Source: Term Loan for Business — Bank
Page / section: Benefits / Collateral Flexibility / (HTML lines 419–428, 467–472)
Accessed: 30 Sept 2026
Confidence: high

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Documents listedApplication; address and ID proof; financial statements; latest bank statements; existing term-loan statements/repayment schedules; sanction letters for existing limits; asset pro-forma invoices; project expenditure to date and its funding sources. Indicative, not exhaustive.View source

The page labels the checklist indicative and says additional documents may be requested case by case.

Source: Term Loan for Business — Bank
Page / section: Documents & Accepted Collateral (HTML lines 433–447)
Accessed: 30 Sept 2026
Confidence: high

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Processing feeUp to 2% of facility amount, plus applicable taxesEffective 1 Sept 2026View source

The shared schedule states the fee applies up to 2% of facility amount plus taxes; the sanctioned facility terms determine the actual charge.

Source: Bank Business Loan Schedule of Charges
Page / section: Business Loan Applicable fees and charges (HTML lines 427–432)
Accessed: 30 Sept 2026
Confidence: high

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Customer typeBusinesses financing commercial assets, a new industrial unit, or expansion/modernisation of an existing unitView source

The manually reviewed product record states: “Businesses financing commercial assets, a new industrial unit, or expansion/modernisation of an existing unit”.

Source: Business Term Loan — official product page
Page / section: Published product metadata
Accessed: 30 Sept 2026
Confidence: high

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Benefits and features

Repayment tenure up to 7 years.
Collateral may be residential, commercial or industrial property, or liquid securities.

Eligibility

The official page describes use for commercial assets, a new industrial unit, or expansion/modernisation; it does not state a universal minimum turnover or facility amount.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

Application form
Address and proof
Financial statements
Latest bank statements
Existing term-loan account statements or repayment schedules
Latest sanction letters for existing limits
Pro-forma invoices for assets
Project expenditure to date and sources of finance

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Loan repayment estimate

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Amount you want to borrowThe money you would receive from the lender.₹twenty-five lakh rupees₹50,000₹2,00,00,000Yearly interest rateThe percentage charged on the outstanding loan each year.%2%30%Time to repayA longer time usually lowers the monthly payment but raises total interest. months6 months360 months

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees

Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees

Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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TableCharge / term

Processing fee · Published detailUp to 2% of the facility amount, plus applicable taxes.

This value is copied from Business-loan applicable fees, rates and commissions. Check the table notes before relying on it.

Source: Bank Business Loan Schedule of Charges · Business Loan Applicable fees and charges (HTML lines 427–436) Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 7 rows · 2 columnsBusiness-loan applicable fees, rates and commissionsView tableHide table

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Business-loan applicable fees, rates and commissions
Charge / term	Published detail
Processing fee	Up to 2% of the facility amount, plus applicable taxes.
Interest — secured facility, Non-PSL	Up to Repo Rate + 6.0%; each facility rate is determined after assessing the business, financials, loan amount and tenure.
Interest — -backed facility, Non-PSL	Up to Repo Rate + 6.50%; each facility rate is assessed individually.
Stamp duty and other statutory charges	As per applicable state law.
Letter of Credit / Bank Guarantee commission	Up to 2% p.a., pro-rated according to tenure and amount of the non-fund-based facility.
Commitment fee	As stated in the sanction letter.
Foreclosure	As stated in the sanction letter; nil foreclosure charges for Micro and Small Enterprises.

Rows are conditional: the rate formula is for secured or -backed non-PSL facilities; / commission applies only where such non-fund-based facilities are availed. Do not present as an individual sanction quote.

Bank Business Loan Schedule of Charges · Business Loan Applicable fees and charges (HTML lines 427–436) · accessed 30 Sept 2026Open official source ↗

Table 2 · 16 rows · 3 columnsBusiness-banking service chargesView tableHide table

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Business-banking service charges
No.	Service charge	Published amount / basis
1	No Objection Certificate for pari passu	Up to ₹10,000 per certificate.
2	Solvency certificate	Up to ₹25,000 per certificate.
3	Valuation	Internal: up to ₹5,000 per property; external: actuals reimbursed by borrower.
4	CERSAI registry charge	At actuals, reimbursed by borrower.
5	Legal fee	At actuals, reimbursed by borrower.
6	Inspection and monitoring / collateral-management charge	At actuals, reimbursed by borrower.
7	Auction charge for repossessed assets	At actuals, reimbursed by borrower.
8	Enforcement charge	At actuals, reimbursed by borrower.
9	Paper advertisement charge	At actuals, reimbursed by borrower.
10	Professional charges	At actuals, reimbursed by borrower.
11	Repossession charge	At actuals, reimbursed by borrower.
12	Registrar of Companies and related charges	At actuals, reimbursed by borrower.
13	Stock audit	At actuals, reimbursed by borrower.
14	Annexure III	At actuals, reimbursed by borrower.
15	Prepayment, including part prepayment	As per regulatory guidelines, up to 2% of the principal amount of the loan being prepaid. No foreclosure charges for Micro and Small Enterprises.
16	Other miscellaneous charges	At actuals, reimbursed by borrower.

