| Charge type - SME | Details |
|---|---|
| Processing Fees | Upto 2.5% on sanctioned amount + applicable taxes |
| Repayment Bounce Charges | ₹ 500/- +applicable taxes if any |
| Late Payment Interest | 2% per month on overdue EMI |
| Part Prepayment Charges applicable in case of Term loan / Dropline Overdraft | • Term Loan:Not allowed till 6 months from disbursement 2% + GST, if applicable on total part-prepayment amount. • Dropline Overdraft: No charges applicable. Part - prepayment of Loan will not amount to limit reduction |
| Annual Maintenance Charges | 0.5% (+GST, if applicable) of the loan amount as per the Repayment Schedule. |
| Legal /Recovery Charges | As per actuals |
| Foreclosure Charges- Term Loan / Dropline Overdraft | • Not allowed till 6 months from disbursement. • After 6 months – 5% + GST, if applicable, on outstanding loan on the date of such full pre-payment |
| Statement of Account / Repayment Schedule / Foreclosure Letter / No Dues Certificate / Interest Certificate | Physical copy at a charge of ₹ 500/- +GST per statement/letter/certificate |
| Repayment Swap Charges (per swap) | ₹ 500/- +applicable taxes |
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Our SME Loans offer a hassle-free, end-to-end digital process so that you can spend your time and efforts growing your business.
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1. Why LTF Business Loan?
2. What is the maximum tenure under Practice Loan?
3. What is the loan amount that can be sanctioned?
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