|APPLIED LOAN AMOUNT||ADMIN CHARGES|
|Loan Amount 01 Lakh To 05 Lakh||₹. 1, 200/-(Including Tax)|
|Loan Amount 06 Lakh To 10 Lakh||₹. 1, 500/-(Including Tax)|
|Loan Amount 11 Lakh To 20 Lakh||₹. 2, 000/-(Including Tax)|
|Loan Amount 21 Lakh To 50 Lakh||₹. 2, 500/-(Including Tax)|
|Loan Amount 51 Lakh To 99 Lakh||₹. 3, 000/-(Including Tax)|
|Loan Amount 01 Crore To 05 Crore||₹. 11, 500/-(Including Tax)|
|Loan Amount 06 Crore To 10 Crore||₹. 15, 500/-(Including Tax)|
|Loan Amount 11 Crore To 20 Crore||₹. 20, 500/-(Including Tax)|
|Loan Amount 21 Crore To 50 Crore||₹. 29, 500/-(Including Tax)|
|Loan Amount 51 Crore To 100 Crore||₹. 49, 500/-(Including Tax)|
|APPLIED LOAN AMOUNT||PROCESSING CHARGES|
|Loan Amount 01 Lakh To 05 Lakh||₹. 8, 500/-(Including Tax)|
|Loan Amount 06 Lakh To 10 Lakh||₹. 10, 500/-(Including Tax)|
|Loan 11 Lakh and Above||₹. 1 % + (Applicable Taxes)|
Note:All Charges Mentioned Above Will Be payable from the borrowers. Also, you May Have To Pay Other applicable Charges AS Per Lenders Term and Condition.
For all loans disbursed, the prepayment charge shall be levied at the rate of 2%, plus applicable taxes and statutory levies and charges, of the outstanding amounts, being so prepaid through refinancing from any Company/NBFC/NHFC or Financial Institution (such amounts shall include all amounts prepaid during the given financial year) and not through own sources* and shall be applicable to all partial or full prepayments.
For Other than Individual Borrowers - For loans sanctioned with company/ Sole Proprietorship Concern/Firm or a HUF as co-applicants:
In case the loan is prepaid within the first six (6) months from the date of the first disbursement, Prepayment Charges shall be levied at a rate of 2% plus taxes and statutory levies and charges, of the amounts being so prepaid;
Upon the expiry of the first six (6) months and up to till 36 months, the borrower shall have the option to prepay up to 20% of the opening principal amount every financial year, of the loan, without any prepayment charges. Such prepayments would need to be made from the own sources of the Borrower.
Any amounts prepaid in excess of the 25% threshold shall attract prepayment charges at 2% of the amounts being so prepaid in excess of 25% every financial year.
Upon the expiry of 36 months, no prepayment charges will be applicable if the loan is prepaid from its own sources. However, should the loan be prepaid through refinancing the borrower shall be liable to pay prepayment charges.
The customer will be required to submit such documents that Suchitra Finance may deem fit & proper to ascertain the source of funds at the time of pre-payment of the loan.
*The expression "own sources" for this purpose means any source other than borrowing from a Bank/NBFC/NHFC or Financial Institution.
The prepayment charges as mentioned above are as on date of execution of this loan agreement, however, they are subject to change as per prevailing policies of Suchitra Finance and accordingly may vary from time to time. Customers are requested to refer to www.suchitrafintrade.co.in for the latest charges applicable on prepayments.