Commercial Lending

Types of fees

Charges applicable

Rate of interest

7% - 13.25% per annum

For ECLGS: Rate of interest per annum is in the range of 7% - 13%

For ECLGS loans Max ROI will be capped at 13% and same will be applicable for the entire loan tenure.

Processing fee

Up to 2.36% of the loan amount (inclusive of applicable taxes)

Prepayment charges

Full prepayment 

As per agreed sanctioned terms of any facility: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment

Part prepayment

Up to 4.72% (inclusive of applicable taxes) of the outstanding amount of loan prepaid on the date of such part prepayment. 

Note: If the primary borrower is individual or Micro & Small Enterprises (MSEs) with or without co-borrower and loan is availed on floating rate of interest, then there will be no foreclosure/part prepayment charges applicable, irrespective of the source of funds used for pre-payment of loans, either in part or in full, and without any minimum lock-in period 

Bounce charges

Rs. 3000/- per bounce.

“Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason.

Penal charge

Delay in payment of instalment(s) shall attract penal charge at the rate of up to 4% p.a. per annum over and above the prevailing rate of interest per instalment from the respective due date until the date of receipt of the full instalment(s) amount, along with late payment interest (prevailing rate of interest on the entire overdue instalment amount 

For breach in any other sanctioned terms and conditions (Including PDD/Covenants, LEI non submission, Delay in opening of Escrow account etc.) – Interest rate of the loan availed/outstanding to be increased by 2% p.a. till the time the breach is compiled/perfected 

Stamp duty (as per respective state)

Payable as per state laws and borne by the Customer.

Discounting charges/upfront interest/front ended interest

7% - 13.25% per annum

Legal charges

Recovery of charges

Valuation charges

As applicable at actuals

Brokerage charges 

As applicable at actuals 

Pledge confirmation charges 

Up to Rs. 59 per ISIN (inclusive of applicable taxes) 

Pledge invocation charges 

0.02% (Minimum Rs. 65 and maximum Rs.1186) (inclusive of applicable taxes) + Stamp duty as applicable by depository participant 

Lien charges 

Up to Rs. 590 (inclusive of applicable taxes) per lien 

Un-lien charges 

Up to Rs. 590 (inclusive of applicable taxes) per lien