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Schedule of Fees and ChargesMaximum Benefit at Minimum cost

Schedule of Fees and Charges

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The below charges will be applicable with effect from November, 2020

S.No Particulars Charges
I Processing Fee / Charges Up to 3% of the loan amount
II Application Fees/IMD Fees  
For Loan amount less than or equal to INR 1 Mio INR 2500
For Loan amount > INR 1 Mio and <=2.5 Mio INR 3500
For Loan amount > INR 2.5 Mio and <=5 Mio INR 4500
For Loan amount > 5 Mio INR 6000
III Documentation Fees (Only for disbursed cases)
Loan Amount <= INR 2.5 Mio INR 1500
Loan Amount > INR 2.5 Mio INR 3000
IV Stamp Fees and Charges at applicable rate as per state laws. In stamping done by FIHFC then additional 5% (of stamping amount) service fee will be levied
V Rate of Interest Conversion Fee An amount not exceeding 1.00% of the outstanding principal amount
VI Cheque / ECS / NACH bounce charges INR 500
VII Swap charges for any modification to any repayment INR 600/- per swap instance
VIII CERSAI Charges
For Loans up to INR 5 Lakhs (for an original filing and for modification) INR 110/-
For Loans above INR 5 Lakhs (for an original filing and for modification) INR 210/-
IX-A Prepayment Charges (in part or full) For Loan Against Property (LAP)
Purpose of Loan Type of Interest Rate  
Non Business Individual Borrowers (with or without non-individual co-borrower) and Floating rate of Interest No prepayment charges shall be payable for partial/ full prepayment
Business Individual Borrowers (Primary and co-borrowers) and Floating rate of Interest 5% of the prepaid loan amount
Business MSME/Sole Proprietorship Firms/Non-Individuals and Floating rate of Interest 0-12 MOB : 7% of the prepaid loan amount
>12 MOB : 5% of the prepaid loan amount
Any Fixed Rate (Full tenor) (except for Individuals making pre-payment out of their “own sources” i.e. not from borrowing from any Bank/ Housing Finance Company/ Non-Banking Finance Company/ any Financial Institutions/ any other sources) 0-60 MOB : 7% of the prepaid loan amount
>60 MOB : 5% of the prepaid loan amount
IX-B Prepayment Charges (in part or full) For Home Loan/ Self Construction/ Plot + Construction /Home Extension or Renovation
  Individual Borrowers (Primary and co-borrowers) and Floating rate of Interest - with or without non-individual co- borrower - (Home should be on Individual name) No prepayment charges shall be payable for partial/ full prepayment
  Non individual borrowers and Floating rate of Interest (Home should be on Non -Individual name)
  Fixed Rate (Full tenor) (except for individuals making pre-payment out of their "own sources" i.e. not from borrowing from any Bank/ Housing 0-60 MOB : 7% of the prepaid loan amount
> 60 MOB : 5% of the prepaid loan amount
X Penal Interest
Up to 2 % per month of overdue EMI from the relevant due date until the date of actual payment / rectification of default.
XI Part disbursal/ per tranche fee INR 600
XII Duplicate Statement of Account / Loan Agreement/NOC
INR 300
XIII Charges for photocopy of original title deeds of Property; INR 1000
XIV Collection of Cheque / Cash (per collection) INR 500
XV
Application Fees/IMD Fees for Rural cases
INR 2000
XVI 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.

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