Fees & Charges
- The pre-closure fee is 4% of the principal outstanding (plus applicable taxes) in the 2nd year, 3% (plus applicable taxes) in the 3rd year, and 2.5% (plus applicable taxes) thereafter.
- Part-payments are allowed only after 12 months. For part-payments made between 13 to 24 months, a fee of 4% is applicable on the part-payment amount. A 3% fee applies to payments made between 25 to 36 months, and a 2% fee is applicable for payments made after 36 months.
- Part-payments are allowed only twice during the loan tenure, with a maximum of one per year. The amount of each part-payment cannot exceed 25% of the principal outstanding.
Documents:
- KYC - PAN, address and ID proof
- Income proof, bank statement and a photograph