Schedule of Charges. 1st January 2015 to 30th June Consumer Finance

Transcription

1 Schedule of Charges 1st January 2015 to 30th June 2015 Consumer Finance

2 Table of Contents A. NIB Small Business Loan 1 B. NIB Personal Loan 1 C. Auto Finance 1 D. Mortgage (Salaried Individuals / Self Employed) 2 E. Secured Personal Loan 2 F. Auto Lease / Loan 3 G. Unsecured Personal Loan Product 4 H. NIB Instant Cash 4

3 A. NIB Small Business Loan i) Enhancement & Top-Up Fee Rs. 2,000/- (flat) ii) Late Payment Charges iii) Pre-payment Charges iv) Annual Renewal Fee (For Running Finance Facilities) B. NIB Personal Loan Rs. 500/- or 10% of the due installment whichever is higher per installment. 5% of the outstanding Loan Amount Rs. 10,000 + FED for Sindh Rs. 5,000 + FED for North & Central i) Cheque Return Charges ii) Pre-payment Penalty iii) Late payment charges 1st year : 5% of the principal outstanding 2nd & subsequent years : 3% of the principal outstanding Rs. 550/- or 10% of the due installment whichever is higher per installment. C. Auto Finance i) Application Processing Charges ii) Late Payment Charges iii) Cheque Return Charges iv) Early Termination Charges 12 or less installments remaining 13 to 24 installments remaining 25 to 36 installments remaining 37 to 60 installments remaining v) Vehicle Repossession Charges vi) Issuance of Duplicate NOC vii) Appraisal Charges (Used / Imported Vehicle) viii)po Change Charges ix) Cheque/ Cash pickup from Office/Residence. x) Survey/ Evaluation Charges of Repossessed Vehicle xi) Penalty on late insurance premium xii) Warehouse charges for repossessed vehicle xiii) Comprehensive insurance charges xiv) Tracker Monitoring & Installation Charges (if installed by the bank) xv) Monthly Tracker Monitoring Charges Rs. 5,000/- Rs. 100/- per day or maximum of Rs. 1,000/- per month per installment whichever is higher 2% of the principal outstanding 3% of the principal outstanding 4% of the principal outstanding 5% of the principal outstanding Rs. 75,000/- Rs. 2,000/- Rs. 2,500/- Rs. 1000/- per visit. Cost at Actual up to maximum of Rs. 300/- per month Rs. 100/- per day or Rs. 1,000/- whichever is higher (per month) Cost at actual Up to the maximum of 2% per annum of the value of vehicle. Up to Rs. 3000/- 1

4 D. Mortgage (Salaried Individuals / Self Employed) i) Application Processing Charges (NR) a- Up to Rs. 5 mln. - Rs. 7,500/- b- Above Rs. 5 mln. to Rs. 10 mln. - Rs. 10,000 c- Above Rs. 10 mln. to Rs. 15 mln. - Rs. 15,000 d- Above Rs. 15 mln. - Rs. 20,000 ii) Appraisal Fee (NR) iii) Legal Fee (NR) Rs. 6,000/- for a single report Rs. 10,000/- iv) Pre-payment and partial payment penalty Early Settlement penalty (with own resources) i. First Year: 6% of the outstanding principal /partial payment amount ii. Second Year: 5% of the outstanding principal/partial payment amount iii. Third Year: 4% of the outstanding principal/partial payment amount iv. Fourth Year & onwards : 3% of the outstanding principal/partial payment amount. v) Loan Enhancement Fee vi) Late payment charges for financed or disbursed amount a- Up to Rs. 1 mln. b- Above Rs. 1 mln. to Rs. 5 mln. c- Above Rs. 5 mln. to Rs. 10 mln. d- Above Rs. 10 mln. to Rs. 25 mln. e- Above Rs. 25 mln. to Rs. 50 mln. vii) Documentation Charges viii) Cheque Return Charges Rs. 7,500/- Rs. 500/- or 10% of the due installment whichever is higher per installment At actual, including stamp duty, charges for legal documentation, on-site inspection during construction, lawyer s fee & charges registration fee, as advised by the relevant agencies/persons. ix) Income Estimation wherever applicable/ required. E. Secured Personal Loan Rs. 10,000/- i) Processing/Renewal Against Cash Deposit, DSC & National Saving Certificates Application Processing Rs. 1,500 Renewal fee on Cash line Rs. 2,500 ii) Premature termination charges 12 or less installments remaining 13 to 24 installments remaining 25 to 36 installments remaining 37 to 60 installments remaining Note: No pre termination charges will be charged in case of Running Finance/Cash Line iii) Cheque Return Charges iv) Late payment charges 2% of the principal outstanding 3% of the principal outstanding 4% of the principal outstanding 5% of the principal outstanding Rs. 550 or 10% of the due installment whichever is higher per installment v) Vehicle Repossession Charges Cost at Actual up to maximum of Rs. 75,000/- vi) Survey/Evaluation Charges of Repossessed Vehicle vii) Cheque Cash Pick-up from Office/Residence Cost at Actual up to maximum of Rs. 1,000/- per visit 2

