| Fore-Closure Charges: |
Lock in period is 24 months from the date of final disbursement. No foreclosure is allowed during this period. (This restriction is not applicable for individuals borrowing for personal use) For given application: Please refer page no. 1 and/or 2 of this sanction letter. |
| Fore-Closure Charges after lock in period is over |
In case of Individual loans (where borrower is individual, with or without co-obligant(s)) for Personal purpose: NIL foreclosure charges In all other cases: 4% of the Principal outstanding amount. |
| Part pre - payment condition |
25% of the principal outstanding as on 1st April of given financial year will be allowed to be part paid without any charges. (This restriction is not applicable for individuals borrowing for personal use) For given application: Please refer page no. 1 and/or 2 of this sanction letter. |
| Part Prepayment Charges |
In case of Individual loans (where borrower is individual, with or without co-obligant(s)) for Personal purpose: NIL foreclosure charges In all other cases: 4% of the part payment in access of 25% in given financial year |
| Additional Note on Foreclosure and Part Prepayment Charge |
Foreclosure or part prepayment charge offered less than standard charges will be applicable only in case of NIL bounce, by applicants, in any of the loans with ABFL during currency of the loan granted vide this sanction letter. Standard charge mentioned here applicable otherwise. |
Other Charges:
|
|
Default Penal Interest Rate / Non Conformance with any covenants / stipulated conditions (at the sole discretion of ABFL) |
24% p.a. i.e. 2% per month |
|
Cheque Return Charges/ECS/SI/NACH failure charges |
Rs 1000/- per instance |
|
Accrued Interest |
As applicable based on actual delayed status or as communicated by the lender from time to time |
|
Cancellation Charges if any |
4.00% of loan amount sanctioned |
|
Closure charges for OD/LOC (Standard charges) |
4% of prevailing limit at the time of closure |
|
Request for copies of documents of any collateral held with ABFL per instance |
Rs 2500/- per instance |
|
Duplicate Statement/ Repayment Schedule / FC statement / any other document held with ABFL request |
FC Statement: Rs. 1500/- per instance
RTR: Rs 1000/- per instance
Other statements: Rs. 200/- per instance |
|
Charge For Exchanging PDCs, Security Cheques (Per Set) / ECS /NACH |
Rs 1000/- per instance |
|
CIBIL/Credit report retrieval fee |
Rs 50/- per instance for Consumer and Rs. 500/- for Commercial CIBIL/Credit report |
|
Loan Re-schedulement (on request from applicants, approval to be at sole discretion of ABFL) charges per instance |
2% of the prevailing loan outstanding |
|
NOC issuance charges per instance |
Rs 1000 |
|
Swap/Conversion Charges (Fixed rate to floating and vice-versa, at sole discretion of ABFL) (on request from applicants, approval to be at sole discretion of ABFL) per instance |
3% of the prevailing loan outstanding |
|
Property swap charges (on request from applicants, approval to be at sole discretion of ABFL) |
3% of the prevailing loan outstanding |
- Stamp Duty
- Legal and other statutory charges
- Insurance Premium
- Creation charge with ROC
|
As per actual, where applicable |
