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Schedule of Charges - MBL (Secured by Credit Guarantee)

S. No.

Charges Parameters

Applicable Charges*

1.

Interest Rate

Minimum: Repo Rate / EBR

Maximum: Upto 24% p.a.

2.

Loan Processing Charges

Upto 3% of loan amount

3.

Stamping Charges

As per State’s StampAct

4.

Stamping expenses

₹ 100 (including GST)

5.

Interest on overdue EMI

At the contracted Rate of Interest (Loan IRR)
6.

Prepayment / Foreclosure charges

Refer Annexure

7.

Collection Charges

₹ 600 per visit

8.

Cheque/SI/ACH/ECS ReturnCharges

₹ 500

9.

Statement of Account

₹ 500

10.

Duplicate Amortization / Repayment Schedule

₹ 500

11.

Repayment Instrument Swap Charges
(Replacement of PDC or Change of Bank)

₹ 1,000

12.

Change in Instalment date

₹ 500 plus difference period interest (ifany)

13.

Duplicate Copyof Loan Document

₹ 1,000

14.

Legal / Incidental Charges*

At actuals

15.

Provisional / FinalInterest certificate

Nil

16.

Lender NOC /Solvency Certificate

Minimum: ₹ 10,000 &Maximum: ₹ 50,000

17.

ROC filling charges

At actuals

18.

Cheque / Disbursement / Loan cancelation

₹ 1,000(within 7 daysof cheque issue date)

₹ 1,000plus interest up to cancelation period

19.

Cash Collection Charges (at thetime

Prepayment/foreclosure only, If cash collection is more than Rs 20,000)

₹ 5 per thousand for cash collection

20.

Duplicate issueof No DuesCertificate

₹ 500

21.

RCU Charges (as per applicability)

₹ 750

22.

Foreclosure Statement Charges

₹ 500

23.

Legal & Courier Charges

₹ 1,100

24.

Default collection charge

₹ 600

25

Tele Collection charge

₹ 40

26

Penal Charges on EMI default

₹ 0.65 per ₹ 1,000 (or every part thereof) will be charged daily on overdue EMI

* Chargeable based applicability

Annexure:

Prepayment Charges for Partial prepayment

Slab

Applicable Charge*

a) If paid upto 6 monthsfrom last disbursement date

5% of Amount whichis Partial Prepaid

b) If paid after 6 months & upto 12 months fromlast disbursement date

No prepayment charge to be taken if total amountdeposited in FY up to 25% of POS (starting of FY)

5% of total amountpartial prepaid in FY, if sum of all part prepayment crosses the limit of 25% of opening principal in starting of FY. i.e., Charges will beapplicable on the total amount partially pre-paid in the same FY.

c) If paid after12 months fromlast disbursement date

No prepayment charge to be taken if amount deposited up to 25% of POS (starting of FY)

3% of total amountpartial prepaid in FY, if sum of all part prepayment crosses the limit of 25% of opening principal in starting of FY. i.e., Charges willbe applicable on the totalamount partially pre-paid in the same FY.

Prepayment Foreclosure charges for Full closure

a) If paid before12 months fromlast disbursement date

5% of Balance amountat the timeof closure

b) If paid after12 months fromlast disbursement date

3% of Balance amountat the timeof closure

Notes:

  1. Schedule of charges shall be uploaded on AU Small Finance Bank Ltd. website:
    https://www.aubank.in/service-fee
  2. Under the credit guarantee scheme, charges (if any) stipulated by respective regulatory body shall prevail over the above mentioned & will be applicable with immediate effects.
  3. The above charges are standard, bank may apply charges either as per this schedule or as per bilaterally accepted terms between customer and the bank.
  4. The above charges are at maximum level, for any discount or waiver on above charges shall be approved by respective authority as per charges approval matrix.
  5. GST and other Government taxes applicable as per prevailing rate will be charged over and above the fees and charges.
  6. Bank do not levy any loan related and adhoc service charges/inspection charges on priority sector loans up to ₹ 25,000.
  7. If customer makes part payment in tranches, then the tranche in which total part pre-payments done in FY crosses 25% of POS in the starting of the FY, then prepayment charges will be applicable on all the part payments done earlier in same FY.
  8. Minimum part payment amount should be equal to 3 EMIs.
  9. No part payment is allowed in Partial disbursed cases and can be made only in full disbursed cases.
  10. Default effect will be given on tenure only i.e., tenure will be reduced until written request to give impact on EMI is given by the customer.
  11. Impact of part prepayment in both EMI & Tenure is not allowed. In exceptional cases, bank can ask for additional/updated documents from the customer along with the submission of supplementary agreement signed by all the customers in the loan with applicable stamp duty & charges.
  12. The terms and conditions, as defined by AU Small Finance Bank, apply. Please refer www.aubank.in for Further details.

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