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FIRST STEP Micro Business Loan

FIRST STEP MBL CHARGES	CHARGE AMOUNT (in INR)
EMI Bounce charges per presentation	500 (Exclusive of GST)
Penal Charges	2% per month (Exclusive of GST) of the unpaid EMI or ₹300 (Exclusive of GST) whichever is higher
Cheque/ Instrument Swap charges (per swap)	500 (Exclusive of GST)
Cancellation & Rebooking charges	10000 within 30 days of disbursement or 1st EMI presentation whichever is earlier, Post 30 days or 1st EMI presentation request for cancellation will be treated as foreclosure (Exclusive of GST)
Processing fees	Up to 3.5% of the total amount (Exclusive of GST)
Foreclosure / Prepayment charges	5% of Principal outstanding Exclusive of GST
Part Payment charges	Part Payment is not allowed
Loan re scheduling charges (per re scheduling)	300 Exclusive of Taxes
Duplicate No Objection Certificate Issuance Charges	500 Exclusive of GST
Repayment Schedule	500 Exclusive of GST
Statement of Account	500 Exclusive of GST
Document retrieval charges (per retrieval)	500 Exclusive of GST
Stamping Charges	As per actuals
EMI Pick up/ Collection Charges	500 Exclusive of GST
Initial Money Deposit charges	Up to 5500 Exclusive of GST
Loan protect Insurance	As applicable
Personal Accident Insurance	As applicable
Merchant Cover	As applicable
Property Insurance	As applicable
Facilitation Fee	As applicable
EBC Annual Fee (if availed)	500 Exclusive of GST

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