| Description |
Charges |
| Prepayment Charges |
|
| Partial Prepayment |
NIL |
| Complete Prepayment |
NIL |
| |
| Service Charges |
|
| Duplicate Account Statement Request |
NIL |
| Duplicate Interest Certificate Request |
NIL |
| |
| Penal Charges |
|
| Bounce cheque/ECS bounce charges |
Rs. 500 per bounce |
Additional Interest” will be charged on delay in payment of the EMI or PEMII or any other amounts due to HFFC beyond the specified due dates. Additional interest will be charged at the prevailing fixed/floating interest rate from the Due Date until payment is made to HFFC on the amount that is overdue.
For eg.,if a Pre-EMI payment is made on 14th instead of the due date (4th), Additional Interest will be charged on the Pre-EMI amount for the period of 10 days at the same rate of interest that is applicable on the Loan |
Prevailing rate of interest on the Loan |
“Default Penalty” will be charged on the occurrence of any “Event of Default” as set out in the Loan Agreement on the Borrower’s Dues as defined in the Loan Agreement. Default penalty will be charged at 2% (p.a) from the date of occurrence of the “Event of Default” till the date of resolution.
For eg., if an EMI is paid 40 days after the due date, "Default Penalty" will be charged at the rate of 2% (p.a) on the Total Dues (Principal Outstanding plus interest / charges/ fees etc.) for a period of 40 days |
2 % p.a |
