Our Home Loan offers free of cost end to end service with a dedicated field relationship manager at your doorstep to assist you. However, depending on the type of loan you are applying for, the lending partners may levy the following charges:

• Processing fees : This is a one-time non-refundable fee that is to be paid to the home loan provider after the loan application has been approved. The processing charge varies depending on the bank and the loan scheme you are applying for

• Prepayment charges : Prepayment penalty is the fee you will have to pay the lender if you plan on repaying your home loan before the completion of the loan tenure.

• Conversion fees : Some banks also charge a conversion fee when you decide to switch to a different loan scheme in order to lower the interest rate associated with your current scheme.

• Legal Fee : It is usually included in the processing fee but some lenders charge it separately when they engage firms to scrutinize borrowers' legal documents.

• Home insurance : The premium should be paid directly to the concerned company during the term to ensure that the insurance policy is running during the home loan tenure.

• Statutory/regulatory charges : The fee includes all charges associated with Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI), Memorandum of Entry and Deposit, and stamp duty. You can visit www.cersai.org.in to know more about these charges.

• Franking Fee : Commonly referred to as stamp duty fee is a tax levied by the state government on any form of monetary transaction involving the transfer of rights of a property. The amount varies from one state to another and depends on state laws, type of property, etc.

These are some of the main charges which the Banks might charge a customer going for a Home Loan. There might be some additional charges specific to each banking institution and should be paid directly to the banks themselves.