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Fees & charges

  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 premium 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

 

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