ANNEXURE – VI

REVISED SERVICE CHARGES ON RETAIL LOANS

[FUNCTIONAL DEPT.: RETAIL BANKING]
(All charges are Exclusive of GST)
All the below mentioned charges shall be applicable to the new loans/limits
Sanctioned /Reviewed
Sr. Scheme Charges REVISED CHARGES (Exclusive of GST)
No.
01 Star Home Processing For Individuals –
Loan/Star Charges
Smart Loan Limit Charges- One Time
Home
Loan/Star
Pravasi For All Loan @0.25% of loan amount Min.Rs.1,000/- and
Home Loan Amounts Max. Rs.20,000/-
& Star Top
Up Loan Partnership Firms & Corporate Borrowers –
Processing charges will be double that of applicable to individuals
For Rural Areas –
Processing charges will be 75% that of applicable to individuals in
respect of loans availed by borrowers from rural areas from the
Rural branches

Festive Offer till 31.03.2018:

PROCESSING CHARGES NIL for all types of Home loans

except TOP up Loan

Pre- NIL
payment
Charges
For floating
rate Loans
Pre- Pre-payment charges as under shall be applicable in case of
payment takeover of Home loan by other Bank/F.I. & in respect of Home loans
Charges for under fixed rate option.
fixed Rate 0.65% p.a. on the outstanding loan amount for the remaining
Loans maturity of the loan subject to max. of 2.25% of the outstanding loan
amount –
Conversion Switchover from: Fixed to Floating ROI:- @ 0.25% p.a. on o/s
Charges balance for the remaining maturity of loan.
Floating to Fixed ROI:- @ 0.40% p.a. on o/s balance for the
remaining maturity of loan.
For i & ii above: Max. Charge: 2.10% of o/s balance
02 Star Processing One time processing charge of Rs.50, 000 or maximum as per Star
Diamond Charges Home Loan Scheme, whichever is higher. No other
Home Loan charges will be applicable except actual out of pocket expenses. Pre-
payment charge/conversion charge, etc. same as (01), above .

Festive Offer till 31.03.2018:

PROCESSING CHARGES NIL

03 Star Loan Processing For Loan (Repayable by installments)
Against Charges One time @ 1% of sanctioned loan amount Min. Rs.5,000/- and
Property Max. Rs.50,000/-.
For Mortgage OD (Reducible)
0.50% of the Sanctioned limit min.Rs.5,000/- and
Max. Rs.30,000/- for 1st year at the time of original sanction.
0.25% of the Reviewed limit min.Rs.2,500/- and
Max. Rs.15,000/- for subsequent years.
For Mortgage OD (Not reducible )
0.50% of the Sanctioned/Reviewed limit min.Rs.5,000/- and
Max. Rs.30,000/- on annual basis.
For Rural Areas –
Processing charges will be 75% that of normal applicable charges in
respect of loans availed by borrowers from rural areas from the Rural
branches
Star Loan Mortgage Limits upto Rs.10 lacs Rs. 5,000/-
Against Fee
Property Limits exceeding Rs.10 lacs & upto Rs.10,000/-
Rs. 1 crore
Mortgage Loans over Rs.100 lacs up
to Rs.500 Lacs. Rs.20,000/-
04 Star Processing One time @ 2.00% of loan amount Min. Rs.1000/- and Max.
Personal Charges Rs.10,000/-
Loan, Star No processing charges for Senior Citizens (60 years & above)
Holiday
Loan &
Loan to
Central/Stat
e
Govt.Emplo
yees
05 Star Processing a) No Processing charges for Senior Citizens (Age 60 years &
Pensioner Charges above).
Loan b) For others- One time @ 2% of loan amount Min.Rs.500/- and
Max. Rs.2000/-
06 Star Vehicle Processing For Individuals –
Loan Charges
For New Four Wheeler Rs.500/- per application,
Loan irrespective of limit
For New Two 1% of loan amount minimum
wheeler/2nd hand Rs.500/- and Max.Rs.10,000
vehicles (both 2/4
wheeler)
No processing charges for Senior citizens, Retired employees of the
Bank and pensioners drawing pension from our Bank.
For Partnership firms/Corporates –
Processing charges will be double that of applicable to individuals.
For Rural areas –
Processing charges will be 75% of that applicable to individual
borrowers, subject to minimum of Rs.500/- in respect of loan availed
by borrowers from rural areas/ from rural branches.

Festive Offer till 31.03.2018:

PROCESSING CHARGES NIL

07 Star Education Processing No processing charges.
Loan charges a) No Processing charges – for study in India.
b) For study abroad : Processing charges Rs.5,000/-
(Processing charge excluding Service Tax to be refunded
once actual loan is availed. Applicant/s to be suitably
advised about this condition at the time of submission of
application and consent letter to be obtained from the
applicant/s to avoid dispute at later stage)
Student applicant may be required to pay fee/charges, if any,
levied by third party service providers who operate common
portal for lodging loan applications set up.
One time charges for any Deviations from the Scheme norms
including approval of courses outside scheme –
Upto Rs.4.00 lacs Rs. 500/-
Over Rs.4.00 lacs upto Rs.7.50 lacs Rs.1,500/-
Over Rs.7.50 lacs upto Rs.20.00 lacs Rs.3,000/-

