Secured Business Loan - Schedule of Charges
PARTICULARS | CHARGES | PARTICULARS | CHARGES |
|---|---|---|---|
| Bounce charges/ Instruction Revocation charges / Dishonor charges | Rs. 500/- per bounce | Loan statement charges | Rs. 250/- |
| Cheque Swapping charges | Rs. 500 /- per swap | Stamp Duty Charges | As per actual amount plus handling charges |
| Foreclose Statement Charges | Rs. 2,000/- | Duplicate NOC issuance charges | Rs. 1,000/- |
| Valuation Charges | Upto Rs. 2500/- | Legal and courier charges | Rs. 1,000/-, once in whole tenor, if collection charges are levied |
| Collection Charges | Rs. 250/- if delay in deposit of EMI by more than 14 days from the due date | Late Payment charges | 3% per month of Amount Due (Overdue EMI) |
| RTGS/NEFT Charges | Rs. 100/- on every RTGS/NEFT transaction of disbursement | Loan Cancellation charges | Upto Rs. 15,000/- |
| Collection visit charges | Rs. 250/- per visit upto 2 Times in a month | Prepayment/foreclosure charges | 5% of principal outstanding |
| NACH rejection charges | Rs. 1000/- once in whole tenor post rejection of NACH mandate | Part prepayment charges | 5% of the part principal prepaid |
| Processing Fee | Upto 4% of the sanctioned amount | SMS alert charges | Rs. 15/- per quarter |
| Legal charges | Upto Rs. 2500/- | Login Fees | Rs. 2000/- |
| Any regulatory/ statutory reporting charges | As per actual amount | Default Period Interest | Interest on Amount due (Overdue EMI) at the contracted rate of interest till such default is cured by the Borrower |
| Other Charges* | As per actual amount | - | - |
| Revalidation of NOC | Rs. 500/- | - | - |
| 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.
- Upon the customer’s request and with their consent, the Company shall deduct the following amounts from the customer’s disbursal: Loan Suraksha Premium/Insurance Premium/ Health Assistance Programme – Will be as per actual amount.
