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Schedule of Fees and ChargesMaximum Benefit
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Schedule of Fees and Charges

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The below charges will be applicable with effect from July 21, 2024 :

S. No	Particulars	Charges
I	Processing Fee/Charges	Up to 3% of the loan amount
II	Application Fees/IMD Fees	Up to INR 10000/-
III	Documentation Fees (Only for disbursed cases)	Up to INR 5000/-
IV	Stamp Fees and Charges at applicable rate as per state laws. If stamping is done by SMFG Grihashakti an additional 5% (of stamping amount) service fee will be levied
V	Rate of Interest Conversion Fee/Switch Fee Charges (for change in loan interest type)	An amount not exceeding 1.00% of the outstanding principal amount
VI	Cheque/ECS/NACH Dishonour Charges (Note: The Cheque/ECS/NACH dishonour Charges as referred to above are not compensatory and/or to be construed as any form of consideration towards the act of dishonour, and in no ways should the same be construed as fees recovered under this facility. It is abundantly clarified that SMFG Grihashakti does not tolerate dishonour of instruments and/or deposit of an invalid, fake or unworthy instrument issued towards meeting payment obligations under this facility and any charges collected thereof are not intended to compound such acts of dishonour. Notwithstanding any charges collected hereof SMFG Grihashakti reserves its right to invoke appropriate civil and criminal laws.)	INR 500 per instance
VII	Swap Charges for Any Modification to Any Repayment	INR 600/- per swap instance
VIII	CERSAI Charges
	For Loans of Up to INR 5 Lakhs (for an original filing and for modification)	INR 60/-
	For Loans Above INR 5 Lakhs (for an original filing and for modification)	INR 110/-
IX	Prepayment Charges (in part or full) Note: No foreclosure charges/ pre-payment charges will be applicable on any floating rate term loan sanctioned for purposes other than business to individual borrowers, with or without co-obligant(s) All semi-fixed rate (combination of fixed and floating) loans shall attract the pre-closure norms applicable to fixed/ floating rate depending on whether at the time of pre-closure, the loan is on fixed or floating rate.

	Type of Interest Rate	Borrowers	Purpose of Loan	Particulars	Charges
(ix A)	Fixed	Individual	Any	Prepayment using Own source/Funds	No prepayment charges shall be payable for partial/full prepayment
		Individual		Borrowing from any Bank/ Housing Finance Company/Non-Banking Finance Company/any Financial Institutions/any other sources	0-60 MOB: 7% of the amount prepaid >60 MOB: 5% of the amount prepaid
		MSME/Sole Proprietorship Firms/Non-Individuals		Prepayment using Own source/Funds OR Borrowing from any Bank/ Housing Finance Company/Non-Banking Finance Company/any Financial Institutions/ any other sources	0-60 MOB: 7% of the amount prepaid
		MSME/Sole Proprietorship Firms/Non-Individuals			>60 MOB: 5% of the amount prepaid
(ix B)	Floating	Individual Borrowers (Primary and co-borrowers) Micro and Small Enterprises (MSE)	Business	NA	5% of the amount prepaid
(ix B)	Floating	1. Individual Borrowers (Primary and co-borrowers) 2. Individual Borrowers (with or without non individual co-borrower)	Other than Business; Buying home, self-construction of home, Plot + construction of home, Extension, Improvement or renovation of Home	Home should be on Individual name and end use should be for buying home, self-construction of home, Plot + construction of home, Extension, Improvement or renovation of Home	No prepayment charges shall be payable for partial/ full prepayment

Late Payment Charges (applicable for payment defaults)

2% per month of overdue EMI calculated on day-to-day basis, payable from the relevant due date until the date of actual payment/rectification of default.

Conversion from HL to NHL

Applicable Rate of Interest shall increase by 2% p.a.

Penal Charges

For delay by the Borrower(s) of 60 days (Sixty Days) to deposit/redeposit the title documents relating to the Secured Assets with SMFG Grihashakti upon execution of this Loan Agreement or as may be communicated to Borrower(s) by SMFG Grihashakti in writing.

ONE percent (1%) per annum on the outstanding loan amount, calculated on day to day basis, payable from the date of default/delay till the date of rectification of such default to the satisfaction of SMFG Grihashakti.

NOC, No Due Certificate, RPS, Interest certificate, List of Documents (LOD), Duplicate Statement of Account, Copy of Loan Agreement, etc.

INR 500/-

XII

Charges for Photocopy of Original Title Deeds of Property

INR 1000/-

XIII

Loan Cancellation Charges after Disbursement

INR 5000/-

XIV

Original Document Retrieval charges

INR 1000/-

Foreclosure Letter Charges

INR 500/-

XVI

Annual Maintenance Charges
(AMC shall be levied on an annual basis on the anniversary month of the 1st disbursement of the loan)

INR 1000/-

XVII

Collateral Handling Fees

INR 3000/-

For Developer Funding

Late Payment Charges (for payment defaults)

Three Percent (3%) per month of overdue EMI calculated on day basis; from the relevant due until the date of actual payment.

Penal Charges (for non-payment defaults)

Two percent (2%) per annum on the outstanding loan amount calculated on a day-to-day basis; from the date of default/breach in adherence to term of this sanction letter, till the date of rectification/cure of such default/breach to the satisfaction of the lender

XVIII

Taxes & Levies

All the charges indicated above or elsewhere in the Loan Agreement shall be exclusive of all taxes and statutory levies as may be applicable from time to time on same including without limitation to goods and services tax.

All the above charges are non–refundable

Disclaimer: *Please note that loans are disbursed at the sole discretion of SMFG Grihashakti. Final approval, loan terms, and disbursal process will be subject to SMFG Grihashakti’s policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.

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SMFG India Home Finance Co. Ltd.
CIN number: U65922TN2010PLC076972
IRDAI COR No: CA0948

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