Fees & Charges - MITC

 
Urban Retail Pricing Grid – Effective 11th Feb’19
Particular /Property Type Documented (GTM/ CPM/BS/LIP, Any other as released by Policy) Non Documented (NIP, Low LTV & Any other as released by Policy)

Development Authority (i.e IDA/ JDA/UIT/ Municipal Corporation/ Nagar Parishad/ Nagar Palika/ Nagar Panchayat / Co-operative Housing Society in Gujarat & Maharashtra/ State Housing Boards / 90 A & 90B Technically approved )

SORP, SOCP

14.25%

14.75%

Rented Residential/ Commercial property/ Mix Use property/SOIP

14.75%

16.75%

Vacant Residential / Commercial Property

16.75%

17.75%

Rented Industrial property/ vacant plots

17.75%

18.75%

Gram Tal/ Gaonthan/ Gram Panchayat Property / Unapproved Society Properties / Gunthewari/ Laldora / Sahaj Properties

SORP, SOCP

15.75%

16.75%

Rented Residential / Commercial property, Mix Use property/

16.75%

17.75%

Vacant Residential

18.00%

19.00%

Sahaj Properties / Gaon Than / Gram Thal / Unapproved Society Properties

19.00%

20.00%

UR / MSME TARIFF CARD / FEES & CHARGES GRID - Applicable from 11th Feb, 2019.
Sl.No Details of Fees Charged Charges Applicable exclusive of GST
i. ON APPLICATION

Application Fees (IMD) – Non-refundable

Rs. 3,500/

Stamp Duty Charges & MOE Charges

On actuals

 
ii. FROM DISBURSEMENT

Processing Fees

Loans Up to Rs. 10 Lacs – 2% + GST
Loans Above 10 Lacs Up to 40 Lacs – 1.75% + GST
Loans Above Rs. 40 Lacs – 1.50% + GST
For Sahaj Loans – 2.5% + GST

CERSAI charge creation

Rs. 50/- for loans < Rs. 5 lacs and 
Rs. 100/- for loans > Rs. 5 lacs

Legal Opinion Charges

Rs. 3,000/- per collateral

Legal Handling Charges (only in Balance Transfer / Resale loans)

Rs. 1,500/-

Valuation Charges

Rs. 2,000/

Subsequent Valuation Charges (only in construction cases)

Rs. 500/-

Document Verification Charges (FCU)

Rs. 750/-

Document Handling Charges

0.1% of Loan amount (rounded off to nearest multiple of 50)

Income Estimation Charges (LIP)

Rs. 1,750 (where applicable)

ROC Lien updation Charges

Rs. 2,500 (where applicable)

 
iii. DURING THE TERM OF LOAN

Loan Cancellation Charges

Rs.5,000/-

Loan Rebooking Charges

Rs. 2,500/-

PDC/ ECS/ NACH Dishonour Charges

Rs. 750/- per instance

Default / Late Payment Interest Rate

36% p.a. of outstanding dues

Collection Charges (Applicable only in cases of collection executive visits)

Rs. 350 per visit

Recovery (Legal / Possession & Incidental Charges)

On Actuals

Repayment Swapping charges

Rs.500/-

List of Documents Retrieval Charges (LOD charges)

Rs.1100/- per instance

Copy of Property Papers Retrieval Charges

Rs.1000/- per instance

Duplicate No dues certificate

Rs.500/-

Document Retrieval Charges (Any Other not mentioned above)

Rs. 500/- per instance

Foreclosure & Any other type of Statement Charges

Rs. 500/-

ROI Conversion Charges / Switch Fees

0.5% of Principal Outstanding of every 1% of rate reduction OR Rs. 10,000/- whichever is higher

 
iv. PREPAYMENT CHARGES (FIXED RATE TENOR OF SEMI-FIXED LOANS)
A.

Pre-payment is not allowed in first 12 Months from the date of first disbursal

B.

Amount up to 25% of Principal Outstanding is NIL, Once in any Financial Year

C.

Part-Prepayment amount to be minimum 3 EMI equivalent amount

D.

Prepayment charges (part/ full) to be 5% from 13-24th month from the date of 1st disbursal

E.

Prepayment charges (part/ full) to be 3% from 25th to 36th month from the date of first disbursal

F.

Prepayment charges (part/ full) to be NIL after 36 months from the date of first disbursal

 
v. PREPAYMENT CHARGES (FLOATING RATE LOANS AND FLOATING RATE TENOR OF SEMI-FIXED LOANS)
  Individual Non-Individual
A.

Pre-payment is not allowed in first 12 Months from the date of first disbursal

B.

Amount up to 25% of Principal Outstanding is NIL, Once in any Financial Year

C.

Part-Prepayment amount to be minimum 3 EMI equivalent amount

D.

Prepayment charges to be NIL in Floating rate loans and NIL during the Floating ROI tenor of Semi-Fixed rate loans

Prepayment charges (part/ full) to be 5% from 13-24th month from the date of 1st disbursal

Prepayment charges (part/ full) to be 3% from 25th to 36th month from the date of first disbursal

Prepayment charges (part/ full) to be NIL after 36 months from the date of first disbursal

All charges stated herein are exclusive of G.S.T. as applicable from time to time. All Charges stated above are subject to change at the discretion of CGCL. The above charges are applicable w.e.f. 11th Feb 2019.