Dealer Finance

Schedule of Charges - TDF (Secured Business)
Type	Deadline	Penalty/Charges/Fees Amount
Non- submission of Monthly/ quarterly Stock & Book Debt Statements	15th of the following month/ quarter	Rs 5000 p.m. (till statement is submitted)
Non- submission of Insurance Policy with Kotak Mahindra Bank as Loss Payee	Before renewal. In case of renewed policy: on expiry of existing policy	Rs. 1500/- per month until the policy is submitted and in case of renewal debit the customer's account on expiry date for expenses to bring necessary insurance in place
Non submission of Provisional/Unaudited Financial for the year ending 31st March	On or before 31st August every year	Rs. 5000/- per month until the financials are submitted
Non- submission of Audited Financial for the year ending 31st March	On or before 31st December every year	Rs. 5000/- per month until the financials are submitted
Monitoring of Covenants/ Events of default	As per sanction terms	Rs.1500/- for every event of default
Overdue Charges/ Default/ Penal Rate / Audit Shortfall	On amounts remaining unpaid on due date/ On occurrence of any event of default	3.00% p.m., compounded monthly on outstanding/unpaid amount
Non- submission of Net Worth Statements	On or before 31st December every year	Rs. 5000/- per month until the Statement is submitted
Non- submission of End Use Certificate	On or before 31st May every year	Rs. 5000/- per month until the certificate is submitted
Foreclosure Charges	As per Borrowers request	3.00% on the principal outstanding
Part Prepayment Charges	As per Borrowers request	3.00% of the amount prepaid
Closure Fees	As per Borrowers request	a. In the event, the Borrower closes the working capital facility/ies account/s within 6 months of the first disbursal/utilization of the said facility/ies, the borrowers shall pay to the bank closure fee at the rate of 3.00% of the limit/s sanctioned.
Closure Fees	As per Borrowers request	b. In the event, the Borrower closes the working capital facility/ies account/s after 6 months of the first disbursal/utilization of the said facility/ies, the borrowers shall pay to the bank closure fee at the rate of 2.00% of the limit/s sanctioned.
Temporary Overdraft (TOD) Setting up fees	As per Borrowers request	Maximum up to Rs.25000/- for every request made by the Borrower or Approved at the time of TOD sanction.
Adhoc/Overdraft Setting up fees	As per Borrowers request	Minimum Rs.25000/- for every request made by the Borrower or Approved at the time of Adhoc/Overdraft approval.
Stamp duty, documentation & External agency/firm Charges/fees for outsourced activities like, Registration, Title Search, ROC Search, Valuation, Insurance, Audits etc.	As an when applicable	All charges/fees of external agencies/firms on actual amounts expended shall be borne by the Borrower (debited to the account of borrower).
Low Churning Penalty	Monthly	2% of Average Utilisation if churning is less than 40% of the limit.
Average Utilization is < 50%	Monthly	Rs.10000/- p.m.
Increase in Rate of Interest	Quarterly	If the account conduct is unsatisfactory for reasons like poor average credit churning of 25 % and/or high average utilization of 95 % or above during review period, 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 %
Processing Fees / Service Charges		Up to 2% of Limit Approved for new proposal and enhancement & Up to 1% during renewal
Legal Charges	As and when applicable	All charges/fees of external agencies/firms on actual amounts expended shall be borne by the Borrower (debited to the account of borrower).
BG/LC Commission		Maximum Up to 3%
Deferrals non-submission charges		Rs. 2500 / Month / CRN (15 Days post Expiry of due date of Deferral)
Late Renewal Fee	Renewal after 1 Month Post Original Expiry Date / CRN	Rs. 5000 / Month / CRN
Change / Part release of collaterals - Charges per property as per Customer request	As and when requested by customer	Rs.10,000/- per instance or approved
Notes: • Respective Business Head or National Sales Manager can approve any deviation to above charges. • Business Head can further delegate & define approval authority at ZSM/RSM/ASM/State Head/RM level for BG/LC commission & PF.