Fees and Charges

Processing Fees
Loan Processing Charges*

Maximum of 1% of loan amount (* Minimum PF of ₹7500)

Pre-payment/Part payment charges 
No prepayment charges shall be applicable for part prepayment once during a financial year only if the amount being prepaid does not exceed 25% of the principal amount outstanding at the time of such prepayment.

2.5% + Goods and Services Tax (GST) of principal outstanding being prepaid or at such rates as decided by the Bank if the amount being prepaid is more than said 25%. Charges shall be applicable on the amount in excess of said 25%.

Individual Borrowers

No prepayment charges shall be applicable for part payment on floating rate term loan sanctioned for purposes other than business to individual borrowers with or without co-obligant(s).

MSE Borrowers

No prepayment charges shall be applicable for part payment on floating rate loans to Micro and Small Enterprise (MSE) Certified borrowers if loan is closed from Own Source of Funds.

Pre-Mature Closure Charges 

Premature closure charges
Floating rate term loan availed by Individual borrowers for Business Purpose 2.5 % of the Principal Outstanding
>60 months after the disbursement of the Loan – NIL Charges
Floating rate term loan availed by Individual borrowers for End Use other than Business Purpose NIL
Floating rate term loans availed by Micro, Small Enterprises and Closure from Own Source* NIL
Floating rate term loans availed by Micro, Small Enterprises and Closure Through Takeover by any financial Institutions 2 % takeover charges of the Principal Outstanding
>60 months after the disbursement of the Loan – NIL Charges
Floating Rate term loans availed by Non Individual borrowers* Maximum of 2.5% of the Principal Outstanding.
>60 months after the disbursement of the Loan – NIL Charges
Delayed Instalment payment Charge A maximum of 18% P. A. on overdue instalment amounts.
Payment Return Charges ₹450
Repayment schedule charges* ₹50 per instance
Repayment mode change charges* ₹500
Custody charges ₹1000 per month for non-collection of collateral documents beyond 60 days, from date of closure of all loans/facilities linked to the collateral.
Revision in spread 0.1% of Principal Outstanding OR ₹5000 whichever is higher Per proposal
Legal/Repossession & Incidental charges At actuals
Stamp Duty & other statutory charges As per applicable laws of the state
Conversion charges for Change in Reference rate (BPLR/ Base rate/MCLR to Policy Repo Rate (for existing customers) NIL
Penal Interest for Non Adherence of ESCROW Account (as per sanction terms and conditions) 2% p. a additional on existing ROI (Applicable in LARR cases only )
Penal Interest charged for non-complying with sanction terms 2% per annum additional on existing ROI- (Charged on monthly basis)
Subject to a Max of Rs 50000
CERSAI Charges ₹100 for each property
Property Swapping / Partial property Release* 0.1% of the loan amount.
Min – ₹10,000. Max of ₹25000 per property
Document Retrieval charges post Disbursement* ₹75 per document set. (Post disbursement)