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| 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 |
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.