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  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on +44 7831 065557 or visit the nearest Metra Trust branch for further queries.

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FIRST STEP Micro Business Loan

Charges

 FIRST STEP MBL CHARGES CHARGE AMOUNT (in INR)
EMI Bounce charges per presentation 500 (Exclusive of GST)
Penal Charges 2% per month (Exclusive of GST) of the unpaid EMI or ₹300 (Exclusive of GST) whichever is higher
Cancellation & Rebooking charges 10000 within 30 days of disbursement or 1st EMI presentation whichever is earlier, Post 30 days or 1st EMI presentation request for cancellation will be treated as foreclosure (Exclusive of GST)
Processing fees Up to 3.5% of the total amount (Exclusive of GST)
Foreclosure / Prepayment charges 5% of Principal outstanding Exclusive of GST
(Nil Foreclosure Charges for Micro & Small Enterprise Customers.)
Part Payment charges Part Payment is not allowed
Loan re scheduling charges (per re scheduling) 300 Exclusive of Taxes
Duplicate No Objection Certificate Issuance Charges 500 Exclusive of GST
Repayment Schedule 500 Exclusive of GST
Statement of Account 500 Exclusive of GST
Document retrieval charges (per retrieval) 500 Exclusive of GST
Stamping Charges As per actuals
EMI Pick up/ Collection Charges 500 Exclusive of GST
Initial Money Deposit charges Up to 5500 Exclusive of GST
Loan protect Insurance As applicable
Personal Accident Insurance As applicable
Merchant Cover As applicable
Property Insurance As applicable
Facilitation Fee As applicable
EBC Annual Fee (if availed) 500 Exclusive of GST

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