Given below are the Most Important Terms & Conditions for getting a loan from Shubham. These will be detailed and given to a customer at the time of signing of the loan agreement and the loan will be disbursed only after we have the customers consent on these terms
Agreement Schedule Report for Applicant No. -
Place of Agreement | |||||||||||||
Date of Agreement | |||||||||||||
Product Type | |||||||||||||
Name of the borrower | |||||||||||||
Name of the Co borrower(s) /Guarantor(s) | |||||||||||||
Address of Borrower | |||||||||||||
Branch of Shubham | |||||||||||||
Loan Amount | |||||||||||||
CLSS Amount | |||||||||||||
Prime Lending Rate (PLR) | |||||||||||||
Type of Interest Rate (Reset Linked to revision in PLR of Company/SHDFC) | Floating | ||||||||||||
Re-pricing Frequency | Monthly or as and when required | ||||||||||||
Applicable Interest Rate | ………… % per annum i.e. PLR ±……….(Spread) | ||||||||||||
Penal Interest Rate | 24 % per annum on Overdue EMI | ||||||||||||
Type of Instalment | |||||||||||||
Due Date | 4th or 10th of Every month | ||||||||||||
EMI | |||||||||||||
Pre – EMI | |||||||||||||
Mortgaged Property/Security/Collateral | |||||||||||||
Term/ Tenor (In Months)/No. of EMIs | |||||||||||||
Charges: | |||||||||||||
Administrative and Operational Costs-At Login (Non Refundable) ( inclusive of Applicable taxes) *to be taken only if customer has identified the property and wish to pay upfront |
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Administrative and Operational Costs-At Disbursal (Non Refundable) (inclusive of Applicable taxes) | Up to 3% of disbursed amount or any other amount as may be decided by management | ||||||||||||
CERSAI Charge (Non-Refundable) (inclusive of applicable taxes) | Rs. 50+ GST, if loan amount is upto Rs. 5 Lakhs Rs. 100+GST, if loan amount is above Rs. 5 Lakhs | ||||||||||||
General Insurance Premium (Non-refundable) (inclusive of applicable taxes) | Actual | ||||||||||||
Health Insurance Premium (Non- Refundable) (inclusive of applicable taxes) | Actual | ||||||||||||
Life Insurance Premium (Non-refundable) (inclusive of applicable taxes) | Actual | ||||||||||||
Duplicate statement (per Statement) | Rs. 250 + GST | ||||||||||||
Emi Payment Instrument Swapping charges | Rs. 500 + GST | ||||||||||||
Duplicate interest certificate | Rs. 250 + GST | ||||||||||||
Copy of property documents | Rs. 500 + GST | ||||||||||||
Cheque/ECS/NACH/SI bounce charges | Rs. 500 | ||||||||||||
Charges for non-availability of repayment instrument | Rs. 500 + GST | ||||||||||||
EMI Due Collection Charges | Rs. 400 + GST | ||||||||||||
Property Swapping Charge | Rs.3000 + GST | ||||||||||||
List of Documents | Rs. 250 + GST | ||||||||||||
Foreclosure statement charges | Rs.500 + GST | ||||||||||||
Custodial Fee for property documents in closed loans | Rs 500 Per month (post 60 Days from Loan Closure Date) + GST | ||||||||||||
Valuation fee in Construction Linked Loan cases | First visit: No charges. Subsequent visits: Rs 500+GST | ||||||||||||
Valuation fee for property revisit | Rs.1500 + GST | ||||||||||||
Document retrieval charges on closure of loan (excluding maturity closure) | Rs.1000 + GST | ||||||||||||
Duplicate No Dues Certificate | Rs.250 + GST | ||||||||||||
Statuary Charges if any | as per actual | ||||||||||||
Legal Charges if any | as per actual | ||||||||||||
Re valuation charge for NPA cases | Rs.1350 + GST | ||||||||||||
Search charges (to be charged in case of delayed disbursement) | Ùpto Rs. 1000 depend on SRO Office + | ||||||||||||
Nesl data submission | Rs. 50 + GST | ||||||||||||
Partial Prepayment charges |
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Pre closure charges
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End use / Purpose of loan | |||||||||||||
Use of Property | |||||||||||||
Conditions of disbursement of Loan | |||||||||||||
Mode of repayment | 1.PDC 2.Electronic Mode |
Note: - Above fee and charges are exclusive applicable taxes (GST) or any other govt taxes, levies etc and subject to change and will be at sole discretion of Shubham Housing Development Finance Company Ltd.
In case disbursement is not availed then Administrative and Operational Cost-plus Interest paid (if any) is non- refundable.
The Interest calculation is on 360 days for all years during the loan tenure and monthly interest calculation is on 30 days for all months.
For Full disbursal loans- Pre – Emi will be charged in the first month after disbursal which will be interest from the date of disbursal till the end of that month. The EMI as stated in the above table will commence from the subsequent month.
For Tranche disbursal loans. Pre EMI will be charged till full disbursal is made or 12 months from the month of disbursal, whichever is earlier. Thereafter, the EMI as stated in the above table will commence from the subsequent month.
In case of plot plus construction/self-construction loans, plot shall be deemed to include any structured erected thereon, in present or in future.
It is hereby agreed that for detail terms and conditions of the loan, the parties hereto shall refer to and rely upon the loan and other security documents executed/ to be executed by them.
It is further clarified that amount of EMI/Pre-EMI not paid on due date mentioned above shall become overdue. Further your loan account in case of default shall be liable to be classified by the Company as under:-
S. No | SMA Subcategories | Basis for classification – Principal or interest payment or any other amount wholly or partly overdue |
(i) | SMA-0 | Upto 30 days |
(ii) | SMA-1 | More than 30 days and upto 60 days |
(iii) | SMA-2 | More than 60 days and upto 90 days |
(iv) | NPA | More than 90 days |
It is further clarified that once the loan accounts classified as NPAs cannot be upgraded as ‘standard’ asset until entire arrears of interest and principal are paid by the borrower.
In cases of receipts of loan closure requests other than balance transfer, The borrower can request for closing his running loan any day before 25th of the running month, by visiting the same branch which has disbursed his loan and giving written application. The loan will be closed within 15 days of accepting the application and original property along with SPDCs (if any) would be handed over within 30 days of loan closure against written receiving.
Acknowledgement
The  above  terms and conditions have been read by me/us /read over to me/us by Shri/Smt./Kum.________________ of the Company and have been understood and accepted by me/us and a copy of above terms have also been delivered to me/us.
(Signature or thumb impression of
the borrower)
(Signature or thumb impression of
the co-borrower(s)/guarantors)
(Signature of the authorized person
of Lender)