Business Loan Interest Rates, Fees & Charges (May 2025)

Fee 

Charges 

Premature Closure Charges (Full / Part Repayment) 

Term Loan  

Upto 24 EMI- 4% of principal outstanding,  

Post 24-36 EMI - 3% of principal outstanding,  

>36 EMI- 2% of principal outstanding  

DOD Facility  

0-24 months - 4% of existing operating limit  

25-36 months - 3% of existing operating limit,  

>36 months - 2% of existing operating limit  

Prepayment charge would be applicable on the principal outstanding amount of the loan and on existing operating limit (for BL DOD), GST and other Govt Taxes and Levies as applicable from time to time, would be charged additionally.  

In case of BL/SEP, Part prepayment would be allowed post servicing of 1st EMI, up to 25% of Principal Outstanding. It is allowed only once in the financial year and twice during the entire loan tenure. Charges would be applicable as above on the part pre-payment amount.  

Payment Return
​​​​​​​Charges  ^#

₹ 450 Per Instance 

Delayed instalment payment charge 

1.50% per month (18% per annum) plus applicable government taxes on overdue instalment amount Charge to be applied for all accounts where instalment remains unpaid after expiry of grace period of 7 calendar days from due date of instalment. 

Loan Cancellation & Rebooking Charges 

NIL for cancellation of Loan (However client would be charged interest for the interim period between date of loan disbursement and loan cancellation. Processing Fee, Stamp duty, other statutory charges and GST are non-refundable charges and would not be waived/refunded in case of loan cancellation.) Rs. 1000/- for rebooking the loan. 

Interest applicable on amount utilised over operating limit in DOD/OD 

24 % per annum on the amount utilized above the  

available credit limit for DOD 

Non-utilization charges for overdraft facility / Commitment charges 

Minimum Utilisation expected: - 30% of limit  

Non- Utilisation Charges: - 0.10% will be charged on the difference between the actual average utilization and expected average utilization of 30%. Charges to be levied quarterly. Maximum charges levied would be ₹ 5000/- 

Repayment mode change charges 

₹500 

Amortization Schedule Charges 

₹ 50/- per schedule for physical copy.  

Customer can also download from website free of cost. 

Legal/Incidental Charges 

At actuals 

Min IRR

9.65%

Max IRR

21.25%

Avg IRR

16.17%

Min APR

9.66%

Max APR

34.57%

Avg APR

16.71%