FEES & CHARGES
Processing Fees |
Up to 2% of Loan Amount plus applicable taxes(If paid by customer for availing the loan is non refundable) |
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Part Prepayment / Foreclosure Charge – Home Loan |
· Floating Rate Loans:
· Fixed Rate Loans:
Else
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Part Prepayment / Foreclosure Charge – Non-Housing |
· Floating Rate Loans:
· Fixed Rate Loans:
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Charge for Late payment |
24 % per annum |
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Cheque Swap Charge |
Up to Rs. 500 plus applicable taxes per Swap |
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Document Retrieval Charge |
Up to Rs. 500 plus applicable taxes |
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Cheque Bounce Charge |
Up to Rs.500 plus applicable charges per bounce |
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Duplicate Statement Issuance Charge |
Rs. 500 plus applicable taxes per document |
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Cheque Pick up Charge |
Up to Rs. 150 plus applicable taxes per pick up |
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Non-adherence of any terms and conditions of the Documents executed by the Borrower, for the period beginning the date of such non-compliance until the same is cured to the satisfaction of the Lender + applicable taxes |
Delayed Period |
Additional Interest rate above the prevailing interest charge on the loan amount |
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90 days |
1% |
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Beyond 90 days |
2% |
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CERSAI charges |
You may visit the website of CERSAI (www. cersai.org.in) for details of such charges. |
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NeSL Data Submission Charges(plus applicable taxes) |
Applicant |
Companies/LLPs |
Other Commercial entities |
Individuals |
Data submission per loan record of a borrower for each year |
· 1st loan record – Rs. 300/-
· 2-10 loan record – Rs. 100/- each;
· 11th onwards – Rs. 50/- each
· Annual renewal fee – Rs-250/- |
· 1st loan record – Rs. 150/-
· 2nd onwards – Rs. 50/- each
· Annual renewal fee – Rs-125/- |
· Unsecured- All loan records- Rs. 25/- each
· Secured- All loan records – Rs. 50/- per loan account (one time fee) (Rs.10 for annual updation after completion of period of 5 years from the date of 1st submission) |
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Stamp Duty & other statutory Charges |
As per applicable laws of the State |
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Conversion Fee |
Our esteemed borrowers have an option to reduce the applicable rate of interest on their loan by changing the spread. This rate change option is available to Salaried, Self Employed Professional (SEP) and Self Employed Non- Professional (SENP) who have availed below loans under Floating Rate of Interest –
Options available post opting for reduction in rate of interest: Reduction in Tenor keeping the current EMI constant OR Reduction of EMI keeping the current Tenor constant Process Details- Conversion-reduction in the margin Conversion Fee is payable on the principal outstanding at the time of changing and will be charged at the sole discretion of the Edelweiss Housing Finance Ltd (hereinafter referred as EHFL). Conversion fees: – 1.5%+applicable taxes on Principal Outstanding. Rate reduction through spread change will be at the discretion of EHFL and will depend upon various factors like: –
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*Nil foreclosure charges/pre-payment charges applicable for floating term home loans in which applicant is individual irrespective of co-applicant being individual/ non-individual. ** Nil foreclosure charges/pre-payment charges applicable for floating rate loan against property sanctioned for loan purposes other than business to individual borrowers with or without co-obligant(s). ***Non individual borrower means and includes Sole Proprietorship Concern, HUF, Partnership Firm, Company, Limited Liability Partnership (LLP), AOI, BOI. ****‘Own Source’ for this purpose means any source other than borrowing from a Bank / Housing Finance Company (HFC) / Non-Banking Financial Company (NBFC) or Financial Institution. You shall be required to submit a Prepayment Request Letter along with copies of your Bank Statement or any other document that the Company deems necessary to ascertain the source of funds used for the prepayment. All charges, taxes, levies etc. applicable as per the prevailing rate will be charged over and above these charges. This statement of charges is as on date of disbursement and are subject to changes / revision from time to time and the same will be updated on the website |
