| Description of charges | Commercial Vehicles Finance |
|---|---|
| EMI Return charges* | Rs. 550/- per instance |
| Part Prepayment charges / Premature closure charges* | 4 % of POS (Principle Outstanding)
For borrowers classified as Micro and Small Enterprises (MSE): 1. Prepayment of fixed rate loans upto ₹ 50 lacs is permitted without levying any prepayment penalty. |
| Cheque/ECS Swap Charges | Rs. 500/- per transaction |
| Duplicate Amortisation Schedule Charges | Rs. 200/- per schedule |
| Loan Re-schedulement/Rebooking Charges | ₹1000/- |
| Duplicate/Special NOC Charges | Rs. 500/- per instance |
| CIBIL Report Charges(on request) | Rs. 50/- per request |
| Stamp Duty | At actuals |
| Interest on delayed EMI Payment: | Interest will be charged on unpaid EMI for the number of days EMI is late. This interest is calculated at loan's contracted rate and will be added to next EMl. |
| Processing fees (Non-Refundable)* | New/Used Loans: up to 1.50% of the Loan Amount |
| Valuation charges* | Rs. 900/- per asset |
| Asset verification charges | At Actuals |
| Legal/Collection/Repossession and Incidental chargesIncidental charges are those expenses that are not budgeted or specified but are incurred by the bank on behalf of the customer. | At Actuals |
| Loan Cancellation | Rs 2500/-. Further, In the event of cancellation of loan, interest charges from disbursement date till refund of disbursement amount will be borne by the customer. Processing Fee, Stamp Duty are non-refundable charges and would not be waived/refunded in case of loan cancellation. |
| Registration Certificate (RC) / Collateral Documentation Collection Charges* | Rs. 500/- (per case) |
| Pre-Installment Interest | Interest from Disbursement Date to First Installment Interest Start Date (Deducted Upfront from Disbursement Amount on Disbursement Date) |
| CERSAI Charges | At actuals |
Commercial Vehicle Loans Fees & Charges
Average Rates offered to customer during the period of Jul to Sep 2025
| Bank IRR | ||
|---|---|---|
| Min IRR | Max IRR | Avg IRR |
| 7.81% | 18.20% | 10.01% |
Average Annual Percentage Rate offered to customer during the period of Jul to Sep 2025
| APR | ||
|---|---|---|
| Min APR | Max APR | Avg APR |
| 7.81% | 18.51% | 10.11% |
* Exclusive of GST
Note: * Wherever notified GST and other government levies, as applicable, would be charged additionally at the applicable rates.
If you pay your EMI after the due date, interest will be charged on unpaid EMI for the number of days you are late. This interest is calculated at your loan’s contracted rate and will be added to your next EMI.
Example:
📅 EMI Due Date: 10th
💰 Payment Made On: 25th
⏳ Delay: 15 days
💸Impact: Interest for these 15 days will be added to your next EMI.
Please pay on time to avoid such impact.