The fees and charges applicable on Ford Credit India's new car loan are provided in the below table.
Charge Category |
Amount in INR |
|---|---|
Loan Processing fee [includes Stamp Duty and Documentation Charges] |
Max. Rs. 6,500 + GST |
Additional / Default Interest |
3% per month on principal portion of the overdue EMI |
Prepayment / Pre closure Charges |
3% at any time of the loan tenure + GST |
Cheque Return Charge |
Rs. 500 |
Cheque / ACH Swapping Charge |
Rs. 500 |
Issuance of Duplicate NOC |
Rs. 500 |
Amortization Schedule / Statement of account Charges |
Rs. 250 for hard copies and NIL for soft copies |
Special NOC to RTO |
Rs. 500 |
Commercial / Personal Use NOC |
Rs. 1500 |
Legal, Repossession & Incidental charges |
At Actuals |
Note:
1. All fees and charges are subject to GST as applicable.
2. The fees or charges given in above table are subject to change and the one recorded in agreement will be binding over this site.