| 1. |
Loan Processing Charges |
All the Loans under ARB irrespective product\scheme will be charged with the processing charges of 1% except for the categories coming under exemption list as below.
|
| 2. |
Prepayment Charges |
Nil |
Nil |
1. Partial Pre-payment not allowed upto the completion of 6 months’ term.
2. Over 6 months, partial prepayments are allowed upto a max. of 2 times in a span of 12 months subject to a min. of Rs..25000/=
3. Pre-payment Penalty is nil for partial pre-payments only Total Foreclosure Penalty
1% of (Outstanding Principal + principal repayments during previous 12 months)
|
NIL |
NIL |
NIL |
| 3. |
No due Certificate |
Rs.25/- per certificate and NO charges for Govt. sponsored schemes. |
| 4. |
Solvency Certificate |
Upto Rs.10.00 lakhs - Rs.2000/- and Above 10 lakhs but below Rs.50 lakhs - Rs.3000/- and Above Rs.50 lakhs - Rs.5000/- |
| 5. |
Charges for late payment of EMI |
Penal interest of 2% on overdue amount( Upto Rs.25000/- NIL) |
Penal interest of 2% on overdue amount( Upto Rs.25000/- NIL) |
Cheque Bounce Beyond the grace period of 1 week from due date, penal interest of 24% PA on the overdue amount for the no. of days payment gets delayed Penal interest of 2% on overdue amount( Upto Rs.25000/- NIL) |
Penal interest of 2% on overdue amount( Upto Rs.25000/- NIL) |
Penal interest of 2% on overdue amount( Upto Rs.25000/- NIL) |
Penal interest of 2% on overdue amount( Upto Rs.25000/- NIL) |
| 6. |
Charges for changing from fixed to floating rates of interest |
NA |
NA |
Only floating rate is available |
NA |
NA |
NA |
| 7. |
Charges for changing from float to fixed rates of interest |
NA |
NA |
Only floating rate is available |
NA |
NA |
NA
|
|
Exemptions from collection of Processing Charges
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Advances under National Scheme Servicess as SGSY, SJSRY, PMEGP and all other Govt sponcered schemes
|
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All Priority Sector Advances upto a limit of Rs.25,000/-
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