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- Two Wheeler Loan
- Two Wheeler Loan Fee and Charges
- Vikaas Loan
- Vishwas Loan
- Warehouse Receipt Finance(FarmLoan)
These refer to the costs of taking out a Two Wheeler Loan, including processing fees, documentation charges, and foreclosure charges.
The processing fees can be up to 6% of the loan amount and may vary based on the asset and scheme the customer selects.
The interest rates is determined based on factors like the applicant's credit score, income and market conditions.
Foreclosure charges are 5% of the principal outstanding, plus applicable taxes.
No, processing fees are non-refundable as they cover the administrative costs incurred during loan processing.
Charges include processing fees, ECS/NACH charges, documentation fees, late payment charges, foreclosure charges, and part prepayment charges.
Interest rates vary by lender and applicant profile, so it's best to check with the specific lender for the current rates.
Additional charges may encompass document duplicate NOC charges, and repayment swap charges.
All fees are disclosed in the loan agreement. It’s crucial to review terms carefully to understand all applicable charges.
The foreclosure charge, plus taxes, is 5% of the principal outstanding.