| Â | Home Loan | Flexi Loan |
|---|---|---|
| Application Fee | Rs 1,000 | N/A |
| Processing | As applicable |
up to Rs 500,000 - Rs 3,000 0.65% of facility amount up to Rs 1Million 0.75% of facility amount up to Rs 1.5Million |
| Handling |
1% of facility amount Minimum Rs 3,000 Maximum Rs 50, 000 |
N/A |
| Valuation (site inspection) | As from Rs 2,500 | N/A |
|
Cost of preparation of Legal document (Fixed / Floating / Agreement) |
0.75% of facility amount Minimum Rs 3,000 |
0.75% of facility amount |
| Registration dues | As applicable | As applicable for facility exceeding Rs 1Million where a floating charge is inscribed |
|
Life Policy |
Rs 200 per person assured by MHC own life assurance scheme + applicable premium | Rs 200 per person assured through MHC own life assurance scheme |
| Building Policy | Rs 200 monthly permium | N/A |
| Medical Check up in case MHC life policy is opted | Rs 550 per person assured | Rs 550 per person assured |
| Monthly service charge | Rs 100 | Rs 100 |
| Early repayment for NON-BPA loans | 1% on the loan balance | N/A |
| Erasure of charges Fee | As applicable by Registrar Government Fees + Rs 200 per charge | As applicable by Registrar Government Fees + Rs 200 per charge |
|
OTHER CHARGES (Pari-passu, duplicate loan letter repaid, Outstanding balance, legal fee, partial erasure & others) |
Minimum Rs 500 Maximum Rs 2, 000 |
Minimum Rs 500 Maximum Rs 2, 000 |
| PEL savings account | Mandatory and maintain a minimum monthly contribution of Rs 300 | Mandatory and maintain a minimum monthly contribution of Rs 300 |
| House plan | Free up to 150m2 | N/A |
| Closure Fee |
Premature repayment of loan within:- 10 years from FRD - Rs 3,000 above 10 years from FRD - Rs 1,000 |
Rs 3,000 |
| Search / MCIB fee |
Single loan applicant: Rs 300 Joint loan applicants: Rs 500 |
 |
