PGB - Other Charges (Service Charges)

ANNUAL FEE FOR REVIEW OF TERM LOANS:

 

For annual review of all term loans (other than Retail Loans and Loan Against Future Lease Rentals) with sanctioned limit of Rs. 1 crore& above, fee is to be recovered as under:

 

Stage for levy annual fee

Rate

a)

During implementation stage

10 paisa per hundred Rupees (no ceiling)

b)

After implementation

05 paisa per hundred Rupees (no ceiling)

 

LEVY   OF   CASH   ORDER/DRAFT/RTGS/NEFT   CHARGES   WHILE DISBURSING TERM LOAN

While issuing instruments for remittance of funds directly in favour of supplier, for disbursement of term loan, no charges are to be recovered for issuance of Cash Order/Draft/RTGS/ NEFT/other mode.

 

CHARGES FOR CHANGE IN TERMS & CONDITIONS
The  charges  prescribed  for  change  in  terms  &  conditions  sought  by  the borrower, except in CDR/restructuring cases, shall be  0.02% of loan amount (Minimum Rs.1,000/- and Maximum Rs.  5 lakh).    These shall also be levied while seeking amendment in rate of interest.

 

HANDLING CHARGES

Wherever  full  waiver of processing fee  or upfront fee is permitted,  ‘Handling Charges’ @ Rs. 15/- per lakh or part thereof, subject to a maximum of Rs. one lakh are to be recovered from borrowers availing limits of Rs. 1 crore& above, separately in lieu of processing fee & upfront fee.

 

DOCUMENTATION CHARGES

 

(a) Term Loans (Other than Retail Loans Segment)
For Loan Amount:
UptoRs. 2 lakh                          :           Nil

Above Rs. 2 lakh                       :           Rs. 400/- per lakh or part thereof,
subject to a maximum of Rs. 25,000/-
                                   The above mentioned documentation charges are to be levied only once in  case  of  term  loans.  However,  in  case  of  cash  credit  accounts, documentation charges are to be levied first at the time of fresh sanction and then at the time of enhancement (for the enhanced portion of limit
only). No documentation charges are to be levied at the time of renewal of
limits.

 The aforesaid charges will not be applicable in case of advances a           deposits,  Govt.  securities,  UTI  mutual  fund  units,  RBI  Relief Bonds,   NSCs, KVPs, IVPs, IRDP cases, staff loans.

 

(b)      Under Retail Segment Schemes

For   Term   Loans (Under   Retail   Loan Segment)

Charges @

Housing Loans

Rs.1350/-
*For Defence Personnel- NIL

Earnest Money Deposit (EMD) Scheme

NIL

Car Loans

NIL(clubbed with upfront fee)

Two Wheeler Loan

Rs.275/-

Loan against Mortgage of IP

Rs.900/-

Education Loan (PGB Vidyalakshyapurti)

For  loan upto Rs.         4  lacs-  Rs.270/-
For  loan over Rs.         4  lacs-  Rs.450/-

Personal Loans

For  loan upto Rs.        2  lacs -  Rs.270/-* For  loan over Rs.   2  lacs -  Rs.450/-*
*For Defence personnel- NIL

Personal loan to Pensioners

For  loan upto Rs.        2  lacs -  Rs.270/- For  loan over Rs.   2  lacs -  Rs.450/-

@  However,  while  recovering  charges,  circulars  issued by  Credit  section
HO on the subject from time to time may be referred.

 

(iii) Term Loans (Other Schemes)

For   Term   Loans (Other Schemes)  

Charges

Traders, Future Lease Rentals, Doctors,

Rs. 270/- upto Rs. 2 lac.
Rs. 450/- over Rs. 2 lac.

 

Out of Pocket Expenses

All  out of pocket expenses such as postage,  telegram,  telex etc.  shall be collected from the beneficiary unless otherwise specified.

 

GUARANTEE COMMISSION

       Guarantee commission is to be charged as under:


Performance Guararntee
  1. Upto Rs.10 crore:

Rs. 100/- + 0.60% per quarter or part thereof with a minimum of 1.20%.
Ø  AboveRs 10 crore:
Rs.  100/-  +  0.50%  per quarter or part thereof with a minimum of 1.00% subject to minimum commission Rs. 12.00 lakh.

Other than Performance Guararntee

  1. Upto Rs. 10 crore:

Rs. 100/- + 0.90% per quarter or part thereof with a minimum       of 1.80%.
Ø  Above Rs. 10 crore:
Rs.  100/-  +  0.75%  per quarter or part thereof with a minimum of 1.50% subject to minimum commission Rs. 18.00 lakh.

Guarantees secured by 100% cash margin

Rs. 100/- + 25% of normal commission *

 

 

ISSUE     OF     BALANCE/INTEREST     CERTIFICATE / NO     DUES CERTIFICATE

 

For PS Advances           : Rs.     50/- per Certificate
For others                 : Rs.150/- per Certificate

 

OUT OF POCKET EXPENSES
(POSTAL, TELECOMMUNICATION AND OTHERS)

 

Actual  charges  (rounded  off  to  next  higher  rupee)  to  be  recovered  as under:

  1.       Postage Registered Post/Speed Post/courier – Actual    expenses Ordinary Post      - Free.

II.          Telegram charges
III.         Telex Charges
IV.        Telephone/Fax Charges
V.         Insurance
VI.        Valuation charges of Appraisers
VII.       Legal Charges:
- Stamp duties
- Fees paid for documentation
- Solicitors' fees.
viii.        Consultancy charges paid to consultants for Feasibility       Reports or Consultancy Reports.
ix.       Travelling, Conveyance Expenses of Bank's Auditors or Field Officers.
x.    Supervision Charges.

 

Notes:
1. Service tax will be charged over and above the charges,  irrespective of the fact that these charges have been denoted in percentage or flat rates have been prescribed.
2. Service  tax  will  be  charged  over  and  above  the  minimum  and maximum rates, wherever stipulated and applicable.
3. No upfront/processing fee is to be charged in case of Self Help Group Accounts (SHGs), below poverty line.