Hi, I can help you with: Is there any stamp duty on personal loan? Yes, stamp duty is applicable when availing a personal loan in India. Stamp duty is a government-imposed tax on legal documents, including loan agreements, to make them legally valid and enforceable. This charge is mandatory and varies across different states in India, as each state has its own Stamp Duty Act governing the rates and regulations.
Is there a Personal Loan Stamp Duty?
The stamp duty amount is usually calculated based on the loan amount and the state's prescribed rate. For instance, some states may charge a fixed fee, while others might levy a percentage of the loan amount. It's essential to check the specific rates applicable in your state before proceeding with the loan agreement.
When to Pay Stamp Duty?
Stamp duty is usually paid upfront at the time of signing the loan agreement. Many lenders deduct this amount from the sanctioned loan amount before disbursal.
Hope this helps!
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Is There Any Stamp Duty Applicable For Taking Personal Loan?
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2025-05-21T12:30:20+00:00 2025-05-21T12:56:35+00:00Comment
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