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Processing Charges
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Upfront
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@0.25% plus GST of Sanction Limit at new sanction / renewal / enhancement
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Tranche wise
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0.35% plus GST of disbursed amount at every tranche of disbursement
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Penal Interest / Charges
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Penal rate of 6% p.a. shall be charged on outstanding amount beyond Loan Maturity.
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Stamp Duty & other statutory document charges
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As per applicable laws of state
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Auction/Liquidation and incidental charges are those expenses that are not budgeted or specified but are incurred by the bank on behalf of the customer
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As per actuals
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Prepayment / Foreclosure Charges
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Prepayment charges (0.50% exclusive of GST) of the amount being prepaid only if prepayment is within one month from the date of disbursement. Otherwise Nil.
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Quality Testing Charges/ Fumigation Charges/ Collateral Management Charges/ Other Charges
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These incidental charges if applicable are to be borne by the borrower on case to case basis.
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