08 Doctor Plus Processing 50% concession in charges as applicable to

charges members of public. for Personal Loan and Vehicle loan

09 EMD Scheme Processing One time Rs.500 per application

charges
10 Reverse Processing Loan Amount Processing Charges
Mortgage Loan charges Upto Rs.5 lacs Rs.1250 + ST
Upto Rs.10 lacs Rs.2500 + ST
Upto Rs.20 lacs Rs.5000 + ST
Upto Rs.25 lacs Rs.6250 + ST
Valuation report fees and Advocates fees to be borne by the
borrower.(Above charges may be recovered from the loan amount
payment to be made to the borrower). Annual Service Charge @
0.25% on the loan amount outstanding/recoverable at the time of
annual review. (Charges to be recovered from the loan amount
payable or separately from the borrower).
11 Star IPO Processing 1.00% of limit sanctioned min. Rs.1000/- and max. Rs.5000/-
Charges per account to be recovered at the time of sanction of limit
and at annual review.
Special Note :

i. Charges to be borne by the borrower for :–

a) Valuation of property from Bank’s approved valuer;

b) Obtention of Title Clearance Report from Advocate on Bank’s approved panel;
c) Registration of charges with the office of the Sub-Registrar (wherever applicable);
d) Registration of charge with ROC (wherever applicable), etc., to be borne by the
borrower;
e) Stamping charges for execution of documents;
f) Creation of charge on assets to be charged to the Bank etc.
ii. Premia for Insurance of property/assets charged to the bank to be borne by the borrower.
iii. No Inspection charges on Retail Loan Schemes. However, actual out of pocket expenses
to be recovered from the borrower.
iv. Credit Information Report charges (for furnishing a copy of Credit Information report
obtained from CIC to the applicant, at his request): Rs. 50/-.
v. CERSAI registration Charges: As per Annexure I.
vi. Processing charges waived for staff members as per HO BC 98/56 dated 29.06.2004.
vii.
 ..4..
CERSAI registration Charges:
Fee Chargeable as specified in the Table under rule 7
All the charges are excluding of GST
Serial Nature of transaction to be Rule Form. Amount of fee payable
No Register
1. Particulars of creation or Sub-rule (2) Form I Rs.100 for creation and for any
modification of security interest by of rule 4. subsequent modification of security
way of mortgage by deposit of title interest for a loan above Rs.5 lakh.
deeds. For a loan upto Rs.5 lakh, the fee
would be Rs.50 for both creation and
modification of security interest.
2. Particulars of creation or Sub-rule (2A) Form I NIL
modification of security interest by of rule 4.
way of mortgage of immovable
property other than by deposit of
title deeds
3. Particulars of creation or Sub-rule (2B) Form I Rs.100 for creation and for any
modification of security interest in of rule 4. subsequent modification of security
hypothecation of plant and interest for a loan above Rs.5 lakh.
machinery, stocks, debt including For a loan upto Rs.5 lakh, the fee
book debt or receivables, whether would be Rs.50 for both creation and
existing or future. modification of security interest.
4. Particulars of creation or Sub-rule (2C) Form I Rs.100 for creation and for any
modification of security interest in of rule 4. subsequent modification of security
intangible assets, being know-how, interest for a loan above Rs.5 lakh.
patent, copyright, trade mark,
licence, franchise or any other For a loan upto Rs.5 lakh, the fee
business or commercial right of would be Rs.50 for both creation and
similar nature modification of security interest.
5. Particulars of creation or Sub-rule (2D) Form I Rs.100 for creation and for any
modification of security interest in of rule 4. subsequent modification of security
any under construction residential or interest for a loan above Rs.5 lakh.
commercial building or a part For a loan upto Rs.5 lakh, the fee
thereof by an agreement or would be Rs.50 for both creation and
instrument other than by mortgage. modification of security interest.
6. Particulars of satisfaction of charge Sub-rule Form II NIL
for security interest filed under sub- (2),(2A), (2B),
rule (2) and (2A) to (2D) of rule 4 (2C), (2D) of
rule 4.
7. Particulars of securitization or - Form III Rs.500/-
reconstruction of financial assets
8. Particulars of satisfaction of - Form IV Rs.50/-
securitization or reconstruction
transactions
9. Any application for information - - Rs.10/-
recorded/maintained in the Register
by any person
10. Any application for condonation of Sub-rule (2) - Not exceeding 10 times of the basic
delay up to 30 days of rule 5. fee, as applicable
ADDITIONAL FEE APPLICABLE FOR DELAY IN FILING OF RECORDS
Sr. No. Number of days of delay Additional fee to Illustration
in filing of chargeable charged
transaction
1 From 31 to 40 days Twice the amount of If the applicable fee is Rs.100/- then
applicable fee additional fee applicable will be Rs.200/-
2 From 41 days to 50 days Five times the amount of If the applicable fee is Rs.100/- then
applicable fee additional fee applicable will be Rs.500/-
3 From 51 days to 60 days Ten times the amount of If the applicable fee is Rs.100/- then
applicable fee additional fee applicable will be Rs.1000/-
All the above charges are excluding GST
Provided that where particulars of transaction of creation or modification of more than one security
interest are filed by a person, the fee payable by such person shall be the one that is the highest among
the fee prescribed for security interest for which particulars of creation or modification are filed by such
persons.