Generic Banner

Schedule of Charges

Interest Rates, Charges, Fees and Commission

Nature of ChargesDetails

Processing Fees

Secured facilities : Up to 1% (plus applicable taxes) of the facility amount
Unsecured facilities : Up to 2% (plus applicable taxes) of the facility amount

Interest Rate p.a.

For Secured facilities: Up to Repo Rate +6.5%(Non PSL)
Facilities under CGTMSE and Stand up India scheme : Up to Repo Rate +7.10% (PSL and Non PSL cases)

For Unsecured facilities : Fixed rate : Up to 17%

The interest rate for each loan is determined based on the assessment of business, financials, loan amount and tenure.

Stamp Duty and other statutory charges

As per applicable laws of the state

Commission on Letters of Credit and Bank Guarantee

Up to 2% p.a. commission shall be charged on pro-rata basis based on the tenure and the amount of non-fund based facility being availed

Commitment Charges

Commitment charges to be charged as per the terms and condition mentioned in the sanction letter