Interest Rate and APR Calculator

Interest Rates:

 

ProductMinimumMaximumMean
Working Capital Loans Repo + 3.25% Repo + 10% Repo + 4.41%

 

Note:

  • The range of interest rates provided above is with respect to individual loans disbursed during Quarter-IV FY 2022.
  • Mean rate = Sum of rate of all loan accounts / Number of all loan accounts

 

Applicable Fees and Commission:

 

Nature of ChargesTypes of ChargesDetails
Service Charges Processing Fee Up to 2% (plus applicable taxes) of the facility amount
Legal Fee Legal fee to be charged as per the facility terms and conditions
Valuation Fee Valuation fee to be charged as per the facility terms and conditions
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
Penal Charges Irregular due to drawings beyond Drawing Power/ Limit 2% over the Document rate
Payment default 2% over the Document rate
Non–compliance of sanction terms pertaining to security creation For the first 15 days of delay: Nil
Delay > 15 days: 1% p.a
Non-compliance of sanction terms pertaining to Stock Audit, Book Debt Statement and Stock Statement For facility amount:
1)≤ ₹50.0mn: ₹5,000/-per type of compliance pending at month end
2)> ₹50.0 mn up to ₹100.0 mn ₹10,000/-per type of compliance pending at month end
3)> ₹100.0 mn: ₹25,000/-per type of compliance pending at month end
Breach of financial covenants For the first 15 days of the breach: Nil
Breach continuing beyond 15 days: 1% p.a
Commitment charges Commitment charges to be charged as per the terms and condition mentioned in the sanction letter/intimation letter

 

Annual Percentage Rate:

 

The Annual Percentage Rate (APR) is a method to compute annualised credit cost, which includes interest rate and processing fee.

To calculate the same, please click here to download the APR calculator.