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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 April 01, 2021

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 per instance
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 Non-Home Loan -Loan Against Property (LAP), Commercial Purchase of Property (CPOP) etc.
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 amount prepaid
Any MSME/Sole Proprietorship Firms/Non-Individuals and Floating rate of Interest 0-12 MOB : 7% of the amount prepaid
>12 MOB : 5% of the amount prepaid
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 amount prepaid
>60 MOB : 5% of the amount prepaid
IX-B Prepayment Charges (in part or full) For Home Loan/ Self Construction of home / Plot + Construction of home /Extension, Improvement or Renovation of Home
  Individual Borrowers (Primary and co-borrowers) and Floating rate of Interest - with or without non-individual co- borrower - (Home should be on Individual name and end use should be forbuying 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
  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 0-12 MOB : 7% of the amount prepaid
>12 MOB: 5% of the amount prepaid
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 per tranche
XII Duplicate Statement of Account / Loan Agreement/NOC/No due certificate/, RPS, Interest certificate etc.
INR 500 per document set
XIII Post disbursement document charges 0.2% of the Loan amount
XIV Charges for photocopy of original title deeds of Property; INR 1000
XV Disbursement cheque cancellation and reissuance charges INR 1000 per instance
XVI Collection of Cheque / Cash (per collection) INR 500
XVII
Application Fees/IMD Fees for Rural cases
INR 2000
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

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