| Type of Fee | Applicable Charges | ||
|---|---|---|---|
| Leasing | Equipment Finance/Commercial Finance | Working Capital Finance | |
| Indicative Interest Rate Range (p.a.)** | 11.0% – 25.0% | 11.0% – 25.0% | 11.0% – 25.0% |
| Benchmark Lending Rate | 22.92% | ||
| Processing Fees/ Documentation charges | All processing fees/ documentation charges recovered shall be expressly stated in the Loan Agreement/Facility Documents. These would be based upon the customer segment, exposure limit , class of asset financed, expenses incurred in loan processing in a particular geographical location etc. rendering services to the customers. | ||
| Cheque / NACH mandate dishonour charges (per instance) | INR 1,000+Taxes | ||
| Penal Charges | upto 3.5% per month on overdue amount | ||
| Prepayment/Foreclosure Charges | For Loans and Working Capital limits: 4% to 6% on the amount prepaid including takeover of facility by any Bank / NBFC / FI etc. For Leasing – As expressly stated in the Facility documents/Sanction letter |
||
Note:
1. The rate may fall outside the range indicated above in certain circumstances guided by risk assessment of the client.
2. **With effect from 15-Dec-2022