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 |
|
Upfront Fee* |
For Good Borrowers 0.10% of the Sanctioned
Term Loan subject to a maximum of Rs. 4.00 lacs. For New Borrowers 0.50% of the Sanctioned
Term Loan subject to a maximum of Rs. 4.00 lacs. |
|
Service Charges* |
For Good Borrowers 0.05% of the Sanctioned Term
Loan in lieu of legal charges and reimbursement of expenses on inspections. For New Borrowers 0.40% of the Sanctioned
Term Loan in lieu of legal charges and reimbursement of expenses incurred on
inspections. |
* Service Tax and the Cess
thereon, as levied by Government and applicable from time to time, shall
be extra.
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 8: 0.1% as upfront fee) provided that the applicant meets
the criterion of Good Borrowers Scheme of the Corporation.