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CHARGES SHEET

Delayed Payment charges Charges of 44 % p.a will be applied on the outstanding installments
Cheque /ECS dishonored Charges (per dishonor of cheque/ECS per presentation) Rs. 500+18% GST
Loan Cancellation charges (Loan cancelled before First EMI ) Rs.1000/-plus stamp duty paid on Loan Documents before encashment of Loan disbursement cheque. Else Prepayment charges shall apply
CIBIL report retrieval fee 100+18% GST
Loan Processing / Administration Free 3% of loan amount
Loan Application Rejection Charges 490/- GST Included
In case a loan application is not approved, Racmak will retain login fee towards legal & technical expenses incurred.
Insurance Premium As per Actual if applicable
Loan Foreclosure Charges 1.5 % of principal outstanding amount .
Change of repayment mode PDC to NACH Free
Change of repayment mode - PDC of one Bank to PDC of another Bank 350/- + GST
Recovery fees Actual expense incurred subject to minimum of Rs.500/- per instance
Legal fees Actual expense incurred
Missed EMI Charges 250/- per emi

Or such other amount as may be specified RACMAK NIDHI LIMITED from time to time.