Agri Project Loan
| Sr. No. | Type of charges /penalties | Exisiting wef 10 Dec 2021 |
|---|---|---|
| 1 | Documentation charges | NTB / Enhancements Upto Rs. 3000 per CRN |
| 2 | Stamping Charges | At Actuals |
| 3 | Overdue / Penal Interest | 3% of Overdue Amount per month, compounded monthly |
| 4 | Collection charges | 30% of penal and cheque bouncing charges |
| 5 | Dishonour charges per Instance (Cheque / Standing Instructions / ECS / NACH) | Rs. 750 |
| 6 | Swap Charges( Replacement of PDCs) / Change of SI Instructions / NACH | Upto Rs. 500 per Swap per Instance |
| 7 | Foreclosure / Takeover Charges (in case of term loan Other than Individuals and Fixed rate Individuals) | 3% of Principal Outstanding (In case of own funds NIL# & any other source 3%) |
| 8 | Foreclosure / Takeover Charges (All facilities except Term Loans) | 3% of Sanction Limit (In case of own funds NIL# & any other source 3%) |
| 9 | Processing Charges for closure of A/C (Term Loan A/C Of Individuals having Floating Rate) | 2% of Principal Outstanding |
| 10 | Prepayment / Takeover Charges (in case of Term loan) | 3.00% of amount prepaid (In case of own funds NIL# & any other source 3%) |
| 11 | Charges for furnishing a copy of Credit Rating Report (CIBIL) to the applicant | Rs. 250 |
| 12 | Charges applicable in case customer requests for copies of records pertaining to his transactions ( SOA / Amortization Schedule) per Transaction | Rs. 500 |
| 13 | Issuance of credit solvency certificate of the customer | Rs. 5,000 |
| 14 | Loan Cancellation charges | Rs. 2500 per agreement |
| 15 | Duplicate Foreclosure statement charges | Rs. 500 |
| 16 | Duplicate NO Due Certificate A/C Closure | Rs. 5,000 |
| 17 | Rebooking charges | Rs. 2,500 |
| 18 | Title Clearance Charges | At Actuals |
| 19 | Mortgage Charges | At Actuals as per state laws |
| 20 | Stock audit charges | Rs.5000 per audit |
| 21 | Stock/ Property insurance policy delays | Rs.5000 per delay beyond 15 days of expiry of cover |
| 22 | Collateral Management Agency charges | 1% of utilisation or Rs.35000/- per location pm or as per actual cost. |
| 23 | Closure /Foreclosure / Pre Closure/ Takeover Fee | 3% of the limit/s sanctioned (In case of own funds NIL# & any other source 3%) |
| 24 | Stock statement delays (Beyond Due Date) | Rs.5000 per delay pm beyond 15th of next month |
| 25 | Service Charges/PF | upto 2% of limit for TLs & 1% for WC |
| 26 | ROC Search Charges | At Actuals |
| 27 | Valuation Charges Per Property | Rs. 4000 |
| 28 | Legal Charges per Property | Rs. 3500 |
| 29 | Renewal PF to be debited from Borrower A/C upon Expiry of 12 months of Limit | 0.25% of Limits |
| 30 | Minimum limit utilization charges if below 25% / Quarter / CRN | Rs. 5,000 / Quarter / CRN |
| 31 | If Utilization is < 50% or > 90% during the facility period of 12 months | ROI to be Increased from 1% to 2% |
| 32 | Minimum churning if below 25% / Quarter / CRN against the Limit Approved (OD/CC of Non -Individuals Amount) | Rs. 10,000 / Quarter / CRN |
| 33 | Minimum TBC maintenance (As per SL) | Rs. 20,000 |
| 34 | Change in Instalment due date | Rs. 2,500 |
| 35 | Change / Part release of collaterals - Charges per property as per Customer request | Rs. 5,000 |
| 36 | Deferral Not Submitted On Time | Rs. 2500 / Month / CRN (15 Days post Expiry of due date of Deferral) |
| 37 | Terms of Sanction Letter Not Adhered (Covenants) | Rs. 5000.00 / CRN / Month |
| 38 | Increase in Rate of Interest | If the account conduct is unsatisfactory for reasons like poor average credit churning of 25 % and/or high average utilisation of 95 % or above during review period, account marked under EWS, external credit rating downgrade for the account, Account in DPD for three Consecutive months for EMI/Interest Servicing or for any other deficiency either credit or Risk related, after a comprehensive review of the account ,Bank & increase the applicable ROI from 0.5% to 5 % |
| 39 | Loan Closure intimation: | In the event of borrower desiring to foreclose the loan facility/ies ; in such case the borrower is required to give 30 days advance notice in writing to the bank for his intention to foreclose the account/s and seek consent from the bank. |
