Fees and Charges

What is Home Loan Processing Fees?

Planning to apply for a Home Loan? It's important to understand the associated fees and charges. This page provides a comprehensive overview of the various fees you might encounter during the Home Loan process. From processing fees to documentation charges, we've got you covered. Here is a simple break down of the fees and associated charges, so you can make informed decisions about your Home Loan.

Types of Home Loan Charges and Fees

When applying for a Home Loan, it's important to understand the various fees and charges associated with the process. Here are some common types of Home Loan charges:

1. Processing Fees:

A one-time fee charged by the lender to process your loan application.

2. Documentation Charges:

Fees levied for verifying and processing the required documents.

3. Stamp Duty:

A government fee charged on the loan agreement.

4. Legal Fees:

Fees charged for legal services related to property title verification and other legal formalities.

5. Valuation Fees:

Fees charged for property valuation to assess its market value.

6. Prepayment Charges:

A penalty fee charged for prepaying the loan before the end of the tenure.

It's essential to inquire about these fees and charges upfront to avoid any surprises during the loan process.

List of all fees and charges

Fixed Interest Rate –
i. Less than 1 year from disbursement – up to 3% on principal outstanding + applicable taxes
ii. Post 1 year of disbursement – up to 2% on principal outstanding + applicable taxes

Processing Fees / Documentation Charges:	Up to 3% of sanctioned amount + applicable taxes (this is inclusive of Login Fee)
Login Fees:	Up to ₹ 5000 (inclusive of applicable taxes)
Repayment / EMI Bounce Charges:	As shown in the table below
Loan sanction amount (in INR)	Charges in (in INR)
< ₹ 5 lakh	₹ 500
₹ 5 – ₹ 50 Lakhs	₹ 1000
> ₹ 50 Lakh – ₹ 2 Crore	₹ 1500
> ₹ 2 Crore	₹ 2000
Penal Charge/Late Payment Charges (LPC):	2% per month on overdue EMI + applicable taxes
	*LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec 2023
	*Taxes applicable on LPC w.e.f. 1st Apr 2024
Annual Maintenance Charges:	NA
Duplicate NOC Charges:	First 3 paper copies - free of cost
Duplicate NOC Charges:	₹ 250/- + applicable taxes
Repayment Swap Charges (per swap):	₹ 500/- + applicable taxes (applicable only for branch walk-ins)
Charges for documents:	Nil for Statement of Account/Repayment Schedule /Foreclosure Letter & Welcome Kit
Valuation Charges:	As per actuals
Documentation Charges:	As per actuals
Cash Pickup Charges:	Nil
Interest Rate Conversion Charges:	Up to 0.5% on Balance Loan Amt + applicable taxes (or) Minimum ₹ 10,000/– whichever is higher
List of documents:	₹ 300/ – +applicable taxes
Providing Photo copies:	₹ 500/ – +applicable taxes of the documents (property & others)
Charges incurred by LTF for initiating action under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002:	Issue of Loan Recall Notice = ₹ 500/ – Issue of Demand Notice = ₹ 1,000/ – Issue of Possession Notice = ₹ 2,000/ – Applying District Magistrate Order = ₹ 8,000/ – Taking Physical possession = ₹ 20,000/ – Actual cost incurred will be debited for expenses pertaining to Publication of Possession Notice/ Publication Demand Notice/Publication of Sale cum Auction Notice
Legal / Recovery Charges (Other than pertaining to SARFAESI):	As per actuals
Loan Cancellation Charges:	₹ 5000/ – + applicable taxes
Foreclosure / Full Prepayment Charges:	For Individual / Non-Individual Borrowers – Floating Rate – Nil Charge Fixed Interest Rate – i. Less than 1 year from disbursement – up to 3% on principal outstanding + applicable taxes ii. Post 1 year of disbursement – up
Foreclosure / Full Prepayment Charges – Home Loan:	Fixed Interest Rate – i. Less than 1 year from disbursement – up to 3% on principal outstanding + applicable taxes ii. Post 1 year of disbursement – up to 2% on principal outstanding + applicable taxes
Pre-payment Charges – Home Loan:	For Individual / Non-Individual Borrowers – Floating Rate – Nil Charge Fixed Interest Rate – i. Less than 1 year from disbursement – up to 3% on Partial Prepayment amount + applicable taxes ii. Post 1 year of disbursement – up to 2% on Partial / Prepayment amount + applicable taxes