FEES & CHARGES
Processing Fees |
Up to 2% of Loan Amount plus applicable taxes(If paid by customer for availing the loan is non refundable) |
|||
Part Prepayment / Foreclosure Charge – Home Loan |
· Floating Rate Loans:
· Fixed Rate Loans:
Else
|
|||
Part Prepayment / Foreclosure Charge – Non-Housing |
· Floating Rate Loans:
· Fixed Rate Loans:
|
|||
Charge for Late payment |
24 % per annum |
|||
Cheque Swap Charge |
Up to Rs. 500 plus applicable taxes per Swap |
|||
Document Retrieval Charge |
Up to Rs. 500 plus applicable taxes |
|||
Cheque Bounce Charge |
Up to Rs.500 plus applicable charges per bounce |
|||
Duplicate Statement Issuance Charge |
Rs. 500 plus applicable taxes per document |
|||
Cheque Pick up Charge |
Up to Rs. 150 plus applicable taxes per pick up |
|||
Non-adherence of any terms and conditions of the Documents executed by the Borrower, for the period beginning the date of such non-compliance until the same is cured to the satisfaction of the Lender + applicable taxes |
Delayed Period |
Additional Interest rate above the prevailing interest charge on the loan amount |
||
90 days |
1% |
|||
Beyond 90 days |
2% |
|||
CERSAI charges |
You may visit the website of CERSAI (www. cersai.org.in) for details of such charges. |
|||
NeSL Data Submission Charges(plus applicable taxes) |
Applicant |
Companies/LLPs |
Other Commercial entities |
Individuals |
Data submission per loan record of a borrower for each year |
· 1st loan record – Rs. 300/-
· 2-10 loan record – Rs. 100/- each;
· 11th onwards – Rs. 50/- each
· Annual renewal fee – Rs-250/- |
· 1st loan record – Rs. 150/-
· 2nd onwards – Rs. 50/- each
· Annual renewal fee – Rs-125/- |
· Unsecured- All loan records- Rs. 25/- each
· Secured- All loan records – Rs. 50/- per loan account (one time fee) (Rs.10 for annual updation after completion of period of 5 years from the date of 1st submission) |
|
Stamp Duty & other statutory Charges |
As per applicable laws of the State |
|||
Conversion Fee |
Our esteemed borrowers have an option to reduce the applicable rate of interest on their loan by changing the spread. This rate change option is available to Salaried, Self Employed Professional (SEP) and Self Employed Non- Professional (SENP) who have availed below loans under Floating Rate of Interest –
Options available post opting for reduction in rate of interest: Reduction in Tenor keeping the current EMI constant OR Reduction of EMI keeping the current Tenor constant Process Details- Conversion-reduction in the margin Conversion Fee is payable on the principal outstanding at the time of changing and will be charged at the sole discretion of the Edelweiss Housing Finance Ltd (hereinafter referred as EHFL). Conversion fees: – 1.5%+applicable taxes on Principal Outstanding. Rate reduction through spread change will be at the discretion of EHFL and will depend upon various factors like: –
|
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*Nil foreclosure charges/pre-payment charges applicable for floating term home loans in which applicant is individual irrespective of co-applicant being individual/ non-individual. ** Nil foreclosure charges/pre-payment charges applicable for floating rate loan against property sanctioned for loan purposes other than business to individual borrowers with or without co-obligant(s). ***Non individual borrower means and includes Sole Proprietorship Concern, HUF, Partnership Firm, Company, Limited Liability Partnership (LLP), AOI, BOI. ****‘Own Source’ for this purpose means any source other than borrowing from a Bank / Housing Finance Company (HFC) / Non-Banking Financial Company (NBFC) or Financial Institution. You shall be required to submit a Prepayment Request Letter along with copies of your Bank Statement or any other document that the Company deems necessary to ascertain the source of funds used for the prepayment. All charges, taxes, levies etc. applicable as per the prevailing rate will be charged over and above these charges. This statement of charges is as on date of disbursement and are subject to changes / revision from time to time and the same will be updated on the website |
Nido is regulated by the National Housing Bank (NHB) vide Certificate of Registration (CoR) No. 03.0081.10 dt. 18/03/2010. However, NHB does not accept any responsibility or guarantee about the present position as to the financial soundness of Company or correctness of any of the statements or representation made or opinion expressed by the Company.