|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
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