|S. No.||Fee Description||Quantum of Charges|
|1||Application processing fee||5,000 (inclusive of Service Tax)|
|2||Loan processing fee||2.25% + Service Tax|
Nivara’s Home Loans are offered both on fixed rate and floating rate of interest. Floating rate of interest is linked to Nivara Lending Rate (NLR) which is computed after taking into account all the relevant factors such as cost of funds, margin and risk premium, etc and determine the rate of interest to be charged for floating loans. Currently, the following rates are applicable:
|Nivara Lending Rate (NLR)||Home Loans|
|14%||18.50%||17% to 18%|
However, the clients are advised to contact Nivara officials for the exact rates as the applicable rates will be the rates prevalent at the time of disbursement.
|S. No.||Nature of Charges||Quantum of Charges|
|1||SRO Search, ROC Search, Non-Encumbrance Certificate from SRO, Creation of charge at ROC||At actuals for applicable charges|
|2||Technical Valuation||NIL, included in the Processing fee|
|3||Transaction Handling charges in Balance Transfer /||2,500/- + S.T|
50/- + ST (for loans <=
100/- + ST (for loans > 5 lacs)
|5||PDC / ECS Dishonor||500/- for each PDC / ECS bounce|
|6||Late Payment||3% per month on Overdue EMIs|
|7||PDC/ECS Swapping||1,000/- per instance + S.T.|
|8||Retrieval charges for Copies of loan /property document from Nivara's custody||1,000/- per instance + S.T.+ Courier Charges|
|9||Charges for Statement of Account / Amortization Schedule / NOC / NDC||500 + S.T.|
|10||Duplicate Annual Account Statement, Provisional Certificate||500 + S.T.|
|11||Loan Re-schedulement (at discretion of Nivara)||0.50% of the loan outstanding + Service Tax|
|12||Swap Charges ((Fixed or semi-fixed rate to floating and vice-versa at discretion of Nivara)||2% of the loan outstanding|
|13||Disbursement Cheque Cancellation & re-issuance||1,000/- + ST (cancelation Charges) & PEMI will be charged.|
|14||Disbursement postponement after the Cheque is made||
1. If request received within 7 days of the disbursement: 1,000/- + ST.
2. If request received after 7 days of the disbursement: 1,000/- + ST Plus PEMI till the date of cancellation request
Above charges are the standard rates for all customers and would be subject to changes from time to time. Actual charges may differ at the time of sanction / disbursement which will be communicated to the customer.
All charges, interest, taxes, fee, Service tax, levies etc. as prescribed by any statutory/regulatory bodies from time to time shall be borne by the Borrower.