Schedule of Charges – Unsecured Business Loans

Type of transactionCharges (in)
A. LOAN PROCESSING FEE
Loan Applied (first loan or any incremental loan)Upto 4% of the loan amount applied
Refund of Processing FeePre Sanction –fee paid less ₹ 10,000/- as administrative charges Post Sanction – Nil
Application Fees / Initial Money DepositAs applicable from time to time
B. FORECLOSURE CHARGES *
Foreclosure ChargesNot allowed in the first 12 months of the loan start date or 6% of the principal outstanding 5% of principal outstanding

* Please note that GSFT does not charge foreclosure or pre-payment penalties on floating rate term loans sanctioned to individual borrowers (an individual being primary borrower on the loan).The above part prepayment and foreclosure charges are subject to the regulatory requirements and directions prescribed by Reserve Bank of India from time to time.

C. OTHER CHARGES
Legal ChargesAt Actuals
Asset Verification ChargesAt Actuals
Demand Draft ChargesAt Actuals
Demand Draft Cancellation Charges₹ 500
Personal Visit Charges₹ 500
Cash Collection Charges1% of the Receipt / Collected Amount
Duplicate NOC₹ 500
Stamping / Franking ChargesAt Actuals
Stamping Charges₹ 250
Foreclosure Letter Issuance Charges₹ 500
PDC/ ECS / NACH Bounce Charges (per presentation)₹ 750
Repayment Instrument Swap Charges₹ 1,000
Instalment Repayment Date Change (with no other changes)₹ 1,000
Modification of loan terms after first disbursement including but not limited to re-scheduling of loan repayment terms, addition/ deletion of co-borrower(s), etc.Upto 2% of outstanding principal amount
Issuance of duplicate income tax certificate₹ 500 (per copy)
Statement of account₹ 750
Document Retrieval₹ 1,000
Loan Cancellation Charges₹ 10,000 + rate of interest from the date of disbursement till date of request for cancellation
Penal interest3% pm on Instalment overdue

* Please note that the above fee and charges are exclusive of GST or any other government taxes, levies etc. The above schedule of charges is subject to change and will be at sole discretion of GSFT. The changes will be available on GSFT’s website.

Schedule of Charges – Property backed Loans

Type of transactionCharges (in ₹ )
A. LOAN PROCESSING FEE
Loan Applied (first loan or any incremental loan)Upto 4% of the loan amount applied
Refund of Processing FeePre Sanction –fee paid less ₹ 10,000/- as administrative charges Post Sanction – Nil
Application Fees / Initial Money DepositAs applicable from time to time
B. PART PREPAYMENT/ FORECLOSURE CHARGES *
Part Prepayment Charges  1) Less than 1 Year of aging: No Prepayment Allowed
2) Less than 2 Year Aging
(i) Prepayment Upto 25% of Outstanding Principal at the beginning of the Financial Year: 0%
(ii) Prepayment above 25% of Outstanding Principal at the beginning of the Financial Year: 5%
3) Greater than 2 Year Aging
(i) Prepayment Upto 25% of Outstanding Principal at the beginning of the Financial Year: 0%
(ii) Prepayment above 25% of Outstanding Principal at the beginning of the Financial Year: 5%
Foreclosure ChargesNot allowed in the first 12 months of the loan start date or 6% of the principal outstanding 5% of principal outstanding

* Please note that GSFT does not charge foreclosure or pre-payment penalties on floating rate term loans sanctioned to individual borrowers (an individual being primary borrower on the loan). The above part prepayment and foreclosure charges are subject to the regulatory requirements and directions prescribed by Reserve Bank of India from time to time.

C. OTHER CHARGES
Legal ChargesAt Actuals
Technical ChargesAt Actuals
Demand Draft ChargesAt Actuals
Demand Draft Cancellation Charges₹ 500
Personal Visit Charges₹ 500
Cash Collection Charges1% of the Receipt / Collected Amount
Duplicate NOC₹ 500
Document Handling Charges₹ 2,000 (Post closure at the Branch for more than 15 days)
Foreclosure Letter Issuance Charges₹ 500
CERSAI Security Creation Charges (each Property)₹ 500
PDC/ ECS / NACH Bounce Charges (per presentation)₹ 750
Repayment Instrument Swap Charges₹ 1,000
Instalment Repayment Date Change (with no other changes)₹ 1,000
Modification of loan terms after first disbursement including but not limited to re-scheduling of loan repayment terms, addition/ deletion of co-borrower(s), etc.Upto 2% of outstanding principal amount
Issuance of duplicate income tax certificate₹ 500 (per copy)
Property Swapping (subject to acceptance of alternate security by GSFT)Upto 2% of outstanding principal amount
Statement of account₹ 750
Document Retrieval₹ 1,000
Loan Cancellation Charges₹ 10,000 + rate of interest from the date of disbursement till date of request for cancellation
Penal interest2% pm on Instalment overdue

* Please note that the above fee and charges are exclusive of GST or any other government taxes, levies etc. The above schedule of charges is subject to change and will be at sole discretion of GSFT. The changes will be available on GSFT’s website.  

Schedule of Charges – Equipment backed Loans

Type of transactionCharges (in ₹ )
A. LOAN PROCESSING FEE
Loan Applied (first loan or any incremental loan)Upto 4% of the loan amount applied
Refund of Processing FeePre Sanction –fee paid less ₹ 10,000/- as administrative charges Post Sanction – Nil
Application Fees / Initial Money DepositAs applicable from time to time
B. FORECLOSURE CHARGES *
Foreclosure ChargesNot allowed in the first 12 months of the loan start date or 6% of the principal outstanding 4% of principal outstanding

* Please note that GSFT does not charge foreclosure or pre-payment penalties on floating rate term loans sanctioned to individual borrowers (an individual being primary borrower on the loan). The above part prepayment and foreclosure charges are subject to the regulatory requirements and directions prescribed by Reserve Bank of India from time to time.

C. OTHER CHARGES
Legal ChargesAt Actuals
Asset Verification ChargesAt Actuals
Demand Draft ChargesAt Actuals
Demand Draft Cancellation Charges₹ 500
Personal Visit Charges₹ 500
Cash Collection Charges1% of the Receipt / Collected Amount
Duplicate NOC₹ 500
Document Handling Charges₹ 2,000 (Post closure at the Branch for more than 15 days)
Foreclosure Letter Issuance Charges₹ 500
CERSAI Security Creation Charges (each Equipment)₹ 500
PDC/ ECS / NACH Bounce Charges (per presentation)₹ 750
Repayment Instrument Swap Charges₹ 1,000
Instalment Repayment Date Change (with no other changes)₹ 1,000
Modification of loan terms after first disbursement including but not limited to re-scheduling of loan repayment terms, addition/ deletion of co-borrower(s), etc.Upto 2% of outstanding principal amount
Issuance of duplicate income tax certificate₹ 500 (per copy)
Statement of account₹ 750
Document Retrieval₹ 1,000
Loan Cancellation Charges₹ 10,000 + rate of interest from the date of disbursement till date of request for cancellation
Penal interest3% pm on Instalment overdue

* Please note that the above fee and charges are exclusive of GST or any other government taxes, levies etc. The above schedule of charges is subject to change and will be at sole discretion of GSFT. The changes will be available on GSFT’s website.