APPLICATION AND FEES

 

Applicants desirous of availing financial assistance from the Corporation may submit application in prescribed format along with processing / application fee to the General Manager (Appraisal), RIICO Ltd., Udyog Bhawan, Tilak Marg, Jaipur-302 005 or any of the 26 Unit Offices of the Corporation in the State or the New Delhi Office. The printed application forms are available at the Head Office of the Corporation at Jaipur, Delhi Office at Bikaner House and Unit Offices in Rajasthan on payment of Rs. 100/ -. The application form is also available on RIICO's website i.e. http://www.riico.co.in/loanapp.htm

 

In case application is submitted on downloaded application form, it should be accompanied by DD of Rs. 100/ - in favour of 'RIICO Ltd.' payable at Jaipur.

 

The Corporation is also levying service charges and up- front fee. The details are as per Table as under.

 

DETAILS OF PROCESSING FEE, UPFRONT FEE AND SERVICES CHARGES

Processing Fee*

0.1% of the Term loan applied for (in case of good borrowers as well as new borrowers)

 

Upfront Fee*

For Good Borrowers

0.10% of the Sanctioned Term Loan subject to a maximum of Rs. 4.00 lacs.

 

For New Borrowers

Seeking assistance of above Rs. 1.00 crore @0.50% of the Sanctioned Term Loan subject to a maximum of Rs. 4.00 lacs.

 

Service Charges * in lieu of legal charges & reimbursement of expenses on inspection, etc.

For Good Borrowers

0.05% of the Sanctioned Term Loan subject to a maximum of Rs.4.00 lacs.

 

For New Borrowers

Seeking assistance of above Rs. 1.00 crore, 0.40% of the Sanctioned Term Loan subject to a maximum of Rs.4.00 lacs.

 

* Service Tax and the Cess thereon, as levied by Government and applicable from time to time, shall be extra.

 

In case of Fresh starters seeking loan assistance upto Rs. 1.00 crore, Processing Charges, Service Carges and Upfront Fee shall be charged @ 0.10%, 0.15% and 0.25%, respectively on the loan amount.

 

Note: Composite fee @ 0.25% would be levied on the term loan swapped by the corporation (i.e., 0.1% as processing fee, 0.05% as service charge &  0.1% as upfront fee) shall be charged provided  the applicant meets the criterion of Good Borrowers Scheme of the Corporation.      

 

Updation Date : 31/10/2011              Updation Friquency : As and when required