FEATURES
DOCUMENTATION
Fees and Charges
| Type of Charge | Applicable Charges ( revised) |
| Processing Fee / Commission | Upto 2% of Facility Amount Nil Processing Fees for loan facilities upto Rs 5 lacs at customer level, availed by Micro and Small Enterprises, subject to URC submission before disbursal. |
| Renewal Fee | Upto 1% of Facility Amount |
| Stamp Duty/Statutory charges | At Actual |
| Legal/Valuation/Title Search Report/ROC Search/etc | At Actual |
| Charge creation with ROC | At Actual charged by empaneled vendor |
| Premature Closure of credit facilities | Non MSE’s (Micro & Small Enterprises): |
| 4% of the total credit facility amount. | |
| MSE’s (Micro & Small Enterprises): | |
| 1. Prepayment of fixed rate loans upto Rs. 50 lacs is permitted without levying any prepayment penalty. | |
| 2. Prepayment of Floating Rate Loans / Takeover Loans is permitted without levying any prepayment penalty. | |
| Delayed Instalments Payment Charge | 1.5% per month ( 18% p.a.) plus applicable govt. taxes on overdue installment amount |
| Drawings beyond DP/Limit | As per Bank’s norms, not exceeding 18.00% p.a. |
| Non submission of valid Insurance, Stock and Book Debts statement | Stock/Book Debt Statement : 0.05% per month on last DP available |
| Property/stock/Plant & Machinery insurance : 0.075% on uninsured value per fortnight , maximum of Rs 10,000 per month for exposure upto Rs 10 cr and maximum of Rs 50,000 per month above exposure of Rs 10 cr | |
| Unsatisfactory cumulative inflow in our OD account on quarterly basis. | Rs 50,000/- per month to be debited on 24th of next month |
| Non-Compliance of General /Takeover Conditions | As security documents must be complete in all respect, pendency shall be penalized |
| • 45 Days of Expiry – to the extent of Utilization limit will be dropped. | |
| • 60 days of Expiry – Limit will be zeroed and penal interest as per prevailing Bank norms shall apply not exceeding 18% will be charged. | |
| Commitment Fees | 0.50% p.a. |
| Minimum 40% utilization on Quarterly basis. | |
| Property Document Retention Charges | Rs 1,000/- per calendar month, after 3 calendar months from the date of closure of all loans/facilities linked to the collateral |
| Renewal documents are required to be submitted 60 days prior to the expiry date. Non-Submission of renewal docs as specified in terms and condition matrix | 0.15% per month for the period of delay in renewal. No penalty in case, customer has submitted request letter and standard documents required for renewal. |
| Not complying with documentation for credit facilities | 0.15% monthly on the average utilization. In case of multiple/Consortium Banking wherever there is dependence on other bank/lead bank for creating charge in our favour/sharing pari passu letter with us, penal charges are not proposed to be charges for first 180 day from date of disbursement. |
| Solvency Certificate | Upto 1% of the solvency certification value |
| CERSAI Charges | At Actual |
| Property Swapping/Partial Release | 0.10% of Principle outstanding subject to Minimum Rs.10,000/- |
| 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 |
All charges are exclusive of GST