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Interest Rates for loans booked between 1st Apr 2023 to 30st June 2023.

Products Min of ROI Max of ROI
Loan Against Property 9.5 19.00
Business Instalment Loan 12.9 21
Machinery Term Loan 7.8 15.5
Supply Chain Finance( BD and PO) 7.75 14.5
Corporate Others(RSTL, WCTL, Bridge Finance etc.) 8.6 15

The Rate of Interest is arrived at based on the Weighted Average Cost of Funds, Administrative Costs, Risk Premium and Profit Margin.

Schedule of Charges

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