Loan Application

Yes bank Home Loan - Fees and Charges

The bank levies certain types of charges on all loans that it issues. The list of charges is given below:

  • Loan Processing Charges: Also known as origination charges. These charges are levied as per the rate matrix in force.
  • Prepayment fees:  Pre Payment is a facility offered by the bank wherein, the applicant can choose to close his loan much before the stipulated time. The bank levies no foreclosure charge on loans issued under floating rate of method. However, the minimum amount of prepayment should be equivalent to the value of at least one EMI.
  • Stamp Duty: These charges are levied as per the state law.
  • Penal interest for late payment: The applicant must make sure to make payments towards his EMI’s on time within the specified due date. IF he/she fails to do so, the bank levies a penal interest standing at the rate of 2% per month on the due amount.
  • Cheque Swap charges:  The bank charges Rs.500 for every cheque swap instance.
  • Cheque Return Charges: The bank levies a penalty of Rs.750 per instance of cheque dishonor.
  • Charges for Amortization Schedule: The bank also issues an amortized schedule of the applicants loan account. Such an amortized schedule contains a chronographic detail of the applicant’s loan account. The bank charges Rs.500 per amortization schedule.
  • Account statement Charges: The bank levies a statement charge Rs.100 for every account statement that it issues.
  • Prepayment statement charges: The bank issues a prepayment statement by taking a charge of Rs.100 from the applicant.
  • Duplicate NOC issuance Charges: The bank also issues copies of NO Objection Certificate on customer’s demand. However, A charge of Rs.100 will be taken from the applicant for every duplicate NOC that the bank issues.
  • Loan cancellation and rebooking charges: The applicant can also opt for cancelling his loan with the bank before the entire disbursement of the loan has been done. However, the charge for this facility stands at Rs.2000, as applicable from the date of the first loan disbursement till the cancellation request date.
  • Legal, Repossession and incidental charges: These charges are levied on actual basis
  • Document Retrieval charges: The bank charges Rs.500 for retrieval of property documents.
  • Switch Fees: The applicant can also opt to switch from floating rate of interest type loan to fixed interest type and from fixed interest type of loan to floating rate of interest type of loan by paying a charge of 0.5% on the principal outstanding loan amount.
  • Conversion Charges: The bank levies a conversion charge standing at the rate of 0.5% on the principal outstanding loan amount.
  • CERSAI charges: The Bank levies a flat charge of Rs.500 against this.
  • EMI cycle change: The applicant can also opt for a change in his existing EMI date to a suitable date by bearing a minimal charge of Rs.500
  • Creation of charge with ROC: These charges are levied on actual basis.
  • Valuation charges: These charges are levied on actual basis.
  • Legal Charges: These charges are levied on actual basis.

The above mentioned charges are exclusive of applicable taxes. Service tax and other statutory taxes as applicable will be levied over and above the mentioned charges.

 
Loan Application

 

It is a type of unsecured loan and helps to meet your current financial needs. You don't need any security/collateral while availing it. Personal Loan is your solution for instant cash and can be used for travelling, wedding, medical emergency, home renovation, or anything else.

 

Home Loan is a Secured loan offered against the security of a house/property which is funded by the banks and NBFCs the property could be a personal property or a commercial one. Home loans consist of an adjustable or fixed interest rate and payment terms.

 

Loan Against Property belongs to the secured loan category where the borrower gives a guarantee by using his property as security. Banks and financial institutions offer this LAP, which can either be a residential/commercial building or a piece of land.

 

A Business Loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. Banks and other financial institutions are there to provide you with suitable lending assistance.

Different Purposes for Personal Loan through LoanMoney

Marriages are made in heaven and its celebration is one of the happiest and memorable events for married couples and their families. Wedding loan is available to people looking to meet their wedding expenses in order to make the wedding a grand success.
Debt consolidation/ Financial Restructuring is a process to streamline one’s financial stability and debt. Thus by consolidating many small debts with one debt, one gets favourable payment off terms and lower burden of EMI.
Home is the place where your story generates. Home Renovation Loans are designed for the purpose of renovating a house and can be taken by a person who owns the property to be renovated.
A Medical Loan is extended by a bank or a financial institution under the category of personal loans. A medical loan can be used for multiple emergency purposes such as an operation, surgery, procedure, therapy or for any concern related to health.
The Education Loanaims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad. Students enrolled in career-oriented courses e.g. medicine, engineering, management etc, can avail this.
Balance transfer is the process where a customer transfers his outstanding principal amount to another bank or financial institute primarily for a better rate of interest and also for better features. Balance transfer reduces your interest rates and finally ensure saving.
Travel loan is a kind of Personal Loan that you can apply while planning a travel. It can help to cover the costs associated with your holiday, such as airfares, accommodation, hotel fares, tour packages, travel gears/accessories, or any other type of expenses associated with your travel.
The Credit Card Payment Loan is designed to allow you to take control of your finances and pay your credit cards off faster. This is made possible by consolidating your high-interest card balances into one monthly payment at a fixed rate and term.

Disclaimer: LoanMoney is not a Loan Providing Organization. We are facilitating the Loan Process from various Banks & NBFC. The rate, eligibility criteria, term & conditions of various banks are subject to change as per bank discretion. We try our best to keep the data up-to-date, but we can't guarantee the accuracy of data provided in this site. LoanMoney help you to embark on your dream at the right time with many Banks/NBFC's Loan opportunities available! Follow a few simple steps to help LoanMoney team understand your requirements.

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