Other Terms and Conditions

OTHER TERMS AND CONDITIONS

JEWEL LOAN:

For loans upto Rs.20,000/- minimum Interest is Rs.50/- or actual interest whichever is higher shall be collected.

It is mandatory to maintain Loan To Value ratio at 75% at all times. Else the loan will be treated as irregular and necessary steps will be taken to keep the account in order.

Penal charges @2% over and above the applicable rate shall be charged on the entire balance outstanding in the account from the due date till the date of regularization.

Appraiser fees shall be @0.25% of the loan amount with Rs.20/- as minimum and Rs.250/- as maximum.

For all the loans of Rs.1 lakh and above, documentation charges is Rs.100/- and NIL for others.

Handling charges for overdue jewel loan is collected as under:

For loans upto Rs.20,000/-	Rs.100/- + GST
For loans above Rs.20,000/- and upto Rs.1,00,000/-	Rs.200/- + GST
For loans above Rs.1,00,000/-	Rs.250/- + GST

All overdue loan jewels shall be reappraised and applicable charges are to be collected from the borrower/debited to the borrowers account.

TERM LOAN

Documentation charges is Rs.500/- + GST for all loans.

At the time of inspecting the property offered as security, inspection charges of Rs.500/- +GST shall be collected if the property is located within the city limit and Rs.500 + GST plus actual conveyance expenses shall be collected, if the property is located outside the city limit.

Minimum one month interest shall be collected if the loan is prepaid.

All assets created out of our loan should be insured and collateral securities offered should also be insured wherever applicable.

If the installment and or interest are not paid on the due date, the penal charges @2% over and above the applicable rate will be charged on the entire balance outstanding in the loan account from the date of irregularity till the loan is regularized.

CIBIL charges of Rs.500/- + GST will be collected from every individual.

For loans to second hand machineries / vehicles, valuation certificate from approved valuer is compulsory and the applicable charges would be borne by the borrower.

Loan processing charge is 1% of the loan amount.

Whenever any immovable property is taken as security CERSAI registration charges of Rs.200/- + GST per property shall be charged.