Required Particulars for SME Credit Scheme

Interest Rate, Fees, Charges & Commission:

Interest Rate 10% to 19% p.a.
Up front Interest Negotiable
Penal Interest 3% p.a. on overdue amount
Documentation Charge At actual plus VAT
Cheque dishonoring charge As per Bank Schedule (if required in future)
Security Replacement Fee As per PPG (including Guarantor)
Legal Fee At actual plus VAT (if required)
Asset Valuation Fee At actual plus VAT (if required)
Early Settlement Fee 1st quarter of loan tenor: 2%, 2nd quarter of loan tenor: 1.75%, 3rd quarter of loan tenor: 1.50%, 4th quarter of loan tenor: 1.25% (if required in future), In case of repeat loan no ESF will be imposed.
Reminder Fee As per PPG
CIB Collection Fee As per Bank Rule
Reschedule Fee As per PPG (if required in future)
Account Statement Charge As per Bank Schedule (if required in future)


Basic Required Documents:

  • Last twelve months' sales statements.
  • Last twelve months' bank statements.
  • Valid Trade License of last two years.
  • National Voter ID/ Passport of the borrower.
  • Photographs of the borrower and the guarantors.
  • All other required documents as applicable and fit for the case.