Tractor Loan Interest Rates - Farm Equipment Loan Fees and Charges - Kotak Bank
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Fees and Charges - GSFC
Interest Rate Min : Prevailing MCLR Or Reference Rate
Max : 30%
Service Charges Upto 3% of Loan amount
Documentation Charges Upto Rs. 5000
Stamping Charges At Actuals
Credit Administration Charges Upto Rs. 2000/-
Loan Cancellation Charges 2500 per agreement
Penal charges Amounts standing unpaid on respective due dates shall attract penal charge at 8% per annum (to be charged for actual no. of days) on overdue amount plus applicable taxes.
Dishonour Charges Per Instance Rs. 750 plus applicable taxes
Swap Charges( Replacement of PDCs) Upto Rs. 500 per Swap per Instance
Duplicate Issue of NOC Rs. 500/- plus applicable taxes
Charges applicable in case customer requests for copies of records pertaining to his transactions ( SOA / Amortization Schedule) Rs. 500/- plus applicable taxes
Prepayment Interest / Foreclosure Charges for Individual Borrowers 4% foreclosure charges / pre-payment charges are applicable to the borrower for fixed rate terms loans sanctioned to individual borrowers.
Prepayment Interest / Foreclosure Charges for Non Individual Loans (Excluding MSE) 4% Foreclosure/pre-payment charges are applicable on loans/facilities provided to all ‘Non - MSE’ borrowers.
Foreclosure charges for MSE 2% foreclosure charges/ pre-payment charges are applicable on the outstanding amount (Utilized amount) in case of non-revolving loans/facilities and 2% on Sanctioned limit for revolving loans/facilities at the time of closure.
In revolving facilities at the time of renewal if customer does not wish to continue than such foreclosure charges are not applicable
No Foreclosure charges shall be applicable to MSE (Micro and Small Enterprise) in case of closure of fixed rate loans up to sanctioned limit of INR 50.00 lakh.
Part Foreclosure Charge : Max 2 times a year, 2% of Amount paid + (taxes as applicable)
Valuation Charges for Used/RF Vehicles Min Rs. 750/- or actuals +Taxes as applicable whichever is higher,
Max. upto Rs 7500/-
Repossession Charges Min 15000 or actual + Taxes as applicable whichever is higher
Duplicate Foreclosure Statement Charges Rs. 500/- plus applicable taxes
Rebooking of Loans (due to change in borrowing structure, change of property / Asset / Collateral etc.) Rs. 2,500/- plus applicable taxes
Change in Installment Due Date Rs. 1,000/- plus applicable taxes
Legal / Incidental Charges* Legal charges and other expenses plus taxes, incurred or likely to be incurred by Bank
Loan assignment charges 2% of Principle O/S or 5000/- which ever is less plus applicable taxes
Taxes as applicable
"Blank / -" denotes that these charges are not applicable to the concerned business division

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