This is a shared business-banking schedule; each actual charge remains subject to product/facility terms. 'At actuals' is not a fixed rupee amount.

Bank — Service Charges for Business Banking · Page 1, rows 1–16; row 15 includes foreclosure note · accessed 30 Sept 2026Open official source ↗

Table 3 · 17 rows · 3 columnsPenal charges — working-capital facilities and bills/chequesView tableHide table

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Penal charges — working-capital facilities and bills/cheques
Facility / default	When charge is reckoned	Published charge and conditions
Excess drawings over drawing power but within sanctioned limit	From excess drawing until outstanding is brought within drawing power	2% p.a. on excess drawings / overdrawn amount.
Excess drawings over sanctioned limit	From excess drawing until outstanding is brought within sanctioned limit	2% p.a. on excess drawings / overdrawn amount.
Non-renewal of working-capital limits	From the date after limit expiry	2% p.a. on expired/non-renewed limit; total outstanding as on that date is the base.
Foreign-currency loan payment default	From due date until default amount is paid; foreign currency may be converted to equivalent rupees under sanction terms	2% p.a. on defaulted amount.
Demand bill purchased — outstation	From day 16 after purchase (15 days allowed for transit) to realisation; if returned unpaid, from purchase date to recovery	2% p.a. on overdue bill amount for either applicable period.
Demand bill purchased — local	From day 8 after purchase (7 days allowed for presentation/transit) to realisation; if returned unpaid, from purchase date to recovery	2% p.a. on overdue bill amount.
Usance bills discounted	For period past due date until recovery; levied on recovery. If returned unpaid, from discount date to recovery	2% p.a. on overdue bill amount.
Inland cheque purchased — outstation	From day 8 post-purchase (7 days allowed for transit) to realisation; if returned unpaid, from purchase date to recovery	2% p.a. on overdue bill amount.
Inland cheque purchased — local	If returned unpaid, from purchase date to recovery	2% p.a. on overdue bill amount.
Inland devolvement — sight bill	If not paid within 7 days of receipt, ordinary loan interest is charged from day 8 to realisation; at devolvement the fund-based loan rate is applied under the existing process	The annexure says no penal charge/interest for this case; the bank may set a defined devolvement interest rate reflecting credit risk.
Inland devolvement — usance bill	If not paid on due date, ordinary loan interest applies from due date to realisation; at devolvement the fund-based loan rate is applied under existing process	The annexure says no penal charge for this case; the bank may set a defined devolvement interest rate reflecting credit risk.
Factored / reverse-factored invoices	From invoice due date until recovery	2% p.a. on overdue bill amount.
Additional interest on inland bills	From due date until realisation	2% p.a. on overdue bill amount.
Security creation/perfection delayed	First 15 days: nil; delay beyond 15 days	1% p.a. on outstanding amount after the first 15 days.
Stock audit, book-debt or stock statements overdue	Monthly; charge ceases when the subsequent month/quarter statement arrives. Stock audit charge applies only when overdue beyond 90 days; no charge for intra-month delay	Per type of compliance pending at month end: facility ≤₹50 million: ₹5,000; >₹50 million to ₹100 million: ₹10,000; >₹100 million: ₹25,000.
Breach of financial covenants	First 15 days from sanction due date: nil; continuing beyond 15 days	1% p.a. on average outstanding over the default period.
Other sanction conditions (capital infusion, closure of other bank accounts, NOC, etc.)	Monthly; first 15 days: nil; breach continuing beyond 15 days	1% p.a. on average outstanding over the default period.

Rates are p.a. where the source table states per annum. The annexure's devolvement clauses distinguish ordinary interest from penal charges. /default cases remain subject to the sanction agreement.

Bank — Penal Charges, Annexure A · Pages 1–6 (working-capital facilities); note on page 1 says irregular-drawing terms also apply to ODFD products · accessed 30 Sept 2026Open official source ↗

Table 4 · 5 rows · 3 columnsPenal charges — term-loan facilitiesView tableHide table

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Penal charges — term-loan facilities
Facility / default	When charge is reckoned	Published charge and conditions
Term-loan payment default	From default date until default amount is paid	2% p.a. on defaulted amount.
Foreign-currency term-loan default	From due date until default amount is paid; foreign currency may be converted to rupees under sanction terms	2% p.a. on defaulted amount.
Security creation/perfection delayed	First 15 days: nil; delay beyond 15 days	1% p.a. on outstanding amount.
Breach of financial covenants	First 15 days from due date: nil; breach continuing beyond 15 days	1% p.a. on average outstanding during default period.
Other sanction conditions (capital infusion, closure of other bank accounts, NOC, etc.)	Monthly; first 15 days: nil; breach continuing beyond 15 days	1% p.a. on average outstanding during default period.

The last rows use the average outstanding amount for the default period, as specified in the annexure.

Bank — Penal Charges, Annexure A · Pages 7–8 · accessed 30 Sept 2026Open official source ↗

Business Term Loan

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