Fees and Charges

Retail

	Description of Charges	Applicability of Penal Charges on non-compliance to Material terms and conditions of Loan agreement as given in the note below #
Penal Charges#	Post disbursement document The PDD charges can be levied on case to case basis after reconciliation of pending cases which are due for update / pending for VIN corrections.	Non submission of Registration Certificate with Hypothecation not submitted within 90 days from the Disbursal date. Penal charge of Rs. 2500
	Cheque /ACH Bounce Charges	₹500 per bounce for all banks except Gramin & Co-operative banks where per bounce charge is ₹1000
	EMI overdue Penal Charges	36% per annum of overdue EMI

	Description of Charges	Applicability
New Loan Fee	Loan Agreement Charge	₹300
	PDD (Post Disbursement Document) Charges	₹400
	Document Fee – New car	₹763
	Document Fee – Used car	₹932
	Processing Fee – New Car	Up to a maximum of ₹5,500 based on Loan Amount
	Processing Fee – Used Car	Up to a maximum of ₹5,500 based on Loan Amount

	Description of Charges	Applicability
Incidental Charges	Loan Cancellation Charges	Applicable before first EMI overdue. In the event of cancellation, the refund of the loan amount needs to be done within the same month of disbursement. A fee of ₹3000 + Interest on the loan amount will be borne by the customer from date of loan disbursement till amount is fully repaid. The processing fee and documents charges will not be refunded. Cancellation beyond 30 days from date of disbursement would be treated as foreclosure and relevant charges will apply.
	Foreclosure/Part-Prepayment Charges	Applicable after first EMI payment. 5% of Principal Outstanding for first 12 months 2% of Principal Outstanding from 13 – 24 months NIL after 24 months Part-Prepayment is not allowed for: (a) structured payment products such as Step Up, Step Down, EMI holiday; (b) if the remaining tenure of the contract is less than 3 months.
	Legal, Repossession, Remarketing & Incidental Charges	At Actuals
	Cheque/ ECS / ACH swap charges	500 per instance
	Photocopies of Loan agreement (Upon customer’s request)	150 per request
	Loan Restructure Charges	Up to Loan outstanding amount of ₹2 lakhs – ₹1,500 Loan outstanding amount greater than ₹2 lakhs – ₹2,500
	Loan Rescheduling Charges – EMI date Change	₹1,000
	Duplicate NOC fees	₹500 per NOC
	NOC Charge for Interstate transfer and other purpose	₹1,000 per NOC

The above fees and charges are effective 3rd May 2024 and applied prospectively to both individual and non-individual customers.
Loan Agreement charges and PDD charges will be deducted from the Loan disbursement amount.
Charges and Fees are exclusive of Government Taxes. Goods and Services Tax (GST), Other Government taxes, Levies, etc., will be applicable as per prevailing rates in addition to the above-mentioned charges.
Any service charges not mentioned above will be charged at actuals.
NRFSI offers Personal loans only to employees of Nissan and Renault Group Companies. Applicable charges to Group employee personal loans are Loan agreement charge, ACH/Cheque bounce Penal charge, and Incidental charge mentioned above.

Retail New car and Used car loan	Group Employee Personal Loan
Clause 4.2 : Registration Certificate (RC)	Clause no 3 EMI overdue
Clause 9.1 ACH/Cheque bounce back	Clause no 3.ACH/ Cheque bounce Penal charge
Clause 9.1 EMI Overdue	–