Interest Rate
|
Min : Prevailing MCLR Or Reference Rate
|
Max : 30%
|
Loan Processing Charges
|
Upto 3% of Loan amount
|
Documentation Charges
|
Upto Rs. 5000
|
Stamping Charges
|
At Actuals
|
Credit Administration Charges
|
Upto Rs. 6000/-
|
Credit Appraisal Charges
|
-
|
Commitment Charges
|
-
|
Overdue Interest
|
8% PA + GST on Overdue Amount
|
Collection Charges
|
30% of penal and cheque bouncing charges
|
Dishonour Charges Per Instance
|
Rs. 750.00
|
Swap Charges( Replacement of PDCs)
|
Upto Rs. 500 per Swap per Instance
|
Prepayment Interest / Forclosure Charges
|
4% of Principal outstanding as per reducing balance method on the date of repayment
|
Duplicate Issue of NOC
|
Rs. 500/-
|
Solvency Certificate
|
-
|
No Due Certificate
|
-
|
Charges for furnishing a copy of the credit information report (CIBIL) to the applicant.
|
Rs. 50/-
|
Charges applicable in case customer requests for copies of records pertaining to his transactions ( SOA / Amortization Schedule)
|
Rs. 500/- ((Once yearly without any charge. Post that 500 per request.)
|
APAC Reschedulement
|
-
|
Foreclosure charges for MSE
|
2% of Principal Outstanding for Non-revolving and 2% of Sanctioned limits for Revolving facilities. No Foreclosure charges shall be applicable to MSE (Micro and Small Enterprise) borrowers in case of closure of any floating rate loans or in case of closure of fixed rate loans up to INR 50.00 lakh subject to the condition that such closure is carried out by the borrower from funds of own sources. The borrower shall be required to submit the Bank any suitable proof of funds being from own sources. For any takeover cases and all other instances other than above, foreclosure / closure charges of 2% of principal outstanding for non-revolving facilities and 2% of sanctioned limits for revolving facilities will be applicable to the borrower
|
Part Foreclosure Charge : Max 2 times a year,
|
2% of Amount paid + (taxes as applicable)
|
Min repayment 25% of Principal outstanding
|
Payment Processing Charge
|
Not Applicable
|
Valuation Charges for Used/RF Vehicles
|
Min 750 or actuals +Taxes as applicable
|
Repossession Charges
|
Min 15000 or actual + Taxes as applicable
|
Credit Adminstration Charges
|
Upto Rs. 6,000/-
|
Duplicate Foreclosure Statement Charges
|
Rs. 500/-
|
NOC for National Permit
|
Not Applicable
|
NOC for State Permit
|
Not Applicable
|
NOC for Change in Body Type
|
Not Applicable
|
Rebooking of Loans (due to change in borrowing structure, change of property / Asset / Collateral etc.)
|
Rs. 2,500/-
|
Change in Installment Due Date
|
Rs. 1,000/-
|
Change in Property / Asset / Collateral
|
Not Applicable
|
Copy of Any Property/Loan Document
|
Not Applicable
|
Asset Verification Charges - Immovable Assets
|
Not Applicable
|
Legal / Incidental Charges*
|
Legal charges and other expenses plus taxes, incurred or likely to be incurred by Bank, will be debited to borrowers account
|
NOC to Convert From Private to Commercial Registration
|
NRH
|
NOC to Convert From Commercial to Private Registration
|
NRH
|
Re-issuance of Pay Order
|
-
|
Non Compliance with Sanction Terms and Conditions
|
-
|
End-use Certificate Delays
|
-
|
Net Worth Statements Delays
|
-
|
*Taxes as applicable
|
"Blank / -" denotes that these charges are not applicable to the concerned business division
|