Sr. No Fees / Charges Type Description
1. Non-refundable Processing fees:.

Up to Rs. 5,000 /- (Rupees Five Thousand only). Initial Processing Fee collected is one time non-refundable fee, and is collected for the purpose of processing the loan application of the borrowers and the same is independent of the outcome of such processing. The same is payable by way of Cheque / Demand Draft / Electronic mode of payment from borrowers bank account in favour of Motilal Oswal Home Finance Limited.

2. Total Processing/ Admin Fees (Inclusive of the non – refundable initial processing fee)

Rs……………………(In Words……………………………………………………………………………………………………… …………………………………………………………………………..) The same is payable by way of Cheque / Demand Draft / Electronic mode of payment from borrowers bank account in favour of Motilal Oswal Home Finance Limited

3. Cheque / ECS / NACH Dishonour Charges per Transaction

Rs. 500/- (Rupees Five Hundred Only)

4. Document Retrieval Charges (Photocopy)

Rs. 1500/- (Rupees One Thousand Five Hundred only)

5. Late Payment Charges after Due date

24.00% Per Annum per day post the due date of instalment.

6. Charges for
  1. Statement of Account
  2. Prepayment/Fore Closure Statement
  3. Copy of List of Documents (LOD)
  4. Duplicate No Due Certificate

Rs. 500/ (Rupees Five Hundred Only) – For each document request as listed.

7. CERSAI Charges
  1. CERSAI Creation :
    1. Loan Amount up to Rs. 5.00 Lakh: Rs. 50/- (Rupees Fifty Only)
    2. Loan Amount more than Rs. 5.00 Lakh: Rs. 100/- (Rupees One Hundred Only)
  2. CERSAI Modification : Same as above
  3. CERSAI Discharge : Nil
8. Sanction Revalidation Charges (after sanction validity expiry date)

Rs. 1500/-(Rupees One Thousand Five Hundred Only)

9. Technical Visit Charges

  1. First Disbursement Visit - Free
  2. Subsequent Disbursement Visit - Rs. 750/-(Rupees Seven Hundred Fifty only)

10. Collection Visit Charges

Charges for personal visit - collection in case of overdue account (In a month)

  1. First visit: Rs. 250/- (Rupees Two Hundred and Fifty only)
  2. Every subsequent visit in the same month will attract an additional charge of Rs.250/- (Rupees Two Hundred and Fifty only) over and above the previous visit charges. I.e. for second visit Rs.500/- and for third visit Rs.750/- and so on.

11. Disbursement Cheque Cancelation & Re-issuance

Rs. 1000/- (Rupees One Thousand Only)

12. Processing Fee Refund Norms

In the event of loan being rejected by MOHFL post sanction or disbursement for any specified reasons or in the event of applicant withdrawing his application himself, the collected processing fee will be refunded to the borrower subject to deduction of following charges

  • Up to Rs. 5000/- (Rupees Five Thousand Only) inclusive of Initial Processing Fee received.
  • Interest payable as applicable will be deducted.
  • Collected statutory taxes

All fees indicated above are excluding Statutory Taxes & taxes as applicable will be collected in addition to the fee.

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