Required Particulars for SME Credit Scheme
Home>> Required Particulars for SME Credit Scheme
Interest Rate, Fees, Charges & Commission:
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Interest Rate |
9% p.a. |
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Up front Interest |
Negotiable |
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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) |
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Legal Fee |
At actual plus VAT (if required) |
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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. |
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Reminder Fee |
As per PPG |
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CIB Collection Fee |
As per Bank Rule |
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Reschedule Fee |
As per PPG (if required in future) |
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Account Statement Charge |
As per Bank Schedule (if required in future) |
Basic Required Documents:
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Last twelve months' sales statements.
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Last twelve months' bank statements.
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Valid Trade License of last two years.
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National Voter ID/ Passport of the borrower.
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Photographs of the borrower and the guarantors.
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All other required documents as applicable and fit for the case.
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