Service Charges

Auto & Two-Wheeler Funding

Sr. No.	Type of Charge	Proposed charges per instance
1.	Processing Fee / Management Fee	Processing Fees at minimum Rs.25,000/- for Auto & Rs.15,000/- for TW for all exposures + GST or 0.1% of loan amount (basis competition & strength of the case)
2.	Stamp Duty & other statutory charges	At actuals
3.	Stock Audit Charges	At actuals
4.	BG Commission Charges	Up to 2% of the facility Amount (including Processing fee & commission charges)
5.	Property Document Retention charges	Property documents need to be collected within 60 (sixty) days from the date of closure of loan/ facilities linked to the collateral. Failing which, custody charges of Rs.1000 + GST per month per property shall be levied
6.	Premature Closure Charges	4% p.a + Taxes as applicable. As per BCSBI guidelines, for borrowers classified as Micro and Small Enterprises(MSE) NIL Premature Closure Charges will be applicable for all floating rate loans and for Fixed rate loan facility up to Rs. 50 Lakh

All the above service charges/fees/Commissions are exclusive of taxes.
GST applicable on all type of fee/charges

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Tractor Inventory Funding & Working Capital

Charge Description	Current Charge
Processing Fee *	INF – Upto Rs. 25000/ -
	CC – Upto 2% of Facility Amount
	TA- Nil charges
	Nil processing fees for loan facilities upto Rs.5 lakhs availed by Micro & Small Enterprises subject to URC submission prior to disbursal
BG Commission Charges	Upto 2% of Facility Amount
Overdue Charges	18 % per annum on overdue amount
Pre-Payment / Foreclosure Charges*	2% on sanction limit on Inventory Funding.
	(1) 2% if take over by another Bank
	(2) NIL if full outstanding repaid without takeover (own funds)
	Foreclosure - Term Loans/LAP/ODAP - 2%
	(1) Upto 25% repayment in a FY: NIL
	(2) For > 25% repayment & > 50 tenure completed: 1%
	(3) For > 25% repayment & < 50 tenure completed: 1%
	TA – No FC is applicable
	INF – 1% FC is applicable from the date of 1^st acquisition to next 365 days. Post No Charges
	Foreclosure - Cash Credit Limits - 2%
	(1) 2% on CC Limits
	(2) NIL if full outstanding repaid, out of own sources, without takeover
	BG : No FC is applicable
	For Borrowers classified as Micro and Small Enterprises (MSE):
	1.Prepayment of Fixed rate loans upto Rs.50 lakhs is permitted without levying any prepayment penalty
	2. Prepayment of Floating rate loans/Takeover loans is permitted without levying any prepayment penalty
Stock Audit Charges	Stock Audit Charges at Rs.1,500/- or actuals for Tractor for all exposures except TA & BG
SOT Charges	2% additional Interest charge over applicable ROI once SOT is identified for dealers which are in excess of 10% of the total limits approved
Stamp Duty and Other Statutory Charges	At Actuals
Legal and incidental charges	At Actuals
CERSAI Charges	At Actuals
Solvency certificate	Upto 1%+ GST of the solvency certification value
Stock Gap (SOT) Charges	SOT between 10% to 20% - Rs.10000/-+GST for Tractor INF dealers per instance. SOT above 20% - Rs.25000/- +GST for Tractor INF dealers per instance
Penal charge on overdue amount in Inventory Funding limits	Penal charges 4% p.a + GST on overdue/ delays / defaults of any amount payable for Tractor and CV CE INF and TA dealers.
Delayed/Non-Submission of stock statement	Non Submission/Delayed submission of stock statements for 2 consecutively months, for DP calculation of CC limits shall attract penal charges of Rs.5000/- +GST charges for each instances of the utilized limits
Penal charge on overdue amount in Overdraft / Cash Credit facility / Inventory Funding limits / TA Facility	Penal charges 4% p.a + GST on overdue/ delays / defaults of any amount payable for Tractor INF and TA dealers.
TOD/STA Penal charge on over and above the limit utilization in Overdraft / Cash Credit /Inventory Funding/TA facility	TOD/STA Penal charges 4% p.a + GST on utilization of over and above the approved limit
Stock audit penal charges	Penal charges @2% p. a + GST will be applicable on the utilized limits in case of non submission of data or non cooperation by dealer in completing CC for stock audit process
Non submission of UFCE declaration	Flat 0.075% of the outstanding amount as at the end of previous quarter (Charges will be levied on Quarterly basis for all customers with provision amount > Rs 50,000)
Delayed instalment payment charge (For Term Loan)	NIL

