Charges For Wheels Product | AU Small Finance Bank

Schedule of charges for Wheels Product (Vehicle Loans) (For Financial Year 2022-23)

S. No.	Parameters	Charges applicable as per product
S. No.	Parameters	Two- Wheeler	Three - Wheeler	Car	Commercial Vehicle & Const. Equipment	Tractor Finance
1	Loan Processing Charges	Up to 4% of Loan Amount	Up to 2% of Loan Amount	Up to 2% of Loan Amount	Up to 2% of Loan Amount	Up to 2% of Loan Amount
2	Documentation Charges	Up to INR 3000	Up to INR 2000	Up to INR 5000	Up to INR 5000	Up to INR 5000
3	Overdue Interest	3% per month on outstanding amount	3% per month on outstanding amount	3% per month on outstanding amount	3% per month on outstanding amount	3% per month on outstanding amount
4	Prepayment/Fore-closure charges	5% of Balance amount, if paid before 12 months	5% of Balance amount, if paid before 12 months	5% of Balance amount, if paid before 12 months	5% of Balance amount, if paid before 12 months	5% of Balance amount, if paid before 12 months
4	Prepayment/Fore-closure charges	3% of Balance amount, if paid after 12 months	3% of Balance amount, if paid after 12 months	3% of Balance amount, if paid after 12 months	3% of Balance amount, if paid after 12 months	3% of Balance amount, if paid after 12 months
5	Part Foreclosure	Not allowed	Not allowed	Not allowed	Not allowed	Not allowed
6	Collection Charges	INR 600 per visit	INR 600 per visit	INR 600 per visit	INR 600 per visit	INR 600 per visit
7	Cheque/SI/ACH/ECS Return Charges	INR 500	INR 500	INR 500	INR 500	INR 500
8	Issuance of Duplicate NOC	INR 500	INR 500	INR 500	INR 500	INR 500
9	Statement of Account	INR 500	INR 500	INR 500	INR 500	INR 500
10	Duplicate Amortisation/Repayment Schedule	INR 500	INR 500	INR 500	INR 500	INR 500
11	Swap Charges (Replacement of PDC/Change of Bank)	INR 1,000	INR 1,000	INR 1,000	INR 1,000	INR 1,000
12	Stamp Duty	As per State’s Stamp Act	As per State’s Stamp Act	As per State’s Stamp Act	As per State’s Stamp Act	As per State’s Stamp Act
13	Stamping expenses*	INR100 (including GST)	INR100 (including GST)	INR100 (including GST)	INR100 (including GST)	INR100 (including GST)
14	Foreclosure statement charges	INR 500	INR 500	INR 500	INR 500	INR 500
15	Change in Instalment date	INR 500 plus difference period interest (if any)	INR 500 plus difference period interest (if any)	INR 500 plus difference period interest (if any)	INR 500 plus difference period interest (if any)	INR 500 plus difference period interest (if any)
16	Duplicate Copy of Property/ Loan Document	INR 1,000	INR 1,000	INR 1,000	INR 1,000	INR 1,000
17	Valuation Charges for Used/Refinance Vehicles	Not applicable	Up to INR 1000	Up to INR 1000	Up to INR 1000	Up to INR 1000
18	Special NOC without removing of Hypothecation	INR 500	INR 500	INR 500	INR 500	INR 500
19	Vintage Model Fees (applicable if vehicle model is more than 10 years old in 4W & 6 years in 3W) (including GST)	NA	INR 1,500	INR 1,500	INR 1,500	INR 1,500
20	Legal/Sarfaesi /Incidental Charges	At Actuals	At Actuals	At Actuals	At Actuals	At Actuals
21	Repossession Charges	Up to INR 6500	Up to INR 8000	Up to INR 10000	Up to INR 15000	Up to INR 15000
22	Tele Collection Charges	INR 40	INR 40	INR 40	INR 40	INR 40
23	Ledger Folio charge (including GST)	Up to INR 3000	Up to INR 3000	Up to INR 3000	Up to INR 3000	Up to INR 3000
24	Legal & Courier Charges	INR 1,100	INR 1,100	INR 1,100	INR 1,100	INR 1,100
25	Default collection charge	INR 708	INR 708	INR 708	INR 708	INR 708
26	RC charge	At Actuals	INR 100	INR 100	INR 100	INR 100
27	RTO charge	At Actuals	At Actuals	At Actuals	At Actuals	At Actuals
28	Repo Charges and Other Related Charges	At Actuals	At Actuals	At Actuals	At Actuals	At Actuals
29	Vehicle Shifting Charges	At Actuals	At Actuals	At Actuals	At Actuals	At Actuals
30	ROC filling Charges	INR 2,000	INR 2,000	INR 2,000	INR 2,000	INR 2,000
31	SPDC waiver charge	INR 1,500	NA	NA	NA	NA
32	PDD charge	INR 550	NA	NA	NA	NA
33	Cash Collection Charges on more than Rs 20,000/- (at the time of Prepayment/foreclosure only)	INR 5 per thousand for cash collection	INR 5 per thousand for cash collection	INR 5 per thousand for cash collection	INR 5 per thousand for cash collection	INR 5 per thousand for cash collection
34	Cheque/Disbursement/Loan cancelation	INR 1000 (within 7 days of cheque issue date)	INR 1000 (within 7 days of cheque issue date)	INR 1000 (within 7 days of cheque issue date)	INR 1000 (within 7 days of cheque issue date)	INR 1000 (within 7 days of cheque issue date)
34	Cheque/Disbursement/Loan cancelation	INR 1000 plus interest up to cancelation period	INR 1000 plus interest up to cancelation period	INR 1000 plus interest up to cancelation period	INR 1000 plus interest up to cancelation period	INR 1000 plus interest up to cancelation period

*If stamp duty is purchased by Bank on behalf of customer.

Interest Rates

1	Interest Rate	Up to 28%	Up to 25%	Up to 17%	Up to 18%	Up to 18%
2	Interest Rate- Used Vehicle	Up to 28%	Up to 25%	Up to 25%	Up to 25%	Up to 25%

Note:

Charges are as applicable for the respective Wheels product variants as defined by AU Small Finance Bank.
The above charges are subject to revision with prior intimation of 30 days to all account holders.
GST and other Government taxes applicable as per prevailing rate will be charged over and above the fees and charges.
Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent free of charge.
Bank do not levy any loan related and adhoc service charges/inspection charges on priority sector loans up to INR 25000.
In case of floating rate, wheels loans offered for ‘Other than Business’ purposes to individual borrowers with or without co-obligant(s), No prepayment/foreclosure charges shall be levied.
The terms and conditions, as defined by AU Small Finance Bank, apply. Please refer www.aubank.in for further details.
The charges are revised with effect from Dec 05, 2022.