Hi Buddy,
For the purpose of getting a house loan, borrowers and banks execute a Memorandum of Deposit or MOD. In addition to the processing fee and other costs, the banks impose MOD fees for house loans.
Calculate your EMI on a home loan with the help of the NoBroker EMI calculator.The MOD fees differ for each Indian state. There is no exact figure that I am aware of, however, the title deed memorandum of deposit typically ranges from 0.1 percent to 0.5 percent and doesn't go over Rs. 25,000. The computation for the same is shown below:
If you take out a loan for Rs. 60 lakhs, the MOD fees at HDFC Bank must be between Rs. 6000 and Rs. 30000. However, because there is a cap of Rs. 25,000, the highest amount of MOD fees that can be charged, regardless of the loan amount, is Rs. 25,000.
I hope this helps:)
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Authors Of The Question
Mod charges in pune hdfc for loan amount 30 lacs
Hitesh mistry
687 Views
1 Answers
2 Year
2022-06-28T11:16:43+00:00 2022-06-29T23:56:06+00:00Comment
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