Charge type - Loan to Professional | Details |
---|---|
Processing Fees | Upto 2.5% on sanctioned amount + applicable taxes |
Repayment Bounce Charges | ₹ 1,000/- (Loan sanction amount upto ₹ 50 lakhs) ₹ 1,500/- (Loan sanction amount greater than ₹ 50 lakhs) |
Late Payment Interest | 2% per month on overdue EMI |
Part Prepayment Charges applicable in case of Term loan / Dropline Overdraft / Hybrid Overdraft | • Term Loan: Not allowed till 6 months from disbursement 2% + GST, if applicable on total part-prepayment amount. • Dropline / Hybrid Overdraft: No charges applicable. Part - prepayment of Loan will not amount to limit reduction |
Annual Maintenance Charges in case of Dropline / Hybrid Overdraft | 0.75% + GST (if applicable), to be charged upfront at the time of disbursement, on the Hybrid Limit (applicable only for Hybrid OD). 0.5% + GST (if applicable), on the Dropline / Hybrid Limit as on the 13th Instalment & every anniversary thereafter. |
Legal /Recovery Charges | As per actuals |
Foreclosure Charges- Term Loan / Dropline Overdraft/ Hybrid Overdraft | Foreclosure not allowed till 6 (six) months from Disbursement. After 6 (six) months at 5% + GST, if applicable, on outstanding Loan (for term loan) / Dropline Limit (for Dropline Overdraft) / Hybrid Limit (for Hybrid Overdraft) on the date of such foreclosure. In the event foreclosure is allowed prior to 6 (six) months from disbursement, a charge of 10% + GST if applicable, on the outstanding Loan (for Term loan) / Dropline Limit (for Dropline Overdraft) / Hybrid Limit (for Hybrid Overdraft) on the date of such foreclosure shall be applicable. |
Statement of Account / Repayment Schedule / No Dues Certificate / Interest Certificate | Physical copy at a charge of ₹ 500/- +GST if applicable, per statement/letter/certificate. No charges for digital copies. |
Repayment Swap Charges (per swap) | ₹ 500/- +GST, if applicable. |
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