Charges and Gradation

Section A – Schedule of Interest Rates and Service Charges

Charges Details	Green Finance & EV Loan (Excluding GST)
Rate of Interest	15% – 32% based on interest rate matrix
Documentation/File Charges	Up to ₹15,000
Processing Fee / Service Charges	Up to 2.00%
Valuation Charges	Actual
Legal Charges	Debit basis actual
CERSAI / Other Charges	₹50 + GST (loans ≤ ₹5 lakh) ₹100 + GST (loans > ₹5 lakh)
Vehicle Inspection / Site Visit	Up to ₹2,000
HPA (Hypothecation) Charges	Actual
PDD (Post Disbursement Documentation)	Up to ₹1,500
Payment Instrument Swapping	₹500
No Overdue Certificate (special request)	₹500
Duplicate NOC	₹500
Vehicle Release Letter (specific purpose)	₹500
Vehicle Permit Renewal Letter	Not applicable (not in EV)
Vehicle Registration Renewal Letter	₹500
NOC for Changing Engine/Chassis	₹1,000
NOC for Changing Vehicle Body	₹1,000
List of Documents (2nd time in FY)	₹250
Copy of Sanction Letter (2nd time)	₹250
Copy of Welcome Kit (2nd time)	₹250
Loan Cancellation Charges	₹500 + interest till cancellation (within 30 days / before 1st EMI date)
Commitment Charges	4% p.a. + taxes if utilization < 75% of sanctioned limit (quarterly avg.)
Foreclosure / Part Prepayment	4% (within 1 year), 2% (after 1 year)
Cheque/NACH/ECS Bounce	Up to ₹800
Delay in EMI (NACH/ECS not registered)	Up to ₹1,000
Penal Charges (breach of covenants)	Up to 2.5% per month on overdue
Penal Rate (delay in repayment)	36% p.a. on defaulted amount
Other Breach / Event of Default	0.1% daily on outstanding principal
Vehicle Seizing Charges	Two-Wheeler – ₹4,000 Three-Wheeler – Up to ₹5,500 Four-Wheeler – ₹7,500 to ₹11,000

Note: Charges are exclusive of taxes. Actual interest/charges may vary with internal approvals.

Section B – Rates of Interest & Approach for Gradation of Risk

Principles for Determining Rate of Interest

Factors considered: cost of funds, tenor cost, market liquidity, RBI policies, competition, customer profile, repayment history, collateral value, etc.
Management may adjust rates depending on group strength, schemes, subventions, subsidies, or future potential business.
Rates may differ for same product/tenor across customers based on above factors.
Competitor practices are also considered when deciding charges.

Rate of Interest

Rates offered on fixed or floating basis.
Floating rates reset periodically (monthly/bi-monthly/quarterly).
Annualised rate disclosed to customer.
Reset period decided by cKers from time to time.
Interest charged on monthly or longer rests (product-specific).
EMI break-up (principal vs interest) provided at sanction.
No grace period unless explicitly mentioned in sanction letter.
Interest changes are prospective; customers informed appropriately.
For staggered disbursements, rates may vary at each tranche as per prevailing rate.