Revision in charges & fees structure of your Personal Loan/ Business Loan

Premature closure charges

Product

Current Charges

Revised Charges

Business Loan (BL) / Self Employed Professional Loan (SEP)

Prepayment Charge (for full payment) :

Premature closure charges (for full payment) :

Term Loan

Term Loan

0-6 Months - Not Allowed

Up to 24 EMI repayment - 4% of principal outstanding,

07-24 months - 4% of principal outstanding

Post 24-36 EMI repayment - 3% of principal outstanding,

25-36 months - 3% of principal outstanding,

>36 EMI repayment - 2% of principal outstanding

>36 months - 2% of principal outstanding

DOD Facility

DOD Facility

0-6 Months - Not Allowed

0-24 months - 4% of existing operating limit

07-24 months - 4% of existing operating limit

Post 24-36 months - 3% of existing operating limit,

25-36 months - 3% of existing operating limit

>36 months - 2% of existing operating limit

>36 months - 2% of existing operating limit

GST and other Govt Taxes and Levies as applicable from time to time, would be charged additionally.

Premature closure charge would be applicable on the principal outstanding amount of the loan and on existing operating limit for BL DOD facility. GST and other Govt Taxes and Levies as applicable from time to time, would be charged additionally.

NIL Prepayment Charges for full closure of fixed rate loan facility up to Rs. 50 lakhs availed by Micro & Small Enterprises, subject to closure of loan from own source.

NIL Premature Closure Charges for full closure of fixed rate loan facility up to Rs. 50 lakhs availed by Micro & Small Enterprises, subject to closure of loan from own source and submission of Udyam Registration Certificate prior to loan disbursal.

Part Prepayment Charge (for partial payment) :

Premature closure charges (for partial payment) :

Term Loan

Term Loan

In case of BL/SEP Term Loan , partial premature closure would be allowed post servicing of 1st EMI , up to 25% of the Principal Outstanding. It is allowed only once in the financial year and twice during the entire loan tenure. Charges would be applicable as below on the part pre-payment amount.

0-12 Months - Not Allowed

 Partial premature payment is allowed post payment of first EMI.

13-24 months - 4% of part payment amount,

Post 01 EMI and up to 24 EMI repayment - 4% of part payment amount.

25-36 months - 3% of part payment amount,,

Post 24 EMI and up to 36 EMI repayment - 3% of part payment amount.

>36 months - 2% of part payment amount.

Post 36 EMI repayment- 2% of part payment amount.

Part-payment allowed after 12 EMIs , up to 25% of Principal Outstanding. It is allowed only once in the financial year and twice during the loan tenure.

GST and other Govt Taxes and Levies as applicable from time to time, would be charged additionally.

 Government Taxes and other levies as applicable, would be charged additionally.

NIL Part Prepayment Charges for part prepayment of fixed rate loan facility up to Rs. 50 lakhs availed by Micro & Small Enterprises, subject to closure of loan from own source.

NIL Premature Closure Charges for partial closure of fixed rate loan facility up to Rs. 50 lakhs availed by Micro & Small Enterprises, subject to closure of loan from own source and submission of Udyam Registration Certificate prior to loan disbursal.

Personal Loan

Prepayment Charge (for full payment) :

Premature closure charges (for full payment) :

Term Loan

Term Loan

0-12 Months - Not Allowed

•    Up-to 24 EMI repayment - 4% of principal outstanding,

13-24 months - 4% of principal outstanding

•    Post 24 EMI and up to 36 EMI repayment - 3% of principal outstanding,

25-36 months - 3% of principal outstanding,

•    Post 36 EMI repayment - 2% of principal outstanding.

>36 months - 2% of principal outstanding

Premature closure charge would be applicable on the principal outstanding amount of the loan. GST and other Govt Taxes and Levies as applicable from time to time, would be charged additionally.

GST and other Govt Taxes and Levies as applicable from time to time, would be charged additionally.

Part Prepayment Charge (for partial payment) :

Premature closure charges (for partial payment) :

Term Loan

 Term Loan

0-12 Months - Not Allowed

Partial Premature closure charges applicable on part payment amount. Partial premature payment is allowed up to 25% of Principal Outstanding, only once in the financial year and twice during the loan tenure.

13-24 months - 4% of part payment amount,

Partial premature payment is allowed post payment of first EMI.

25-36 months - 3% of part payment amount,,

•    Post 01 EMI and up to 24 EMI repayment - 4% of part payment amount.

>36 months - 2% of part payment amount.

•    Post 24 EMI and up to 36 EMI repayment - 3% of part payment amount.

•    Post 36 EMI repayment- 2% of part payment amount.

Part-payment allowed after 12 EMIs , up to 25% of Principal Outstanding. It is allowed only once in the financial year and twice during the loan tenure.

GST and other Govt Taxes and Levies as applicable from time to time, would be charged additionally.

GST and other Govt Taxes and Levies as applicable from time to time, would be charged additionally.