5 viii) Penalty on late insurance premium Rs. 300/- per month ix) Warehouse Charges for repossessed vehicle Rs. 100/- per day or Rs. 1,000/- which ever is higher (per month) x) Monthly Tracker Monitoring Charges Up to F. Auto Lease i) Delayed Rental ii) Cheque Return Charges iii) Early Termination Charges 12 or less installments remaining 13 to 24 installments remaining 25 to 36 installments remaining 37 to 60 installments remaining 2% of due installment amount per month 2% of the principal Outstanding 3% of the principal Outstanding 4% of the principal Outstanding 5% of the principal Outstanding iv) Broken period mark up on Early Termination v) Vehicle Repossession Charges vi) Issuance of Duplicate Transfer Letter vii) Change of Assets a) Up to 1000 CC b) above 1000 CC viii) Application processing charges ix) Appraisal Charges (Used / Imported Vehicles) x) Survey/Evaluation Charges of Repossessed Vehicle xi) Warehouse Charges for repossed vehicle xii) Comprehensive Insurance Charges xiii) Tracker Monitoring & Installation Charges (if installed by the bank) xiv) PO change Charges xv) Cheque/Cash pickup from office/residence As per approved rates Rs. 75,000/- Rs. 2,000/- a) Rs. 6,000/- b) Up to Rs.15,000/- Rs. 5000/- Rs. 100/- per day or Rs. 1,000/- which ever is higher (per month) Cost at actual Up to the maximum of 2% per annum of the value of Vehicle Rs. 2,500/- Rs. 1,000/- per visit xvi) Penalty on late Insurance Premium Rs. 300/- per month xvii) Monthly Tracker Monitoring Charges Up to 3

6 G. Unsecured Personal Loan Product i) Processing Fee a) For Loans up to Rs. 200,000/- b) For Loans above Rs. 200,000/- Rs. 5,000/- ii) Late Payment Charges 10% of the installment or minimum Rs. 500/- per installment whichever is higher iii) Cheque Return Charges iv) Early Termination Charges 3 or less installments remaining 4 to 6 installments remaining 7+ installments remaining v) Life Insurance Premium a) Accidental b) Full vi) Documentation Charges 2% of the principal Outstanding 3% of the principal Outstanding 4% of the principal Outstanding a) Up to 1.5% of Loan Amount b) Up to 3% of Loan Amount Cost at actual H. NIB Instant Cash i) Service Fee (Markup) ii) Processing Fee iii) Annual Fee (Renewal Fee) iv) Facilty Reactivation charges v) Late Payment Fee vi) Enhancment Fee vii) Overlimit Fee viii) Cheque Return Charges ix) Duplicate Statement Charges x) Duplicate NOC 24% - 40% per annum Up to Rs. 5,000/- Minimum Rs. 2,500/- Rs. 2,000/- Rs. 2,500/- Rs. 1,000/- Up to Rs. 5,000/- Minimum Rs. 2,500/- Rs. 1,000/- Rs.500/- per returned cheque Rs.30/- per statement Rs. 500/- 4

7 General Notes: Correspondent bank charges, if any, will be recovered at actual or as per arrangement with the customer. Charges may differ as a result of an agreement between the concerned customer & the Bank. The Bank s Management reserves the right to waive any or all charges. All Government taxes/surcharges if any, are for customer's account and will be charged in addition to our charges. Where an account has become dormant as per the approved policy of the Bank, dispatch of statement of account will be stopped till such time the account(s) are reactivated or new address is made available/obtained by the Bank. No service charges shall be deducted from these accounts. Charges not mentioned in above section will be applicable as per normal branch banking charges. * Group Head / Business Head may waive the charges in view of business consideration. 5

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