Interest Rates and processing charges will be effective on all working Capital Limits sanctioned or renewed or disbured after 15.09.2014 for the limits sanctioned before 15.09.2014 and disbured on after 15.09.2014 the borrower shall have to pay additional proposal processing charge to avail of the benifit of new rate of interest. In case of term loans sanctioned and disbursed on or after 15.09.2014, new ROI will be applicable.
Processing Chages : For New and renewal cases, and all adhoc and temporary limits.
for advances up to Rs.5/- lacs
Above Rs.5/- lacs to Rs.25/- lacs
Above Rs.25/- lacs to Rs.100/- lacs
0.50% of the Loan
Above Rs.100/- lacs
Rs.50,000/- plus 0.20% of additional limit Sanctioned above Rs.1 crore Maximum Rs 3/- Lacs
For Renewals the charges will be 50% of charge prescribed above
Service Tax on above charges should be removed without fail.
Take over rebate of 1% on advances being taken over from other banks will be countinued as per circular no.13-2014.15 dated 07-06-2014.