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    RetailServiceCharges Adv English

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    Mohit Kumar
    The document outlines revised service charges for retail loans provided by a bank. It lists 11 loan products/schemes and details the processing fees charged for each. Key points include processing fees ranging from 0.25% to 2% of the loan amount, with minimum and maximum fee amounts provided. Discounts are offered in some cases such as for senior citizens or loans in rural areas. Festive season offers waiving processing fees are also noted.

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    © All Rights Reserved
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    RetailServiceCharges Adv English

    Uploaded by

    Mohit Kumar
    65 views4 pages
    The document outlines revised service charges for retail loans provided by a bank. It lists 11 loan products/schemes and details the processing fees charged for each. Key points include processing fees ranging from 0.25% to 2% of the loan amount, with minimum and maximum fee amounts provided. Discounts are offered in some cases such as for senior citizens or loans in rural areas. Festive season offers waiving processing fees are also noted.

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    The document outlines revised service charges for retail loans provided by a bank. It lists 11 loan products/schemes and details the processing fees charged for each. Key points include processing fees ranging from 0.25% to 2% of the loan amount, with minimum and maximum fee amounts provided. Discounts are offered in some cases such as for senior citizens or loans in rural areas. Festive season offers waiving processing fees are also noted.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    65 views4 pages

    RetailServiceCharges Adv English

    Uploaded by

    Mohit Kumar
    The document outlines revised service charges for retail loans provided by a bank. It lists 11 loan products/schemes and details the processing fees charged for each. Key points include processing fees ranging from 0.25% to 2% of the loan amount, with minimum and maximum fee amounts provided. Discounts are offered in some cases such as for senior citizens or loans in rural areas. Festive season offers waiving processing fees are also noted.

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    ANNEXURE VI

    w.e.f. 1st April 2016


    REVISED SERVICE CHARGES ON RETAIL LOANS
    [FUNCTIONAL DEPT.: RETAIL BANKING]
    (All charges are Exclusive of Service Tax)
    All the below mentioned charges shall be applicable to the new loans/limits
    Sanctioned /Reviewed
    Sr.
    No.
    01

    Scheme

    Charges

    Star Home Processing


    Loan/Star
    Charges
    Smart
    Home
    Loan/Star
    Pravasi
    Home Loan
    & Star Top
    Up Loan

    REVISED CHARGES
    For Individuals
    Loan Limit

    Charges- One Time


    (Exclusive of ST)

    For All Loan


    Amounts

    @0.25% of loan amount Min.Rs.1,000/- and


    Max. Rs.20,000/- (Plus S.T.)

    Partnership Firms & Corporate Borrowers


    Processing charges will be double that of applicable to individuals
    (Plus S.T.)
    For Rural Areas
    Processing charges will be 75% that of applicable to individuals in
    respect of loans availed by borrowers from rural areas from the
    Rural branches(Plus S.T.)

    Festive Offer From 01.09.2016 to 31.12.2016:


    ONLY FOR STAR HOME LOAN
    PROCESSING CHARGES NIL
    Prepayment
    Charges
    For floating
    rate Loans
    Prepayment
    Charges for
    fixed Rate
    Loans
    Conversion
    Charges

    02

    Star
    Diamond
    Home Loan

    Processing
    Charges

    NIL

    Pre-payment charges as under shall be applicable in case of


    takeover of Home loan by other Bank/F.I. & in respect of Home loans
    under fixed rate option.
    0.65% p.a. on the outstanding loan amount for the remaining
    maturity of the loan subject to max. of 2.25% of the outstanding loan
    amount
    Switchover from: Fixed to Floating ROI:- @ 0.25% p.a. on o/s
    balance for the remaining maturity of loan.
    Floating to Fixed ROI:- @ 0.40% p.a. on o/s balance for the
    remaining maturity of loan.
    For i & ii above: Max. Charge: 2.10% of o/s balance
    One time processing charge of Rs.50, 000 or maximum as per Star
    Home Loan Scheme, whichever is higher.
    No other
    charges will be applicable except actual out of pocket expenses.
    (Plus S.T.)
    Pre-payment charge/conversion charge, etc. same as (01), above.

    Festive Offer From 01.09.2016 to 31.12.2016:


    PROCESSING CHARGES NIL

    03

    Star
    Loan Processing
    Against
    Charges
    Property

    For Loan (Repayable by installments)


    One time @ 1% of sanctioned loan amount Min. Rs.5,000/- and
    Max. Rs.50,000/-.(Plus S.T.)
    For Mortgage OD (Reducible) (Plus S.T.)
    0.50% of the Sanctioned limit min.Rs.5,000/- and
    Max. Rs.30,000/- for 1st year at the time of original sanction.
    0.25% of the Reviewed limit min.Rs.2,500/- and
    Max. Rs.15,000/- for subsequent years.
    For Mortgage OD (Not reducible )
    0.50% of the Sanctioned/Reviewed limit min.Rs.5,000/- and
    Max. Rs.30,000/- on annual basis. (Plus S.T.)
    For Rural Areas
    Processing charges will be 75% that of normal applicable charges in
    respect of loans availed by borrowers from rural areas from the Rural
    branches(Plus S.T.)

