Rate Description Party to the Agreement & Purpose Foreclosure Charges within 12 months of Disbursement Foreclosure Charges after 12 months of Disbursement Part Prepayment Charges (For Term Loan)
Individual Borrower with end use other than business No charges No charges No charges
Floating Rate Scheme Individual Borrower with end use as business 6% of Principal Outstanding 4% of Principal Outstanding

Upto  25% of the Sanction Amount - Nil Charges

More than 25% of the Sanction Amount for any pre- payment taking place during the tenure of the loan – 4% on amount prepaid in excess of 25% of the Sanction amount
Non- individual Borrower irrespective of end use 6% of Principal Outstanding 4% of Principal Outstanding

Upto 25% of the Sanction Amount - Nil Charges

More than 25% of the Sanction Amount for any pre-payment taking place during the tenure of the loan – 4% on amount prepaid in excess of 25% of the Sanction amount
Fixed Rate scheme Individuals/ non- individual borrowers irrespective of the end use 6% of Principal Outstanding 4% of Principal Outstanding


Upto  25% of the Sanction Amount - Nil Charges

More than 25% of the Sanction Amount for any pre- payment taking place during the tenure of the loan – 4% on amount prepaid in excess of 25% of the Sanction amount