Commercial Credit

Some fees/service charges are subject to ABB

Effective October 1, 2019

 

COMMERCIAL CREDIT FEES*

 

 

Charges

Closing fee (% dependent on the loan amount) 

6%: <$ 5,000
5,5%: $ 5,001 - $ 10,000
4,5%: $ 10,001 - $ 25,000
3,5%: $ 25,001 - $ 40,000
2,5%: $ 40,001- $ 300,000
1,5%: >300,001 negotiable with a minimum of 0.5

Loan refinancing/ restructuring fee Same as a closing fee on increase only
Standby Fee 0.35% per quarter on undrawn balance for all loans
Bank guarantee/ letters of intent 2% per annum (local)
3% per annum (foreign)
Minimum $ 100

Loan refinancing/ restructuring fee

Same as a closing fee on increase only

Credit Commission 0.25% per quarters
Auditors confirmation $  40
Temporary overrun fees

For TO’s with terms of max 3 months:
$250:      <$ 5,000
$300:      $ 5,001 -  $ 10,000
$350:      $ 10,001 - $ 25,000
$400:      $ 25,001 -$ 40,000
$500:      $ 40,001- $ 300,000
>300,001 negotiable     

For TO with terms exceeding 3 months: Increase fee above with $100

Renewal fee

Corporate
1,5%: < $100,000
1%:    $100,001- $ 300,000
0.5%: >$ 300,000

SBU
$250: < $50,000
$500: > $ 50.000

Late fees (Business)

2% (with a minimum of $10)