FEATURES
FEES & CHARGES
| Type of Charge | Applicable Charges ( revised) |
| Processing Fee / Commission | Upto 2% of Facility Amount Nil Processing Fees for loan facilities upto Rs 5 lacs at customer level, availed by Micro and Small Enterprises, subject to URC submission before disbursal. |
| Renewal Fee | Upto 1% of Facility Amount |
| Stamp Duty/Statutory charges | At Actual |
| Legal/Valuation/Title Search Report/ROC Search/etc | At Actual |
| Charge creation with ROC | At Actual charged by empaneled vendor |
| Premature Closure of credit facilities | Non MSE’s (Micro & Small Enterprises): |
| 4% of the total credit facility amount. | |
| MSE’s (Micro & Small Enterprises): | |
| 1. Prepayment of fixed rate loans upto Rs. 50 lacs is permitted without levying any prepayment penalty. | |
| 2. Prepayment of Floating Rate Loans / Takeover Loans is permitted without levying any prepayment penalty. | |
| Drawings beyond DP/Limit | As per Bank’s norms, not exceeding 18.00% p.a. |
| Non submission of valid Insurance, Stock and Book Debts statement | Stock/Book Debt Statement : 0.05% per month on last DP available |
| Property/stock/Plant & Machinery insurance : 0.075% on uninsured value per fortnight , maximum of Rs 10,000 per month for exposure upto Rs 10 cr and maximum of Rs 50,000 per month above exposure of Rs 10 cr | |
| Unsatisfactory cumulative inflow in our OD account on quarterly basis. | Rs 50,000/- per month to be debited on 24th of next month |
| Non-Compliance of General /Takeover Conditions | As security documents must be complete in all respect, pendency shall be penalized |
| • 45 Days of Expiry – to the extent of Utilization limit will be dropped. | |
| • 60 days of Expiry – Limit will be zeroed and penal interest as per prevailing Bank norms shall apply not exceeding 18% will be charged. | |
| Commitment Fees | 0.50% p.a. |
| Minimum 40% utilization on Quarterly basis. | |
| Property Document Retention Charges | Rs 1,000/- per calendar month, after 3 calendar months from the date of closure of all loans/facilities linked to the collateral |
| Renewal documents are required to be submitted 60 days prior to the expiry date. Non-Submission of renewal docs as specified in terms and condition matrix | 0.15% per month for the period of delay in renewal. No penalty in case, customer has submitted request letter and standard documents required for renewal. |
| Not complying with documentation for credit facilities | 0.15% monthly on the average utilization. In case of multiple/Consortium Banking wherever there is dependence on other bank/lead bank for creating charge in our favour/sharing pari passu letter with us, penal charges are not proposed to be charges for first 180 day from date of disbursement. |
| Solvency Certificate | Upto 1% of the solvency certification value |
| CERSAI Charges | At Actual |
| Property Swapping/Partial Release | 0.10% of Principle outstanding subject to Minimum Rs.10,000/- |
| Non submission of UFCE declaration | Flat 0.075% of the outstanding amount as at the end of previous quarter (Charges will be levied on Quarterly basis for all customers with provision amount > Rs 50,000 |
All charges are exclusive of GST
If you pay your EMI after the due date, interest will be charged on unpaid EMI for the number of days you are late. This interest is calculated at your loan’s contracted rate and will be added to your next EMI.
Example:
📅 EMI Due Date: 10th
💰 Payment Made On: 25th
⏳ Delay: 15 days
💸 Impact: Interest for these 15 days will be added to your next EMI.
Please pay on time to avoid such impact.