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  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on +44 7831 065557 or visit the nearest Metra Trust branch for further queries.

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Consumer Durable Loan – Interest Rates & Applicable Charges

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Interest Rate

Refer to the table below to know the current consumer durable loan rates

Product type Minimum ROI (%)
Consumer Durable Loan 9.95*

* T&C Apply

Charges / Fees

Type of Fees Applicable Charges Remarks
Processing Fees As applicable Fees are applicable at the time of loan agreement execution
Facilitation Fees Rs.199 Other/ Bureau Pull Charges (Including GST)
EMI Bounce Charges Upto Rs. 400 Per instance of dishonour of cheque /SI/ECS/NACH debit instruction + GST as applicable
Penal charges/ Late Payment/Overdue Upto 2% per month of the overdue instalment or Rs. 300 whichever is higher Any delay in payment of monthly installment/ EMI shall attract penal interest per month on the Monthly Instalment/EMI Outstanding, from the date of default until the receipt of Monthly Instalment/ EMI.
Swap Charges (Cheque/ Repayment Instrument) Nil (Cheque/ Repayment Instrument)
EMI Pick up/ Collection Charges Upto Rs.350 Per Pick up /collection
Tech bounce charges Rs.300 Per tech bounce charge + GST as applicable
Foreclosure Charges Upto 5% of principle - outstanding amount Foreclosure of the loan is possible anytime during the loan tenure

Easy Buy EMI Card Fees

Type of Fees Applicable Charges Remarks
Easy Buy EMI Card Fees Upto Rs. 530 One time charges (Including GST)
Card Replacement Fees Upto Rs. 199 Per instance (Including GST)
EBC & Push Card Annual Fee Upto Rs. 99 Annual fee will only be charged to the Easy Buy EMI Card (Including GST)

Other Charges

Type of Fees Applicable Charges Remarks
Cancellation & Rebooking charges Rs. 1000 or 5% of loan
amount - whichever is
higher		 Cancellation request to be received within 30 days or 1st EMI
presentation date, post which cancellation will be treated as
foreclosure.
Duplicate No Objection certificate/No Due
Certificate 		 Upto Rs. 500 Request in addition to bank’s issued letter
Duplicate Statement issuance charges Upto Rs. 500 Per instance per set + GST as applicable.
Stamp Duty Not Applicable  
Part Payment Charges Not Applicable  
Pre EMI Not Applicable  
Loan Rescheduling Charges Not Applicable  

Disclaimer:
GST, as applicable, will be levied on all service charges. The pre-payment/foreclosure/part payment of the loan has to be done using customer’s own funds. The Services accounting code would be provided by Metra Trust and shall be binding on customer. In case customer is related person to Metra Trust, GST, as may be applicable, needs to be paid by customer. The above Schedule of Charges is subject to be revised from time to time by the Bank, as will be updated on the official website of the Bank.

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