Loan Against Securities Interest Rate

Charge Type

Amount

Processing Fees

Up to 2% of the Loan Amount

Stamp Duty/Registration

At applicable rates (as per relevant State Laws)

Liquidation Charges*

0.25% of value of securities liquidated

Cheque / ACH / ECS dishonoured Charges (per dishonour of cheque/ACH/ECS per presentation)

Note: The Cheque/ECS/ACH/Direct Debit dishonour charges as referred to above are not compensatory and/or to be construed as any form of consideration towards the act of dishonour and in no ways should the same be construed as fees recovered under this facility. It is abundantly clarified that SMFG India Credit does not tolerate dishonour of instruments and/or deposit of an invalid, fake or unworthy instrument issued towards meeting payment obligations under this facility and any charges collected thereof are not intended to compound such acts of dishonour. Notwithstanding any charges collected hereof SMFG India Credit reserves its right to invoke appropriate civil and criminal laws.)

INR 1000/-

Late Payment Charges

2% per month (24% per annum) on the overdue amount calculated on day-to-day basis, payable from the relevant due date till date of actual payment

Loan Cancellation Charges

Not Applicable

Swap Charges- for replacement of ACH/ECS to ACH/ECS (per instance)

INR 500/-

Prepayment charges

Not Applicable

Annual Maintenance/Renewal Charges

INR 1000/- per crore, subject to minimum of INR 1000/- and maximum of INR 10,000/-