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| Type of charge | Charges |
|---|---|
| Interest Rate | Min : Prevailing MCLR Or Reference Rate |
| Max : 30% | |
| Service Charges | Upto 3% of Loan amount |
| Documentation Charges | Upto Rs. 5000 |
| Stamping Charges | At Actuals |
| Credit Administration Charges | Upto Rs. 2000/- |
| Loan Cancellation Charges | RS 2500 per agreement |
| Penal charges | Amounts standing unpaid on respective due dates shall attract penal charge at 8% per annum (to be charged for actual no. of days) on overdue amount plus applicable taxes. |
| Dishonour Charges Per Instance | Rs. 750 plus applicable taxes |
| Swap Charges (Replacement of PDCs) | Upto Rs. 500 per Swap per Instance |
| Duplicate Issue of NOC | Rs. 500/- plus applicable taxes |
| Charges applicable in case customer requests for copies of records pertaining to his transactions (SOA / Amortization Schedule) | Rs. 500/- plus applicable taxes |
| Pre-payment Charges for Individual - (Fixed rate of interest) | 4% Pre-payment charges or 2% Part Pre-Payment* charges are applicable on the amount being Prepaid in case of non-revolving loans/facilities. |
| Pre-payment charges for MSE - Fixed rate of interest > Rs 50 Lakhs | 2% Pre-payment charges/ Part Pre-payment* charges are applicable on the amount being Prepaid in case of non-revolving loans/facilities and in case of revolving loans/facilities,on an amount not exceeding the sanctioned limit. |
| Pre-payment charges for Medium - Fixed rate of interest (Non-Individual) | 4% Pre-payment charges or 2% Part Pre-Payment* charges are applicable on the amount being Prepaid in case of non-revolving loans/facilities and in case of revolving loans/facilities,on an amount not exceeding the sanctioned limit. |
| Pre-payment charges for Others - Fixed rate of interest (Non individual borrowers, Companies etc) | 4% Pre-payment charges or 2% Part Pre- Payment* charges are applicable on the amount being Prepaid in case of non-revolving loans/facilities and in case of revolving loans/facilities,on an amount not exceeding the sanctioned limit. |
| No Pre-Payment charges ( other than Individual) | In case of Cash Credit/ Overdraft facilities, No Pre-payment charges shall be levied if the borrower intimates the Bank of its intention of not to renew the facility before 30 days (prior to due date), provided that the facility gets closed on the due date |
| No Pre-Payment charges for MSE< 50 lakhs - Fixed rate of interest | No Pre-Payement charges shall be applicable to MSE (Micro and Small Enterprise) in case of closure of fixed rate loans up to sanctioned limit of INR 50.00 lakh. |
| Valuation Charges for Used/RF Vehicles | Rs 1,000/- |
| Repossession Charges | Min 15000 or actual + Taxes as applicable whichever is higher |
| Duplicate Foreclosure Statement Charges | Rs. 500/- plus applicable taxes |
| Rebooking of Loans (due to change in borrowing structure, change of property / Asset / Collateral etc.) | Rs. 2,500/- plus applicable taxes |
| Change in Installment Due Date | Rs. 1,000/- plus applicable taxes |
| Legal / Incidental Charges* | Min. Rs. 5,000 or at actuals |
| Loan assignment charges | 2% of Principle O/S or 5000/- which ever is less plus applicable taxes |
| Taxes as applicable | |
| "Blank / -" denotes that these charges are not applicable to the concerned business division | |
| *For Part Pre Payment - max 2 times a year | |
