Mitc

UR / MSME TARIFF CARD / FEES & CHARGES GRID - Applicable from 1st June, 2018

Sr. No. Details of Fees Charged Charges Applicable exclusive of GST
I. ON APPLICATION  
  Application Fees (IMD) - Non-refundable Up to Rs. 5,000
  Stamp Duty Charges & MOE Charges On actuals
II. FROM DISBURSEMENT  
  Processing Fees Up to 2.5% of Loan amount
  CERSAI charge creation Rs. 50/- for loans < Rs. 5 lacs and
Rs. 100/- for loans > Rs. 5 lacs
  Legal Opinion Charges Rs. 3,000/- for loans < Rs. 5 lacs and Rs. 5,000/- for loans > Rs. 5 lacs
  Legal Handling Charges (Applicable in cases of Balance Transfer / Resale transactions) Rs. 2,500/-
  Valuation Charges Rs. 2,000/-
  Subsequent Valuation Charges (only in construction cases) Rs. 500/-
  Additional Collateral Charges (only in cases with multiple properties as collateral) Rs. 4,000/-
  Document Verification Charges (FCU) Rs. 750/-
  Document Handling Charges 0.2% of Loan Amount rounded off to nearest multiple of 50
  Income Estimation Charges (LIP) Rs. 1,750 (If Applicable)
  ROC Lien updation Charges Rs. 2,500 (If Applicable)
III. DURING THE TERM OF LOAN  
  Loan Cancellation Charges Loan below 5 lacs Rs. 5,000/-;
Above 5 lacs - 1% of loan amt OR Rs. 10,000 whichever is higher
  Loan Rebooking Charges Rs. 2,500/-
  PDC/ ECS/ NACH Dishonour Charges Rs. 750/- per instance
  Default / Late Payment Interest Rate 36% p.a. of outstanding dues
  Collection Charges (Applicable only in cases of collection executive visits) Rs. 350 per visit
  Recovery (Legal / Possession & Incidental Charges) On Actuals
  Repayment Swapping charges Rs.500/-per instance
  List of Documents Retrieval Charges (LOD charges) Rs.1100/- per instance
  Copy of Property Papers Retrieval Charges Rs.1000/- per instance
  Duplicate No dues certificate Rs.500/- per instance
  Document Retrieval Charges (Any Other not mentioned above) Rs. 500/- per instance
  Foreclosure & Any other type of Statement Charges Rs. 500/-
  ROI Conversion Charges / Switch Fees 0.5% of Principal Outstanding of every 1% of rate reduction OR Rs. 10,000/- whichever is higher
IV. PREPAYMENT CHARGES (FIXED RATE TENOR OF SEMI-FIXED LOANS) 
A. Pre-payment is not allowed in first 12 Months from the date of first disbursal
B. Amount up to 25% of Principal Outstanding is NIL, Once in any Financial Year
C. Part-Prepayment amount to be minimum 3 EMI equivalent amount
D. Prepayment charges (part/ full) to be 5% from 13-24th month from the date of 1st disbursal
E. Prepayment charges (part/ full) to be 3% from 25th month onwards from the date of first disbursal
V. PREPAYMENT CHARGES (FLOATING RATE LOANS AND FLOATING RATE TENOR OF SEMI-FIXED LOANS)
  Individual Non-Individual
A. Pre-payment is not allowed in first 12 Months from the date of first disbursal
B. Amount up to 25% of Principal Outstanding is NIL, Once in any Financial Year
C. Part-Prepayment amount to be minimum 3 EMI equivalent amount
D. Prepayment charges to be NIL in Floating rate loans and NIL during the Floating ROI tenor of Semi-Fixed rate loans Prepayment charges (part/ full) to be 5% from 13-24th month from the date of 1st disbursal
E.  Prepayment charges (part/ full) to be 3% from 25th month onwards from the date of first disbursal

All charges stated herein are exclusive of G.S.T. as applicable from time to time. All Charges stated above are subject to change at the discretion of CGCL. The above charges are applicable w.e.f. 1st June 2018.