Check Home Loan Processing Fees & Documentation Charges

The cost you pay for a product or a service matters and is important. When we talk of financial products, especially home loans, there are several additional services that you might need while taking a loan, during the tenure or at the time of closing the loan. To make it simpler and transparent for you, here is a list of all such services and the associated home loan fees and charges.

Fees & Charges

Fees and Charges - GSFC
Processing Fee (Non-refundable)		Maximum 2% of the loan amount plus GST and any other statutory charges.
Documentation Charges		Upto Rs. 10,000 plus GST and other statutory levies.
Commitment Fee		2% of the undisbursed amount of the loan plus GST and other statutory levies.
Cheque dishonour Charges		Rs. 750/- (inclusive of GST and other applicable statutory levies) per instance)
Charges for Copy of any Document		Rs. 500/- (plus other applicable statutory levies) per instance.
Repayment Mode I Account swap charges		Rs. 500/- (plus GST and any other applicable statutory levies) per instance.
Charges for Duplicate NOC I No Dues Certificate		Rs. 500/- (plus other applicable statutory levies) per instance.
Charges for Duplicate NOC I No Dues Certificate
Charges for copy of CIBIL Report (to Customer who has availed Loan I Overdraft from us)		Rs. 50/- (plus GST and any other applicable statutory levies) per instance.
Charges specific to Term Loans:
Prepayment Charges		· No prepayment / foreclosure is allowed till the lapse of Lock in Period of 6 months after EMI Commencement.
		· After the lock – in period, part prepayment of minimum Rs.25,000/- and maximum upto 25% of outstanding Loan Amount can be made without any prepayment charges every 6 months. The minimum period between any two prepayment shall be atleast 6 (six) months.
		· For any Part Prepayment in excess of 25%, 4% (plus GST and other applicable taxes) of the excess prepayment Amount shall be charged as Prepayment Charges.
		· For Full Prepayment any time after the Lock-in-Period, Prepayment charges shall be 4% (plus GST and other applicable taxes) of the Foreclosure Loan Amount plus Amounts prepaid during the last 12 months.
Substitute Interest (Penal Interest)		2% p.m. compound monthly on the Amount Due but unpaid from the date of the Amount falling Due till the Date of actual Payment.
Collection Charges (in case of Default)		30% (plus other applicable statutory levies) of Cheque / instrument Dishonour Charges plus Substitute interest.
Charges specific to Overdraft Facility:
Top up OD		· Annual Review Charges - Renewal fees of 0.25% of the limit (dropped limit after reduction of annual drop) per instance.
Top up OD		· Non Utilisation charges 0.25% of difference between actual average utilisation and 25% of the average operating limit during the quarter, subject to minimum of Rs. 1250 + GST, chargeable on quarterly basis.
Charges for Interest Certificate / Account Statement		Free once in a Financial Year. Thereafter, Rs. 250/- (plus GST and any other applicable statutory levies) per instance.
Notes: • Other Product - specific charges shall be informed separetely at the time of availing the loan. (Like Frankling of HLD / Gurantor Agreement which varies from State to State, Frankling / Notarisation of RBI and other Affidavits applicable, etc.) • Charges for other Services would be specified as applicable when the Customer applies for those Services and the same shall be payable by the Borrower alone e.g. Revalidation of Sanction, Change in Property, Reschedulement of Loan, Change in EMI Date, Solvency Charges etc. • Taxes/ other statutory levies may be charged to the Borrower if applicable as per Government/ RBI directives.

Check your eligibility at Home Loan Eligibility
Calculate your EMI using Home Loan EMI Calculator

Frequently Asked Questions

When will the home loan be disbursed?

You can take the disbursement after credit, technical and legal appraisals of the property have been done, besides execution of relevant documents & deposit of original property documents is required to be completed prior to disbursement.

Further, you should have invested your own contribution amount towards the property. 'Own contribution' is the difference between the cost of the property and the loan amount.