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Home > SME Loan Interest Rates & Service Charges

SME Loan Interest Rates & Service Charges

Interest Rates & Service Charges for DHFL SME & Business Loans

Most small and medium entrepreneurs start off with a vision to grow, albeit with limited financial understanding. One of the best financial decisions an entrepreneur could take for realising his vision would be availing a business loan to fund operations. We, at DHFL understand the funding limitations of small businesses and hence offer SME loans up to `20 crores at highly competitive interest rates. We also offer SME Loan interest rates that suit your business’s financial requirements.

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Sr. No Charges Description Charges
Type of Loan
1 Processing Fees (Non-Refundable) (% of loan application value) Business Loan Property Term Loan Plant & Machinery Loan Medical Equipments Loan
2 % + Service Tax 1.25% + Service Tax 2 % + Service Tax 1.25 % + Service Tax
2 Application Fees /Login Fees  No fees 10,000 + Service Tax Used Machinery : 5,000 + Service Tax Used Equipment : 5,000 + Service Tax
New Machinery :    No Fees New Equipment :  No Fees
3 Valuation charges Not applicable At actual At actual At actual
4 Cheque /ECS bounce charges `250 per instance
5 Bank Charges on Cheque/ECS Bounce At actual
6 Penal charges for late payment 18 % p.a. on the outstanding dues.
7 ECS/ Cheque swapping charges `250 + Service Tax per swap
8 Repayment schedule / Statement of account  charges `250 + Service Tax per schedule
9 Foreclosure statement charges `500 + Service Tax
10 Legal/ repossession and incidental charges At actual
11 Technical Fees (for additional property or property situated outside geographic limit or for pre technical) a. Within 60 km radius: No charges
b. Beyond 60 km: `500 for first visit and `750 for subsequent visits
12 Part-Prepayment Charges
*Part-prepayment will be allowed only once in a financial year.
Type Of Loan   Disbursement Stage Charges Applicable
1. Business Loan
2. Plant & Machinery Loan
3. Medical Equipment Loan
No Part-prepayment allowed No part-prepayment allowed
4. Property Term Loan* Within 6 months of agreement date No part-prepayment allowed
Between  7 to 24 months of agreement date 5% + Service Tax
Between  25 to 36 months of agreement date 3% + Service Tax
After 36 months of agreement date 2% + Service Tax
13 Foreclosure Charges Type Of Loan   Disbursement Stage Charges Applicable
1. Business Loan
2. Property Term Loan
3. Plant & Machinery Loan
4. Medical Equipment Loan
Within 6 months of agreement date No Foreclosure allowed
Between  7 to 24 months of agreement date 5% + Service Tax
Between  25 to 36 months of agreement date 3% + Service Tax
After 36 months of agreement date 2% + Service Tax
14 Demand Draft/Pay Order issuance charges `150 per lac or actual bank charges, whichever is higher + Service Tax.
15 Collection pickup charges `250 per visit + Service Tax
16 Legal Charges Legal charges as applicable on case to case basis
17 Non-encumbrance certificate At actual
18 Conversion charges As applicable
19 Stamp duty/ Franking charges As per applicable law/charges of the relevant property state
20 Duplicate No Dues Certificate `250 + Service Tax
21 Copy of property documents `500 + Service Tax
22 Statement of account/ provisional IT certificates `250 + Service Tax
23 Custodial Fee for property documents in closed loans `500 Per month (post 60 Days from Loan Closure Date) + Service Tax
24 Document retrieval charges on closure of loan `1,000 + Service Tax for loans up to `10 Lac
`2,000 + Service Tax for loans above `10 Lac
25 Cash collection charges 1% of collection amount + Service Tax for cash above `50,000 & above
26 CERSAI Registry / Modification Charges `50 + Service Tax for loans up to `5 lac
`100 + Service Tax for loans above `5 lac

As an entrepreneur, you will always wish that your business grows and flourishes. In order to achieve this, it is important that you make smart financial decisions. Availing an SME Loan at a competitive interest rate will definitely help bridge working capital gaps and shortening receivables cycles.

It is always smarter for small and medium businesses to avail a loan for financial support rather than using own funds. Opt for an SME Loan that offers the lowest interest rates to enable your business to grow and sustain.

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