familyhomefinance

Menu

Charges & Fees

Sl. No. Nature of Charge Amount
1 Copy of Welcome Letter and Amortization Schedule Nil
2 Processing Fee Upto 5% on Sanctioned amount
3 Fees/ charges refundable if loan amount is not sanctioned/ disbursed As per actual
4 Statement Request (Duplicate Interest Statement/ Statement of Accounts) Nil
5 Photocopy of title documents Nil
6 Recovery fees As per actual
7 Legal fees As per actual
8 Title search fees As per actual
9 Duplicate No due certificate Upto Rs. 2000 + applicable taxes
10 NOC issuance charge Upto Rs. 2000 + applicable taxes
11 Document Retrieval Fee Upto Rs. 2000 + applicable taxes
12 Change of repayment mode-PDC to PDC or ECS to ECS PDC/ECS to ACH Nil
13 PDC/ECS bounce charges Upto Rs. 2000 + applicable taxes
14 CERSAI charges As per CERSAI schedule of charges
15 Part pre-payment charges Nil
16 Full Pre-payment of loan/ foreclosure charges if applicable4 Upto 5% + Applicable taxes
17 Loan Cancellation Charges Interest accrued & due + applicable taxes
18 Penalty for delayed payments for Housing Loans Upto 36% per annum (inclusive of taxes) on overdue payment
19 Penal charges, for breach of material terms and Condition Upto 36% p.a. (inclusive of taxes) on the principal outstanding
20 Penalty for delayed payments for other Loans On case to case basis
21 Charges for switching of loans from floating to fixed rate and vice versa alonwgwith other service charges/administrative costs incidental to switching of loans Nil

Note:

  1. Above fees and charges are subject to change and will be at the sole discretion of FHFPL and any change in the aforesaid fees and charges, would be intimated to the customer.
  2. All the above charges are exclusive of GST.
  3. The term material terms and conditions shall mean such events which in the commercial reasonable assessment of the Company constitute non-compliance of the material terms and conditions as applicable to the sanctioned loan facility(ies).
  4. The Company will not charge pre-payment levy or penalty on pre-closure of housing loans under the following situations:
    • Where the housing loan is on floating interest rate basis and pre-closed from any source.
    • Where the housing loan is on fixed interest rate basis and the loan is pre-closed by the borrower out of their own sources.