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Charges on Retail Loan Scheme

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Annexure - II
Charges on Retail Loans Schemes (Loan to Individuals) w.e.f. 01.08.2019
I. Loan processing charges
Oriental Home Loan

















Takeover Charges - Oriental Home Loan
UNIFIED SERVICE CHARGES (Excl GST)
Slab Wise - Metro/ Urban) (Per Property) Slab Wise - (Semi-Urban/ Rural) (Per Property)
Loan amount

Upto ₹ 25 lacs 0.60% of Loan Amount
Minimum: ₹ 12000/-
Maximum: ₹ 15000/-

Above ₹ 25 lacs but upto Rs. 50 lacs
0.60% of Loan Amount
Minimum: ₹ 20000/-
Maximum: ₹ 30000/-

Above ₹ 50 lacs 0.40% of Loan Amount
0.40% of Loan Amount
Minimum: ₹ 20000/-
Maximum: ₹ 45000/-
Loan amount

Upto ₹ 25 lacs 0.50% of Loan Amount
Minimum: ₹ 10000/-
Maximum: ₹ 12500/-

Above ₹ 25 lacs but upto Rs. 50 lacs
0.50% of Loan Amount
Minimum: ₹ 15000/-
Maximum: ₹ 25000/-

Above ₹ 50 lacs 0.40% of Loan Amount
0.40% of Loan Amount
Minimum: ₹ 20000/-
Maximum: ₹ 35000/-
Upto ₹ 50 lacs: Rs. 10000/- *
above ₹ 50 lacs: Rs. 15000/- *

(* these charges are applicable in case of takeover from Public sector/ Private sector Banks only)
In case of takeover from HFC/NBFC, normal applicable charges as mentioned above shall be applied.
Car / Vehicle Loan
If the customer is directly approaching the branch the Unified Service Charges (Excl GST)
Two Wheelers: 0.50% of loan amount Minimum of ₹ 750/- and Maximum of ₹ 5000/-.
Four Wheelers: 0.50% of loan amount Minimum of ₹ 2500/- and Maximum of ₹ 7500/-..
If the Lead is generated through car dealers
Four Wheelers: 1% of loan amount subject to minimum of ₹ 500/- & maximum ₹ 7000/- plus GST.
Education Loan
Institutions Process Fee
For study in India NIL irrespective of loan limit
For study abroad

Upto ₹ 4.00 Lac – Nil

Above ₹4.00 Lac - 1 % of loan amount subject to Minimum ₹ 10000/- +GST, if any.

For study abroad: The fee would be refunded to the student on taking up the course (excluding GST if paid to Government).

Oriental Mortgage Loan Scheme (OMLS)
Per Property (Term Loan)  0.50% of Loan amount -Minimum Rs.10000/- and Maximum Rs.50000/- Plus GST
(OD facility) 0.50% of Loan amount -Minimum Rs.10000/- and Maximum Rs.50000/- Plus GST (Review Charges both T/L and OD facility-Standard account Rs.1000/- GST Irregular (EAS/SMA) Rs.2500/- plus GST.
Oriental scheme for financing against Govt. Securities ₹ 10/- per certificate with a minimum of ₹ 50/ +GST, if any. However, postal charges, if any, shall also be paid by the borrower.
Oriental Loan against Gold Ornaments Scheme 0.50% of the loan amount plus GST, if any.
Oriental Loan against Deposit NIL
Earnest money scheme NIL
Reverse Mortgage 0.50% of total Loan amount or half of the first monthly annuity payable to borrower, whichever is less, subject to maximum of ₹ 12,500/- only.
Personal Loan for Govt. Employees 0.50% +applicable taxes
Corporate Employees 1% +applicable taxes
Personal Loan to Pensioners 1% +applicable taxes
Personal Loan to Central Govt Employees 1% +applicable taxes
Personal Loan to DMRC Employees 1% +applicable taxes
Personal Loan to Military/Paramilitary Employees 0.50% +applicable taxes
Personal Loan to Maruti Udyog Employees 1% +applicable taxes
Personal Loan to DRDO employees 1% +applicable taxes
Personal Loan to Doctors/CAs and Architects 1% +applicable taxes
 
  • II. Apart from above mentioned process fee, following are the other fees / charges applicable on various types of loans to individual borrowers:
 

A. LOAN WHERE PROPERTY IS NOT MORTGAGED

Charges Vehicle Loan *Personal Loans Advance against Gold Ornaments
CIBIL Report Extraction Detailed below Detailed below Detailed below
Insurance Actual Actual (If applicable) Actual
Penal Interest Detailed below Detailed below Detailed below
Cheque bounce / ECS/ SI dishonour Detailed below Detailed below Detailed below
Interest Switch over Charges Not Applicable Applicable on Education Loans (Detailed below) Not Applicable
Inspection Charges Nil Nil Nil
 

* Personal Loan, Education Loan and Earnest Money Finance (where property is not mortgaged)

