Fees and Charges

1.Retail

	Description of Charges	Applicability of Penal Charges on non-compliance to Material terms and conditions of Loan agreement as given in the note below #
Penal Charges#	Post disbursement document The PDD charges can be levied on case to case basis after reconciliation of pending cases which are due for update / pending for VIN corrections.	Non submission of Registration Certificate with Hypothecation not submitted within 90 days from the Disbursal date. Penal charge of Rs. 2500
	Cheque /ACH Bounce Charges	₹500 per bounce for all banks except Gramin & Co-operative banks where per bounce charge is ₹1000
	EMI overdue Penal Charges	36% per annum of overdue EMI

	Description of Charges	Applicability
New Loan Fee	Loan Agreement Charge	₹300
	PDD (Post Disbursement Document) Charges	₹400
	Document Fee – New car	₹763
	Document Fee – Used car	₹932
	Processing Fee – New Car	Up to a maximum of ₹5,500 based on Loan Amount
	Processing Fee – Used Car	Up to a maximum of ₹5,500 based on Loan Amount

	Description of Charges	Applicability
Incidental Charges	Loan Cancellation Charges	Applicable before first EMI overdue. In the event of cancellation, the refund of the loan amount needs to be done within the same month of disbursement. A fee of ₹3000 + Interest on the loan amount will be borne by the customer from date of loan disbursement till amount is fully repaid. The processing fee and documents charges will not be refunded. Cancellation beyond 30 days from date of disbursement would be treated as foreclosure and relevant charges will apply.
	Foreclosure/Part-Prepayment Charges	Applicable after first EMI payment. 5% of Principal Outstanding for first 12 months 2% of Principal Outstanding from 13 – 24 months NIL after 24 months Part-Prepayment is not allowed for: (a) structured payment products such as Step Up, Step Down, EMI holiday; (b) if the remaining tenure of the contract is less than 3 months.
	Legal, Repossession, Remarketing & Incidental Charges	At Actuals
	Cheque/ ECS / ACH swap charges	500 per instance
	Photocopies of Loan agreement (Upon customer’s request)	150 per request
	Loan Restructure Charges	Up to Loan outstanding amount of ₹2 lakhs – ₹1,500 Loan outstanding amount greater than ₹2 lakhs – ₹2,500
	Loan Rescheduling Charges – EMI date Change	₹1,000
	Duplicate NOC fees	₹500 per NOC
	NOC Charge for Interstate transfer and other purpose	₹1,000 per NOC

The above fees and charges are effective 3rd May 2024 and applied prospectively to both individual and non-individual customers.
Loan Agreement charges and PDD charges will be deducted from the Loan disbursement amount.
Charges and Fees are exclusive of Government Taxes. Goods and Services Tax (GST), Other Government taxes, Levies, etc., will be applicable as per prevailing rates in addition to the above-mentioned charges.
Any service charges not mentioned above will be charged at actuals.
NRFSI offers Personal loans only to employees of Nissan and Renault Group Companies. Applicable charges to Group employee personal loans are Loan agreement charge, ACH/Cheque bounce Penal charge, and Incidental charge mentioned above.

Retail New car and Used car loan	Group Employee Personal Loan
Clause 4.2 : Registration Certificate (RC)	Clause no 3 EMI overdue
Clause 9.1 ACH/Cheque bounce back	Clause no 3.ACH/ Cheque bounce Penal charge
Clause 9.1 EMI Overdue	–

2.WholeSale/Floor plan

Description of Charges	Applicability	Amount of Penal Charges
Cheque /ACH Bounce Charges	Cheque/ACH bounce back due to insufficient funds.	INR 500 or 1000
Penal Charges for Delayed payment of Interest or Principle on the overdue payment.	Penal Charge for in case of delay in Interest or principle.	Sold VINs DPD 11 to 30 days, Curtailment overdue (Including Spares and accessories overdue) up to 30 DPD, delay charges, Interest overdue Interest up to 30 days: 7% p.a. Sold VINs DPD, Curtailment overdue, Interest Overdue (Including Spares and accessories overdue) above 30 DPD :10% p.a. SOT: 10% p.a.
Delay in EMI Clearance / EMI Bounce / ACH Bounce Charges for Term Loan or any EMI based loan	Payment delay	EMI / ACH Bounce: 7% p.a., on the EMI Amount bounced, for delayed period, over and above the regular Rate of Interest for the delayed period (on the principal component in EMI) applicable for the subject Loan as per the sanction letter. For Example, If ROI is 12% for the Term Loan, the total interest and Penal charge would be 19% p.a. on the overdue amount for the overdue period.

Description of charges	Applicability	Amount of Charges excluding tax
Ad-hoc limits Processing Fee	For each Ad-hoc limits Sanction	₹ 10,000
Facility Pre-closure / Foreclosure charges Loan Termination / loan Cancellation Charges (only for Term Loans)	When customer request for foreclosure/part prepayment charges or Loan termination	2% on Sanctioned limits as defined in Sanction Letter / Facility Agreement. 0.5% of the Sanctioned Limits as defined in Sanction Letter / Facility Agreement.
Wholesale Facilities Pre-Closure Processing Charges	Processing Charges	₹ 25,000 (for sanction Limit up to ₹3.0 crores limit) ₹ 40,000 (for sanction Limit up to 10.0 crores limit) ₹ 60,000 (for sanction Limit > 10.0 crores limit)
Legal & Incidental Charges	When the company incur any legal cost in relations to loan account	At Actuals
Stock Audit Charges	Upon stock audit completion	₹ 2,500-3000 per dealer location
Valuation & Title charges	Whenever the valuation and Title check performed in line with the Loan agreement	At Actuals
Processing Fee	At the time of loan Sanction, renewal/enhancement.	Up to a maximum of maximum of 0.5% on Loan Amount

The above fees and charges are effective 1st August 2024 and applied prospectively Customers
Charges and Fees are exclusive of Government Taxes. Good Service Tax (GST), Other Government taxes, Levies, etc., will be applicable as per prevailing rates in addition to the above-mentioned charges.
Any service charges not mentioned above will be charged at actuals