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
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of any floating rate loans or in case of closure of fixed rate loans up to INR 50.00 lakh subject to the condition
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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
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principal outstanding for non-revolving facilities and 2% of sanctioned limits for revolving facilities will be
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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 750 or actuals +Taxes as applicable whichever is higher
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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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