| a) |
Penal
Rate applicable on balances overdrawn beyond authorized limits and/or casually overdrawn and/or in arrears: 5% p.a. |
| b) |
Early Repayment Fee (applicable to loans not falling under Borrowers Protection Act): |
| |
- Applicable to mortgage / housing loan |
2% of prepaid loan amount with a minimum of Rs 200 |
| |
- Applicable to all other loans |
1% p.a on amount paid in advance over the residual lifetime of the loan with a minimum of Rs 200. |
| |
- For loans under Borrower Protection Act |
No early repayment fee will be charged upon repayment in advance of the loan amount
|
| c) |
Commitment Fee: For facilities approved but not taken: |
| |
1) For SBM Achiever Loan: |
1% is charged quarterly in advance on any undrawn balance after 3 months as from date moratorium ends |
| |
2) For Mortgage Loans: |
1% is charged quarterly in advance on any undrawn balance after 12 months as from disbursement of 1st tranche. |
| |
3) For Other loans: |
1% is charged quarterly in advance on any undrawn balance after 3 months as from date of sanction.
|
| d) |
Amendment and Cancellation Fee |
Rs300 for loans.
|
| e) |
Ledger Fee payable monthly |
Rs 75 + VAT |
|
|
|
| f) |
Legal charges payable on overdrafts: |
| |
For renewal of OD |
0.5% of amount with a minimum of Rs1,000 and
a maximum of Rs5,000 for personal customers |
|
|
|
| |
|
For Corporate customers:
(a) For facilities up to Rs 5,000,000 - 0.5% of amount with a minimum of Rs1,000 and a maximum of Rs15,000
(b) For facilities above Rs 5,000,000 - as per arrangement |
|
|
|
| g) |
Legal charges for creation of security documents for banking facilities: |
| |
- Up to Rs50,000 |
Rs 1, 000 |
| |
- Above Rs50,000 and up to Rs 100,000 |
Rs 1, 500 |
| |
- Above Rs100,000 and up to Rs 200,000 |
Rs 2, 000 |
| |
- Above Rs200,000 |
1% rounded to the next Rs100 subject to a
maximum of Rs50,000 for retail customers only. |
| |
|
No max for Corporates & SMEs (Excluding Registration Fees) |
|
|
|
| h) |
Master Insurance Policy Premium on Residential Property given as Security :
0.30% p.a. of value of building offered as security in case of fully concrete buildings,
0.50% p.a. of value of building offered as security in case of partly concrete buildings
|
|
|
|
| i) |
Valuation Fees |
Personal & Corporate
0.5% min Rs1,000, maximum
Rs5,000 |
|
|
|
| |
Site Inspection |
Rs300 per site visit |
|
|
|
| j) |
Change of security |
|
|
|
| |
1)Change of Guarantor |
| |
Up to Rs50,000 |
Rs100 |
| |
Above Rs50,000 |
Rs200 |
|
|
|
| |
2) Cession de Priorité |
Rs500 commission |
| |
a) Pari passu request |
Rs500 commission |
| |
b) Other consent letters |
Rs500 commission each |
|
|
|
| |
3)Change requiring fresh documentation |
Rs 500 commission + Government fees |
|
|
|
| |
4) Change in security involving fixed charge by Individuals/Societes/Partnership |
Government fees + Rs 500 commission |
|
|
|
| k) |
Erasure of charges |
Government fees + 200 commission per client
|
|
|
|
| |
i) Renewal of charge |
Government fees + Rs100 commission per charge
|
| |
ii) Partial Erasure |
Rs500 |
|
|
|
| l) |
Temporary increase in OD limit: |
Rs300 per month |
|
|
|
| m) |
Vetting of Title Deeds: |
Rs500 per certificate
|
|
|
|
| n) |
"Quittance Deed and Main levée" |
Rs 500 commission |
|
|
|
| o) |
Other credit facilities margin over PLR |
PLR + 0 % up to PLR + 6.25 % |
