Fees and Charges - MITC
- Applicable from 10th September, 2020
| Sr. No. | Description | Fees / Charges Applicable exclusive of GST |
|---|---|---|
| a | Application Fees (IMD) – Non-refundable | Rs. 3,500/ |
| b | AHL - Prime | Rs. 2,000/- |
All applicable fees & charges are subject to levy of GST and any other tax/ surcharge as applicable and payable in addition to the fees/ charges. All Charges stated above are subject to change at the discretion of CGHFL.
The above charges are applicable w.e.f. 16th Aug 2021.
| Sr. No. | Details of the Fees charged | Fees / Charges Applicable exclusive of GST |
|---|---|---|
| a | Processing Fees | Rs. 2,000/- |
| b | CERSAI charge creation | Rs. 50/- for loans < Rs. 5 lacs and Rs. 100/- for loans > Rs. 5 lacs |
| c | Document Handling and Administrative Charges | 1.00% - 2.00% |
| d | Legal Opinion Charges per collateral | Rs. 2,500/- |
| e | Legal Handling Charges (only in Balance Transfer / Resale loans) | Rs. 1,500/- |
| f | Valuation Charges | Rs. 2,000/- |
| g | Subsequent Valuation Charges (only in construction cases) | Rs. 500/- |
| h | Document Verification Charges (FCU) | Rs. 750/- |
| i | Income Estimation Charges (LIP) | Rs. 1,750/- (where applicable) |
| j | ROC Lien updation Charges | Rs. 2,500/- (where applicable) |
All applicable fees & charges are subject to levy of GST and any other tax/ surcharge as applicable and payable in addition to the fees/ charges. All Charges stated above are subject to change at the discretion of CGHFL.
The above charges are applicable w.e.f. 16th Aug 2021.
| Sr. No. | Details of the Fees charged | Fees / Charges Applicable exclusive of GST |
|---|---|---|
| a | Loan Cancellation Charges | Rs.5,000/- |
| b | Loan Rebooking Charges | Rs. 2,500/- |
| c | PDC/ ECS/ NACH Dishonour Charges | Rs. 500/- per instance (Home Loans) Rs. 750/- per instance (Home Equity) |
| d | Default / Late Payment Interest Rate | 36% p.a. of outstanding dues |
| e | Collection Charges (Applicable only in cases of collection executive visits) | Rs. 350 per visit |
| f | Repayment Swapping charges | Rs.500/- |
| g | Duplicate No dues certificate | Rs. 500/- |
| h | Foreclosure & Any other type of Statement Charges | Rs.500/- |
| i | List of Documents Retrieval Charges (LOD charges) | Rs.1100/- per instance |
| j | Copy of Property Papers Retrieval Charges | Rs.1000/- per instance |
| k | Document Retrieval Charges (Any Other not mentioned above) | Rs. 500/- per instance |
| l | Recovery (Legal / Possession & Incidental Charges) | On Actuals |
| m | ROI Conversion Charges / Switch Fees / Retention Fees | @Rs. 500/ for each Rs. 1.00 lac of loan amount irrespective of the % reduction in ROI. |
All applicable fees & charges are subject to levy of GST and any other tax/ surcharge as applicable and payable in addition to the fees/ charges. All Charges stated above are subject to change at the discretion of CGHFL.
The above charges are applicable w.e.f. 16th Aug 2021.
| Sr. No. | Individual | Non-Individual |
|---|---|---|
| a | Charges on pre-payment made of amount up to 25% of Principal Outstanding is NIL, Once in any Financial Year | |
| b | All part prepayments made 12 months prior to the full payment of the loan will be charged at the applicable full prepayment rate at the time of prepayment. | |
| c | Prepayment charges applicable as applicable on “Non – Individual Loans”. | Prepayment charges (part/ full) to be 5% up to 24th month from the date of last disbursal Prepayment charges (part/ full) to be 3% from 25th month from the date of last disbursal |
| Individual | Non-Individual |
|---|---|
| No foreclosure charges/pre-payment penalties to be levied on any floating rate home loans sanctioned to individual borrowers. | Charges on pre-payment made of amount up to 25% of Principal Outstanding is NIL, Once in any Financial Year. |
| Prepayment charges to be NIL in Floating rate loans if the co-borrower(s) in the loan is/are of individual entity. | All part prepayments made 12 months prior to the full payment of the loan will be charged at the applicable full prepayment rate at the time of prepayment. |
| If non-individual entity is/are co-borrower in the loan, then the prepayment charges to be levied as per the slab mentioned for “Non – Individual Loans”
Non-Individuals entity covers Sole Proprietorship Firm / Partnership Firm / LLP / Company / Society/ HUF etc. |
Prepayment charges (part/ full) to be 5% up to 24th month from the date of last disbursal.
Prepayment charges (part/ full) to be 3% from 25th month onwards from the date of last disbursal. |
The Standard TAT for Issuing Foreclosure and List of Documents (LOD) to customer is 21 days from the date of Request
All applicable fees & charges are subject to levy of GST and any other tax/ surcharge as applicable and payable in addition to the fees/ charges. All Charges stated above are subject to change at the discretion of CGHFL.
The above charges are applicable w.e.f. 16th Aug 2021.
| CUSTOMER TYPE | RATES |
| Home Loan | 7.5% - 16% |
| Home Equity | 12.5% - 15.5% |
Disclaimer:
*Interest rates mentioned above are variable in nature & is linked with RR of the company which is decided from time to time. It is further dependent on risk profile of customer - professional qualification, stability in earnings and employment, past repayment track record with us or other lenders, external ratings of customers, credit reports, customer relationship, future business opportunities and type of collateral offered etc. The current RR (reference rate) of the company is 16.00% effective from 01st August 2019. All loans are from Capri Global Housing Finance Ltd. Credit at sole discretion of Capri Global Housing Finance Ltd. Terms and conditions apply.For details terms & conditions of the loans under CGHFL, please refer attached the MITC in below link
How HFCs focussed on affordable housing finance for the informal sector are implementing this goal
Read more