B. LOAN WHERE PROPERTY IS MORTGAGED

Charges Home Loan and other Mortgage based Loan
CIBIL Report Extraction Detailed below
Legal Opinion Charges Detailed below
Valuation Charges Detailed below
CERSAI Creation Detailed below
Insurance Actual
Penal Interest Detailed below
Cheque bounce / ECS/ SI dishonour Detailed below
Documentation Charges Detailed below
Interest Switch over Charges Applicable on Housing & Education Loans (Detailed below)
Prepayment Penalty Nil
Inspection Charges Nil
 

LIST OF CHARGES

 

1. PRE-PAYMENT PENALTY/PRE-CLOSURE: NIL

2. STAMP DUTY: Actual State-wise

3. DOCUMENTATION CHARGES : NIL

4. LEGAL OPINION CHARGES:

A) Professional Fee

 
Amount Involved Major Cities Other Cities
Urban & Semi Urban Rural
Upto ₹ 1 crore ₹ 2000/- per property ₹ 1000/- per property ₹ 500/- per property
Above ₹ 1 Crore ₹ 3000/- per property ₹ 2000/- per property ₹ 1000/- per property
 

B) Vetting Charges:

 
Amount of Loan Charges
Loan Limits upto ₹ 10.00 Lac Consolidated fee of ₹ 500/- per account per instance of vetting
Loan Limits above ₹ 10.00 Lakh to ₹ 1.00 crore Consolidated fee of ₹ 1000/- per account per instance of vetting
Loan Limits above ₹ 1.00 crore to ₹ 5.00 crore Consolidated fee of ₹ 1500/- per account per instance of vetting
 

C) Other Charges

 

Actual expenses like search fee paid, typing charges etc. supported by receipts/ bills, depending upon the amount involved will also be paid to the concerned advocate.

 

5) VALUATION CHARGES

 
Value of the property Valuation Fee
Up to ₹ 10.00 Lac ₹2000.00
Above ₹ 10.00 Lac to ₹ 20.00 lac ₹ 2500.00
Above ₹ 20.00 lac to ₹ 50.00 lac ₹ 3000.00
Above ₹ 50.00 lac to ₹ 1.00 crore ₹ 5000.00
Above ₹ 1.00 crore to ₹ 5.00 crore ₹ 7500.00
Above ₹ 5.00 crore ₹ 10000.00
 

The above rates are indicative only and the rates will be fixed depending upon the local conditions.

  • GST as per rules and applicable from time to time shall be paid in addition to the charges mentioned hereinabove.
  • For Category A valuers, where value of the property is above ₹ 10.00 crore, valuation fee shall be ₹ 15000.00
 

6. CIBIL REPORT EXTRACTION CHARGES FOR INDIVIDUALS

 
  • Consumer CIR along with Combo Score: ₹ 62.00+GST(as applicable)
  • In case of non-availability of any Data / Report (NO MATCH FOUND) for a person under Consumer Segment: ₹ 33.00 + GST(as applicable)
  • Commercial CIR : ₹ 700.00+GST(as applicable)
  • In case of non-availability of any Data / Report (NO MATCH FOUND): NIL
 

7. CERSAI Charges

 

SCHEDULE OF FEE / CHARGES

S. No. Nature of transaction to be Registered Amount of fee payable
1. Particulars of Creation or Modification of Security Interest in favour of Secured Creditors
For creation and for any subsequent modification of security interest in favour of a secured creditor for a loan
Upto ₹ 5.00 Lakh Above ₹ 5.00 Lakh
₹ 50.00 + applicable GST ₹ 100.00 + applicable GST
2. Any application for information recorded / maintained in the Register by any person/ Search of the Property ₹ 10.00 + applicable GST
3. Satisfaction or Correction of any existing Security Interest NIL
4. Any application for condonation of delay up to 30 days

1. In case of creation of security interest for a loan up to Rs.5.00 lac :
Not exceeding Rs.500.00

2. In case of creation of security interest for a loan above Rs.5.00 lac :
Not exceeding Rs.1000.00

 

8. PROPERTY INSURANCE CHARGES:

 

Actual

 

9. CHQ BOUNCE / ECS / SI DISHONOUR CHARGES

 

Penalty of ₹ 250/- + GST for every bounced cheque/ECS or SI dishonours related to payment of EMI.

 

10. PENAL INTEREST

 

Shall be applicable over the normal rate of interest on overdue amount and for overdue period.

 

In Education Loan:

  • Loans Upto ₹ 4.00 Lacs- NIL
  • Loans above ₹ 4.00 Lacs- 2%
 

In all other Retail Loans: 2%

11. INTEREST SWITCH-OVER CHARGES

 
  • Housing Loans – 0.50% of outstanding of loan amount as on the date of switch over subject to maximum of ₹ 50000/-
  • Education Loans - 0.50% of outstanding loan amount as on the date of switch over
 

Note: Out of pocket expenses, if any shall be borne by the borrower.

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