Are you looking to expand your business? Do you need capital expenditure or a short-term running limit to meet your working capital needs for your business? You can raise funds through a long-term loan against the value of your property up to ₹1 Cr through Asia's safest Bank, DBS Bank. Unlock the value of your assets –Residential or commercial property and raise funds. We can help you monetise your assets without liquidating them.
Additionally, you can also avail of our OverDraft facility to fulfil your working capital needs for your business.
Firms: Micro, small and medium enterprises in trade, manufacturing and services in both individual and non-individual capacity with annual turnover less than ₹5Cr.
* The interest rates will vary based on various parameters such as the Bureau Score, Segments, etc.
Current Repo rate is 6.5%
Display of information related to rates of C-LAP and Annual Percentage Rate (APR)
Q2 ( Apr'24 to Jun'24) (in %) |
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Product |
Min Rate |
Max Rate |
Mean ROI * |
CLAP |
10.00 |
19.00 |
12.76 |
*We charged average fees of 1.59% in Q2 (Apr to Jun'24)
*Mean Rate of Interest is calculated as weighted average of Rate of Interest
Charges |
C-LAP Term Loan/ Overdraft |
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Processing Fee (%) / Renewal Fee (OD/TL) |
Term Loan C-LAP: up to 3% of Sanction Loan amount + GST Initial Login Fee of INR 4000 + GST to be collected at Login stage; the fee is non-refundable in nature Overdraft C-LAP New OD: 1 % of limit amount + GST Renewal: 0.6 % of limit amount + GST |
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Bounce charges (Term Loan) |
INR 500 + GST |
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Repayment schedule charges (Term Loan) |
INR 200 + GST |
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Cheque/SI/ECS/NACH swapping charges (Term Loan) |
INR 500 + GST |
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Property Document Retrieval (OD/Term Loan) |
INR 500 + GST |
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Repricing Fee (Term Loan) |
Up to INR 50 Lakh Outstanding INR 5,000 or 0.5% whichever is lower + GST Greater than INR 50 Lacs Loan Outstanding INR 10,000 or 0.25% whichever is lower + GST |
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Foreclosure charges (Fixed/ Floating) Rate (Term Loan /OD) (Not applicable on floating rate loans to individual borrowers with end use being personal use) |
Term Loan <24 Months: 5% of Loan outstanding 24 – 60 Months: 3% of Loan outstanding >60 months: 2% of loan outstanding Part payment of up to 25% of loan outstanding allowed in a calendar year without charges Overdraft: For Individuals & MSMEs – Nil For others – 2% on the limit in case of takeover by other banks/Fis Nil in case of own source |
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Part Payment (Fixed/Floating) Rate (not applicable on floating rate loans to individual borrowers with end use being personal use) |
Part payment of up to 25% of loan outstanding allowed in a calendar year without charges. Prepayment above 25% of outstanding will be charged at rate (Plus applicable GST) arrived basis loan vintage from disbursement date) as per below grid. <24 Months: 5% of Loan outstanding 24 – 60 Months: 3% of Loan outstanding >60 months: 2% of loan outstanding |
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Loan Cancellation Charges (Term Loan) (Loan cancellation allowed within 30 days from first date of disbursal) The same shall be over and above the applicable interest amount |
INR 5,000+ GST |
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C-LAP New OD (Account maintenance charges) |
INR 5,000 per annum + GST |
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Default Penal Charges (OD/Term Loan) / Material Breach charges |
Amount or % p.a. to be charged |
Frequency |
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Financial Breach – Term Loan: Non-payment of EMI or any other charges and amount as per terms of this Loan Agreement Overdraft - Non-payment of Interest amount or any other charges and amount as per terms of this Loan Agreement |
3% per annum on the overdue EMI will be charged for the defaulted period |
Payable on Monthly basis on EMI due date |
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Security Perfection - Borrower’s default in creation and perfection of first and exclusive mortgage over the Property (“Secured Assets”) within 30 days from the date of disbursal. |
2% per annum will be charged on the outstanding balance |
Payable on quarterly basis |
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Non - Financial Breach – Borrower’s breach of any of the below mentioned conditions:-
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2% per annum will be charged on the outstanding balance |
Payable on quarterly basis |
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2% per annum will be charged on the outstanding balance |
Payable on quarterly basis |
Notes:
Charges can be waived by seeking appropriate business approvals as per DOA matrix on case-to-case basis.
All taxes levied by government (Central / State/ any other government bodies) will be applicable on all fees and charges
The Bank reserves the right to change these fees, rates/charges or re-negotiate them depending upon relationship of a customer
Note: The above stipulated Schedule of Charges is subject to be revised from time to time by the Bank as will be updated on the official website of the Bank
Click here to view
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