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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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Pre Owned Car Loan Fees and Charges

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Pre-owned Car Loans Fees and Charges

Pre Sales charges
 

Products/Type of charges* Pre-owned car loan
Stamping Charges As per actuals
Processing fees Upto 5% of the total loan amount (Inclusive of GST)
Loan Management Fee/Bundled Fee(If Applicable) Up to 10000 (Inclusive of GST)
Pre EMI-Charge (If Applicable) As per actuals
Valuation Charges(If Applicable) Upto 4000 + GST
Asset Verification Charges (If Applicable) Upto 4000 + GST
PDD Charges Upto 2000 + GST
Insurance If Applicable

 

Post Sales charges
 

Products/Type of charges* Pre-owned car loan
EMI Bounce charges (per presentation) ₹500 + GST
Cheque Swap charges (per swap) ₹500 + GST
Cancellation & Rebooking charges ₹10000+GST towards Cancellation, Cancellation to be received within 30 days or 1st EMI presentation date whichever is earlier. Post which it will be treated as foreclosure.
Note: Cases beyond 30 days would be treated towards cancellation only with requisite approval.
Foreclosure / Prepayment charges* 5% of Principle Outstanding Amount + GST (unless specifically approved for lower FC Charges prior to disbursement)
Physical Repayment Schedule ₹500 + GST
Physical Statement of Account ₹500 + GST
Document retrieval charges (per retrieval) ₹500 + GST
Part Payment charges Part Payment is not allowed
EMI Pickup/ Collection Charges ₹500 + GST
Legal/Collections/ Repossession & Incidental Charges As per actuals
Late payment/Penal charges/Overdue (per month) 2% per month of the unpaid EMI or ₹300 whichever is higher + GST
Duplicate No
Objection Certificate (NOC)
Issuance Charges
  • ₹500 Exclusive of GST

  • Special NOC charges ₹500 Exclusive of GST

  • Commercial NOC - ₹2250 Exclusive of GST

  • Inter-State NOC Exclusive of GST Refundable Security Deposit (non-interest bearing) of ₹5,000 will be taken. It will be the borrower’s responsibility to provide the transferred Registration Certificate to the bank. In addition, NOC charge would be ₹500 Exclusive of GST
    		•
    Transaction/Other Fees (if applicable) As per Actuals
    Easy Buy Card Replacement Fee (If Easy Buy Card Applicable) ₹100 Exclusive of GST
    Easy Buy Card Annual Fee (If Easy Buy Card Applicable) ₹99 Exclusive of GST

    Any changes in fees/charges will be effective prospectively.

    Pre Owned Car Loan Interest Rate

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