Introduction
| Gold Loan | ||||||||
|---|---|---|---|---|---|---|---|---|
| Processing Charges |
Penal / Default Charges # |
Mark to Market (MTM) Charge |
Stamp Duty & other Statutory Charges*** |
Auction Charges$ |
Overdue Notice Charges$ (once in 90 days) |
SMS Charges |
Part-Payment Charges |
Pre-Closure Charges |
| Upto 2 % | 0.5% p.m. (6% p.a.) (inclusive of GST) |
₹ 500 (inclusive of GST) |
As per applicable laws of the state | ₹ 1500 (inclusive of GST) |
₹ 200 per Notice (inclusive of GST) |
₹5.9 per Quarter (inclusive of GST) | NIL | NIL (Minimum of 7 days interest will be charged if loan is closed within 7 days) |
| BUSINESS LOAN | ||||||
|---|---|---|---|---|---|---|
| Processing Charges |
Penal / Default Charges # |
NACH / E-Mandate Bounce Charges |
Documentation Charges |
Bank Swapping Charges |
NeSL Reporting** |
Prepayment/Foreclosure Charges* |
| 2% - 9% | 2% p.m. (24% p.a.) | Up to ₹ 2500 | Up to ₹ 4000 | ₹ 500 | As Applicable | 0-6 Months- 7%, 7-24 Months- 5%, >24 Months-4% |
| PERSONAL LOAN | ||||
|---|---|---|---|---|
| Processing Charges |
Penal / Default Charges # |
NACH / E-Mandate Bounce Charges |
NeSL Reporting** |
Prepayment/Foreclosure Charges* |
| 2% - 6% | 2% p.m. (24% p.a.) | ₹ 500 | As Applicable | Maximum – 7% |
| DIGITAL FINANCE | ||||||
|---|---|---|---|---|---|---|
| Processing Charges |
Penal / Default Charges # |
NACH / E-Mandate Bounce Charges |
Documentation Charges |
Bank Swapping Charges |
NeSL Reporting** |
Prepayment/Foreclosure Charges* |
| Upto 10 % | 2% p.m. (24% p.a.) | ₹ 500 | Upto 3.5% | ₹ 500 | As Applicable | Upto 4 % |
| SUPPLY CHAIN FINANCE | |
|---|---|
| Processing Charges |
Penal / Default Charges # |
| 0.75% - 2% | 2% p.m. (24% p.a.) |
| COMMERCIAL REAL ESTATE | |||
|---|---|---|---|
| Processing Charges |
Penal / Default Charges # |
Collateral Evaluation Charges |
Prepayment/Foreclosure Charges* |
| Up to 2% of the loan amount approved |
0.5% p.m. (6% p.a.) | At Actuals | Upto 4% |
| LOAN AGAINST SECURITIES | ||||
|---|---|---|---|---|
| Processing Charges |
Penal / Default Charges # |
NACH / E-Mandate Bounce Charges |
Stamp Duty & other Statutory Charges*** |
NeSL Reporting** |
| 0.25% to 1% | 2% p.m. (24% p.a.) |
as per actuals | As per applicable laws of the state | As Applicable |
# levied on outstanding due amount. Outstanding due amount for this purpose includes the principal outstanding and Interest accrued. Penal charges will not be levied on the outstanding penal due amount
$ The combined levy of overdue notice charges and Auction charges will be capped at ₹ 1500 per customer loan account
*Subject to cooling Period. Charged on outstanding principal
** These charges shall be charged annually in accordance with the fee schedule provided by NESL and are subject to change by NESL.
*** Stamp Duty as per applicable laws of the state
Note :- GST and other government taxes, levies, etc. applicable as per the prevailing rates will be charged in addition to these charges. (if applicable)