Schedule of Charges
Documentation charges/Legal & Technical Fees Up to INR 20,000/- (plus taxes as applicable) per instance/per property
Penal/Default/Overdue charges/Audit shortfall Up to 3% p.m. (plus taxes as applicable) compounded monthly, on outstanding/unpaid amount
Stock Audit charges Borne by customer on actual basis
Solvency Certificate Up to 0.10% per Lac with minimum Rs. 1000/- (plus taxes as applicable) and maximum of Rs. 10,000/- (plus taxes as applicable) per Solvency certificate
Minimum churning/Tangible Base Capital/Charges for Non Compliance with Sanction terms and conditions* Up to 3% p.m. (plus taxes as applicable) on outstanding/unpaid amount
Processing fee Upto 2% for sanctioned facilities for new credit facilities &
0.5% of sanctioned facilities for renewal/Review of facilities
CGTMSE Fee As per fee matrix defined by CGTMSE from time to time
CGTMSE Administrative charges Upto 0.5% of the CGTMSE exposure
TOD charges Set-up charges - Up to INR 20,000/- (plus taxes as applicable) per instance, Rate of Interest - up to 2% p.m. (plus taxes as applicable) compounded monthly on TOD amount
Ad-hoc charges Set-up charges - Up to Rs. 10,000/- (plus taxes as applicable) per instance, Rate of Interest - up to 2% over and above the contracted ROI (plus taxes as applicable) on Adhoc amount
End-use Certificate delays Up to INR 5,000/- p.m. (plus taxes as applicable) until the certificate is submitted
Net Worth statements delays Up to INR 10,000/- p.m. (plus taxes as applicable) until it is submitted
Foreclosure Charges/Prepayment Charges (as per borrowers request) The borrower shall be liable to pay 2% foreclosure / closure charges on entire revolving limits and on the outstanding of non-revolving limits at the time of closure.
Micro and Small Enterprises are exempted from closure charges on fixed rate INR loan(s) up to INR 50 lakh, and floating rate INR loan(s) subject to such closure being through own source of funds. The borrower entities shall be required to submit proof(s) qualifying as own source of funds to the satisfaction of the Bank.
Termination/Closure charges for revolving facilities (as per borrowers request) Up to 3% of Outstanding amount (plus taxes as applicable) for Term Loan (non-revolving) limits;
Up to 3% of sanction amount or Outstanding, whichever is higher (plus taxes as applicable) for Non-Term Loan (revolving) limits;
Commitment Charges for non-utilization of limits Up to 2% of limits, if utilization of limits for the quarter is below 60%
Limit Extension/Overdue Renewal Charges Rate of Interest - up to 2% over and above the contracted ROI (plus taxes as applicable) for Overdue Renewals beyond 30 days;
Up to 3% p.m. (plus taxes as applicable) on outstanding/unpaid amount, in case of exit beyond renewal/review due date without renewal
Creation of Bank charge on collateral in various mandated databases, such as CERSAI, ROC etc. Up to higher of INR 5000/- per instance or on actuals (plus taxes as applicable)
Change in collateral/modification Up to 0.25% of sanction amount (plus taxes as applicable)
Certificates on Borrower Request (acceptable for issuance to Bank) Up to INR 10,000/- (plus taxes as applicable) per instance
Subsidy Application Charges Up to INR 5,000/- (plus taxes as applicable) per instance
Subsidy Processing/Administration Charges Up to INR 50,000/- (plus taxes as applicable) per instance
Collateral Swap Charges Up to INR 50,000/- (plus taxes as applicable) per instance
*In case of regular non-compliance with Sanction Terms, Bank reserves the right to drop the limit