Schedule of charges for Unsecured Business Loan

Schedule of charges for Unsecured Business Loan


w.e.f. October 15, 2017

 Fee Type  Charges
Documentation and processing fees Up to 3% of loan amount disbursed
Loan prepayment terms For fixed and floating rate loan:
• 5% of the principal outstanding at the time of foreclosure
• No part payment is allowed
• Prepayment is allowed only after 9 months from the date of disbursal
Charges for unsuccessful execution of standing instruction for payment / Cheque/ ECS / NACH bounce charge Rs. 500
Default interest rate 24% per annum
Stamp duty charges on loan agreement As applicable depending on local regulations
Post dated cheques / ECS / NACH / SI swap charges Rs. 500
Taxes and other government levies As applicable

Deutsche Bank AG, India (“Bank”) reserves the right to request for such documentation and information as it deems necessary to process the loan application. Approval of loan shall be at the sole discretion of the Bank. The loan shall be subject to due execution of requisite legal documents. Charges as mentioned are subject to change and shall attract, taxes and other government levies, as applicable..