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| 1 | +<h2>Deductions Logic</h2> |
| 2 | + |
| 3 | +<table border="1" cellpadding="8" cellspacing="0"> |
| 4 | + <thead> |
| 5 | + <tr> |
| 6 | + <th>Deduction Type</th> |
| 7 | + <th>Deduction Amount (Value / Formula / Logic)</th> |
| 8 | + <th>When Applicable</th> |
| 9 | + <th>When Adjusted</th> |
| 10 | + </tr> |
| 11 | + </thead> |
| 12 | + <tbody> |
| 13 | + <tr> |
| 14 | + <td>Processing Fee</td> |
| 15 | + <td> |
| 16 | + PF Amount = {(Loan Amount × (PF % / 100)) × 1.18}<br/> |
| 17 | + Amount inclusive of 18% GST<br/> |
| 18 | + PF % entered by BCM in Loan Offer module |
| 19 | + </td> |
| 20 | + <td>All loans</td> |
| 21 | + <td>At disbursal</td> |
| 22 | + </tr> |
| 23 | + |
| 24 | + <tr> |
| 25 | + <td>E-stamp Charge</td> |
| 26 | + <td> |
| 27 | + ₹38 (if agreement signing done online)<br/> |
| 28 | + ₹0 (if agreement signing done offline) |
| 29 | + </td> |
| 30 | + <td>Only when agreement signing done online</td> |
| 31 | + <td>At disbursal</td> |
| 32 | + </tr> |
| 33 | + |
| 34 | + <tr> |
| 35 | + <td>Insurance Charges</td> |
| 36 | + <td>Total insurance premium (inclusive of 18% GST)</td> |
| 37 | + <td>All loans</td> |
| 38 | + <td>At disbursal</td> |
| 39 | + </tr> |
| 40 | + |
| 41 | + <tr> |
| 42 | + <td>Stamp Duty</td> |
| 43 | + <td> |
| 44 | + State-based charge (refer state-wise stamp duty master)<br/> |
| 45 | + ₹0 (if agreement signing done offline)<br/><br/> |
| 46 | + <em>Note: State is derived from branch details of the RO who punched the case</em> |
| 47 | + </td> |
| 48 | + <td>Only when agreement signing done online</td> |
| 49 | + <td>At disbursal</td> |
| 50 | + </tr> |
| 51 | + |
| 52 | + <tr> |
| 53 | + <td>CERSAI Charge</td> |
| 54 | + <td> |
| 55 | + ₹118 (if sanctioned loan amount > ₹5 lakhs)<br/> |
| 56 | + ₹59 (if sanctioned loan amount ≤ ₹5 lakhs) |
| 57 | + </td> |
| 58 | + <td>All loans</td> |
| 59 | + <td>At disbursal</td> |
| 60 | + </tr> |
| 61 | + |
| 62 | + <tr> |
| 63 | + <td>Initial Login Fee</td> |
| 64 | + <td> |
| 65 | + ₹1,180 (IMD amount – currently constant)<br/> |
| 66 | + Collected upfront during customer journey |
| 67 | + </td> |
| 68 | + <td>All loans</td> |
| 69 | + <td>Not adjusted from disbursal</td> |
| 70 | + </tr> |
| 71 | + |
| 72 | + <tr> |
| 73 | + <td>Login Fee Deductible</td> |
| 74 | + <td> |
| 75 | + ₹4,720 (if sanctioned loan amount > ₹10 lakhs – constant)<br/> |
| 76 | + ₹2,950 (if sanctioned loan amount ≤ ₹10 lakhs – constant) |
| 77 | + </td> |
| 78 | + <td>All loans</td> |
| 79 | + <td>At disbursal</td> |
| 80 | + </tr> |
| 81 | + </tbody> |
| 82 | +</table> |
| 83 | + |
| 84 | +<p><strong>All amounts mentioned are in Indian Rupees (₹).</strong></p> |
| 85 | + |
| 86 | +<h3>Important Notes</h3> |
| 87 | +<ul> |
| 88 | + <li>Broken Period Interest (BPI) is <strong>not</strong> treated as a deduction in LOS.</li> |
| 89 | + <li>BPI is not shown in deduction summary and is excluded from Net Payment Amount calculation.</li> |
| 90 | + <li>BPI is not sent to LMS createLoan API under disbursal charge details.</li> |
| 91 | + <li>Deductions are not deducted from first tranche or first split payment.</li> |
| 92 | + <li>Deductions are applied on <strong>Sanctioned Loan Amount</strong> to derive <strong>Net Payment Amount</strong>.</li> |
| 93 | + <li>CO enters tranche amounts based on Net Payment Amount.</li> |
| 94 | + <li>Sum of all tranche amounts must equal Net Payment Amount (logic change pending implementation).</li> |
| 95 | + <li>Deduction charge details passed in LMS createLoan API are used by LMS to credit the total deduction amount to MFL bank account at disbursal.</li> |
| 96 | +</ul> |
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