Retail Loan
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Loan Processing Charges
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For Loans up to and including Rs. 0.25lac.
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No processing fees
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For Loans above Rs. 0.25lac. |
1.00 % of loan amount |
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Upfront fee
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1.00%
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Prepayment Charges
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Rates applicable for Pre - payment / Pre - closure of loans and other credit facilities
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Loans/Credit Facilities with Fixed Rate of Interest
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Particulars
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Pre - payment Penalty/ Pre - Closure Charges
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Term Loans and other credit facilities (OD/CC/PC/BP/DC/FBP) of MSEs up to Rs. 50.00 lacs
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Nil
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Term loans to non-individuals (other than MSE loans up to Rs.50.00 lacs)
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Payment / Closure by own funds: 2.00%
Takeover by other Banks/FIs : 3.00%
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Term loans to individuals
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operative limits (OD/CC/PC/BP/DC/FBP)
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Term Loans and other credit facilities (OD/CC/PC/BP/DC/FBP) of MSEs above Rs. 50.00 lacs
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Loans/Credit Facilities with Floating Rate of Interest
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Particulars
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Pre - payment Penalty/ Pre - Closure Charges
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Term Loans and other credit facilities (OD/CC/PC/BP/DC/FBP) of MSEs
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Nil
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Term loans to individuals for purposes other than business
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UBP/UBD
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Term loans to individuals for business purposes
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Payment / Closure by own funds: 2.00%
Takeover by other Banks/FIs : 3.00%
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Term loans to non-individuals other than MSEs
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Operative Limits (OD/CC/PC/BP/DC/FBP) other than MSEs
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Note: Pre-payment charges in respect of housing loans and other retail loans in the name of individuals , having floating rate of interest, is waived from 16.01.2012
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No due Certificate
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NIL
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Solvency Certificate
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Up to Rs 1.00 lac : Rs.500.00
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Above Rs 1.00 lac upto Rs 10.00 lac : Rs 1000.00
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Above Rs 10.00 lac upto Rs 25.00 lac : Rs 2000.00
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Above Rs 25.00 lac upto Rs 50.00 lac : Rs 3000.00
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Above Rs 50.00 lac upto Rs 100.00 lac: Rs.4000.00
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Above Rs 100.00 lac upto Rs 500.00 lac: Rs.5000.00
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Above Rs 500.00 lac: Rs.10000.00
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Charges for late payment of EMI Penal
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Additional Interest at 2%
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Charges for changing from fixed to floating rates of interest
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Option once exercised cannot be changed
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Charges for changing from float to fixed rates of interest
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Option once exercised cannot be changed
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