SCHEDULE OF FEE/ CHARGES

A) CHARGES PAYABLE AT THE TIME OF DISBURSEMENT OF LOAN OR DURING THE TERM OF LOAN

Type of Fee/ Charges Home Loan Non- Housing Loan

Initial Processing Fees (Non- refundable) Upto Rs.5,000/- + Taxes Upto Rs.5,000/- + Taxes

Cheque Salaried: Upto 1% + Taxes

Processing Fees (Inclusive of Initial Cheque Salaried: Upto 1% + Taxes Others: Upto 3%
Processing Fees) + Taxes Others: Upto 3% + Taxes
LTV Loan Amount
INR 50 – 75 More than
Lakhs INR 75 Lakhs

Upto 65% 1.15% 1.45%

65-70% 1.35% 1.70%
70-75% 1.40% 1.70%
75-80% 1.65% NA
80-85% 1.70% NA
>85% 1.80% NA
Home Loan Plus Program Fees Not Applicable

CERSAI Charges Rs.100/- + Applicable Taxes Rs.100/- + Applicable Taxes

Statutory Charges (Stamp Duty / MOE/

MODT) As per the local laws of the state where loan originated. As per the local laws of the state where loan originated.

Disbursement Cheque Cancellation Rs.500/- + Applicable Taxes Rs.500 + Applicable Taxes

Cheque/ NACH Dishonour Charges/

Non-payment of EMI through NACH Rs.1,000/- per instrument Rs.1,000 /- per instrument

Cheque / Cash Collection charges Rs.500/- + Taxes Rs.500/- + Taxes

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 SCHEDULE OF FEE/ CHARGES

Penal Charges 2% per month on overdue payment (i.e.24% p.a.) 2% per month on overdue payment (i.e.24% p.a.)

Legal & Incidental Expenses As per Actual +Applicable Taxes As per Actual + Applicable Taxes
Upto Rs 2,500/- (applicable only for Mumbai Upto Rs 2,500/- (applicable only for Mumbai
Title Search Charges Metropolitan Region) Metropolitan Region)

Income Tax Certificate for current

Financial Year Nil Nil

Soft Copy: Nil Soft Copy: Nil

Statement of Account Hard Copy: Rs.500/- + Applicable Taxes Hard Copy: Rs.500/- + Applicable Taxes

Nil for the first time. However, second time onwards, the Nil for first time. However, second time onwards, the
List of Documents (“LOD”) Fee shall be Rs.500/- + Applicable Taxes. Fee shall be Rs.500/- + Applicable Taxes.

Copy of Documents (Chain Documents)-

Rs.2,000/- + Taxes (not applicable on copy of current title
deed)
Retrieval of Documents available with
Hero Housing Finance Ltd. (“HHFL”) Charges for retrieval of Original Title Document for
specific activity like production at SRO or Development
Authority or Endorsement (on borrower’s request) Copy of Documents (Chain Documents)- Rs.2,000/- +
a) For Maharashtra- Not applicable for Endorsement of Taxes
Share certificates in Maharashtra. Charges for retrieval of Original Title Document-
b) For other locations- Rs.5,000/- + Taxes (for others) Rs.5,000/- + Taxes
Switching/Conversion Charges:
a)0.5% of principal outstanding or ` 2500 plus Applicable a)0.5% of principal outstanding or ` 2500 plus Applicable
a) Charges for Repricing of Interest Rate subject taxes, whichever is lower. taxes, whichever is lower.
to Company’s internal policy criteria b) 0.5% of principal outstanding plus Applicable taxes b) 0.5% of principal outstanding plus Applicable taxes

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b) Conversion Charges for switching from

Floating Interest Rate to Fixed Interest Rate or
vice versa

a) Nil in case of PDC to NACH a) Nil in case of PDC to NACH

Change in Repayment Mode/ Bank (On b) ₹500 /- + Applicable taxes in case of NACH to PDC; b) ₹500 /- + Applicable taxes in case of NACH to PDC;
Customer Request)
B) CHARGES FOR FORECLOSURE / PREPAYMENT/ PART-PAYMENT OF LOAN, APPLICABLE ON THE AMOUNT PREPAID/ FORECLOSED

