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Business Loan - Commercials
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Loan processing charges Up to 2.00% + Applicable taxes Part Pre-payment charges - 2% charge plus GST will be levied on amount prepaid.
Foreclosure ChargesPost repayment of 1st EMI:
- Up to 24 months – 4% of principle outstanding at the time of prepayment + GST as applicable
- 25-36 months - 3% of principle outstanding at the time of prepayment + GST as applicable
- > 36 months - 2% of principle outstanding at the time of prepayment + GST as applicable
Penal interest 2.00% p.m. on the amount of overdue installment Cheque bounce charges Rs. 339/- per instance + Applicable taxes