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Fees and Charge
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

Cheque Swapping Charges

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

30.00% Per Annum per day post the due date of instalment.

6.

Charges for Statement of Account, Foreclosure Letter, List of Documents or Duplicate No-Objection Certificate

Rs. 2000/ (Rupees Two Thousand Only) – For each document request as listed.

7

Document Handling Charges (Original)

Rs. 2000/ (Rupees Two Thousand Only)

8.

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
9.

Sanction Revalidation Charges (after sanction validity expiry date)

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

10.

Technical Visit Charges

  1. First Disbursement Visit - Free
  2. Subsequent Disbursement Visit - Rs. 750/-(Rupees Seven Hundred Fifty only)
11.

Collection Visit Charges

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

First visit: Rs. 250/- (Rupees Two Hundred and Fifty only) plus applicable taxes

  1. Every subsequent visit in the same month will attract an additional 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 onwards Rs.750/- plus applicable taxes
12.

Disbursement Cheque Cancelation & Re-issuance

Rs. 1000/- (Rupees One Thousand Only)

13.

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

  • Rs. 10,000/- (Rupees Ten Thousand Only) or 1.00% of sanction amount whichever is higher. Exclusive of initial Processing Fee received.
  • Interest payable as applicable will be deducted.
  • Collected statutory taxes
14.

Pre-payment and foreclosure charges & norms

## Individual & Non Individual* Customers: All loans disbursed at semi fixed ROI, the prepayment charge shall be levied at the rate of 5.00%, plus applicable taxes and statutory levies and charges, of the outstanding amounts being so prepaid through refinance from any Bank/HFC/NBFC or Financial Institution (such amounts shall include all amounts prepaid during the given financial year) and not through own sources** and shall be applicable to all partial or full prepayments.

*Non Individual Borrower: All loans sanctioned with company/ Sole Proprietorship Concern/Firm or an HUF as co-applicant **Own Source of Fund : This purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution. Note: Customer need to submit such documents that deem fit & proper to ascertain the source of funds at the time of pre-payment of the loan.

Turn Around Time (TAT) to release the List of documents (LOD)/ Foreclosure Letter (FCL) is 60 working days

Request for foreclosure letter/payment received between 26th day to last day of the month shall be processed after 3rd day of next month. Similarly, request for foreclosure letter/payment received between 1st day to 3rd day of the month shall be processed after 3rd day of the same month.

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

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