Warehouse Loan Interest Rate - Check Fees and Charges for Transportation Loan

Schedule of Charges - RBG
Common Schedule of Charges for RBG Businesses
Overdue/Penal /Default Interest	Amounts standing unpaid on respective due dates shall attract overall interest at 2% p.m. compounded monthly on outstanding/unpaid amount.
Foreclosure/ Closure charges	2% of Principal Outstanding for Non-revolving and 2% of Sanctioned limits for Revolving facilities.
	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 condition that such closure is carried out by the borrower from funds of own sources.
	The borrower shall be required to submit the Bank any suitable proof of funds being from own sources.
	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
Charges for Breach of Terms and Conditions	2.% p.m.* plus applicable taxes shall become due and payable in following scenarios:
	1. In the event of non-renewal (revolving facilities)/non completion of review (non -revolving facilities) as specified in Sanction Letter due to non-submission of requisite documents including financial Statements or non -execution of loan / security documents if any on the total exposure
	2. In the event of any breach of any of the terms and conditions prescribed in the sanction letter or any loan/security document executed in favor of the Bank
	An indicative list of such terms and conditions is mentioned herein below.
	a) submission of stock statement on time i.e. before 10th of a month with data as on last day of previous month
	b) submission of documents for renewal on time,
	c) stock audit delay beyond 30 days from first intimation or any negative stock audit reported.
	d) non-compliance in documentation for credit facility
	e) non-submission of stock and property insurance as stipulated in sanction letter or within 30 days of on-boarding or prior to expiry of existing policy
	f) non-closure or maintenance of account with other bank (unless specific permission is taken), etc.
	*( To be calculated as sum of limits of revolving lines and principal outstanding of non-revolving lines )

	For the sake of clarity it is reiterated that the above list is only indicative in nature and should not be in any manner construed as an exhaustive list at any point of time. In addition to these charges/levies, Bank also reserves the absolute right to withdraw the limits and demand repayment of the facilities from the borrower for any breach of any of the terms and conditions prescribed in the sanction letter or any loan/security document executed in favor of the Bank.
Increase in Rate of Interest	The Bank may increase the rate of interest charged to the facility account of the Borrower if there is credit deterioration.
Increase in BG Commission	The Bank may increase the BG commission charged to the facility account of the Borrower if there is credit deterioration
Commitment Charges for non-utilization of limits	if average utilization of facility limits for a quarter is below 60% of sanctioned limits, Commitment charges of 0.5% per quarter of unutilized limits.
Change/Release/modification/Replacement in security	0.25% of sanction amount (plus taxes as applicable)
Non Creation of Security in favor of the Bank by the Borrower/Security Provider. 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 and shall include: • Non-submission of NOC or Permission to Mortgage from any person/entity/ competent authority as prescribed by the Bank • Non-submission of Pari passu letters from other lenders	The Bank shall levy Penal Interest or levy penal charges at 2% p.a. (over and above rate of interest charged ) for any delay beyond stipulated days as per Sanction letter /Facility letters or Facility /Loan Agreements or any other document/instrument in favor of the Bank or beyond 90 days, whichever is earlier, from the first date of disbursement. For the purpose of clarity, ‘first date of disbursement’ means and includes, first date of any partial disbursement or disbursement of first tranche made to the borrower out of the total amount sanctioned Beyond 180 days, the Bank reserves the right to recall the loan/facility(ies) or charge penal interest. (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)
Documentation charges	For New Limits/Enhancement/Modification
	Digital Execution: INR 5000/-
	Physical Execution: INR 10000/-
	Physical Execution: INR 10000/-
	For Renewal
	Digital Execution: INR 2500/- for every renewal
	Physical Execution: INR 5000/- for every renewal
Stamp Duty and Incidental Charges	As per Actuals incurred
Collection Charges	Up to 3% (plus taxes as applicable) of Cheque / instrument Dishonour Charges
Dishonour charges per Instance (Cheque / Standing Instructions / ECS / NACH)	INR 750/- (plus taxes as applicable) per instance
Swap Charges( Replacement of PDCs) / Change of SI Instructions / NACH	INR 1000/- (plus taxes as applicable) per instance
Charges for furnishing a copy of Credit Rating Report (CIBIL) to the applicant	INR 500/- (Plus taxes as applicable)
Charges applicable in case customer requests for copies of records pertaining to his transactions ( SOA / Amortization Schedule) per Transaction	INR 500/- (Plus taxes as applicable)
Solvency Certificate	Up to 0.10% per Lac with minimum INR 1000/- (plus taxes as applicable) and maximum of INR 10000/- (plus taxes as applicable) per Solvency certificate
Duplicate No Due Certificate	INR 5000/- (plus taxes as applicable)
Title Verification/ Clearance Charges	As per Actuals or INR 6000/- per property whichever is higher
Mortgage / Registration and Incidental Charges	As per the applicable charges of respective locations
Stock audit charges	Borne by customer on actual basis
Stock/ Property insurance policy delays	INR 10000/- per delay beyond 15 days of expiry of cover
ROC Search Report/Charges	INR 1500/- for each report
Valuation Charges Per Property	As per Actuals
Change in Instalment due date	INR 2500/-
Deferral Not Submitted On Time	INR 2500/- Month / CRN (15 Days post Expiry of due date of Deferral) or upto 1% p.m. of the Facility amount
Ad-hoc Set up charges	Digital Execution per Borrower: INR 12500/-
	Physical Execution per Borrower: INR 25000/-
	Set-up charges - Up to INR 10000/- (plus taxes as applicable) per instance, Rate of Interest - up to 2% over and above the contracted ROI (plus taxes as applicable) on Ad-hoc amount or as approved
Net Worth statements delays	Up to INR 10000/- plus applicable taxes p.m. post the submission due date, until it is submitted
Creation of Bank charge on collateral in various mandated databases, such as CERSAI, ROC etc.	Up to Rs. 5000/- per instance or on actuals (plus taxes as applicable)
Subsidy Application & Processing Charges	Up to INR 5000/- (plus taxes as applicable) per instance
Subsidy Application & Processing Charges	Up to INR 50000/- (plus taxes as applicable) per instance
Charges for Interest Certificate	Free once in a Financial Year. Thereafter, INR 250/- (plus taxes as applicable) per instance
Stock statement delays (Beyond Due Date)	INR 5000/- per delayed submission. if submission is not received 15 days beyond the submission due date, Bank shall drop the drawing power.
End use Certificate Delays	At the time of renewal of facilities: INR 10000/- per month until the certificate is submitted
Certificates on Borrower Request ( Please take note that issuance of any such certificate shall be at the sole and absolute discretion of the Bank and the Bank will have right to reject if the requested certificate is not found acceptable for issuance by the Bank)	Up to INR 10000/- (plus taxes as applicable) per instance
Loan Closure intimation	In the event of borrower desiring to foreclose the loan facility; in such case the borrower is required to give 30 days advance notice in writing to the bank for his intention to foreclose the account/s and seek consent from the bank.