Secured Business Loan - Schedule of Charges
PARTICULARS | CHARGES | PARTICULARS | CHARGES |
|---|---|---|---|
| Bounce charges/ Instruction Revocation charges / Dishonor charges | Rs. 500/- per bounce | Loan Suraksha premium | As per actual amount |
| Cheque Swapping charges | Rs. 500 /- per swap | Loan statement charges | Rs. 250/- |
| Foreclose Statement Charges | Rs. 2,000/- | Stamp Duty Charges | As per actual amount plus handling charges |
| Valuation Charges | Upto Rs. 2500/- | Duplicate NOC issuance charges | Rs. 1,000/- |
| Collection Charges | Rs. 250/- if delay in deposit of EMI by more than 14 days from the due date | Legal and courier charges | Rs. 1,000/-, once in whole tenor, if collection charges are levied |
| RTGS/NEFT Charges | Rs. 100/- on every RTGS/NEFT transaction of disbursement | Late Payment charges | 3% per month of Amount Due (Overdue EMI) |
| Collection visit charges | Rs. 250/- per visit upto 2 Times in a month | Loan Cancellation charges | Upto Rs. 15,000/- |
| NACH rejection charges | Rs. 1000/- once in whole tenor post rejection of NACH mandate | Prepayment/foreclosure charges | 5% of principal outstanding |
| Processing Fee | Upto 4% of the sanctioned amount | Insurance payable charges (if any) | As per actual amount |
| Legal and technical charges | up to 2500/- on each property | Part prepayment charges | 5% of the part principal prepaid |
| Any regulatory/ statutory reporting charges | As per actual amount | SMS alert charges | Rs. 15/- per quarter |
| Other Charges* | As per actual amount | Login Fees | Rs. 2000/- applicable except IBT cases |
| Revalidation of NOC | Rs. 500/- | Default Period Interest | Interest on Amount due (Overdue EMI) at the contracted rate of interest till such default is cured by the Borrower |
| Delay in Hypothecation | In the event the customer does not hypothecate/ mortgage security within 7 days from the date of disbursement of loan, the Company shall charge INR 30 per day (post expiry of 7 days) till the time such hypothecation/ mortgage is registered in favour of the Company and intimated or updated in the records of the Company. | - | - |
Note:-
- Applicable GST charges shall be levied as per the statutory requirement.
- *The Company shall be permitted to levy any other charges in the nature of reimbursement from the customer like legal charges, valuation charges etc. including applicable taxes. The Company may levy any additional charges on cases to case basis as defined in the term of agreement.
