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., ADMINISTRATIVE OFFICE, SURAT.

Loan & Advances Related (Effective From 1st June 2026)
No. Type of Services Loan & Advance Charges
1. Loan File Charges File Charge  Rs. 200.00 (Flat)
2. Loan Application Form Charge(Blank) Form Charge  Rs.   50.00 (Flat)
3. Credit Information Company's Report Charges (Charges will be charged per Report) Consumer    (Per Report)  Rs. 200.00 + GST
Commercial (Per Report)  Rs. 500.00 + GST
4.  

Loan processing charges for all types of loans & advances :

1) 100% at the time of Sanction / Process.

2) Sub-systemwise charges to be levied.

3) Other than loan against FDRs/NSC/KVP & All type of Staff loans 

  Up to Rs.1,00,000/-  Rs. 500/-    + GST
 Rs. 1,00,001/- to 2,00,000/-  Rs. 1,000/-  + GST
 Rs. 2,00,001/- to 5,00,000/-  Rs. 2,000/-  + GST
 Rs. 5,00,001/- to 10,00,000/-  Rs. 5,000/- + GST
 Rs. 10,00,001/- to 25,00,000/-  Rs. 7,000/- + GST
 Rs. 25,00,001/- to 50,00,000/-  @ 0.35% + GST
 Rs. 50,00,001/- to 1,00,00,000/-  @ 0.40% + GST
 Above Rs. 1,00,00,000/-  @ 0.45% + GST (Maximum  Rs.1,25,000/- + GST)
 5. 

Cash-Credit / Overdraft Renewal Charges :

1) Other than loan against FDRs / NSC / KVP / All type of Staff loans 

  Up to Rs. 10,00,000/-  Rs. 1,500.00 + GST
 Rs. 10,00,001/- to 25,00,000/-  Rs. 2,000.00 + GST
 Rs. 25,00,001/- to 50,00,000/-  Rs. 2,500.00 + GST
 Rs. 50,00,001/- to 1,00,00,000/-  Rs. 3,000.00 + GST
 Above Rs.1,00,00,000/-  Rs. 3,500.00 + GST
 6.

Commitment Charge :

1) For Cash-Credit Accounts only

2) Other than loan against FDRs / NSC / KVP / All type of Staff loans 

   

કેશ-ક્રેડીટ (CC) સુવિધા હેઠળ મંજુર કરેલ મર્યાદા (SANCTIONED LIMIT) નો વાર્ષિક સરેરાશ વપરાશ લઘુત્તમ ૬૦% કે તેથી વધુનો હોવો અનિવાર્ય છે. જો વર્ષ દરમિયાન સરેરાશ વપરાશ ૬૦% કે તેથી ઓછો જણાશે, તો મંજુર લિમિટના (૧/૮) એટલે કે આઠમા ભાગની રકમ પર પ્રવર્તમાન વ્યાજ દરે કામીટમેન્ટ ચાર્જ વસુલવામાં આવશે.

ઉધાહરણ : જો લિમિટ રૂ. ૧૦ લાખ હોય, તો તેનો આઠમો ભાગ રૂ. ૧.૨૫ લાખ થાય. આ  રૂ. ૧.૨૫ લાખ પર વાર્ષિક ૯.૫૦% લેખે રૂ. ૧૧,૮૭૫/-  કામીટમેન્ટ ચાર્જ તરીકે વસુલવાપાત્ર રહેશે.
 7. In case of delay in instalment payment, failure to submit Cash-Credit / Overdraft renewal application and stock statement on time @ 2.00 % penalty charge will be levied  
 8. Adhoc Limit in CC Amount-ROI  @ 15.00 % 
9. Post Inspection Charges Rs. 300.00 per quarter + GST (Godown/Machinery/Stock Inspection Charges)
10. Solvency Certificate Charges @ 3.00 % of the Amount + GST (Min Rs. 1,000.00 & Max. Rs.6,000.00) + GST
11.

Bank Guarantee Commission :

(Only a financial bank puarantee will have to be provided.)

  @ 3.00 % of the Amount + GST (Against 100% Tangible Security) 
12.  Loan Notice Charge  Simple     -     Rs. 300.00  + Postage + GST
 Legal       -     Rs. 500.00  + Postege  + GST
 13.  Subsidy claim amount received charges    @ 0.25% of Subsidy Amount
 14.  CERSAI Registration and Release Charges    Rs. 200.00 + GST
 15.   Property Release / Change Charges    Rs. 5,000.00 PER PROPERTY + GST
 16.  Quotation Change Request Charges   Rs. 500.00 + GST
17. Any Special Request per letter Charges   Rs. 500.00 + GST
18. TT (Telephonic Tranfer) Charges Charges will be levied as per our specific sponsor or originating bank charges.