Micro Enterprise Loan Fees & Charges

Schedule of Charges

Loan Processing Fees	Up to 2% of the Sanctioned Amount + GST
EMI Bounce Charges per presentation	7.5% of the EMI outstanding + GST (minimum - Rs 400+GST; maximum - Rs. 1000+ GST)
Penal Charges	2% per month of Unpaid EMI or 300/- (Whichever is Highest)
Cheque Swap Charges (per swap)	Rs. 500/- + GST
Foreclosure Charges	4% of the principal outstanding amount + GST for customers and for medium tagged customers. For Micro & small tagged applications – Nil charge
Stamping Charges	As Per Actuals
Rate of interest	12%-28.5%
Average Credit TAT	14 working days for MSME tagged applications subject to submission of all documents as required by the Bank.
EMI Pick-up/collection charges	Rs 500/- + GST
Foreclosure lock in period	180 days
Prepayment charges	4% of the principal outstanding amount + GST for customers and for medium tagged customers. For Micro & small tagged applications – Nil charge
Other facilitation charges	As per actuals

The above schedule of charges is also applicable for all loans under PM Svanidhi