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  • Notes:: Construction Loan - Interest Rates

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    Rupak Ranjan Dey
    39 Ansichten3 Seiten
    This document provides interest rates and fees for construction equipment loans and car loans offered by ABC Bank. For construction equipment loans, interest rates range from 12% to 16% annually. A 0.5% processing fee is charged on the gross loan amount. Additional fees may apply for stamp duty, documentation, and changing interest rates. For car loans, interest rates range from 10.15% to 15% depending on the loan tenure and type of car. Processing fees for new car loans range from 0.25% to 0.5% of the loan amount depending on the amount financed. Late payments are charged 2% per month on outstanding installments and other miscellaneous fees apply for services.

    Originalbeschreibung:

    It will help to know the information about the ICICI bank how they are doing business

    Originaltitel

    ICICI Bank Document

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    This document provides interest rates and fees for construction equipment loans and car loans offered by ABC Bank. For construction equipment loans, interest rates range from 12% to 16% annually. A 0.5% processing fee is charged on the gross loan amount. Additional fees may apply for stamp duty, documentation, and changing interest rates. For car loans, interest rates range from 10.15% to 15% depending on the loan tenure and type of car. Processing fees for new car loans range from 0.25% to 0.5% of the loan amount depending on the amount financed. Late payments are charged 2% per month on outstanding installments and other miscellaneous fees apply for services.

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    © All Rights Reserved
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    Markieren Sie unangemessene Inhalte
    39 Ansichten3 Seiten

    Notes:: Construction Loan - Interest Rates

    Hochgeladen von

    Rupak Ranjan Dey
    This document provides interest rates and fees for construction equipment loans and car loans offered by ABC Bank. For construction equipment loans, interest rates range from 12% to 16% annually. A 0.5% processing fee is charged on the gross loan amount. Additional fees may apply for stamp duty, documentation, and changing interest rates. For car loans, interest rates range from 10.15% to 15% depending on the loan tenure and type of car. Processing fees for new car loans range from 0.25% to 0.5% of the loan amount depending on the amount financed. Late payments are charged 2% per month on outstanding installments and other miscellaneous fees apply for services.

    Copyright:

    © All Rights Reserved
    Als DOC, PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    von 3

    Construction Loan - Interest Rates

    Loans Advances - Indicative lending rates updated on July 26, 2012


    Construction Equipment Loans
    Type of credit facility Rate of interest Processing fee
    onstruction !"uip#ent
    Loans
    12$00% to
    16$00%
    0.50% of gross loan
    amount
    Notes:
    Specific interest rate applicable to a customer would be dependent on segment, asset category and
    location.
    Stamp duty charges shall be etra as applicable.
    !dditional documentation charges of "s.#50$% applicable.
    &C&C& 'an( reser)es the right to re)ise the rate of interest and processing fee from time to time, at
    its sole discretion.
    Description of Charges Construction Equipment Loans
    Non Refundable Loan Processing
    Charges
    0.25% of the loan amount
    Prepayment Charges
    Lower of the two amount given below. 1. % of !rinci!al outstanding
    or 2. "nterest outstanding for une#!ired !eriod of the loan.
    Pre!a$ment %!tions& Part !re!a$ment of the loan is not allowed.
    Charges for late !a$ment 'loans( 2% !er month on the outstanding installment
    Che)ue *wa! Charges Rs. 500+, !er transaction
    Che)ue return charges- Rs. 00+, !er return
    .morti/ation *chedule Charges Rs. 200+, !er schedule
    *tatement of .ccount Charges Rs. 200+, !er statement
    Pre!a$ment *tatement Charges Rs. 100+, !er statement
    0u!licate N%C Charges Rs. 500+, !er N%C
    Revalidation of N%C Charges Rs. 500+, !er N%C
    Charges for changing from fi#ed to
    floating rates of interest
    1.15% on !rinci!al outstanding
    Notes:
    *ervice 2a# and other govt. ta#es3 levies3 etc. a!!licable as !er !revailing rate will be charged over
    and above these charges.
    CAR LOAN
    Tenure of credit facility Up to 23 months 2!3" months 3#!$ months
    Type of credit facility %ate of interest
    New Car Loans 12.15% to 15.00% 12.2% to 1.50% 10.15% to 12.50%
    Pre,%wned Car Loans 14.15% to 11.00%
    Description of Charges Car Loans
    Non Refundable Loan Processing 5ees
    and
    0ocumentation Charges
    New Car
    6ross Loan .mt Processing 5ee .mt 0ocumentation Charges
    72.5 La8h Rs.2500+, Rs.450+,
    2.5 La8h to 4.9 La8h Rs.4500+, Rs.450+,
    La8h to .9 La8h Rs.000+, Rs.450+,
    5 La8h to 9.9 La8h Rs.200+, Rs.450+,
    :10 La8h Rs.5000+, Rs.450+,
    *tam! 0ut$
    .ctuals
    Pre!a$ment %!tions
    Part !re!a$ment of the loan is not allowed
    Pre!a$ment Charges
    Lower of the two amount given below.
    1. 5% of !rinci!al outstanding or
    2. "nterest outstanding for une#!ired !eriod of the loan.
    Charges for late !a$ment 'loans( 2% !er month on the outstanding installment
    Che)ue *wa! Charges Rs. 500+, !er transaction
    Che)ue return charges- Rs. 00+, !er return
    .mortisation *chedule Charges Rs. 200+, !er schedule
    *tatement of .ccount Charges Rs. 200+, !er statement
    Pre!a$ment *tatement Charges Rs. 100+, !er statement

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