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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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Home Loan & Loan Against Property Fees & Charges

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Charges

Items (INR) HOME LOANS LAP Remarks
Processing Fees 1.5% of the Sanctioned loan Amount 2% of the Sanctioned loan Amount To be paid at the time of disbursement

Other Charges

  HOME LOANS LAP Remarks
EMI bounce charges Rs.500/- Rs.500/- For each presentation dishounoured
Cheque/ Instrument Swap charges (per swap) Rs.500/- Rs.500/- Per repayment change request
Copies of documents charges Rs.500/- Rs.500/- Per request for copies / list of documents
Duplicate list of documents Rs.500/- Rs.500/- Per request for copies / list of documents
Duplicate no objection certificate/no due certificate Rs.500/- Rs.500/- Request in addition to bank's issued letter
Disbursement Cheque cancellation Rs.500/- per cancellation Rs.500/- per cancellation On specific request and as per bank’s internal guidelines
Legal/technical verification charges on actuals on actuals For initiation of legal & technical verifications.
Other statutory / mortgage creation charges e.g. Stamp duty, MOD, MOE etc. on actuals on actuals As applicable for each state for creation of mortgage
Loan rescheduling charges (per rescheduling) Rs.300 Rs.300  
Physical Repayment Schedule Rs.500 Rs.500  
Physical Statement of Account Rs.500 Rs.500  
Document retrieval charges (per retrieval) Rs.500 Rs.500  
EMI Pick up/collection charges Rs.500 Rs.500  
Cancellation & Rebooking charges 1% of the loan amount + interest from date of disbursal till receipt of cancellation request. Cancellation request to be received within 30 days or 1st EMI presentation date, post which cancellation will be treated as foreclosure Rs. 10000 exclusive of GST within 30 days of disbursement or 1st EMI presentation whichever is earlier.
Post 30 days or 1st EMI presentation request for cancellation will be treated as foreclosure		  
Interest rate type Switch fee 0.1% of the sanctioned loan amount or Rs.10,000/- whichever is lower excluding applicable charges/ taxes 0.1% of the sanctioned loan amount or Rs.10,000/- whichever is lower excluding applicable charges/ taxes  

 

Charges on account of delayed payments / defaults

Penal Charges 2% of the unpaid EMI (Exclusive of GST) or Rs 300 (Exclusive of GST) whichever is higher. Penal charges are levied in case of non-payment of the monthly payment. It is charged on the overdue instalment for the defaulted period
Incidental charges & expenses Incidental charges & expenses are levied to cover the costs, charges expenses and other monies that may have been expended in connection with recovery of dues from a defaulting customer. Charged on actuals.
Re-pricing fees Upto 2 % Re-pricing fee will be charged on loan outstanding. At the request of the borrower, bank at its sole discretion may permit the borrower for repricing of the loan.

Part Payment Charges

 

Rate Type

HL

LAP

Remarks

Part Payment Charges

Floating Rate

0-for individual

0-for individual, Micro and Small enterprises

4% for Medium Enterprises

Charged on amount in excess to 10% of the sanctioned amount in a Fiscal Year.

Fixed Rate

3%

0- for Micro and Small enterprises if Loan Amount <= Rs 0.5 cr.

4% - for Micro and Small enterprises if Loan Amount > Rs 0.5 cr.

4% - for individuals and Medium enterprises

Foreclosure charges

 

Rate Type

HL

LAP

Remarks

Foreclosure Charges

Floating Rate

0-for individual

0-for individual, Micro and Small enterprises

4% for Medium Enterprises

Charged on Principal Outstanding Amount

 

Fixed Rate

3%

0- for Micro and Small enterprises if Loan Amount <= Rs 0.5 cr.

4% - for Micro and Small enterprises if Loan Amount > Rs 0.5 cr.

4% - for individuals and Medium enterprises

Interest Rate

INTEREST RATE Floating Interest Rate:
Interest Rate on your loan is linked to the EBR rate of the period applicable to your loan.
Fixed Interest Rate:
Fixed rate period will be linked to the date of the first disbursement. At the end of fixed interest rate.

Reset Frequency

RESET FREQUENCY Interest rate on your loan will reset quarterly and will be based on the period of EBR applicable to your loan.

*All fees/charges to be paid shall be exclusive of goods and services tax(GST), as may be applicable. The services accounting code would be provided by Metra Trust and shall be binding on customer Debit Card.

Charges for Rural Banking SOC

calulator

FREQUENTLY ASKED QUESTIONS

What is the processing time for my Home Loan?

The Bank would require a processing time of approximately 15 working days from the date of the completed application. This is subject to submission of all documents as required by the Bank.

What would happen to the legal and technical fee in case I do not wish to proceed with the loan application?

The legal and technical fee would be retained or refunded as per the scenarios listed below:

S No Scenario Legal/Technical
Initiated		 Legal/Technical Fee
to be refunded
1 Customer not interested due to sanctioned amount lower than requested amount No Yes
2 Customer not interested due to sanctioned amount lower than requested amount Yes No
3 Loan application rejected basis Legal/Technical report Yes No
4 Loan application sanctioned but not availed Yes No

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