| 40 | Non-compliance Charges: | 2.50% p.m.* + applicable taxes shall be applicable in following scenarios: 1. In the event of non-closure of revolving limit/s on the date of expiry as per the Sanction letter/s or non-renewal of such revolving limit/s as specified in Sanction Letter due to non-submission of requisite financial documents/execution of loan documents if any by the borrower ) on the total exposure 2. Non Submission of Collateral/s or Property documents and/or No dues Certificate etc. after disbursement of loan facility/ies. *( To be calculated as sum of limits of revolving lines and principal outstanding of non-revolving lines ) |
| Plus applicable Taxes As per Government Policy | ||
| # NIL : if through own funds ( generated out of their own business activities ) is applicable to Micro & Small Enterprises only. | ||
There are a list of practices you need to do to optimize your agribusiness. How many do you follow.
Reach Us
Call Us
Connect with us
Reach Us
Call Us
Connect with us
Select your preferred method.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
At your request, you are being re-directed to a third party site - https://www.billdesk.com/pgmerc/kotakcard/ wherein you can make your payment from a different bank account. Kotak Cards does not guarantee or warrant the accuracy or completeness of the information, materials, services or the reliability of any service, advice, opinion statement or other information displayed or distributed on the third party site. You shall access this site solely for purposes of payment of your bills and you understand and acknowledge that availing of any services offered on the site or any reliance on any opinion, advice, statement, memorandum, or information available on the site shall be at your sole risk. Kotak Cards and its affiliates, subsidiaries, employees, officers, directors and agents, expressly disclaim any liability for any deficiency in the services offered by BilIDesk whose site you are about to access. Neither Kotak Cards nor any of its affiliates nor their directors, officers and employees will be liable to or have any responsibility of any kind for any loss that you incur in the event of any deficiency in the services of BiIIDesk to whom the site belongs, failure or disruption of the site of BilIDesk, or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the site or these materials.
Note: Available in select banks only. Kotak Cards reserves the right to add/delete banks without prior notice. © Kotak Mahindra Bank. All rights reserved
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
Please note by login in to the above link and clicking on the “Submit” button, you provide your consent and acceptance to,
At your request, you are being re-directed to a third party site - http://www.billdesk.com/pgmerc/kotakcard/ wherein you can make your payment from a different bank account. Kotak Cards does not guarantee or warrant the accuracy or completeness of the information, materials, services or the reliability of any service, advice, opinion statement or other information displayed or distributed on the third party site. You shall access this site solely for purposes of payment of your bills and you understand and acknowledge that availing of any services offered on the site or any reliance on any opinion, advice, statement, memorandum, or information available on the site shall be at your sole risk. Kotak Cards and its affiliates, subsidiaries, employees, officers, directors and agents, expressly disclaim any liability for any deficiency in the services offered by BilIDesk whose site you are about to access. Neither Kotak Cards nor any of its affiliates nor their directors, officers and employees will be liable to or have any responsibility of any kind for any loss that you incur in the event of any deficiency in the services of BiIIDesk to whom the site belongs, failure or disruption of the site of BilIDesk, or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the site or these materials.
Note: Available in select banks only. Kotak Cards reserves the right to add/delete banks without prior notice. © Kotak Mahindra Bank. All rights reserved
