Deutsche Bank Business Loan - Fees and Charges

w.e.f April 25, 2016

Fee Type

Charges

Rate of Interest

MCLR + Margin

Penal Interest Rate

24% per annum

Loan Prepayment Penalties

  • Prepayment is allowed only after 9 months from the date of disbursal
  • No part prepayment is allowed
  • In case of Fixed rate loan : 5% of the principal outstanding at the time of foreclosure for Fixed Rate loans.
  • In case of Floating rate loan : No pre-payment charges

Credit Maintenance Fee

1% of loan amount per year, to be paid monthly

Portfolio Service Charges

1.5% of loan amount disbursed, to be paid monthly

Documentation and Processing Fees

3% of loan amount disbursed

CIBIL Report Issuance Charges

Rs. 50/-

Charges for unsuccessful execution of Standing Instruction for payment/ Cheque/ ECS Bounce Charge

Rs. 1,000/-

Post Dated Cheques/ ECS Swap Charges

Rs. 500/-

Service Tax

Applicable on fees and charges

Stamp Duty Charges on Loan Agreement

Depending on Local Regulations

No Dues Certificates

Free

Duplicate Statement Issuance Charges

Rs. 500/-

Annual Account Statement Charges

Free

  • Disbursement at sole discretion of the Bank.
  • Schedule of charges is subject to review by the Bank from time to time.
  • All fees and charges mentioned above will attract Service Tax / Education Cess at applicable rates.
  • MCLR means Marginal Cost of Funds based Lending Rate (MCLR) the reference rate for lending to be charged in accordance with Reserve Bank of India's circular RBI/2015-16/273 DBR.No.Dir.BC.67/13.03.00/2015-16 dated December 17, 2015, as amended from time to time.
  • Interest rate reset dates for floating rate loans would be January, 2016, April, 2016, July, 2016 and October, 2016 of each calendar year during the loan tenor.
  • MCLR is the rate of the Bank to which your floating rate loan is benchmarked. Applicable MCLR for your loan shall be the three month MCLR prevailing from time to time.
  • The Bank states that Marginal Cost of Funds based Lending Rate (MCLR) prevailing on the date of first disbursement shall be applicable till the next reset date irrespective of the changes in the benchmark in the interim. Similarly effect of any subsequent change of MCLR shall be applicable from the next reset date irrespective of the changes in between two reset dates.

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