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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 ₹5000 | |
| Stamping Charges | At Actuals | |
| Credit Administration Charges | Upto ₹2000/- | |
| Loan Cancellation Charges | ₹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 | ₹750 plus applicable taxes | |
| Swap Charges (Replacement of PDCs) | ₹500 per Swap per Instance | |
| Duplicate Issue of NOC | ₹500/- plus applicable taxes | |
| Charges applicable in case customer requests for copies of records pertaining to his transactions (SOA / Amortization Schedule) | ₹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 - For TDF | No pre-payment charges shall be levied if the borrower intimates the Bank of his/ her/ its intention not to renew the facility , at least 30 day before due date as stipulated in the loan agreement, provided that the facility gets closed on the due date (applicable for Both Fixed & Floating rate loans) | |
| 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 | ₹1,000/- | |
| Repossession Charges | Min ₹15000 or actual + Taxes as applicable whichever is higher | |
| Duplicate Foreclosure Statement Charges | ₹500/- plus applicable taxes | |
| Rebooking of Loans (due to change in borrowing structure, change of property / Asset / Collateral etc.) | ₹2,500/- plus applicable taxes | |
| Change in Installment Due Date | ₹1,000/- plus applicable taxes | |
| Legal / Incidental Charges* | Min.₹5,000 or at actuals | |
| Loan assignment charges | 2% of Principle O/S or ₹5000/- which ever is less plus applicable taxes | |
| Notes: | ||
| 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 | ||
| For priority sector loans up to ₹50,000, loan related charges (including guarantee fees of credit guarantee schemes) and ad hoc service charges/inspection charges are not applicable. In the case of eligible priority sector loans to SHGs/JLGs, this limit is applicable per member and not to the group as a whole. | ||
