Schedule of Charges:
The Fees/Charges as mentioned below are subject to change at the sole discretion of SBFC Finance Ltd. Any change in below listed Fees /Charges would be done by way of prior communication via SMS/Email and also Borrower can refer company website for the updated list of charges.
Mortgage:
Sr |
Charge Type |
Charge Amount with Terms applicable |
1 |
Late Payment Interest in the event of Default |
3% Monthly in addition to applicable interest on all Over dues EMI |
2 |
Broken Period Interest / Pre-EMI Amount |
Amount chargeable as interest from the date of disbursement of loans in terms of the agreement till the date of commencement of first repayment date for payment of EMI. This amount would be upfront deducted from the Loan amount. |
3 |
Pre-payment charges |
|
4 |
Partial Prepayment |
|
5 |
Cheque Bounce charges |
Upto Rs. 2000/- |
6 |
PDC Swapping Charges |
Rs 1000/- per swapping |
7 |
Hardcopy of Statement of Account |
Rs 500/- per statement |
8 |
Hard copy of Repayment Schedule |
Rs 500/- per statement |
9 |
Fees for photocopy of property documents |
1000/- |
10 |
Document retrieval charges on closed loan |
A charge of Rs 1000 + GST is applicable if document is not collected from SBFC Branch within 21 days from the date of intimation for collection of property papers. On crossing 30 days, SBFC as per the process will send back the documents to Storage and subsequent retrieval would be done basis request from customer and same would be made available within 21 days |
11 |
Hardcopy of Balance Outstanding Letter/ Foreclosure letter |
Rs 500/- |
12 |
Switch Fee |
Fee Structure Up to Rs 25 Lacs Rs 2500/- 25 Lacs & Above Rs 5000/- |
13 |
Legal, Collection and Incidental Charges |
At Actual |
14 |
Stamp Duty and other Statutory Charges |
As per applicable laws. Stamp Duty amount for execution of Loan agreement would be either deducted from Loan amount or collected upfront by our Authorized sales representative
|
15 |
CERSAI / CIBIL / ROC charges |
As applicable |
16 |
Processing Fees
|
As per Sanction Letter |
17 |
Fees for Hard Copy of NOC |
Rs 500/- |
*GST applicable would be levied on the charges
Loan Against Gold:
Sr |
Charge Type |
Charge Amount with Terms applicable |
1 |
Processing Fee |
Upto 1% + GST on Loan Amt |
2 |
Penal Interest |
Upto 12% on Principal O/s |
3 |
Foreclosure/Renewal Charge |
0.25% + GST on Principal O/s |
4 |
Auction Admin Charges |
Rs. 2000/- |
5 |
Charges for Auction Notices |
45 per notice |
*GST applicable would be levied on the charges