| Scheme |
Asset Power (Loan Against Property) |
Overdraft Against Property |
Lease Rental Discounting |
| Loan Processing Charges |
1% or Rs 10,000 (whichever is higher)
Upfront processing fee of Rs 5000 plus GST shall be collected at the time of application login. This fee will not be refunded under any circumstances such as loan rejection/withdrawal of the loan application etc., non disbursement of loan for the reasons solely attributable to the customer. Balance processing fee as applicable shall be collected at the time of loan disbursement.
|
1% or Rs 10,000 (whichever is higher)
Upfront processing fee of Rs 5000 plus GST shall be collected at the time of application login. This fee will not be refunded under any circumstances such as loan rejection/withdarwal of the loan application etc., non disbursement of loan for the reasons solely attributable to the customer. Balance processing fee as applicable shall be collected at the time of loan disbursement.
|
1% or Rs 10,000 (whichever is higher)
Upfront processing fee of Rs 5000 plus GST shall be collected at the time of application login. This fee will not be refunded under any circumstances such as loan rejection/withdrawal of the loan application etc., non disbursement of loan for the reasons solely attributable to the customer. Balance processing fee as applicable shall be collected at the time of loan disbursement.
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| Part payment |
The customers falling under category of Micro and Small Enterprise customers, shall not be charged foreclosure and part prepayment charges, irrespective of source of funds for closure. (applicable only for LAP Term loan and Overdraft facility loan). The same is subject to change from time to time and the decision of bank is final. |
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)
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| Foreclosure Charges |
The customers falling under category of Micro and Small Enterprise customers, shall not be charged foreclosure and part prepayment charges, irrespective of source of funds for closure. (applicable only for LAP Term loan and Overdraft facility loan). The same is subject to change from time to time and the decision of bank is final. |
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)
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| 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 Interest |
Penal interest @24% per annum i.e. @ 2% per month on the overdue installment/s |
Penal interest @24% per annum i.e. @ 2% per month on the overdue amount/s |
Penal interest @24% per annum i.e. @ 2% per month on the overdue installment/s |
| 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 |
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