Retail Loan Fees and Charges - Mahindra Finance

Schedule of Fees and Charges for Vehicle and other Retail Loans

Sr. No.	Nature of Charges	Vehicle and other Retail Loans
1	SOA Charges/ Duplicate statement issuance charges	Rs.250
2	Pre-Closure Charges / Pre closure working (per statement)	No Foreclosure allowed within 6 months from the loan agreement date. 6 % of Principal O/s. for pre closure within 24 months after 6th month from the loan agreement date. 3% of Principal O/s. for pre closure post 24 months from the loan agreement date
3	Documentation Charges	As per Scheme / Sanction letter
4	Processing Fee	As per scheme / Sanction letter
5	Service Charge	As per scheme / Sanction letter
6	Legal, Repossession & Incidental charges	Legal charges – Rs. 25,000 or actual whichever is higher Repossession charges – Rs.10,000 or actual whichever is higher Notice charges – Rs.125
7	Stamp Duty	At actual as per applicable state law
8	Roll over PDC Charges	Rs.500
9	Non PDC Charges (Cash payment mode- one time)	Rs.1500
10	Charges for swapping PDCs of one bank to another / Swapping charges (From ECS/PDC)	Rs.1000
11	Payment Collection Charges (FVC)	Rs.200 Per Transaction
12	Commercial/Personal Use NOC (Conversion subject to Credit Approval)	2% of principal outstanding
13	Duplicate statement for principal & interest breakup in addition to repayment schedule	Rs.100/- per statement
14	Issue of duplicate security deposit receipt	Rs.250/- per receipt
15	Cheque/ACH/NACH/ECS/Direct Debit Bounce Charges	Rs.500 per returned instrument per instance
16	Duplicate NOC Charges	Rs. 500 per instance
17	LPG/CNG NOC, Any other Special NOC	Rs 500 per instance
18	Penal Charges (Late payment penalty)	3% per month on the amount overdue
19	Assignment charges (from Both the parties)	2% on an outstanding loan

Fees and Charges are exclusive of GST and other applicable Taxes, which shall be additionally chargeable as applicable.