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Jun 25, 2024 · Through a MODT deed, a borrower gives a printed undertaking. It states that they have deposited their property's title document with the lender out of their free will. The title document deposit takes place in exchange for a loan. A borrower must register the MODT deed at the state sub-registrar’s office.
Apr 1, 2024 · Ans. HDFC Bank Limited charges a processing fee of up to 0.50% of the total home loan amount from salaried and self-employed applicants, with a minimum fee of Rs 3,000. For self-employed non-professional applicants, the processing fee is up to 1.50% of the home loan amount, with a minimum fee of Rs 4,500. For NRI applicants, the processing fee ...
Below is the table for home loan processing fees and other charges. Type of Fees. Charges Applicable. Processing Fee. Up to 4% of the loan amount + GST as applicable. Secure Fee. Up to Rs. 10,000 + GST as applicable.
Sep 20, 2021 · The MOD in home loan is usually executed as the last installment is disbursed into the borrower’s loan account. It is a key charge paid alongside processing charges. MOD charges are somewhere between 0.1% to 0.5%. Now that we have determined what is MOD in home loan, let us look at some important information related to it.
Mar 10, 2022 · Stamp duty: 0.2% of loan sanctioned amount. Registration: 0.1% of loan sanctioned amount. Scanning Rs. 350 (approx.) In Karnataka, below is the step by step procedure to pay MODT charges. Step 1: Open the K2 website Khajane II. The home page looks like the below image. Step 2: Click on “Generate Challan”.
Apr 4, 2024 · Some charge this fee on a fixed term, while others charge it as a percentage of the loan amount, say 0.5% or 1%. For instance, in the case of the SBI Home Loan, the processing fee (as per public information available online) is 0.4% of the loan amount. Similarly, for HDFC Home Loan, the processing fee is 0.5% of the loan amount, with a minimum ...
Feb 20, 2024 · When applying for a housing loan, understanding all associated fees is crucial, including Memorandum of Deposit (MoD) charges. These charges, ranging from 0.2% to 0.5% of the loan amount, are payable by the borrower upon property registration or receipt of the first loan installment, with a cap of Rs. 25,000 regardless of the loan size.
