| Scheme |
Asset Power (Loan Against Property) |
Overdraft Against Property |
Lease Rental Discounting |
| Loan Processing Charges |
- Up to 1% of the loan amount or Rs 10,000 (whichever is higher) + GST (as applicable).
- An upfront processing fee of INR 5,000 plus GST shall be collected at the time of application submission. The balance processing fee, as applicable, shall be collected at the time of loan disbursement.
- The processing fee is a non-refundable fees collected by the Bank for the purpose of reviewing the loan application and same is independent of the outcome of such assessment.
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- Up to 1% of the loan amount or Rs 10,000 (whichever is higher) + GST (as applicable).
- An upfront processing fee of INR 5,000 plus GST shall be collected at the time of application submission. The balance processing fee, as applicable, shall be collected at the time of loan disbursement.
- The processing fee is a non-refundable fees collected by the Bank for the purpose of reviewing the loan application and same is independent of the outcome of such assessment.
|
- Up to 1% of the loan amount or Rs 10,000 (whichever is higher) + GST (as applicable).
- An upfront processing fee of INR 5,000 plus GST shall be collected at the time of application submission. The balance processing fee, as applicable, shall be collected at the time of loan disbursement.
- The processing fee is a non-refundable fees collected by the Bank for the purpose of reviewing the loan application and same is independent of the outcome of such assessment.
|
| Admin Charges |
INR 0/- |
| Part payment |
In case of Micro and Small Enterprises (MSE) customers, no prepayment charges are applicable if;
1. Loan amount is up to Rs.50 Lakhs under Fixed rate loans, or
2. Loans with floating interest rates (irrespective of the loan limit) |
Applicable for LAP Only: Part pre-payment charges term loan:
1. Upto 25% of the principal outstanding repaid in the quarter - NIL Charges
2. More than 25% of principal outstanding repaid in a quarter
-3% charges on excess amount repaid (Total amount repaid less 25% of the principal outstanding). The quarter refers to calendar quarter. No part prepayment is allowed in the first quarter after taking the loan.
- If primary applicant is a non-Individual (irrespective of end use): 3% part prepayment charge on outstanding principal is applicable.
- If primary applicant is an Individual with end use as business: 3% part prepayment charge on outstanding principal is applicable.
- If primary applicant is an Individual with end use other than business: NIL (irrespective of the co-applicant constitution)
| No Part payment charges |
Applicable for LAP Only: Part pre-payment charges term loan:
1. Upto 25% of the principal outstanding repaid in the quarter - NIL Charges
2. More than 25% of principal outstanding repaid in a quarter
-3% charges on excess amount repaid (Total amount repaid less 25% of the principal outstanding). The quarter refers to calendar quarter. No part prepayment is allowed in the first quarter after taking the loan.
- If primary applicant is a non-Individual (irrespective of end use): 3% part prepayment charge on outstanding principal is applicable.
- If primary applicant is an Individual with end use as business: 3% part prepayment charge on outstanding principal is applicable.
- If primary applicant is an Individual with end use other than business: NIL (irrespective of the co-applicant constitution)
|
| Foreclosure Charges |
In case of Micro and Small Enterprises (MSE) customers, no prepayment charges are applicable if;
1. Loan amount is up to Rs.50 Lakhs under Fixed rate loans, or
2. Loans with floating interest rates (irrespective of the loan limit) |
1. If primary applicant is a non-Individual (irrespective of end use): 3% foreclosure charge on outstanding principal is applicable.
2. If primary applicant is an Individual with end use as business: 3% foreclosure charge on outstanding principal is applicable.
3. If primary applicant is an Individual with end use other than business: NIL (irrespective of the co-applicant constitution)
|
Foreclosure Charges: 2 %(+Goods and Service Tax as applicable) of the opening Overdraft limit set for the specific year. |
1. If primary applicant is a non-Individual (irrespective of end use): 3% foreclosure charge on outstanding principal is applicable.