    Star
    Loan Mortgage
    Against
    Fee
    Property

    04

    05

    06

    Star
    Personal
    Loan, Star
    Holiday
    Loan
    &
    Loan
    to
    Central/Stat
    e
    Govt.Emplo
    yees
    Star
    Pensioner
    Loan

    Processing
    Charges

    Limits upto Rs.10 lacs

    Rs. 5,000/-(Plus S.T.)

    Limits exceeding Rs.10 lacs & upto Rs.10,000/-(Plus S.T.)


    Rs. 1 crore
    Mortgage Loans over Rs.100 lacs up
    Rs.20,000/-(Plus S.T.)
    to Rs.500 Lacs.
    One time @ 2.00% of loan
    amount Min. Rs.1000/- and Max.
    Rs.10,000/- (Plus S.T.)
    No processing charges for Senior Citizens (60 years & above)

    Processing
    Charges

    Star Vehicle Processing


    Loan
    Charges

    a) No Processing charges for Senior Citizens (Age 60 years &


    above).
    b) For others- One time @ 2% of loan amount Min.Rs.500/- and
    Max. Rs.2000/- (Plus S.T.)
    For Individuals
    For New Four Wheeler
    Loan
    For
    New
    Two
    wheeler/2nd
    hand
    vehicles
    (both
    2/4
    wheeler)

    Rs.500/- per application,


    irrespective of limit (Plus S.T.)
    1% of loan amount minimum
    Rs.500/- and Max.Rs.10,000/(Plus S.T.)

    No processing charges for Senior citizens, Retired employees of the


    Bank and pensioners drawing pension from our Bank.
    For Partnership firms/Corporates
    Processing charges will be double that of applicable to individuals.
    For Rural areas
    Processing charges will be 75% of that applicable to individual
    borrowers, subject to minimum of Rs.500/- in respect of loan availed
    by borrowers from rural areas/ from rural branches.

    Festive Offer From 01.09.2016 to 31.12.2016:


    PROCESSING CHARGES NIL

    07

    Star
    Loan

    Education Processing
    charges

    08

    Doctor Plus

    Processing
    charges

    09

    EMD Scheme

    10

    Reverse
    Mortgage Loan

    Processing
    charges
    Processing
    charges

    No processing charges.
    a) No Processing charges for study in India.
    b) For study abroad : Processing charges Rs.5,000/(Processing charge excluding Service Tax to be refunded
    once actual loan is availed. Applicant/s to be suitably
    advised about this condition at the time of submission of
    application and consent letter to be obtained from the
    applicant/s to avoid dispute at later stage)
    Student applicant may be required to pay fee/charges, if any,
    levied by third party service providers who operate common
    portal for lodging loan applications set up.
    One time charges for any Deviations from the Scheme norms
    including approval of courses outside scheme
    Upto Rs.4.00 lacs
    Rs. 500/-*
    Over Rs.4.00 lacs upto Rs.7.50 lacs
    Rs.1,500/-*
    Over Rs.7.50 lacs upto Rs.20.00 lacs
    Rs.3,000/-*
    * (Plus S.T.)
    50% concession in charges as applicable to
    members of public. for Personal Loan and Vehicle loan .
    (Plus S.T.)

    One time Rs.500 per application


    (Plus S.T.)
    Loan Amount
    Upto Rs.5 lacs
    Upto Rs.10 lacs
    Upto Rs.20 lacs
    Upto Rs.25 lacs

    Processing Charges
    Rs.1250 + ST
    Rs.2500 + ST
    Rs.5000 + ST
    Rs.6250 + ST

    Valuation report fees and Advocates fees to be borne by the


    borrower.(Above charges may be recovered from the loan amount
    payment to be made to the borrower). Annual Service Charge @
    0.25% on the loan amount outstanding/recoverable at the time of
    annual review. (Charges to be recovered from the loan amount
    payable or separately from the borrower).

    11

    Star IPO

    Processing
    Charges

    1.00% of limit sanctioned min. Rs.1000/- and max. Rs.5000/per account to be recovered at the time of sanction of limit
    and at annual review. (Plus S.T.)

    Special Note :
    i.

