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Reliance Home Loans - Fees and Charges

Loan Processing Charges For Home Loan – 1% +S T of loan amount
In case of Flexi – LAP : 1.25% of Loan Amt +S.T LIP LAP : 1.25% of Loan Amt + S.T.
"SPDC retrieval Charges" Rs. 300/- at the time of Preclosure / Swap / Matured / Customer Induced cancellations
Rs. 450/- if request is received within sixty days from the day of Preclosure / Swap / Matured / Customer Induced cancellations
Non Refundable processing fees (included in processing fees) Loan Amount     Charges
Upto Rs. 25 lacs - Rs.3000+S.T.
> Rs. 25 lacs - Rs.6500+S.T.
Cheque Bounce charges Rs. 450
Late Payment charges 3% pm on unpaid amount
Cheque Swapping charges Rs. 500 per swap
Prepayment charges Prepayment is allowed after 6 months of loan being fully disbursed 5% + S.T. within 6-12 months from the date of final disbursement. 3% + S.T. within 12-24 months from the date of final disbursement. 2% + S.T. after 24 months from the date of final disbursement. ( On the outstanding principle)
Loan / Cheque Cancellation Charges a) If disbursement cheque is not en-cashed within 7 days from the date of disbursement and your request for loan/cheque cancellation is received by us within the said period (7 days) then cancellation charges amounting to 1% + Service tax of the loan amount will be applicable in addition to the interest charges calculated from the date of disbursement upto the date of cancellation.
b) If your request for loan / cheque cancellation is received by us after a period 7 days from the date of disbursement then foreclosure charges as mentioned above will be applicable in addition to the interest charges calculated from the date of disbursement upto the date of cancellation
Loan Reschedulement Charges 2% of principle outstanding
Loan statement charges (per statement) NIL
NOC issuance charges First - 'Nil', Rs. 500 thereafter
Document Retrieval Charges Rs. 500 per request
Stamp duty and Registration charges + Service tax Actuals
Stamp Duty Charges( Pertaining to Loan Document) Actuals
Legal / repossession and incidental charges Actuals
Changing floating rate to fixed rate (if offered) 0.5% on the outstanding loan amount
Technical Valuation Charges As per Actuals
Legal search charges As per Actuals
Insurance Premium Actuals
Advance EMI Actuals
***EMI cycle date change charges Rs. 500/-
Foreclosure Statement Charges Rs.200 + S.Tax charges
Cash Handling charges 1%+S.Tax for cash receipts of Rs 3Lacs and above

* Nil Charges in case -
a) Where the housing loan is on floating interest rate basis (Pre closed through any source)
b) Where the housing loan is on fixed interest rate basis and the loan is pre closed by the borrowers out of their own sources.

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