Type of Fee/ Charges Condition Fee/ Charges

i) Foreclosure/ Pre-Payment/ Part-
Payment*(For Individual/Non- a) For Housing Loan/ Non-Housing Loans (other than
Individual) business purpose) at floating rate Nil
b) Non-Housing Loans (other than business purpose) to
non-individual borrowers at floating rate 3% of the loan outstanding+ applicable taxes
c) For Non-Housing Loans for business purpose at
floating rate
a. If tenor of the loan served is between 1 month
to 12 months 3% of the loan outstanding+ applicable taxes
b. If tenor of the loan served is more than 12
months 2% of the loan outstanding + applicable taxes
d) For a Housing Loan at fixed rate of interest prepaid/
foreclosed through own sources Nil
e) For Housing Loan (other than paid through own
sources)/ Non-Housing Loan at fixed rate of interest 3% of the loan outstanding + applicable taxes

f) For Project Loan Upto 4% of the loan outstanding + applicable taxes

g) For Term Loans to NBFCs/HFCs Upto 2% of the loan outstanding + applicable taxes

h) Documents handling charges post closure of loan 3000 /- per day, beyond 30 days from date of closure
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 SCHEDULE OF FEE/ CHARGES

+ Applicable Taxes

i) For Housing Loan/ Non-Housing Loans (other than

ii) Part-Payment of Loan* business purpose) at floating rate of interest Nil
No charges for payment made upto 25% of the
outstanding principal within one financial year. Beyond
j) For Non-Housing Loans for business purpose at that foreclosure charges mentioned at Sl. No. (b) above in
floating rate of interest the table shall be applicable.
k) For Non-Housing Loans (other than business purpose) 3% of the loan outstanding+ applicable taxes
to non-individual borrowers at floating rate
l) For Housing Loan at fixed rate of interest– Part-
Prepaid through own sources Nil
No charges for payment made upto 25% of the
outstanding principal within one financial year. Beyond
m) For Housing Loan (other than paid through own that foreclosure charges mentioned at Sl. No. (e) above in
sources)/Non- Housing Loan at fixed rate the table shall be applicable
*Please note the following:
• Minimum Pre-payment amount should be sum of 3 EMI’s or Rs.50000/-, whichever is higher.
• The expression "own sources" for this purpose means any sources other than borrowing from a Bank/HFC/NBFC or Financial Institution. The borrower shall
be required to submit such documents that the Company may deem fit & proper to ascertain the source of funds at the time of prepayment of the loan
• For dual/hybrid rate loans (combination of fixed and floating), Part prepayment/foreclosure charges would be applied depending on whether at the time of part
prepayment/foreclosure, the loan is on fixed or floating rate.
• The part pre-payment/foreclosure charges as mentioned above are as on date of execution of the loan agreement, however they are subject to change as per
prevailing policies of Hero Housing Finance Limited and accordingly may vary from time to time. Borrowers are requested to refer to
www.herohousingfinance.com for the latest charges applicable.
• For any reset/ revision of floating interest rate or revision in HRR, the Company shall follow its internal policy. In case of any reset of interest rate, any change
in the same on the loan leading to changes in EMI and/or tenor or both shall be notified to the Borrowers through appropriate channels. Further, at the time of
revision of its floating interest rates, the Company shall provide the following options to the Borrowers:
• Option of switching from a floating interest rate to a fixed interest rate.
• Option of enhancement in EMI or elongation of tenor or for a combination of both options.
• In case of non-receipt of request from the Borrower regarding exercise of any of the above listed options within 7 days of such notice, it shall be treated as
deemed acceptance by the Borrower for continuing with the revised floating interest rate as notified to him/ her by the Company.
• The Borrowers shall have the choice to prepay, either in part or in full, at any point during the tenor of the loan subject applicable foreclosure charges/ pre-
payment penalty.
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 SCHEDULE OF FEE/ CHARGES

• A Borrower may be provided option to switch over from a floating interest rate to a fixed interest rate or vice-versa or repricing of interest rate maximum up to
one time during entire tenor of the loan, subject to the applicable charges and the Policies of the Company.
• For Mixed Rate, Prepayment charges would be applicable as per fixed rate of interest in accordance to the schedule of charges , if the loan is closed within the
fixed tenure. There after prepayment to be charged as per the floating rate of interest charges.
• In case of any conflict/deviation, terms & conditions as per MITC will prevail.

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