    Charges to be borne by the borrower for :


    Valuation of property from Banks approved valuer;
    Obtention of Title Clearance Report from Advocate on Banks approved panel;
    Registration of charges with the office of the Sub-Registrar (wherever applicable);
    Registration of charge with ROC (wherever applicable), etc., to be borne by the
    borrower;
    e) Stamping charges for execution of documents;
    f) Creation of charge on assets to be charged to the Bank etc.
    Premia for Insurance of property/assets charged to the bank to be borne by the borrower.
    No Inspection charges on Retail Loan Schemes. However, actual out of pocket expenses
    to be recovered from the borrower.
    Credit Information Report charges (for furnishing a copy of Credit Information report
    obtained from CIC to the applicant, at his request): Rs. 50/-.
    CERSAI registration Charges: As per Annexure I.
    Processing charges waived for staff members as per HO BC 98/56 dated 29.06.2004.
    a)
    b)
    c)
    d)

    ii.
    iii.
    iv.
    v.
    vi.
    vii.

    ..4..
    CERSAI registration Charges:
    w.e.f. 1st April 2016
    Fee Chargeable as specified in the Table under rule 7
    All the charges are excluding Service Tax
    Serial
    No
    1.

    2.

    3.

    4.

    5.

    6.

    7.
    8.

    9.

    10.

    Sr. No.

    1
    2
    3

    Nature of transaction to be
    Register
    Particulars
    of
    creation
    or
    modification of security interest by
    way of mortgage by deposit of title
    deeds.

    Rule

    Particulars
    of
    creation
    or
    modification of security interest by
    way of mortgage of immovable
    property other than by deposit of
    title deeds
    Particulars
    of
    creation
    or
    modification of security interest in
    hypothecation
    of
    plant
    and
    machinery, stocks, debt including
    book debt or receivables, whether
    existing or future.

    Sub-rule (2A)
    of rule 4.

    Form I

    Sub-rule (2B)
    of rule 4.

    Form I

    Particulars
    of
    creation
    or
    modification of security interest in
    intangible assets, being know-how,
    patent, copyright, trade mark,
    licence, franchise or any other
    business or commercial right of
    similar nature
    Particulars
    of
    creation
    or
    modification of security interest in
    any under construction residential or
    commercial building or a part
    thereof by an agreement or
    instrument other than by mortgage.
    Particulars of satisfaction of charge
    for security interest filed under subrule (2) and (2A) to (2D) of rule 4

    Sub-rule (2C)
    of rule 4.

    Sub-rule (2)
    of rule 4.

    Form.
    Form I

    Form I

    Amount of fee payable


    Rs.100 for creation and for any
    subsequent modification of security
    interest for a loan above Rs.5 lakh.
    For a loan upto Rs.5 lakh, the fee
    would be Rs.50 for both creation and
    modification of security interest.
    NIL

    Rs.100 for creation and for any


    subsequent modification of security
    interest for a loan above Rs.5 lakh.
    For a loan upto Rs.5 lakh, the fee
    would be Rs.50 for both creation and
    modification of security interest.
    Rs.100 for creation and for any
    subsequent modification of security
    interest for a loan above Rs.5 lakh.
    For a loan upto Rs.5 lakh, the fee
    would be Rs.50 for both creation and
    modification of security interest.

    Sub-rule (2D)
    of rule 4.

    Form I

    Sub-rule
    (2),(2A), (2B),
    (2C), (2D) of
    rule 4.
    -

    Form II

    Rs.100 for creation and for any


    subsequent modification of security
    interest for a loan above Rs.5 lakh.
    For a loan upto Rs.5 lakh, the fee
    would be Rs.50 for both creation and
    modification of security interest.
    NIL

    Particulars of securitization or
    Form III
    Rs.500/reconstruction of financial assets
    Particulars of
    satisfaction of Form IV
    Rs.50/securitization
    or
    reconstruction
    transactions
    Any application for information Rs.10/recorded/maintained in the Register
    by any person
    Any application for condonation of Sub-rule (2) Not exceeding 10 times of the basic
    delay up to 30 days
    of rule 5.
    fee, as applicable
    ADDITIONAL FEE APPLICABLE FOR DELAY IN FILING OF RECORDS WEF 22.1.2016
    Number of days of delay Additional
    fee
    to Illustration
    in filing of chargeable charged
    transaction
    From 31 to 40 days
    Twice the amount of If the applicable fee is Rs.100/- then
    applicable fee
    additional fee applicable will be Rs.200/From 41 days to 50 days
    Five times the amount of If the applicable fee is Rs.100/- then
    applicable fee
    additional fee applicable will be Rs.500/From 51 days to 60 days
    Ten times the amount of If the applicable fee is Rs.100/- then
    applicable fee
    additional fee applicable will be Rs.1000/-

    All the above charges are excluding Service Tax.


    Provided that where particulars of transaction of creation or modification of more than one security
    interest are filed by a person, the fee payable by such person shall be the one that is the highest among
    the fee prescribed for security interest for which particulars of creation or modification are filed by such
    persons.

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