Loans & Advances |
Charges |
Supply of Application Forms |
|
| Business Loan/ CC Application |
Rs. 50 |
| Loan Application for Micro & Small Enterprises |
Free |
| Renewal Applications |
Free |
| Other Loan Application |
Rs.25/- |
| Loan Application for Loan / OD against Deposits |
FREE |
Processing Charges. ( to be collected upfront)
|
|
(Note: Processing charges are applicable for all new loans & advances inclusive of Non-Fund based facilities other than loan / overdraft against deposits)
|
Rs.250/- per lac or part thereof subject to minimum of Rs.100/- & maximum of Rs.25,000/- to be adjusted from the incidental charges at time of disbursement |
| No processing charges for loans upto Rs.5 lac if the loan is not sanctioned in respect of Micro and Small Enterprises. |
|
| |
Incidental Charges
|
For all loans & advances other than non-fund based facilities and loan / overdraft against deposits and Housing Loans.
Expenses pertaining to inspections outside the State of Registration shall be borne by the loan applicant / borrower. |
0.65% (of amount sanctioned and/or disbursed inclusive of processing charges, subject to maximum of Rs.10 lacs. |
| For Housing Loans |
0.50% of amount sanctioned and / or disbursed. |
| Renewal of CC/OD/VOD (except against term deposit) |
0.20% p.a. on the limit subject to maximum of Rs.1,00,000/- |
| Conversion of existing C. C. Limit into Working Capital Term Loan |
0.20% p.a. on the limit/balance converted subject to maximum of Rs.1,00,000/- |
| Adhoc Sanction Limit |
0.65% on prorata basis subject to minimum of Rs.250/- |
| Extension of validity period of CC Limit |
0.20% p.a. on the limit on prorata basis. |
| Penal interest on Overdue amount |
2% p.a. |
| |
|
| Notice to Defaulters of Loans / Cash Credit |
|
N-1 Notice (only to borrower) |
|
Upto Loan of Rs.2 Lakh
Above Loan of Rs.2 Lakh |
Rs.25/-Rs.50/- |
| N-2 Notice (original to borrower & copy to sureties) (UCP) |
|
| Upto Loan of Rs.2 Lakh |
Rs.40/- per copy maximum of Rs.160/-. |
| Above Loan of Rs.2 Lakh |
Rs.75/- per copy maximum of Rs.300/-. |
| N-3 Notice (original to sureties & copy to borrower) |
|
| Upto Loan of Rs.2 Lakh |
Rs.50/- copy maximum of Rs.200/-. |
| Above Loan of Rs.2 Lakh |
Rs.100/- per copy maximum of Rs.400/-.. |
| N-4 Notice (Typed) [Borrower & Sureties] (Regd. AD) |
|
| Upto Loan of Rs.2 Lakh |
Rs.250/- |
| Above Loan of Rs.2 Lakh |
Rs.500/- |
| Advocate’s Notice |
|
| Upto Loan of Rs.2 Lakh |
Rs.250/- + Rs.50/- per copy each to sureties. |
| Above Loan of Rs.2 Lakh |
Rs.500/- + Rs.100/- per copy each to sureties. |
| Charges for visit to defaulted borrower (for not more than 2 visits per month) other than cash credit monitoring. |
Rs.100/- OR Actual expenses whichever is HIGHER maximum Rs.150/- per visit |
| Note: No Notice charges for
office copy |
| |
|
Loan against Vehicles |
|
| Issue of NOC to RTO for passing or renewal of Autorickshaw/Taxi permits |
Rs. 25 |
| Vehicle Seizure Charges |
Actual |
| Parking Charges at Branch premises |
| a) Light motor vehicle/2 wheeler/ 3 wheeler |
Rs. 25 per day at Bank premises or actual in other cases |
| b) Heavy vehicle |
Rs. 50 per day at branch branches, actual in other cases |
Pre-closure Charges:
Pre-closure of term loans through other Banks and / or Financial Institutions. |
2% of the outstanding amount as on the date of closure
|
