Pre-disbursement
|
Processing fee (PF)
|
Application
|
1% plus GST and Statutory dues. (Non-refundable)
|
Documentation Charges
|
Sanction
|
INR 10000 plus GST and Statutory dues
|
Post-disbursement
|
Copy of Any Documents
|
Interest Certificate/ Statement of Account/ Amortisation Schedule
|
Event
|
Accessed via self-service mode on Mobile Banking/Net Banking/Whatsapp Banking: Free
|
Charges for copy of any documents (No dues, Copy of property documents, etc.)
|
Event
|
Rs. 500 (plus taxes and any other applicable statutory dues)
|
Charges for copy of any documents (Duplicate NOC)
|
Event
|
Rs. 100 (plus taxes and any other applicable statutory dues)
|
List Of Documents
|
Event
|
Rs. 500 (plus taxes and any other applicable statutory dues)
|
Any Other documents /letter (e.g. Subsidy Confirmation Letter, Credit Opinion Letter, Interest paid confirmation letter, etc.)
|
Event
|
Rs. 500 (plus taxes and any other applicable statutory dues)
|
Change in Repayment mode
|
Repayment mode/ Account swap charges
|
Repayment mode change
|
Rs. 500 (plus taxes and any other applicable statutory dues)
|
Conversion Fee
|
Switch Fee (Floating to Floating)
|
On conversion
|
Switch to lower floating rate(with/without change in Benchmark): 0.5% of the principal outstanding and undisbursed amount(if any) at the time of conversion with a cap of Rs. 10,000 (plus taxes and any other applicable statutory dues)
|
Switch Fee (Floating to Fixed)
|
On conversion
|
Rs. 2500 (plus taxes and any other applicable statutory dues)
|
Rescheduling of Loan Tenure
|
On conversion
|
Rs. 500 (plus taxes and any other applicable statutory dues)
|
Prepayment Charges
|
Prepayment/Foreclosure Charges
|
Prepayment/ Foreclosure
|
NIL Floating Rate for Term Loans given to Individual Borrowers for non-business end use.
|
For Micro & Small Enterprises (MSE)/ Micro Small & Medium Enterprise(MSME)/Individual Borrower:
|
TYPE
|
Source
|
Loan Amount (SOH)
|
Rate
|
End Use
|
FC Applicable
|
FC Charges
|
Individual
|
Own Fund / Balance Transfer
|
Any Loan Amount
|
Fixed
|
Business / Personal
|
Yes
|
1% of each year of residual period to original maturity at the time of prepayment of the loan shall be levied on the pre-payment amount, max cap of 3%
|
Individual
|
Own Fund / Balance Transfer
|
Any Loan Amount
|
Floating
|
Business
|
Yes
|
0.02
|
MSE
|
Own Fund / Balance Transfer
|
Any Loan Amount
|
Floating
|
Business
|
No
|
-
|
MSE
|
Own Fund / Balance Transfer
|
<= 50 Lakhs
|
Fixed
|
Business
|
No
|
MSE
|
Own Fund / Balance Transfer
|
> 50 Lakhs
|
Fixed
|
Business
|
Yes
|
0.02
|
Medium
|
Own Fund / Balance Transfer
|
Any Loan Amount
|
Fixed or Floating
|
Business
|
Yes
|
0.02
|
· FOR DOD utilized limit to be considered for FCC
|
· FOR TL current O/S to be considered for FCC
|
· This is also applicable for Part Payment of minimum Rs. 25,000 and maximum of up to 25% of outstanding loan amount can be made without any prepayment charges once in every 6 months.
|
· Others (Individual borrowers for business end use and Non-individual borrowers) : 2% (plus taxes and any other applicable statutory dues) of the Foreclosure Loan amount plus amounts prepaid during the last 12 months
|
· The borrower shall be required to submit the Bank any suitable proof of funds being from own sources.
|
Others (Individual borrowers for business end use and Non-individual borrowers) :
|
• No prepayment / foreclosure is allowed until a Lock-in Period of 6 months after EMI Commencement
|
• Post lock– in period, part prepayment of minimum Rs. 25,000 and maximum of up to 25% of outstanding loan amount can be made without any prepayment charges every 6 months
|
• The minimum period between any two prepayment shall be at least 6 months
|
• For any Part Prepayment in excess of 25% of outstanding loan amount: 2% (plus taxes and any other applicable statutory dues) of the excess prepayment amount
|
• For Full Prepayment any time after the Lock-in-Period: 2% (plus taxes and any other applicable statutory dues) of the Foreclosure Loan amount plus amounts prepaid during the last 12 months
|
Penal charges
|
Instrument (Cheque/ECS/Mandate) dishonour charges
|
Instrument dishonour
|
INR 750/- per instance
|
Delay/default in payment of principal or interest/ outstanding balance.
|
Late payment
|
8% pa on overdue amount plus applicable taxes
|
Non-payment of dues/ charges/ fees payable under loan/facility Agreement.
|
Late payment
|
8% pa on overdue amount plus applicable taxes
|
Other charges
|
Levy of penal charge for non-compliance of sanction terms including but not restricted to non-submission of title documents, non-commencement of construction as per undertaking, adverse repayment behaviour, other breach of agreement terms
|
Event
|
Rs. 5.50 per day per lac + applicable taxes or proportionately shall become due & payable on underlying exposure (from the day of breach).
|
Delay or non-creation/perfection of facility or security/guarantee, etc. documentation in favor of the Bank.
|
Event
|
Penal charges at Rs. 5.50 per day per lac + applicable taxes or proportionately for any delay beyond stipulated days as per Sanction letter /Facility Agreement upto 180 days from the original due date (“ODD”)
|
Beyond 180 days, penal charges at Rs. 11 per day per lac + applicable taxes.
|
(The said penal charges shall be calculated on sum of limits of revolving lines and outstanding of non-revolving lines of both fund and non-fund based limits to which the security extends)
|
The term non-creation of security shall mean failure of the Borrower/Security Provider to create security in such form and manner as per the agreed terms mentioned in Sanction letter /Facility letters or Facility /Loan Agreements or any other document/instrument to secure the loan/financial facility availed from the Bank.
|
Legal charges
|
Event
|
As Incidental/ At Actuals
|
Charges specific to OD (Overdraft) facility
|
Post-disbursement
|
Annual Renewal Charges
|
Renewal
|
0.25% (plus taxes and any other applicable statutory dues) of the OD limit (dropped limit after reduction of annual drop) shall be collected on the due date of renewal.
|
Not Applicable for Smart Home Loan OD product.
|
Non-utilization Charges
|
Event
|
If average utilization of facility limits for a quarter is below 25% of sanctioned limits,
|
0.40% pa on average non-utilize amount
|
Penal charges in case of overline accounts or where the amount drawn by the Borrower is beyond the maximum Overdraft Limit
|
Over withdrawal
|
8% pa on overdue amount plus applicable taxes
|
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