Schedule of Charges for various Avanse Products
CHARGES Personal Loan Micro Enterprise Loan (MEL) - Business Loan (BL) Small & Medium Enterprise - BL MEL - Loan Against Property (LAP) SME - LAP Education Loan Education Institution Loan Loan to Financial Institution
Application Fee Nil Nil Nil Nil Upto Rs. 10,000/- Nil Rs. 10,000/- Nil
Loan processing fee Upto 2% of the loan Upto 3% of the loan Upto 2% of the loan 1% 0.50%
Cheque / ECS bounce changes
(per bounce)		 Rs. 400/- Rs. 2,500/- Rs. 1,000/- Rs. 1,000/- Rs. 400/- Rs. 1,000/- Rs. 1,000/-
Interest on Late Payment of EMI
(per month on overdue EMI amount/Interest amount)		 2% p.m. 24% p.a. 24% p.a.
PDC/NACH/ECS/DD Swap Charges (per swap) Rs. 1000/- Rs. 500/- Rs. 450/- Rs. 450/-
Collection pickup charges (per visit)
Rs. 500/- Rs. 750/- Nil Nil Rs. 500/- Rs. 250/-
Outstation collection, Legal / repossession, Stamp duty, Administrative and Valuation As applicable and on actual basis
Statement of Account Charges Nil Nil Nil Nil Nil Nil Rs. 450/- (Note: Nil for once a year.)
Document Retrieval or Handling Charges
(At the time of foreclosure)		 Rs. 1500/-
Copy of Property/Security Papers Nil Nil Nil Rs. 500/- Rs. 1500/- Rs. 500/- Rs. 500/- Rs. 500/-
Additional Repayment Schedule Nil Nil Nil Nil Rs. 500/- Nil Rs. 450/- Rs. 450/-
Foreclosure statement charges Nil Nil Nil Nil Rs. 500/- Nil Rs. 500/- Rs. 500/-
Copy of Sanction Letter Nil Nil Nil Nil Nil Nil Nil Nil
Loan Conversion, Cancellation and Non Encumberance Certificate As applicable and on actual basis
Demand Draft/Pay Order issuance charges Nil Nil Nil Nil Nil Nil Rs. 150/- per lac or actual bank charges, whichever is higher.
CERSAI Fees
(per property)		 Rs. 100/- Rs. 50/- for loans upto Rs. 5 lacs.
Rs. 100/- for loans above Rs. 5 lacs.
Full Pre-Payment / Foreclosure charges 4% of the POS Nil: For Individual Borrowers

4% of the POS: Other than individual borrowers and foreclosure within 12 months

3% of the POS: Other than Individual borrowers and foreclosure after the expiry of 12 months but before the expiry of 24 months

2% of the POS: Other than Individual borrowers and foreclosure after the expiry of 24 months but before the expiry of 48 months

Nil: Other than Individual borrowers and foreclosure after the expiry of 48 months
Nil

Note: No pre-payment allowed in the first 6 months of loan disbursement		 Pre-payment / Foreclosure not allowed in the first 12 months of loan disbursement.

4% of the POS: Pre-payment / Foreclosure after 12 months till 24 months.

2% of the POS: Pre-payment / Foreclosure after 24 months till 48 months.

Note: Pre-payment / Foreclosure allowed only twice a year.
Part Pre-Payment charges 2% of the Principal amount of Loan

* Maximum amount upto 25% of the current POS paid within 12 months.

** If part pre-payment amount paid exceed 25% of current POS paid in last 12 months, Full Pre-payment charges will be applicable.
 Individual Borrowers: Nil

Other than individual borrowers and pre-payment within 12 months: a. Upto 25% of POS – Nil, and b. More than 25% of POS - 4% +GST

Other than Individual borrowers and pre-payment after the expiry of 12 months but before the expiry of 24 months: a. Upto 25% of POS – Nil, and b. More than 25% of POS - 3% +GST

Other than Individual borrowers and pre-payment after the expiry of 24 months but before the expiry of 48 months: a. Upto 25% of POS – Nil, and b. More than 25% of POS - 3% +GST

Other than Individual borrowers and pre-payment after the expiry of 48 months: Nil

Note: Part pre-payment is allowed only once in a financial year (April – March). If any of the co-applicants/borrowers is a business entity, prepayment charges are applicable.		 Nil

Note: No pre-payment allowed in the first 6 months of loan disbursement
Note: The above charges will attract applicable statutory levies and GST.
POS - Principal amount of loan outstanding