
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. |
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