2. If primary applicant is an Individual with end use as business: 3% foreclosure charge on outstanding principal is applicable.
3. If primary applicant is an Individual with end use other than business: NIL (irrespective of the co-applicant constitution)
|
| Non utilization charges for overdraft facility (Applicable only for Straight line overdraft facility) |
NA |
If average quarterly utilization is <25% ofdrawing power then quarterly 0.10% will becharged on the difference between actual average utilization and expected utilization (i.e. 25%) |
NA |
| Renewal charge for overdraft facility (Applicable for Dropline and Straight line overdraft facility) |
NA |
0.5% of the drawing power set or Rs 5,000/- whichever is lower plus applicable GST should be charged at the time of each renewal of limit |
NA |
| No Due Certificate |
NA |
NA |
NA |
| Duplicate No Dues Certificate/NOC |
Rs. 50/- per instance |
Rs. 50/- per instance |
Rs. 50/- per instance |
| Solvency Certificate |
NA |
NA |
NA |
| Penal Charges |
Financial Default*: 8% p.a. above applicable interest rate on the overdue amount (subject to the aggregate not exceeding 24% 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
|
Financial Default*: 8% p.a. above current applicable interest rate on the overdue amount ( Penal Charge not exceeding INR 1,00,000 (INR One lakh)
- •Non-Financial Default**: 1% p.a. above current applicable interest rate / commission from the date of each non-financial default on the outstanding amount of fund-based credit facilities and non-fund-based facilities (as applicable).
- There shall be no capitalisation of Penal Charges
Please note, the said Penal Charges will be subject to GST as per applicable laws 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.
**Non-Financial Default includes breach of any other obligation(s) / covenant(s) with respect to your loan account.
|
Financial Default*: 8% p.a. above applicable interest rate on the overdue amount (subject to the aggregate not exceeding 24% 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
|
| Stamp Duty & other statutory charges |
As per applicable laws of the state |
As per applicable laws of the state |
As per applicable laws of the state |
| Cheque Bounce Charges |
Rs. 339/- per instance |
Rs. 339/- per instance |
Rs. 339/- per instance |
| Cheque/Instrument swapping charges |
Rs. 500/- per instance |
Rs. 500/- per instance |
Rs. 500/- per instance |
| Duplicate statement issuance charges |
Rs. 250/- per instance |
Rs. 250/- per instance |
Rs. 250/- per instance |
| Issuance Charges for Photocopy of Title Deeds |
Rs. 500/- per document set |
Rs. 500/- per document set |
Rs. 500/- per document set |
| Credit Report Issuance Charges |
Rs. 50/- per instance |
Rs. 50/- per instance |
Rs. 50/- per instance |
| CERSAI Charges |
Rs 50/- for Loans upto 5 lakhs
Rs 100/- for Loans above 5 lakhs |
Rs 50/- for Loans upto 5 lakhs
Rs 100/- for Loans above 5 lakhs |
Rs 50/- for Loans upto 5 lakhs
Rs 100/- for Loans above 5 lakhs |
| Equitable mortgage creation charges |
As applicable in the state |
As applicable in the state |
As applicable in the state |
| Switching Fees (Higher Floating Rate to Lower Floating Rate) |
Switching from the higher Floating Rate to Lower Floating Rate will attract an administrative charge of
| Principal O/s at the time of ROI conversion |
Charges |
| Upto 10 Lacs |
1000+GST |
| 10.01 Lacs to 30 Lacs |
2000+GST |
| 30.01 Lacs to 75 Lacs |
3000+GST |
| >75 Lacs |
5000+GST |
|
| Re- Pricing Charges |
Switching from the Floating Rate scheme to Fixed Rate scheme will attract a fee of 1% on the outstanding principal with a minimum of INR 10,000/-.
Switching from the Fixed Rate scheme to Floating Rate scheme will attract a fee of 2% on the outstanding principal. |
