|
Regular/Term Loan |
Regular/Term Loan (NO PF/FC) |
Overdraft |
| Parameters |
Agri |
Non-Agri |
Agri (SO_LNAPG) |
Non-agri
(SO_LRGMI) |
Agri
|
Non-Agri
|
|
(PGLOD) |
(ODGBP) |
|
LTV |
75% |
75% |
75% |
75% |
75% |
75% |
|
ROI (MCLR rate + spread)
|
9.35%+7.65% = 17%
|
9.35%+7.65%=17% |
9.35%+9.65% =19% |
9.35%+9.65%=19% |
9.35%+7.65% = 17% |
9.35%+7.65% = 17% |
|
Processing Fee (Fresh) / Renewal fee |
Upto 2 Lakhs – 300/Case |
Upto 2 Lakhs – 300/Case |
NIL |
NIL |
Upto 2 Lakhs – 300/Case |
Upto 2 Lakhs – 300/Case |
| More than 2 lakhs - 0.5% of loan amount |
More than 2 lakhs - 0.5% of loan amount |
More than 2 lakhs - 0.5% of loan amount |
More than 2 Lakhs – 0.5% of loan amount |
|
Minimum limit |
Rs.25,001/- |
|
Maximum limit |
Rs.40,00,000/- |
|
Accounts limit |
5 Accounts per Cust ID |
|
Foreclosure Fee- |
2% for 0-6months |
2% for 0-6months |
NIL |
NIL |
2% for 0-6months |
2% for 0-6months |
| Nil for >6 months |
Nil for >6 months |
Nil for >6 months |
Nil for >6 months |
| Nil for Renewals |
Nil for Renewals |
Nil for Renewals |
Nil for Renewals |
|
Valuation Fee |
Minimum - Rs.500
Maximum -
Rs.1500 |
| Penal Charges |
8% PA
- Financial Default*: 8% p.a. above applicable interest rate on the overdue amount (subject to the aggregate not exceeding Rs. 1,00,000/- per instance).
- There shall be no capitalisation of Penal Charges.
- The said Penal Charges will be subject to GST as per applicable law on Goods and Service Tax in India, and GST will be charged separately.
- *Financial Default includes all types of payment or financial defaults/irregularities with respect to your Loan Account
|
| Pre Payment charges |
Nil |
| Stamp Duty |
As per applicable state laws
|
Current prevailing rate:
| Fixed Rate Loan |
1
year MCLR |
Spread over 1 year MCLR |
Effective Interest Rate |
Reset |
|
Gold Loan |
9.35% |
7.65% |
17% |
No Reset |
Goods and Services tax (GST) will be charged extra as per the applicable rates, on all
the charges and fees (wherever GST is applicable)
For further details, please click
here
