Schedule of Charges - MBL (Secured by Credit Guarantee)
| S. No. | Charges Parameters | Applicable Charges* |
|
1.
| Interest Rate | Minimum: Repo Rate / EBR Maximum: Upto 24% p.a. |
|
2.
| Loan Processing Charges | Upto 3% of loan amount |
|
3.
| Stamping Charges | As per State’s Stamp Act |
|
4.
| Stamping expenses | ₹ 100 (including GST) |
|
5.
| Interest on overdue EMI | At the contracted Rate of Interest (Loan IRR) |
|
6.
| Prepayment / Foreclosure charges | Refer Annexure |
|
7.
| Collection Charges | ₹ 600 per visit |
|
8.
| Cheque/SI/ACH/ECS Return Charges | ₹ 500 |
|
9.
| Statement of Account | ₹ 500 |
|
10.
| Duplicate Amortization / Repayment Schedule | ₹ 500 |
|
11.
| Repayment Instrument Swap Charges | ₹ 1,000 |
|
12.
| Change in Instalment date | ₹ 500 plus difference period interest (ifany) |
|
13.
| Duplicate Copyof Loan Document | ₹ 1,000 |
|
14.
| Provisional / FinalInterest certificate | Nil |
|
15.
| Lender NOC /Solvency Certificate | Minimum: ₹ 10,000 &Maximum: ₹ 50,000 |
|
16.
| ROC filling charges | At actuals |
|
17.
| Cheque / Disbursement / Loan cancelation | ₹ 1,000(within 7 daysof cheque issue date) |
| ₹ 1,000plus interest up to cancelation period | ||
|
18.
| Cash Collection Charges (at thetime Prepayment/foreclosure only, If cash collection is more than Rs 20,000) | ₹ 5 per thousand for cash collection |
|
19.
| Duplicate issue of No Dues Certificate | ₹ 500 |
|
20.
| RCU Charges (as per applicability) | ₹ 750 |
|
21.
| Foreclosure Statement Charges | ₹ 500 |
|
22.
| Legal & Courier Charges | ₹ 1,100 |
|
23.
| Default collection charge | ₹ 600 |
|
24.
| Tele Collection charge | ₹ 40 |
|
25.
| Penal Charges on EMI default | ₹ 0.65 per ₹ 1,000 (or every part thereof) will be charged daily on overdue EMI |
|
26.
| Legal / SARFAESI / Incidental Charges* | |
|
a.
| Arbitration | Upto ₹ 5,100 |
|
b.
| Execution of Arbitration Awards | Upto ₹ 6,800 |
|
c.
| Complaint U/s 138 (NI Act)/25 (PASS Act) | Upto ₹ 6,800 |
|
d.
| Issue of Notice U/s 13(2) of SARFAESI Act | Upto ₹ 11,100 |
|
e.
| Enforcement Action U/s 14 SARFAESI Act | Upto ₹ 17,000 |
|
f.
| Any Other Legal Action taken by or against Bank | At Actuals |
* Chargeable based applicability
Annexure:
| Prepayment Charges for Partial prepayment | ||
| Slab | Applicable Charge* | |
|
a) If paid upto 6 months from last disbursement date
| 5% of Amount which is Partial Prepaid | |
|
b) If paid after 6 months & upto 12 months from last disbursement date
| No prepayment charge to be taken if total amount deposited in FY up to 25% of POS (starting of FY) | |
| 5% of total amount partial prepaid in FY, if sum of all part prepayment crosses the limit of 25% of opening principal in starting of FY. i.e., Charges will beapplicable on the total amount partially pre-paid in the same FY. | ||
|
c) If paid after 12 months from last disbursement date
| No prepayment charge to be taken if amount deposited up to 25% of POS (starting of FY) | |
| 4% of total amount partial prepaid in FY, if sum of all part prepayment crosses the limit of 25% of opening principal in starting of FY. i.e., Charges willbe applicable on the totalamount partially pre-paid in the same FY. | ||
| Prepayment Foreclosure charges for Full closure | ||
|
a) If paid before 12 months from last disbursement date
| 5% of Balance amount at the time of closure | |
|
b) If paid after 12 months from last disbursement date
| 4% of Balance amount at the time of closure | |
Notes:
- Schedule of charges shall be uploaded on AU Small Finance Bank Ltd. website:
https://www.au.bank.in/service-fee - Under the credit guarantee scheme, charges (if any) stipulated by respective regulatory body shall prevail over the above mentioned & will be applicable with immediate effects.
- The above charges are standard, bank may apply charges either as per this schedule or as per bilaterally accepted terms between customer and the bank.
- The above charges are at maximum level, for any discount or waiver on above charges shall be approved by respective authority as per charges approval matrix.
- Part payment will be applied over the Principal outstanding, post adjustment of due EMI and Charges, if any.
- Bank do not levy any loan related and adhoc service charges/inspection charges on priority sector loans up to ₹ 25,000.
- If customer makes part payment in tranches, then the tranche in which total part pre-payments done in FY crosses 25% of POS in the starting of the FY, then prepayment charges will be applicable on all the part payments done earlier in same FY.
- Minimum part payment amount should be equal to 3 EMIs.
- No part payment is allowed in Partial disbursed cases and can be made only in full disbursed cases.
- Default effect will be given on tenure only i.e., tenure will be reduced until written request to give impact on EMI is given by the customer.
- Impact of part prepayment in both EMI & Tenure is not allowed. In exceptional cases, bank can ask for additional/updated documents from the customer along with the submission of supplementary agreement signed by all the customers in the loan with applicable stamp duty & charges.
- The terms and conditions, as defined by AU Small Finance Bank, apply. Please refer www.au.bank.in for Further details.
