| Processing Fee (Non-refundable)
|
Maximum 2% of the loan / facility amount (Plus Taxes as applicable)
NIL Processing Fees for total loan facility up to ₹5 Lakhs availed by micro and small Enterprises subject to URC submission prior to disbursal
|
| Documentation Charges
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Loan amount up to INR 10 lakh: INR 3,500/- (Plus Taxes as applicable)
|
| Loan amount above INR 10 lakhs: INR 6,000/- (Plus Taxes as applicable)
|
| Cheque dishonour Charges
|
INR 750/- (Plus Taxes as applicable) per instance.
|
| Charges for Copy of any Document
|
INR 500/- (Plus Taxes as applicable) per instance.
|
| Repayment Mode I Account swap charges
|
INR 500/- (Plus Taxes as applicable) per instance.
|
| Charges for Duplicate NOC / No Dues Certificate
|
INR 500/- (Plus Taxes as applicable) per instance.
|
| Charges for copy of Credit Bureau Report (to Customer who has availed Loan /Facility from us)
|
INR 100/- (plus taxes as applicable) per instance for Individuals
|
| INR 500/- (Plus taxes as applicable) per instance for non-individuals
|
| Prepayment Charges
|
The borrower shall be liable to pay up to 4% foreclosure / closure charges of the outstanding (Plus taxes as applicable)
Micro and Small Enterprises are exempted from closure charges subject to such closure being through own source of funds. The borrower entities shall be required to submit proof(s) qualifying as own source of funds to the satisfaction of the Bank.
|
| Charges specific to Term Loans:
|
| Substitute Interest (Penal Interest)
|
Up to 3% p.m. (plus taxes as applicable) compounded monthly on the Amount Due but unpaid from the Date of the Amount falling Due till the Date of actual Payment.
|
| Collection Charges (in case of Default)
|
Up to 3% (plus taxes as applicable) of Cheque / instrument Dishonour Charges plus Substitute Interest.
|
| Charges for Amortisation Schedule/ Account Statement
|
Free once in a Financial Year. Thereafter, INR 500/- (plus taxes as applicable) per instance
|
| Charges specific to Overdraft Facility:
|
| Annual Review / Renewal Charges
|
Up to 2% of renewal limit (Plus Taxes as applicable)
|
| Over-line Rate / Penal Interest in case of over-line accounts
|
Up to 3% p.m. (plus taxes as applicable). This would be changed on the amount over and above the sanctioned limit on a given day.
|
| Non-utilisation Charges
|
Up to 2% of limits, if utilization of limits for the quarter is below 60%;
|
| Charges for Interest Certificate
|
Free once in Financial year. Thereafter, INR 250/- (plus Taxes as applicable) per instance.
|
| Notes:
|
| · Competitive Interest rates
|
| · Stamp Duty on Loan Agreement / Overdraft Agreement, Guarantor Agreement, etc., varies from State/UT to State/UT. Stamping Charges, Notarisation Charges, Charge Creation on Collateral Security, etc., as per RBI/Statutory Notifications, as applicable.
|
| · Charges for other Services which is not specified above would be specified as applicable when the Customer applies for those Services and the same shall be payable by the Borrower. e.g. Revalidation of Sanction, Change in Collateral, Re-schedulement of Loan, Change in EMI Date, Solvency Certificate Issuance Charges, etc.,
|
| · Taxes / other statutory levies may be charged to the Borrower if applicable as per Government / RBI directives.
|
| · Any charges are applicable subject to regulatory/statutory feasibility. Any relaxations available to specific borrower categories / groups, if any, shall be applicable to such beneficiaries.
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| · Bank reserves the right to modify any charges from time to time or to introduce any new charges, as it may deem appropriate and will publish them on the bank’s website (www.kotak.com).
|
| Note: BLIOD NUC charges will be Nil, as mentioned in the terms and conditions in the online journey.
|
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