| FEES & CHARGES | ||||
| The schedule of charges as applicable on date is provided below: | ||||
| Category | Fees | |||
| Fee /Documentation charges /File charge new | 0.5-2% of Loan Amount | |||
| 1-2.5% of Loan Amount | ||||
| Pre-payment / Part Payment Charges * | 4% of the principal outstanding for any preclosure within 6 months from date of agreement+ service tax | |||
| 0% – After 6 months | ||||
| Loan Cancellation | In the event of cancellation, Interest charges will be borne by the customer. Processing Fee, Stamp duty and RTO charges are non-refundable charges and would not be waived/refunded in case of loan cancellation. | |||
| Late Payment penalty | Rs. 250 | |||
| Statement of Account Charges (on Demand only) | Rs. 250 | |||
| Legal, Repossession & Incidental charges | At actuals | |||
| Stamp Duty & other Statutory Charges | As per applicable law | |||
| Duplicate No Due Certificate / NOC | Rs. 500/- per Instance | |||
| Duplicate Amortization Schedule Charges | Rs 200/- per schedule | |||
| Loan Re schedulement / Re-booking charges | Rs. 1000/- | |||
| Cheque / SI / ECS Return Charges * | Rs. 550/- per Instance | |||
| Documentation charges | As per applicable law | |||
| Charges for swapping PDCs of one bank to another | Rs 0 | |||
| Additional Finance Charges (AFC) | 0-30 days- 24 % 31-60 Days- 30 % 60+ Days- 36% | |||
| Visit Charges (for collection) | Rs. 250 | |||
| Cheque/ECS bounce charges | Rs 250 | |||
| Cash handling charges | Rs. 100 | |||
| Note : * Where ever notified GST and other government levies, as applicable, would be charged additionally at the applicable rates. | ||||
| Interest Rate (reducing balance) | ||||
| New Tractor | 14%-20% | |||
| Used Tractor | 18%-26% | |||
At IFFCO Kisan Finance, we pride ourselves to be an IFFCO entity and follow the same IFFCO philosophy of giving a high value to our shareholders and growing together along with them. Our financial informations and corporate profile are presented to you here to let you understand our company better and to give you a clear picture of what we are, what we do and where we are headed.
Contact details
IFFCO HOUSE, 34, NEHRU PLACE, NEW DELHI-110019
Investor Grievances
Deepika Singh,
Company Secretary
Email: deepika.singh@kisanfinance.com
Our company partners provide Life Insurance plans that cover the insured member and assist their families in case of any unfortunate event of death. Through our partners we provide a onetime premium based life insurance policy which is valid for the entire duration of the loan. The plan works in a simple manner where the member just has to choose the coverage term, pay the premium and stay protected.
Salient Features –- Attractive pricing
- Speedy processing: issuance as well claim
