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Refund of Processing and Administrative Fees
- Request letter from the concerned customer required
- Recommendation from the Branch and Region required
- In case of decline only fees will be refunded
- If the case is decline due to fraud, strictly no refund of fees.
- Refund of fees will be as per the norm subject to following minimum deduction:
- If the case is declined at Sanction stage i.e. before doing Legal & Technical:-
Rs.750/- or 50% of the processing fee whichever is higher.
- If the case is declined at Disbursement stage i.e. after doing Legal & Technical:-
Rs.1,500/- or 50% of the administrative fee which ever is higher. At this stage there is no question of processing fee refund.
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