| Charge type -Small Medium Enterprise (SME) Term Loan | Details | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Processing Fee | Up to 3% on sanctioned amount + applicable taxes | ||||||||||
| Repayment/EMI Bounce Charges |
| ||||||||||
| Penal Charge/Late Payment Charge (LPC) | 2% per month (p.m.) on overdue EMI + applicable taxes *LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec 2023 *Taxes applicable on LPC w.e.f.1st April 2024 | ||||||||||
| Part Prepayment Charges | Within 6 months of disbursement: Not allowed Post 6 months of disbursement: 2% + applicable taxes on total part-prepayment amount | ||||||||||
| Annual Maintenance Charges (AMC) | Nil | ||||||||||
| Legal /Recovery Charges | As per actuals | ||||||||||
| Foreclosure Charges | Foreclosure not allowed till 6 months from Disbursement: • After 6 months of disbursement: 5% + GST if applicable on outstanding amount for Term Loan on the date of such foreclosure • Prior to 6 months of disbursement: 10% + GST if applicable on outstanding amount for Term Loan on the date of such foreclosure | ||||||||||
| Repayment Swap Charges (per swap) | ₹ 500/- + applicable taxes | ||||||||||
| Charges for documents like Statement of Account/Repayment Schedule/Foreclosure Letter/No Dues Certificate/Interest Certificate | Nil for digital copy. Charge for paper copy is ₹ 500/- +GST per statement/letter/ certificate. | ||||||||||
| Charge type -Small Medium Enterprise (SME) Drop line Over Draft (OD)/ Hybrid Over Draft (OD) | Details | ||||||||||
| Processing Fee | Up to 3% on sanctioned amount + applicable taxes | ||||||||||
| Repayment/EMI Bounce Charges |
| ||||||||||
| Penal Charge/Late Payment Charge (LPC) | 2% per month (p.m.) on overdue EMI + applicable taxes *LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec 2023 *Taxes applicable on LPC w.e.f.1st April 2024 | ||||||||||
| Part Prepayment Charges | NIL, Part - prepayment of Loan will not amount to limit reduction. | ||||||||||
| Annual Maintenance Charges (AMC) (for Dropline Overdraft) | 0.5% + GST if applicable, on the Dropline limit starting on the 13th Instalment and every anniversary thereafter | ||||||||||
| Annual Maintenance Charges (AMC) (for Hybrid Overdraft) | No upfront charges/Zero charges at the time of disbursement for
the Hybrid Limit. 0.5% + GST (if applicable), on the Hybrid Limit as on the 13th Instalment & every anniversary thereafter | ||||||||||
| Legal /Recovery Charges | As per actuals | ||||||||||
| Foreclosure Charges | Foreclosure not allowed till 6 months from Disbursement: After 6 months of disbursement: 5% + GST if applicable on Dropline/Hybrid limit amount on the date of such foreclosure Prior to 6 months of disbursement: 10% + GST if applicable on Dropline/Hybrid limit amount on the date of such foreclosure | ||||||||||
| Repayment Swap Charges (per swap) | ₹ 500/- + applicable taxes | ||||||||||
| Charges for documents like Statement of Account/Repayment Schedule/Foreclosure Letter/No Dues Certificate/Interest Certificate | Nil for digital copy. Charge for paper copy is ₹ 500/- +GST per statement/letter/ certificate. |
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