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Commercial Vehicle, Construction Equipment Inventory Funding

Charge Description	Current Charge
Processing Fee *	TA - Rs.25000/-
	INF - Rs.25000/-
	CC - Upto 1%
	Nil processing fees for loan facilities upto Rs.5 lakhs availed by Micro & Small Enterprises subject to URC submission prior to disbursal
BG Commission	Up to 2% of the facility Amount
Prepayment/Foreclosure Charges	2% on sanction limit on Inventory Funding. (1). 2% if take over by other bank (2). Nil if full outstanding repaid without take over (own funds) Foreclosure - Term Loans/LAP/ODAP - 2% (1) Upto 25% repayment in a FY: NIL
	(2) For > 25% repayment & > 50 tenure completed: 1%
	(3) For > 25% repayment & < 50 tenure completed: 1% - 2% on sanction limit on Inventory Funding.
	(1) 2% if take over by other Bank
	(2) NIL if full outstanding repaid without takeover (own funds)
	Foreclosure - Term Loans/LAP/ODAP - 2%
	(1) Upto 25% repayment in a FY: NIL
	(2) For > 25% repayment & > 50 tenure completed: 1%
	(3) For > 25% repayment & < 50 tenure completed: 1%
	TA – No FC is applicable
	INF – 1% FC is applicable from the date of 1st acquisition to next 365 days. Post No Charges
	Foreclosure - 2 % of the Cash Credit Limit
	(1) 2% on CC Limits
	(2) NIL if full outstanding repaid, out of own sources, without takeover BG : No FC applicable
	For Borrowers classified as Micro and Small Enterprises (MSE):
	1.Prepayment of Fixed rate loans upto Rs.50 lakhs is permitted without levying any prepayment penalty
	2. Prepayment of Floating rate loans/Takeover loans is permitted without levying any prepayment penalty
Stock Audit Charges	Stock Audit Charges at Rs.1,500/- or actuals for CV CE for all exposures except TA & BG
Stamp Duty and Other Statutory Charges	At Actuals
Legal and incidental charges	At Actuals
CERSAI Charges	At Actuals
Solvency certificate	Upto 1% of the solvency certification value
Stock Gap (SOT) Charges	SOT between 10% to 20% - Rs.25000/-+GST for CV CE INF dealers per instance. SOT above 20% - Rs.50000/-+GST for CV CE INF dealers per instance.
Penal charge on overdue amount in Inventory Funding limits	Penal charges 4% p.a + GST on overdue/ delays / defaults of any amount payable for Tractor and CV CE INF and TA dealers.
Delayed/Non-Submission of stock statement	Non Submission/Delayed submission of stock statements for 2 consecutively months, for DP calculation of CC limits shall attract penal charges of Rs.5000/- +GST charges for each instances of the utilized limits
Penal charge on overdue amount in Overdraft / Cash Credit facility / Inventory Funding limits / TA Facility	Penal charges 4% p.a + GST on overdue/ delays / defaults of any amount payable for CV CE INF dealers.
TOD/STA Penal charge on over and above the limit utilization in Overdraft / Cash Credit /Inventory Funding/TA facility	TOD/STA Penal charges 4% p.a + GST on utilization of over and above the approved limit
Stock audit penal charges	Penal charges @2% p. a + GST will be applicable on the utilized limits in case of non submission of data or non cooperation by dealer in completing CC for stock audit process
Non submission of UFCE declaration	Flat 0.075% of the outstanding amount as at the end of previous quarter (Charges will be levied on Quarterly basis for all customers with provision amount > Rs 50,000)
Delayed instalment payment charge (For Term Loan)	NIL

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Fees and Charges

Auto & Two-Wheeler Funding

Tractor Inventory Funding & Working Capital

Commercial Vehicle, Construction Equipment Inventory Funding