The Surat Mercantile Co-op. Bank Ltd.
The Surat Mercantile Co-op. Bank Ltd.
RBI Lic No: UBD GUJ 1562

Loan & Advances Related

THE SURAT MERCANTILE CO-OP BANK LTD; ADMINSTRATIVE OFFICE, SURAT

Loan & Advances Related (w.e.f. 1st November 2023)

NO. TYPE OF SERVICE CHARGES (+ GST Extra)
1 Loan File Charges Rs.200/- (Flat)
2 Credit Information Company's Report Charges Consumer Rs.200/- + GST
Commercial Rs.500/- + GST
3 Loan application Process charges for all types of loan & advances (Other than loan against FDRs/NSC/KVP) Up to Rs.1,00,000/-: Rs.300/-
Rs.1,00,001/- to 5,00,000/- Rs.750/-
Rs.5,00,001/- to 10,00,000/- Rs.3000/-
Rs.10,00,001/- to 25,00,000/- Rs.5,000/- + GST
Rs.25,00,001/- to 50,00,000/- 0.25% + GST
Rs.50,00,001/- to 1,00,00,000/- 0.30% + GST
Above Rs.1,00,00,000/- 0.35% + GST (Maximum Rs.75,000/-)
4 OD/CC Renewal Charges
Up to Rs.25,00,000/- Rs.1,000/- + GST
Rs.25,00,001/- to 50,00,000/- Rs.1,500/- + GST
Rs.50,00,001/- to 1,00,00,000/- Rs.2,000/- + GST
Above Rs.1,00,00,000/- Rs.2,500/- + GST
* The Renewal Charges are to be levied at the time of Renewal of the limit during the year Renewal charges are not applicable in case of Loan against FDR/NSC/KVP
5 Property Release / Change Charges Rs.1,000/- per Property + GST
6 Post Inspection Charges Rs.200/- per Quarter + GST (Godown/Machinery/Stock Inspection Charges)
7 Solvency Certificate Charges 2% of the Amount (Min.Rs.1,000 & Max.Rs.5,000) + GST
8 Bank Guarantee Commission 2% of the Amount + GST (Against 100% Tangible Security)
9 Loan notice charges Simple: Rs.300/- + postage + GST
Legal: Rs.500/- + postage + GST
10 Subsidy claim amount received charges 0.25% of subsidy amount
11 CERSAI Registration & Release Charges Rs.200/- + GST
12 Quotation Change Request Rs.300/- + GST
13 Any Special Request per letter Rs.200/- + GST
14 Adhoc Limit in CC Amount-ROI 15%