Service Charges

Auto & Two-Wheeler Funding

Sr. No.	Type of Charge	Proposed charges per instance
1.	Processing Fee / Management Fee	Processing Fees at minimum Rs.25,000/- for Auto & Rs.15,000/- for TW for all exposures + GST or 0.1% of loan amount (basis competition & strength of the case)
2.	Stamp Duty & other statutory charges	At actuals
3.	Stock Audit Charges	At actuals
4.	BG Commission Charges	Up to 2% of the facility Amount (including Processing fee & commission charges)
5.	Property Document Retention charges	Property documents need to be collected within 60 (sixty) days from the date of closure of loan/ facilities linked to the collateral. Failing which, custody charges of Rs.1000 + GST per month per property shall be levied
6.	Premature Closure Charges	4% p.a + Taxes as applicable. As per BCSBI guidelines, for borrowers classified as Micro and Small Enterprises(MSE) NIL Premature Closure Charges will be applicable for all floating rate loans and for Fixed rate loan facility up to Rs. 50 Lakh

All the above service charges/fees/Commissions are exclusive of taxes.
GST applicable on all type of fee/charges

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Tractor Loan Services Charges

Charge Description	Current Charge
Processing Fee *	INF – Upto Rs. 25000/ -
	CC – Upto 2% of Facility Amount
	TA- Nil charges
BG Commission Charges	Upto 2% of Facility Amount
Overdue Charges	18 % per annum on overdue amount
^Pre-Payment / Foreclosure Charges*	2% on sanction limit on Inventory Funding.
	(1) 2% if take over by another Bank
	(2) NIL if full outstanding repaid without takeover (own funds)
	Foreclosure - Term Loans/LAP/ODAP - 2%
	(1) Upto 25% repayment in a FY: NIL
	(2) For > 25% repayment & > 50 tenure completed: 1%
	(3) For > 25% repayment & < 50 tenure completed: 1%
	TA – No FC is applicable
	INF – 1% FC is applicable from the date of 1^st acquisition to next 365 days. Post No Charges
	Foreclosure - Cash Credit Limits - 2%
	(1) 2% on CC Limits
	(2) NIL if full outstanding repaid, out of own sources, without takeover
	BG : No FC is applicable
	- NIL foreclosure charges / pre-payment penalties on all floating rate term loans sanctioned to individual borrowers, with immediate effect. GST is also applicable over and above the regular charges
	- NIL Premature Closure Charges will be applicable for all floating rate loans and for Fixed rate loan facility up to Rs. 50 Lakh
	- For borrowers classified as Micro and Small Enterprises, as per BCSBI guidelines, prepayment charges will not be charged if customer is prepaying the loan to reduce the business liabilities. For MSE customers, 2% takeover charges will be applicable in case of takeover of the loan by another Bank / Financier. Bank reserves the right to enquire or ask the documentary proof of source of funds for closure request of loans. For Non MSE the charges continue as applicable for respective products
Stock Audit Charges	Stock Audit Charges at Rs.1,500/- or actuals for Tractor for all exposures except TA & BG
SOT Charges	2% additional Interest charge over applicable ROI once SOT is identified for dealers which are in excess of 10% of the total limits approved
Stamp duty	At Actuals
Legal and incidental charges	At Actuals
CERSAI Charges	At Actuals
Solvency certificate	Upto 1% of the solvency certification value

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CV CE Service Charges

Charge Name	Current Charge
Processing Fee for TA	Rs.25000/-
Processing Fee for INF	Rs.25000/-
Processing for CC	Upto 1%
Stamp Duty and Other Statutory Charges	At Actual
BG Commission	Up to 2% of the facility Amount
Prepayment/Foreclosure Charges	2% on sanction limit on Inventory Funding. (1). 2% if take over by other bank (2). Nil if full outstanding repaid without take over (own funds) Foreclosure - Term Loans/LAP/ODAP - 2%(1) Upto 25% repayment in a FY: NIL
	(2) For > 25% repayment & > 50 tenure completed: 1%
	(3) For > 25% repayment & < 50 tenure completed: 1%2% on sanction limit on Inventory Funding.
	(1) 2% if take over by other Bank
	(2) NIL if full outstanding repaid without takeover (own funds)
	Foreclosure - Term Loans/LAP/ODAP - 2%
	(1) Upto 25% repayment in a FY: NIL
	(2) For > 25% repayment & > 50 tenure completed: 1%
	(3) For > 25% repayment & < 50 tenure completed: 1%
	TA – No FC is applicable
	INF – 1% FC is applicable from from the date of 1st acquisition to next 365 days. Post No Charges
	Foreclosure - 2 % of the Cash Credit Limit
	(1) 2% on CC Limits
	(2) NIL if full outstanding repaid, out of own sources, without takeover BG : No FC applicable
	*NIL foreclosure charges / pre-payment penalties on all floating rate term loans sanctioned to individual borrowers, with immediate effect. GST is also applicable over and above the regular charges NIL Premature Closure Charges will be applicable for all floating rate loans and for Fixed rate loan facility up to Rs. 50 Lakhe For borrowers classified as Micro and Small Enterprises, as per BCSBI guidelines, prepayment charges will not be charged if customer is prepaying the loan to reduce the business liabilities. For MSE customers, 2% takeover charges will be applicable in case of takeover of the loan by another Bank / Financier. Bank reserves the right to enquire or ask the documentary proof of source of funds for closure request of loans. For Non MSE the charges continue as applicable for respective products
Stock Audit Charges	Stock Audit Charges at
Stock Audit Charges	Rs.1,500/- or actuals for Tractor for all exposures except TA & BG
Legal and incidental charges	At actual
Cersai Charges	At Actual
Solvency certificate	Upto 1% of the solvency certification value

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