| Description | Amount/ Percentage of charges | |
|---|---|---|
| Profectus Prime Lending Rate (PPLR) | The Board approved prime lending rate for Profectus Capital Private Limited is 16.05% with effect from October 1, 2024. The rate of interest for all the loans offered by PCPL will be PPLR +/- spread. Profectus Capital follows Risk Based Pricing approach that entails pricing each loan after weighing-in all risks and their corresponding mitigants. | |
| Processing Fee (GST applicable) | Upto 3% of total amount of loan | |
| Stamp duty (GST applicable) | Actuals | |
| Technical Valuation Charges (GST applicable) | Actuals | |
| Legal search charges (GST applicable) | Actuals | |
| Cheque / NACH Bounce Charges | Rs. 1,050.00 for each bounce | |
| Delayed Payment Charges | @ 24% per annum (Exclusive of Tax) on unpaid dues/instalments for the period said amount remains overdue | |
| Default Charges (Non-Payment Default) | @ 2 % per annum (Exclusive of Tax) on principal outstanding till the fulfilment/compliance of sanctioned / disbursement condition. | |
| Cheque Swapping Charges (GST applicable) | Rs 750.00 per swap (Exclusive of Tax) | |
| Prepayment Charges (GST applicable) | For School Funding Program (SFP), Machinery & Equipment Funding and Enterprise Mortgage Loan. Pre-closure charges applicable based on period of pre-closure of account from the date of disbursement, as under:
i) 5% within 12 months of disbursement, ii) 4% 13 to 24 months of disbursement, iii) 3% 25 to 36 months of disbursement iv) 2% >36 months of disbursement For Supply Chain Product: i) 5% within 6 months of disbursement and ii) 4% after 6 months of disbursement For Machinery funding under SME Super product 5% Flat FC charges for entire loan tenure. (the aforesaid charges are exclusive of taxes and subject to the terms and conditions more particularly described in the respective loan documents) |
|
| Part Pre Payment Charges (GST applicable) | A prepayment charges of 2% will be levied on any prepayment made. The maximum prepayment allowed in a year is 25% of the outstanding principal loan amount | |
| Loan cancellation charges (GST applicable) | Rs 10,000.00 (Exclusive of Tax) | |
| Certified copy of loan Statement (per loan) (GST applicable) | The statement is free of charge once per financial year, and thereafter, it will incur a fee of Rs 500 for each subsequent instance, exclusive of tax. | |
| Duplicate NDC / NOC Issuance charges (GST applicable) | Rs 500.00 (Exclusive of Tax) | |
| Copy of Loan Documents (GST applicable) | Rs 500.00 (Exclusive of Tax) | |
| Foreclosure Statement Issuance Charges (GST applicable) | Rs. 500.00 (Exclusive of Tax) | |
| Revalidation of disbursement cheque charges (GST applicable) | Rs. 500.00 (Exclusive of Tax) | |
| Collateral / Assets Inspection Charges (GST applicable) | Rs. 3000/- per visit (Exclusive of tax) | |
| Annual Due Diligence Charges for NBFC Finance (GST applicable) | Rs. 10,000/- if facilities tenure is more than 18 months. | |
| Legal / Collection/ Repossession & Incidental charges | Actuals | |
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