Fees and Charges
Effective from 2nd February, 2004
| APPLICATION FEE* (This is paid upfront) |
| Details |
Charges (FJD) |
| Up to $100,000 |
$50.00 |
| $100,001 and above |
$1,000.00 |
|
* For those loans $100,001 and above, the fee of $1,000 will be treated as establishment fee, only in the event the facility is taken up. |
| ESTABLISHMENT FEES (This is paid upfront in cash upon acceptance of loan offer) |
| Up to $5,000 |
$150.00 |
| $5,001 - $20,000 |
$200.00 |
| $20,001 - $50,000 |
$500.00 |
| $50,001 and above |
1% of loan amount |
| INSPECTION FEE |
| Loans below $20,000, Housing Loan & Agriculture loans over $20,000 |
$20.00 |
| All other loans over $20,000 |
$50.00 |
| BANK FEE |
| Up to $19,999 |
$12.50 per month |
| $20,000 - $50,000 |
$20 per month |
| $50,001 and above |
$40 per month |
| ARREARS FEE (this is a flat rate and is charged on all accounts if repayment due is not paid within 30 days of due date) |
$30.00 or 2.5% of arrears whichever is higher. |
| RESCHEDULING FEE |
$50.00 |
| FNPF TRANSFER FEE |
$100.00 |
| BANK OPINION FEE |
$50.00 |
| PRODUCTION FEE (Mortgage Related) |
$100.00 |
| CARD PROCESSING FEE (visa/mc) |
$3.00 |
| RELEASE OF GUARANTEE |
$50.00 per Guarantor. |
| GUARANTEE FEE |
1% of the guarantee amount |
| DISHONOURED FEE |
$7.50 plus dishonored fee charged by operating bank |
| COMMITMENT FEE* |
1% per annum on the principal amount not disbursed from time to time |
| *Effective 3 months from the date the loan is accepted |
| EARLY RETIREMENT FEE (Without at least 3 months advance notice) |
3 months interest on loan balance retired |
|
PHOTOCOPY FEE |
| Bank statement |
$5.00 per copy |
| Security document |
$1.00 per copy |
| Pages from file |
$0.50 per page |
| SEARCH FEE |
| Company loans |
$40.00 |
| Others |
$10.00 |
| DEED OF PRIORITY |
|
| Up to $200,000 |
$200.00 |
| $200,001 - $500,000 |
$300.00 |
| $500,001 and above |
$500.00 |
| DISCHARGE |
|
| Crop Lien, Notification (over crops & chattels/leases & titles) |
$25.00 |
| Bill of sale, Mortgage, Ship�s mortgage, Lien, Assignment, Guarantee, Removal/withdrawal of caveat |
$50.00 |
| Debenture |
$100.00 |
| SETTLEMENT |
|
| Up to $50,000 |
$100.00 |
| Over $50,000 |
$300.00 |
| UP-STAMPING |
| Company loans |
$100.00 |
| Individual & Others |
$50.00 |
| Renewals |
Same as other docs |
| SECURITY DOCUMENTS* |
|
| DETAILS |
CHARGE (FJD) |
| Up to $50,000 |
$400.00 |
| $50,001 - $100,000 |
$800.00 |
| $100,001 - $500,000 |
$1,200.00 |
| $500,001 and above |
$2,500.00 |
| *For collateral securities, the fee shall be � of the appropriate scale shown above |
|
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