||For Short Term Agrl. Loans (Crop Loans, CKCC, GKCC, RMG, JLG, LAMS & Produce Loans)
|| 0.80%of Bank loan With a minimum of Rs.500
|| For Term Loans (MSME/SSI, RT, BE, P&SE, RTO, GCC, SCC, RCC, TLOTH, Clean Loans and Consumer Durable Loans)
||Up to Rs.10 lakh
||1.50% of Loan Amount with a minimum of Rs. 500
||Above Rs.10 lakh to Rs. 50 lakh
||Rs.15,000 + 1% of Loan amount above Rs.10 lakh
||Above Rs.50 lakh to Rs.100 lakh
||Rs.55,000 + 0.75% of Loan amount above Rs.50 lakh
||Above Rs.100 lakh
||Rs.92,500 + 0.50% of Loan amount above Rs.100 lakh
||For cash credits and over drafts
||1% of limit Sanctioned either Fresh or Renewal per annum..
||SOD to traders and SOD to MSME
||1% of the sanctioned limit either fresh or Renewal per annum.
||In case of SHG Farm sector and non-farm sector cash credits / term loans
||Limit sanctioned to SHG Group having 10 members:
Upto a sanction limit of Rs.250, 000:
No service/processing charges to be collected. Exemption for service/processing charges was kept in Finacle itself up to sanction limit of Rs.250,000 irrespective of number of members.
Sanction Limit more than Rs.250,000 :
Service/processing charges would be @ 0.50% of the sanction limit per annum.
Limit sanctioned to group having members greater than/ less than 10 members:
In this case, exemption limit shall be worked out basing on per member sanction limit
i.e. if Per member sanction limit is less than Rs.25,000, no service/ Processing charges to be collected.
If Per member sanction limit is greater than Rs.25,000, service/processing charges to be collected @ 0.50% of the sanction limit.
Note: Branches to manually reverse/collect services charges in this case as there is no system support.
||No processing charges up to a sanction limit of Rs.10 lakh.
1% of the loan amount if sanction limit exceeds Rs.10 lakh.
||Up to Rs.5 lakh
||0.50% of the loan amount with a minimum of Rs.500 up to a sanction limit of Rs.5.00 lakh.
||Above Rs.5 lakh to Rs. 20 lakh
||1% of the Loan amount
||Above Rs.20 lakh
||Rs. 20,000 + 0.75% of loan amount above Rs.20 lakh
||1% of the loan amount
Exemptions:Staff Loans, Education Loans to Staff children (under EL), Housing loans to Staff (under HLPS), LAD, SOD against Bank deposits, Gold Loans & LASS are fully exempted and in case of all other Govt. Sponsored schemes up to sanction limit of Rs. 50,000/-.
Note: Processing charges are not to be collected on Priority Sector Advances up to Rs.25,000/-. Total liability is the criteria for arriving the limit (KCC+AAA+ etc ) of Rs. 25,000/-.