Nature of Fee/Charges |
Loan Against Property and Lease Rental Discounting |
Machinery Loan |
Business Instalment Loan |
Supply Chain Finance |
Working Capital Loans & Other Corporate Loans |
Processing Fees |
Upto 2% of Sanction Limit+ Applicable GST |
Handling Charges/Transaction Charges |
NA |
NA |
NA |
Upto ₹1,500 +GST per batch |
NA |
Login Fees Non-refundable |
Upto ₹ 5,500 + Applicable GST |
NA |
NA |
Upto ₹1,500 +GST per batch |
NA |
Renewal Processing Fee |
NA |
NA |
NA |
Upto 2% of Sanction Limit+ Applicable GST |
ROC filing charges |
₹ 1,200+ Applicable GST (wherever applicable) |
₹ 1,200+ Applicable GST (wherever applicable) |
NA |
NA |
₹ 1,200+ Applicable GST (wherever applicable |
Documentation Charges |
Upto ₹ 500 + Applicable GST |
Repayment Instruction / Instrument Return Charges |
₹500+Applicable GST per instance |
Penal Interest for delayed payment |
Upto 3.00% p.m. applicable on amount overdue |
Penal Interest – Non submission of stock statement |
NA |
NA |
NA |
NA |
Upto 4% P.A Additional rate of interest on the amount outstanding for the period of default |
Penal Interest – Non submission of Property/Machine/ stock insurance wherever applicable |
Upto 4% P.A Additional rate of interest on the amount outstanding for the period of default |
Upto 4% P.A Additional rate of interest on the amount outstanding for the period of default |
NA |
NA |
Upto 4% P.A Additional rate of interest on the amount outstanding for the period of default |
Penal Interest- Non creation of Security |
Upto 4% P.A Additional rate of interest on the amount outstanding for the period of default |
Upto 4% P.A Additional rate of interest on the amount outstanding for the period of default |
NA |
NA |
Upto 4% P.A Additional rate of interest on the amount outstanding for the period of default |
Foreclosure Charges Floating Rate Loans |
a)Individual Borrower-Non Business End Use Nil b)Individual & Non Individual Borrower Business End Use – upto 4% of Loan outstanding +Applicable GST |
a)Individual Borrower-Non Business End Use Nil b)Individual & Non Individual Borrower Business End Use – upto 4% of Loan outstanding +Applicable GST |
a)Individual Borrower-Non Business End Use Nil b)Individual & Non Individual Borrower Business End Use – upto 4% of Loan outstanding +Applicable GST |
NA |
a)Individual Borrower-Non Business End Use Nil b)Individual & Non Individual Borrower Business End Use – upto 4% of Loan outstanding +Applicable GST |
Part Pre-payment charges Floating Rate Loans |
a)Individual Borrower-Non Business End Use Nil b)Individual & Non Individual Borrower Business End Use – upto 4% of Loan outstanding +Applicable GST |
a)Individual Borrower-Non Business End Use Nil b)Individual & Non Individual Borrower Business End Use – upto 4% of Loan outstanding +Applicable GST |
a)Individual Borrower-Non Business End Use Nil b)Individual & Non Individual Borrower Business End Use – upto 4% of Loan outstanding +Applicable GST |
NA |
a)Individual Borrower-Non Business End Use Nil b)Individual & Non Individual Borrower Business End Use – upto 4% of Loan outstanding +Applicable GST |
Foreclosure Charges Fixed Rate Loans |
Upto 4% of Loan outstanding +Applicable GST |
Upto 4% of Loan outstanding +Applicable GST |
Upto 4% of Loan outstanding +Applicable GST |
NA |
Upto 4% of Loan outstanding +Applicable GST |
Part Pre-payment charges Fixed Rate Loans |
Upto 4% of Loan outstanding +Applicable GST |
Upto 4% of Loan outstanding +Applicable GST |
Upto 4% of Loan outstanding +Applicable GST |
NA |
Upto 4% of Loan outstanding +Applicable GST |
Switching Fees (Higher Floating Rate to Lower Floating Rate) |
Upto ₹5,000+GST (Wherever Applicable) per instance |
Upto 4% of Loan outstanding +Applicable GST |
NA |
Upto ₹5,000+GST (Wherever Applicable) per instance |
Upto ₹5,000+GST (Wherever Applicable) per instance |
Issuance Charges for Photocopy of Title Deeds |
Upto ₹500/- +GST per document set |
NA |
NA |
NA |
Upto ₹500/- +GST per document set (Wherever Applicable) |
Legal Charges including sending of legal notices |
Any costs borne by the company will be charged on actuals to the customer by debiting the loan account |