Service Charges & Fees | Truhome Finance Limited

Services and Charges

Truhome Finance Limited (Formerly Shriram Housing Finance Limited) ensures that you get the appropriate Mortgage Loans in terms of interest rates and other facilities. You can choose from Adjustable, Fixed or Floating Rate of interest Mortgage Loan.

Fees and other charges*:
Rate of Interest	8.50%- 22.00% basis the product category and risk categorization of borrower(s)
Login fees (Initial Money Deposit)	₹1,000 - ₹5,000 depending upon the product type and loan amount (to be paid at the time of login). Login valid till 180 days from login date, post which login fee to be paid again by borrower
Processing fees	As mentioned in the preceding section(s) of Sanction Letter
Pre-payment charges / Foreclosure Charges	Floating rate home loan and one of the borrower is an individual - Nil Floating rate LAP loan where purpose of loan is for business and borrowers are individuals and/or non-individual/s - 4% + Applicable Taxes of principal prepaid if repaid from own Funds 6% + Applicable Taxes of principal prepaid if repaid via Balance Transfer Floating rate Micro LAP loan where purpose of loan is for business and borrowers are individuals and/or non-individual/s - 6% + Applicable Taxes of principal prepaid if repaid from own Funds 8% + Applicable Taxes of principal prepaid if repaid via Balance Transfer Fixed Rate Loans Full repayment of home loan by individual borrowers - 6% + Applicable Taxes of principal prepaid if repaid via Balance Transfer; NIL in case closed from own funds Part or full repayment of LAP Loan - 6% + Applicable Taxes of principal prepaid if repaid from own Funds 8% + Applicable Taxes of principal prepaid if repaid via Balance Transfer Part or Full Prepayment of Loan (on Floating / Fixed Rate of Interest) by Corporates/ Public Agencies/ Builders/ Legal Entities - As per Terms of Sanction Letter
Penalty for Instrument return - Construction Finance to Builders/ Corporates	1st time return ₹5,000/- 2nd time and onward return ₹10,000/-
Instrument return charges	₹1,000/- per instance
Charges on account of non-submission/ Registration of PDC/ NACH Mandate Form for EMI payment, per transaction	₹2,000/- per transaction
Penal Charges	36% p.a. (Inclusive of GST) i.e. 3% per month of the overdue / defaulted installments / amount for all type of loans.
CERSAI fees	₹50/- for loans up to ₹5 Lakh & ₹100/- for loans greater than ₹5 Lakh (to be collected at the time of closure of the loan)
Change in loan tenor or EMI (other than due to part payment), addition/ deletion of coborrower(s) post loan disbursement^	₹10,000/- per instance
Duplicate statement issuance Charges	₹250/- per instance
Switch Charges	Fixed to Variable- upto 4.0% of Loan outstanding Variable to Fixed- upto 2.0% of Loan outstanding
Conversion fees^	Upto 0.25% of loan outstanding for Home loans Upto 0.50% of loan outstanding for LAP loans
Photocopy of title deeds issuance charges	₹1,000/- per instance
Retrieval of title deeds	₹500/- per instance
Cheque/ Instrument swap charges	₹500/- per instance
Amortization schedule issuance Charges	₹250/- per instance
Statement issuance Charges	₹250/- per instance
Duplicate interest certificate (provisional/ actual) issuance charges	₹250/- per instance
Duplicate NOC Issuance Charges	₹250/- per instance
Issuance of LOD	₹500/- per instance
Issuance of Foreclosure Letter (FCL)	₹500/- per instance
Holding charges of original documents in closed accounts, beyond 30 days	₹500/- per month
EMI Collection - Visit Charges	₹1,000/- per visit
Mortgage Creation/ Release Charges	As per the laws of the State where the property is located/ mortgage is being created.
Legal/ Recovery/ Incidental Charges	As per actual, applicable in the event of default.
Mortgage Guarantee Fee	Mortgage Guarantee fee; wherever applicable; is to be borne by borrower and is non- refundable.

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Services and Charges