Loan processing fee: These charges are levied at the rate of 0.50% to 1% of the loan amount or Rs. 1,500, whichever is higher. However, for cities like /Mumbai, Delhi and Bangalore, the limit is set as 0.50% to 1% of the loan amount or Rs. 2,000, whichever is higher. The mentioned rates are exclusive of service tax and surcharges. Service tax and other surcharges, as applicable will be levied over and above these charges. These are non-refundable charges.
Prepayment Charges: 4% of the outstanding amount.
Charges for changing from fixed rate of interest to Floating Rate of interest: The bank charges an interest of 1.75% on principal outstanding amount.
Charges for changing from Floating Rate of interest to Fixed Rate of interest: The bank charges an interest of 1.50% on principal outstanding amount.
Cheque Swapping Charges: This charge stands at Rs. 500 per transaction.
Document Retrieval Charges: The bank charges Rs. 500 for document retrieval.
Cheque Bounce Charges: If an applicant issues an EMI cheque with insufficient funds in his A/C, the bank levies a cheque return charge of Rs. 200.
Provisional/Final income tax certificate: The bank issues this certificate at no charges.
NOC/No due certificate: The charge for obtaining a NOC is NIL.
Agreement Copy: The charge for obtaining an agreement copy is NIL.
Home Extension Loan is useful when you want to add more space to your existing home. We make it easy for you to extend your existing residential property as per your requirements. You often renovate your home to suit your changing needs. This loan can be used to carry out repairs / improvements within your existing owned residential properties.
Personal loans are taken primarily for fulfilling your personal aspirations such as vacation, a perfect wedding, home renovation or a much desired gadget. In addition to being relatively easy to apply for, personal loans are unsecured loans which means that you don't need any collateral to take this loan. They are one of the simplest form of loans with customer-friendly repayment terms.
A sudden requirement of funds is an unavoidable circumstance of business or personal life. Whether a personal necessity (hospitalization, child's marriage) or a professional one (expanding business operations on a priority basis), every person requires immediate financial backing at key moments.
In this context, it is pertinent to consider an invaluable alternative source of finance known as Loan Against Property (LAP). This is a loan borrowed by placing one's owned property as collateral. The funding may be given by financial institutions after scrutinizing the validity of the said property and its current market value.
Running a business is not easy. You have to constantly think of ways and means to keep it going and growing. As a part of the growth plan, you require financing for expanding operations or to buy new equipment or inventory or simply increase the working capital. To help you with your financing needs we offer Business Loans that will help your business grow.
LaonMoney is an Authorized Direct Selling Agents of various National, Multinational and Non Banking Financial Companies for promoting their sales for asset division. Feel free to contact us at email@example.com or +91-8130 222 111 for Transparent and Fastest Processing of Loan.
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# Home loans - Residential/ Commercial/ Industrial - Purchase /Reconstruction / Plots
# Loan Against Property - Residential / Commercial / Industrial
# Business Loans - Unsecured Overdraft / Term Loan / Against Credit Card Swipe
# Personal Loan - Against Salary /Professional Receipts Doctor/ CA/Engg
# Working Capital for SME - Overdraft/ Cash Credit / Term Loan /Export Funding/ Non Funded
# Machinery / Equipment Loans - Medical/ Construction/ Vehicles
# Educational/ Hospital Institutions Loans to Trust/ Society