Interest Rate Range for Tractor Loan

Max 26%

Min Prevailing MCLR Or Reference Rate

Mean

Loan Processing Charges

Upto 3% of Loan amount

Documentation Charges

Upto Rs. 5000

Stamping Charges

At Actuals

Credit Administration Charges

Upto Rs. 6000/-

Credit Appraisal Charges

Nil

Commitment Charges

Nil

Overdue Interest

Upto 3% of overdue amount, compounded monthly

Collection Charges

30% of penal and cheque bouncing charges

Dishonour Charges Per Instance

Rs. 750.00

Swap Charges (Replacement of PDCs)

Upto Rs. 500 per Swap per Instance

Prepayment Interest / Foreclosure Charges

5% of Principal Outstanding as per reducing balance method

Duplicate Issue of NOC

Rs. 500/-

Solvency Certificate

Nil

No Due Certificate

Nil

Copy of CIBIL Report

Rs. 50/-

Copies of Records (SOA / Amortization Schedule)

Rs. 500/- (Once yearly without any charge. Post that 500 per request.)

APAC Reschedulement

Nil

Part Foreclosure Charge

Nil

Payment Processing Charge

Not Applicable

Valuation Charges for Used/RF Vehicles

Within city - Rs. 1000/-

Outside city - Rs. 1500/-

Repossession Charges

Upto Rs. 15,000/-

Credit Administration Charges

Upto Rs. 6,000/-

Duplicate Foreclosure Statement Charges

Rs. 500/-

NOC for National Permit

Not Applicable

NOC for State Permit

Not Applicable

NOC for Change in Body Type

Not Applicable

Rebooking of Loans

Rs. 2,500/-

Change in Installment Due Date

Rs. 1,000/-

Change in Property / Asset / Collateral

Not Applicable

Copy of Any Property/Loan Document

Not Applicable

Asset Verification Charges - Immovable Assets

Not Applicable

Legal / Incidental Charges

At Actuals

NOC to Convert From Private to Commercial Registration

NRH

NOC to Convert From Commercial to Private Registration

NRH

Re-issuance of Pay Order

Nil

Non Compliance with Sanction Terms and Conditions

Nil

End-use Certificate Delays

Nil

Net Worth Statements Delays

Nil