Monthly EMI: 0
Principal Amount: 0
Interest Payable: 0
The fees and charges of business loans usually vary from lender to lender and from case to case. The aforementioned table will give you a fair idea of the fees and charges related to business loans:
| Particulars | Charges |
|---|---|
| Loan Processing Fees | 1.5% to 5% of Loan Amount |
| Loan Cancellation | Usually 0 to 5% of Loan Amount |
| Stamp Duty Charges | 60/- to 600/- |
| Legal Fees | Nil |
| Penal Charges | Nil |
| EMI / Cheque Bounce | Approx 499/- to 599/- |
Other fees and charges that lenders may levy on your business loan include documentation charges, verification charges, duplicate statement charges, NOC certificate charges and swap.