FEATURES
ELIGIBILITY
FEES & CHARGES
| Sr. No. | Type of Charge | Charges per instance |
| 1 | Cersai Charges for creation / modification of security interest on collateral securities. | Rs. 100 +GST per property / security registration |
| 2 | Processing Fees | Upto 1% (plus taxes) of the facility amount will be collected prior to disbursement as non-refundable administrative cost towards the processing of the loan. |
| 3 | Renewal Fee | Upto 1% (plus taxes) of facility amount |
| 4 | ROC filling charges (On customer request) | Vendor professional charges + MCA fees + GST Vendor professional fees of Rs 2250 and MCA fees are as mentioned : 0- 30 days Normal Fees Rs 600 , 31- 60 days bucket Additional Fees Rs 4200/-, 61 to 120 days Additional Fees 0.05% of Exposure Amount Plus 18% GST on professional fees |
| 5 | Stamp Duty & other statutory charges | As per actuals which are applicable in laws of the state |
| 6 | Legal / Valuation | Actual as Per vendor quotation will be collected towards the valuation expenses and Rs 7500 or actual per property whichever is higher towards legal expenses |
| 7 | Issuance of No Due Certificate / No Objection Certificate (NOC) | No charges for original however for duplicate NOC, Rs 250/- (plus taxes) are applicable. |
| 8 | Issuance of Solvency certificate | 1% of the solvency certification value subject to minimum of Rs 1,000 (plus taxes) and maximum of Rs 25,000 (plus taxes) |
| 9 | Service Charges - for processing Physical Stock Statement. | Rs. 500 for every physical stock statement collected or submitted. |
| 10 | Conversion Charges (For revising rate of interest) | 0.25% plus taxes as applicable on loan outstanding in case of Term loan and on sanctioned amount for other Working Capital Facility (e.q. Cash Credit / Overdraft etc.) or Rs. 5,000 plus taxes as applicable, whichever is higher |
| 11 | Stock Audit Charges | For Sanctioned Limits upto Rs. 5 Crs: Rs.8,000/- plus taxes as applicable For Sanctioned Limits above Rs.5 Crs: Rs.12,000/- plus taxes as applicable **For the customers having multiple locations, stock audit charges to paid/recovered according to the number of visits to factory, office, godown etc. |
| 12 | Commission on LC/BG issuance | Upto 1.8% on LC/BG Amount (plus taxes) |
| 13 | Takeover charges | Upto 4% of loan Principal outstanding for Term loan and 4% of the sanctioned amount for Working Capital Facility (plus taxes). Micro & Small Enterprises as defined under MSMED Act 2006 are exempted irrespective of the limits/out standings. MSME certifications to be submitted to the bank. However, if a loan is taken over by other Banks/FIs, upto 2% takeover charges will be applied |
| 14 | EMI bounce charges for term loans | Rs 450 (plus taxes) Per EMI bounce |
| 15 | Commitment Charges (Applicable only for CC/OD facility) | if Average Utilization>= 60% then no charges, If Average utilization is < 60% then 0.50% per annum on the difference between actual utilization and expected average quarterly utilization i.e. 60%.These Charges will be levied on a quarterly basis (plus taxes) |
| 16 | Late payment penalty on delayed payment of EMI- Term Loan | 24% per annum (plus taxes) on the overdue EMI amount |
| 17 | Penal Charges on customer exposures, overdue for renewal of credit facilities, | 0.075% fortnightly |
| 18 | Penal Charge for customers not submitting the Letter Acknowledging their Debt (LAD) | @18% from the date of LAD overdue, subject to a minimum of Rs.2500 per month. |
| 19 | Incremental Interest on Temporary overdrafts (TOD) | 18% p.a. on TOD amount availed for the days, TOD is used. |
| 20 | Non-Submission of property/stock/Plant & Machinery insurance | 0.075% fortnightly |
| 21 | Non-Submission of stock statement | 0.05% of DP per Month |
| 22 | Maintaining Current Account with Other Bank while facility is granted under Sole Banking (Applicable where specific permission is not taken by the customer) | 0.075% fortnightly |
| 23 | Higher levy in case account conduct deteriorates | 0.075% fortnightly |
| 24 | Not complying with documentation for the credit facility. | 0.075% fortnightly |
| 25 | Incremental Interest on Adhoc limits. | @2% penal charges per month on existing ROI on the amount out-standing. |
| 26 | Intra Day Peak utilization charges | 18% per annum on the excess utilization over and above the set limit. |
Note: All the above charges/fees/Commissions are exclusive of taxes.
All the fee should be made vide Account payee Cheque / Pay order /Demand draft/ Fund transfer/Autodebit/ RTGS/ NEFT / ECS.
* NIL foreclosure charges / pre-payment penalties on all floating rate term loans sanctioned to individual borrowers, with immediate effect. Service Tax is also applicable over and above the regular charges.
*Service tax wherever applicable will be charged extra.