| Processing Fees |
Upto 1% (plus taxes) of the facility amount or Rs 7500/- (plus taxes) whichever is higher
Rs 5000/- (plus taxes) will be collected upfront as non-refundable administrative cost towards the legal and valuation expenses incurred prior loan sanction. For Shopkeeper Loan (unsecured): Upto 2% (plus taxes) of the facility amount.
No Processing Fee & Renewal Fee will be charged for the cases worth CAM value upto Rs.5 lacs. |
| Renewal Fee |
Upto 1% (plus taxes) of facility amount. |
| Stamp Duty & other statutory charges |
As per actuals which are applicable in laws of the state |
| Issuance of No Due Certificate / No Objection Certificate (NOC) |
No charges for original however for duplicate NOC, Rs 250/- (plus taxes) are applicable. |
| ROC filling charges (On customer request) |
Vendor professional charges + MCA fees + GST Vendor professional fees of Rs 2250 and MCA fees are as mentioned : 0- 30 days Normal Fees Rs 600 , 31- 60 days bucket Additional Fees Rs 4200/-, 61 to 120 days Advalerom Fees 0.05% of Exposure Amount Plus 18% GST on professional fees
Customers may also avail services of other vendors as per their convenience. |
| Issuance of Solvency certificate |
1% of the solvency certification value subject to minimum of Rs 1,000 (plus taxes) and maximum of Rs 25,000 (plus taxes) |
| Commission on LC/BG issuance |
Upto 1.8% on LC/BG Amount (plus taxes) |
| Service Charges - for processing Physical Stock Statement. |
Rs. 500 for every physical stock statement collected or submitted.
(Stock statement submitted digitally i.e. through email/Online will not attract any charges) |
| Conversion Charges (For revising rate of interest) |
0.25% plus taxes as applicable on loan outstanding in case of Term loan and on sanctioned amount for other Working Capital Facility (e.q. Cash Credit / Overdraft etc.) or Rs. 5,000 plus taxes as applicable, whichever is higher |
| Stock Audit Charges |
For Sanctioned Limits upto Rs. 5 Crs: Rs.8,000/- plus taxes as applicable
For Sanctioned Limits above Rs.5 Crs: Rs.12,000/- plus taxes as applicable
**For the customers having multiple locations, stock audit charges to paid/recovered according to the number of visits to factory, office, godown etc. |
| Commitment Charges |
if Average Utilization>= 60% then no charges, If Average utilization is < 60% then 0.50% per annum on the difference between actual utilization and expected average quarterly utilization i.e. 60%.
These Charges will be levied on a quarterly basis (plus taxes)
Applicable only for CC/OD facility |
| Late payment penalty on delayed payment of EMI- Term Loan |
24% per annum (plus taxes) on the overdue EMI amount |
| Legal / Valuation |
Upto Rs. 20,000/- (plus taxes) Per property will be collected towards the valuation expenses and up to Rs. 7500/- (plus taxes) Per Property towards legal expenses. |
| EMI bounce charges for term loans |
Rs 550 (plus taxes) Per EMI bounce |
| Cersai Charges for creation / modification of security interest on collateral securities. |
Rs. 500 +GST |
| Takeover charges |
Up to 4% of loan Principal outstanding for Term loan and 4% of the sanctioned amount for Working Capital Facility (plus taxes). Micro & Small Enterprises as defined under MSMED Act 2006 are exempted irrespective of the limits/out standings. However, if a loan is taken over by other Banks/FIs, up to 2% takeover charges will be applied |
| EMI bounce charges for term loans |
INR 450 (plus taxes) Per EMI bounce |
| Late payment penalty on delayed payment of EMI- Term Loan |
24% per annum (plus taxes) on the overdue EMI amount |
| Penal charges on customer exposures, overdue for renewal of credit facilities |
0.075% fortnightly |
| Penal charges for customers not submitting the Letter Acknowledging their Debt (LAD) |
@18% from the date of LAD overdue, subject to a minimum of Rs.2500 per month. |
| Incremental charges on Temporary overdrafts (TOD) |
18% p.a. on TOD amount availed for the days, TOD is used. |
| Non-Submission of property/stock/Plant & Machinery insurance |
0.075% fortnightly |
| Non-Submission of stock statement |
0.05% of DP per Month |
| Maintaining Current Account with Other Bank while facility is granted under Sole Banking (Applicable where specific permission is not taken by the customer) |
0.075% fortnightly |
| Not complying with documentation for the credit facility. |
0.075% fortnightly |
| Intra-Day Peak utilization charges |
EEG/RBG – Nil
BBG/HCF - 18% per annum on the excess utilization over and above the set limit. |
| Additional Interest |
Charged @ 18.00% p.a. for overdue / delay / default of any monies payable
Service Tax and other Government taxes, levies etc. applicable as per prevailing rate will be charged over and above the Fees and Charges
Loan at the sole discretion of HDFC Bank Ltd.
* Floating rates are linked to Repo as declared by RBI from time to time. Such loans/ facilities are reset at 3 month frequency
** All Guaranteed Emergency Credit Line (GECL) Products are linked to HB_EBLR rate. |
