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  

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 

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 

Duplicate NOC fees * 

₹ 500 per NOC 

NOC Charge for Interstate transfer and other purpose * 

₹ 1,000 per NOC