In the event of default, all outstanding amounts With CICs like CIBIL, it is advised that the Borrower should ensure timely payment of Hence, to avoid any adverse impact on the credit history Required to provide Credit information relating to its borrowers to Credit InformationĬompanies (CICs) periodically. Any third party so appointed by the Company will be required to adhere to theĬode of conduct of the Company for recovery of dues. Post, Fax, Telephone, E-mail, SMS and/or through third parties appointed for collection Will follow-up with/ send reminders to the Borrower/ Guarantor for payment of dues by If the amount due is not paid within the agreed timelines, the Company To pay the EMI or PEMI regularly on due date without any notice, reminder or PROCEDURE OF RECOVERY OF OVERDUES ARE AS FOLLOWS The process of repayment of the loan is explained the Borrower. On Actuals as charged by the customer’s bank Valuation fee in Construction Linked Loan cases Property documents holding Fee – (Charged per month post 60 days from the date of loan Post that 1% ofĠ.5% to 1.5% of the Principal Outstandingĭemand Draft or Pay Order Re-issuance or Cancellation Nil up to 30 calendar days or 1st EMI due date whichever is earlier.
The applicable rate of interest on the loan will be revised/ reset with the change in On Floating / Adjustable Rate of Interest (“RoI”) ………….) (as on theĪpplicable Rate of Interest (as on the date)= GHPLRĮligibility to any government sponsored subsidy scheme will be as per the eligibilityĬriteria prescribed by the Government of India/ respective state government/ govt.ĭepartment/ nodal agency from time to time Per annum at the monthly rests or as per the terms & conditions mentioned in the Loan In case of fixed RoI, interest shall be payableīy the Borrower at Godrej Housing Prime Lending Rate (herein after referred to as GHPLR) DETAILS OF RATE OF INTEREST Type of Rate of Interest (“RoI”)