Used Car Loan

Type Amount
Bounce Fees Rs. 350/- + taxes
Late Payment Fees Rs. 150/- Per month + taxes
Swapping Fees Rs. 500/- Per Instance
No Objection Certificate ZERO First Time
Duplicate NOC Charges Rs. 500/- Per Instance
LPG/CNG- NOC (Other Special) Rs. 500/- Per Instance + taxes
Schedule Charges Online Free + taxes
Legal Charges At Actuals
Repossession Charges At Actuals
Parking & Auction Charges At Actuals
Incidental Charges At Actuals
Cancellation Charges Current Cancellation Charge, Within 7 days from Settlement ZERO & After 7 days from Settlement 6% or Rs.700/- Whichever is higher *
Before Settlement of Loan ZERO
- After Settlement of Loan 6% or Rs.700 whichever is higher
Foreclosure Charges 0~12 months : 6%
13~24 months : 5%
25 months & Above : 0%

Note: *Cancellation Charges + (Stamp duty, Processing fees, Valuation charges are non refundable) 6% of Principal Amount If the 1st EMI becomes due, then the loan will not be treated as “Cancellation” but will be treated as “Foreclosure”.

Important Information -

  • We request you to maintain sufficient balance on your account to debit the Emi on your payment due date as stated in your Sanction Letter to avoid any last minute hassles.
  • Paying well on time not only help you to avoid late fee but will also help you build a good credit score.
  • Please refer to your Sanction Letter for fee, charges and interest applicable to your loan.
  • Interest rate may vary from product & offers
  • The fee and interest shall be charged basis loan amount, commodity financed and specific offers.
  • Payment made through PayTM, ITZCash, Billdesk or PaynearBy will incur an additional processing fee.