Charges

DCB Business Loans (Home Equity)

Loan Processing charges

Upto 1.5% of the loan amount, subject to a minimum of Rs. 10000/-, of which Rs 5000/- would be payable at the time of loan application (by way of a cheque/PO/DD), balance would be deducted at the time of loan disbursement.

Annual Maintenance Charges (DCB PayLess Home Operative Account)

Upto 1% of outstanding loan amount as on 31st March every year (Loan account Closing balance as per loan account statement). This will be an annual charge which will be normally debited from your DCB PayLess Home Operative account during the following quarter.

The annual charge would be debited if the excess fund deposited in the DCB PayLess Home Operative Account exceeds 30% (on an average basis for the preceding financial year)  of the loan outstanding as per the actual loan account statement as on the above mentioned period.

Prepayment (Foreclosure) Charges

1. Full pre-payment of the loan is not permitted in the first 12 months from the date of full disbursement.
2. 4% penalty plus applicable service tax would be charged to the customer on full pre-payment of the loan after a period of 12 months from the date of full disbursement. (Penalty would be applicable on such pre-payment amount including any part pre-prepayment made during the financial year)

Part – Prepayment Charges

1. No part-payment allowed in the first 6 months from the date of full disbursement.
2. No part-prepayment charges would be levied for part-prepayment upto a maximum of 25%of the outstanding loan amount at any point in time in a financial year. For any part-prepayment exceeding 25% of the outstanding loan amount, part-prepayment charges @ 4% plus applicable service tax would be levied on the entire amount part-prepaid in the given financial year.
3. No part-prepayment and reduction of EMI permitted in DCB PayLess Business Loan facility.

Re-Pricing Charges (Business Loan including PayLess Loans)

Upto 1% of principal outstanding (Minimum Fee of Rs 5000/-)

Penal Interest

3% per month.

Cheque/ECS swap charge

Rs. 500/- per event

Property Document Retrieval charge

Rs. 500/- per event

Cheque bounce charge

Rs. 500/- per event

Amortization Schedule

Rs. 100/- per schedule

Statement of Account

Rs. 100/- per statement

Foreclosure statement

Rs. 100/- per statement

Duplicate ‘No Objection Certificate’/’No Dues Certificate’

Rs. 100/-

Revalidation of ‘No Objection Certificate’

Rs. 100/- per NOC

Provisional Income Tax certificate

NIL

Final Income Tax Certificate

NIL

Interest Certificate

NIL

Change of Address

NIL

Loan Agreement Copy

Rs 500/- per event

‘No Objection Certificate’/’No Dues Certificate’

NIL