1800-20-888-20 SMS "GHAR"
To 56677
91166-32180

Schedule of Charges

Charge Type Charge Description
UPFRONT CHARGES (CHARGES BEFORE DISBURSEMENT)
Processing Charges 2% + GST (on the sanctioned value) to be collected before disbursement or deducted from first disbursement.
Non-Postal Stamp / Stamp Duty As applicable law of the State
Non-encumbrance Certificate / Search Report/ Verification Report As per actual + GST
Valuation/Technical Fee Rs. 2000/- + GST
CERSAI: At the time of Disbursement: Creation of Charge Rs. 100/- + GST (for loans>5 Lacs) and;
Rs. 50/- + GST (for loans<5 lacs) or as per the charges levied by CERSAI
Post Disbursement Document (PDD) Charges 0.20% of Loan Amount
CUSTOMER SERVICE CHARGES
CERSAI: At the time of Modification of Charge (in case of Top-Up) Rs. 100/-+ GST (for loans >5 Lacs) and;
Rs. 50/-+ GST (for loans <5 lacs) or as per the charges levied by CERSAI
Prepayment Charges Part-Prepayment / Foreclosure of Home Loan on Variable/ Floating rate of Interest: No prepayment Charges.
 
Part- Prepayment/ Foreclosure of Home Loan on fixed rate of interest: No prepayment charges, if loan is foreclosed through own source.
 
However, if the payment is made by borrowing from a bank/HFC/NBFC and / or a Financial institution, the prepayment charges are as follows:
1)  5% + GST as applicable in Pre- closure Charges would be levied on Principal o/s & all part prepayments done in case loan is closed within 12 months of the first disbursement.
2)  3% + GST as applicable in pre-closure charges would be levied on Principal o/s & all part prepayments done in last 12 months in case loan is closed after 12 months of the first disbursement.
Cheque/ECS/ACH Bounce Charges (Per Instrument/Transaction) Cheque return charge of INR 500/- + GST as applicable per instrument is payable in case of a dishonored cheque or ECS or ACH.
Late Payment Interest 3% per month compound for no. of days delayed in PEMI / EMI payment.
Duplicate No Dues Certificate Rs.500/- + GST
Copy of Property Papers Rs.500/- + GST
Charges for Missed Due Date Rs. 200/- + GST
Cancelation Charges /Fees 1)  If request received within 7 days of the disbursement: Only Rs. 1000/- + GST (cancelation charges).
2)  If request received after 7 days of the disbursement:Rs. 1000/- + GST (cancelation charges) & PEMI till the cancelation request
Documents Retrieval Charges Rs 500/- plus applicable taxes (GST) and/or other statutory levies
Duplicate Annual Account Statement, Provisional Certificate Rs.500/- + GST
Loan prepayment/closure (fully) statement / SOA / Repayment Schedule charges Rs.500/- + GST
Each Personal Visit to customer’s place for collection of dues Rs.250/- per visit plus applicable GST
Disbursement Cheque Cancelation & re-issuance Rs. 1000/- + GST (cancelation charges) & PEMI will be charged.
Disbursement Cancelation (Deal postponed etc.) 1)  If request received within 7 days of the disbursement: Only Rs. 1000/- + GST (cancelation charges).
2)  If request received after 7 days of the disbursement:Rs. 1000/- + GST (cancelation charges) & PEMI till the cancelation request
Cheque/ECS Swapping Charges (per set):
PDC to PDC Rs. 1000/- + GST
PDC to ECS NIL
ECS to ECS Rs. 1000/- + GST
ECS to PDC Rs. 1000/- + GST
Complaint Handling Charges NIL
CHARGES AT THE TIME OF FORECLOSURE
Cash Collection Charges (Only FC) Rs. 5/- per Thousand for Cash Collection + GST
CERSAI: At the time of Loan Closure: – Satisfaction of Charge (removal of lien) NIL
Document Custodian Fees Rs. 500/- + GST Per Month (Chargeable after 30 days of closure of the Loan Account)

Note:
* The Govt. of India has implemented the Good & Service Tax (GST) effective from 1st July 2017. Consequently, the Service Tax rate (including cess) of 15%, as applicable to the products & services rendered by financial institutions,  has been replaced by the GST rate of 18%.

 

Download Full Text

Close

GET A CALL BACK NOW








Get a call
close slider

Get A Call

New Customer   Existing Customer




I hereby authorize Aavas Financiers Ltd. to call/ SMS me