Documentation

Description of charges

Charges

Loan Processing Charges

Up to 2% of loan amount or Rs. 1000/- whichever is higher

Cheque bounce charges

Rs. 500

Foreclosure charges

4% on the principal outstanding

Stamp Duty

At actuals

Late payment charges

36% p.a.

Cheque swap charges / Duplicate NOC

Rs. 500/-

Valuation charges

At actuals - For used vehicles

Service Tax and other govt. taxes, levies, etc. applicable as per prevailing rate will be charged over and above these charges.

DCB Ltd. reserves the right to assess charges on transactions which are not covered by this schedule and to amend rates stated in this schedule, without prior or post notice to the Customer. The said schedule of charges is not exhaustive and the charges presently mentioned are at the rates currently prevalent and can be changed, any time and from time to time, at the sole and absolute discretion of DCB Ltd. and such changes shall be final and binding on all the customers of DCB Ltd.

ROI, MPLR, Base Rate are subjected to change.

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