor	16% - 20%	2% of sanction loan amount + GST

Other Charges

Particulars of charges	Descriptions
EMI/GI Bounce Charges	12% of EMI/GI bounced with minimum charge of Rs. 400 & maximum of Rs. 1000 (excluding GST)
Late Payment charges	12% p.a (1% p.m) of the EMI overdue or Rs 300 whichever is higher, No GST is applicable
Technical Bounce Charges	Charge rates would be same as applicable under EMI/GI bounce charges* *Mandate Rejection technical Bounce Charges (for mandate rejected by your bank, to be charged for each month from 3rd consecutive bounce month onwards until the mandate is registered).
Stamp duty	As per actual
Valuation (Used Tractor)	As per actual
Collection legal charges	As per actual
Loan Cancellation	Rs 1000 + GST
Duplicate NOC	Rs 500 + GST
Foreclosure/Pre-Payment	2% of principal outstanding + GST
Collection EMI Pickup charges	Rs.500 + GST

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.

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