Loan Against Securities Interest Rate

Charge Type

Amount

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/-