SME LOAN Interest Rates & Charges

SME LOAN Interest Rates, Fees & Charges

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 Rs. 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.Charge DescriptionCharge Amount
 Type Of Loan
1Application Fees /Login FeesBusiness Loan Property Term Loan Plant & Machinery Loan Medical Equipments Loan
No feesRs. 10,000 + Applicable GSTNew : No Fee Used : Rs. 5000/- + Applicable GST New : No Fee Used : Rs. 5000/- + Applicable GST
2Processing Fees (Non-Refundable) (% of loan application value)2% + Applicable GST1.25% + Applicable GST2% + Applicable GST1.25 % + Applicable GST
3CERSAI Registry / Modification ChargesRs. 50/- for loans up to Rs. 5 Lakh + Applicable GST
Rs. 100/- for loans above Rs. 5 Lakh + Applicable GST
4Technical 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: Rs. 500/- for first visit and Rs. 750/- for subsequent visits + Applicable GST
5Valuation chargesBusiness Loans: Not applicable
Property Term Loan, Plant & Machinery Loan & Medical Equipment Loan: At Actuals
6Part-Prepayment Charges *Part-prepayment will be allowed only once in a financial year.Type of Loan Disbursement Stage Charges Applicable
  • a. Business Loan
  • b. Plant & Machinery Loan
  • c. Medical Equipment Loan
No part - prepayment allowedNo part - prepayment allowed
Property Term Loan*Within 6 months of agreement dateNo part - prepayment allowed
7-24 months of agreement date5% + Applicable GST
25-36 months of agreement date3% +Applicable GST
After 36 months of agreement date2% + Applicable GST
7Foreclosure ChargesType of Loan Disbursement Stage Charges Applicable
  • a. Business Loan
  • b. Property Term Loan
  • b. Plant& Machinery Loan
  • c. Medical Equipment Loan
Within 6 months of agreement dateNo Foreclosure allowed
7-24 months of agreement date5% + Applicable GST
25-36 months of agreement date3% +Applicable GST
After 36 months of agreement date2% +Applicable GST
8Cheque/ECS bounce chargesRs. 500/- + Applicable GSTper instance
9Bank Charges on Cheque/ECS BounceAt actuals
10Cash collection charges1% of collection amount for Rs. 50,000 & above in cash + Applicable GST
11Overdue Charges on default instalment(EMI/Pre- EMI)18 % Per annum on the outstanding dues
12Demand Draft/Pay Order issuance chargesRs. 150/- per Lakh or actual bank charges, whichever is higher + Applicable GST
13ECS/Cheque swapping chargesRs. 250/- per swap + Applicable GST
14Collection pickup chargesRs. 250/- per visit +Applicable GST
15Conversion charges0.5% of principal outstanding
Conversion scheme can be availed only after 1 year from the date of disbursement
16Legal chargesLegal charges as applicable on case to case basis
17Non-encumbrance certificateAt actuals
18Legal/ repossession and incidental chargesAt actuals
19Stamp duty/ Franking chargesAs per applicable law/charges of the relevant property state
20Duplicate No Dues CertificateRs. 250/- + Applicable GST
21Copy of property documentsRs. 500/- + Applicable GST
22Statement of account/ provisional IT certificatesRs. No Charges once in a Financial Year
Subsequently: Rs. 250/- per statement +Applicable GST
23Custodial Fee for property documents in closed loansRs. 500/- per month (post 60 Days from Loan Closure Date) +Applicable GST
24Document retrieval charges on closure of loanRs. 1,000/- for loans upto Rs. 10 Lakh + Applicable GST
Rs. 2,000/- for loans above Rs. 10 Lakh + Applicable GST
25Foreclosure statement chargesRs. 500/- + Applicable GST

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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