Interest Rate
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Min : Prevailing MCLR Or Reference Rate
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Max : 30%
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Service Charges
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Upto 3% of Loan amount
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Documentation Charges
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Upto Rs. 5000
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Stamping Charges
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At Actuals
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Credit Administration Charges
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Upto Rs. 2000/-
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Penal charges
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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.
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Dishonour Charges Per Instance
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Rs. 750 plus applicable taxes
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Swap Charges( Replacement of PDCs)
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Upto Rs. 500 per Swap per Instance
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Prepayment Interest / Forclosure Charges
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4% of Principal outstanding plus applicable taxes
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Duplicate Issue of NOC
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Rs. 500/- plus applicable taxes
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Charges applicable in case customer requests for copies of records pertaining to his transactions ( SOA / Amortization Schedule)
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Rs. 500/- plus applicable taxes
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Foreclosure charges for MSE
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2% of Principal Outstanding for Non-revolving and 2% of Sanctioned limits for Revolving facilities.
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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.
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The borrower shall be required to submit the Bank any suitable proof of funds being from own sources.
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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.
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Part Foreclosure Charge : Max 2 times a year,
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2% of Amount paid + (taxes as applicable)
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Valuation Charges for Used/RF Vehicles
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Min Rs. 750/- or actuals +Taxes as applicable whichever is higher, Max. upto Rs 7500/-
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Repossession Charges
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Min 15000 or actual + Taxes as applicable whichever is higher
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Duplicate Foreclosure Statement Charges
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Rs. 500/- plus applicable taxes
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Rebooking of Loans (due to change in borrowing structure, change of property / Asset / Collateral etc.)
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Rs. 2,500/- plus applicable taxes
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Change in Installment Due Date
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Rs. 1,000/- plus applicable taxes
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Legal / Incidental Charges*
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Legal charges and other expenses plus taxes, incurred or likely to be incurred by Bank
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loan assignment charges
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2% of Principle O/S or 5000/- which ever is less plus applicable taxes
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Taxes as applicable
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"Blank / -" denotes that these charges are not applicable to the concerned business division
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