- Processing Fee:
Pledge Amount Slab Amount Rs (Inclusive Of GST) Up to 99999 /- 30 1 - 1.99 lakhs 50 2- 2 .99 Lakhs 100 3 - 3.99 Lakhs 150 4 - 4.99 lakhs 200 Above 5 Lakhs 300 - Penal charges shall be applied at 3% per annum, inclusive of applicable GST.
- Stamp duty is being collected in the state of Karnataka as follows:
State / Loan Amount Stamp Duty Karnataka: 1 Lakh and above 0.5% of the Loan amount Andhra Pradesh: 1 Lakh and above 0.5% of the Loan amount - Security charges range from Rs. 15 to Rs. 95, plus applicable GST, based on the loan amount and are charged at the time of disbursal, except in branches in Kerala, Tamil Nadu, Telangana, Andhra Pradesh, and Karnataka as mentioned below:
Pledge Amount Security Charges Up to 10000 No charges >10000 to 50000 Rs.15 >50000 to 1Lac Rs.30 >1Lac to 1.5Lac Rs.45 >1.5Lac to 2LAv Rs.60 >2Lac to 5Lac Rs75 Above 5Lac Rs.95 - Auction charges :
Particulars Charge Per Pledge (incl. tax) Printing & Stationary 20 Advertisement Charges 200 Transportation 6 Insurance 6 Charges paid to auctioneer 96 Postage 75 Expense incurred for sorting, litting, and other auction related work 47 Total Auction Charges Rs.450 - Minimum 7 Days interest will be levied as fore-closure charges in case if Loan inventory is closed 7 days before the date of Inventory creation. Customers availing loans through the OGL platform are provided with a cooling-off period of 3 days, during which they may exit the loan without any penal charges.