Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.

Loans against Securities Interest Rate

9% to 18% per annum is the floating rate of interest. This is linked to the SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.) retail prime lending rate which is currently at 20.40%.

Loan against Securities Fees & Charges

These are our fees and charges for loan against securities to help you plan in great detail

Charge Type


Processing Fees

Up to 3% of the Loan Amount

Stamp Duty/Registration

At applicable rates (as per relevant State Laws)

Pledge creation/release/invocation charges*

INR 50/- per security

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/-

Delayed EMI Payment/ Interest Payment

24% per annum on outstanding balance which is overdue, calculated on day to day basis

Under-utilization charges

0.25% of the difference between actual average utilization maintained for half-year of each financial year and 25% of the average operating limit, subject to a minimum of INR 1,250/- chargeable on a half-yearly basis.

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

INR 500/-

Prepayment charges** (Not applicable for Overdraft facility)

(Note: In case of Floating Rate Interest, Prepayment charges will not be applicable where all the borrowers and guarantors are individuals)

Nil for Overdraft facility

Annual Maintenance/Renewal Charges

INR 1000/- per crore of sanctioned facility amount, subject to a minimum of INR 1,000/-

* Applicable for Securities in demat form
** For any other facility pre-payment would attract charges of an amount not exceeding 2% of the prepaid loan amount or such other amount as may be specified by SMICC in the sanction letter or otherwise from time to time.

  • Note:
    • The above charges may be modified by SMFG India Credit without notice in case prescribed by any of the regulatory authorities and with due notice or intimation in any other scenarios through any of the communication process mentioned in the Agreement.
    • All the charges indicated above or elsewhere in the Facility Agreement shall be exclusive of all taxes and statutory levies as may be applicable from time to time on the same without limitations to tax on goods and services and cess.