|Description||Home Loan (all variants)|
|Administration fees||Upto 1% of loan amount disbursed|
|Loan prepayment charges||
Fixed rate loan:
• Part payment charges are 2.50% of the amount prepaid
• Pre-closure charges are 2.50% of the loan outstanding at the time of loan closure.
Floating rate loan:
• No part payment or prepayment charges.
Duplicate statement charges
(account statement, interest certificate, amortization
|Charges for unsuccessful execution of standing instruction for payment / Cheque / ECS / NACH bounce charge||Rs. 500|
|Switch fee / Repricing fee||
Upto 1% of principal outstanding
(at the request of the borrower, Deutsche Bank at its discretion may permit the borrower to re-price his / her loan)
(applicable on all customer initiated EMI / tenure change requests)
|Default interest rate||24% per annum|
|Stamp duty charges on loan agreement||As applicable depending on local regulations and on the type of mortgage|
|Post dated cheques / ECS / NACH / SI swap charges||Rs. 500|
|Document retrieval charges||Rs. 500|
|Taxes and other government levies||As applicable|
*In the event of the loan getting declined, an amount of Rs. 2,000 (or the fee paid by the client, whichever is lower) would be deducted towards loan administration fee and the balance amount would be refunded. No refund of administrative fee would be done if the loan is sanctioned.
Deutsche Bank AG, India (“Bank”) reserves the right to request for such documentation and information as it deems necessary to process the loan application. Approval of loan shall be at the sole discretion of the Bank. The loan shall be subject to due execution of requisite legal documents. Charges as mentioned are subject to change and shall attract Service Tax / Education Cess, as applicable.