1. Amendment Related to Collateral per Collateral
| No | Description | Term & Tariff |
|---|---|---|
| 1 | Amendment Related to Collateral per Collateral | |
| 1.1 | Collateral substation fee | 2,500.00 |
| 1.2 | Collateral Release fee | 2,500.00 |
| 1.3 | Amendment related to collateral | 2,500.00 |
| 1.4 | Allowing collateral to be registered as second party per each collateral | 5,000.00 |
| 1.5 | Revaluation Of Collateral | As per the new rate |
| 1.6 | Appeal on Collateral | 2,000.00 |
| 1.7 | Registration of initial notice | 500 |
| 1.8 | Extending the period of effectiveness of initial notice | 100 |
2. Collateral Estimation
| No | Description | Term & Tariff |
|---|---|---|
| 2 | Collateral Estimation | |
| 2.1 | Residential Building/apartment unit | 900+400 for each unit |
| 2.2 | Residential Building with more than one floor | 900+100/floor |
| 2.3 | Hotel, Guesthouse, commercial building and apartment | 1,500+150/floor |
| 2.4 | Store, warehouse and factories | 850+150/floor |
| 2.5 | Fuel station | 850/tanker for building as per the above rate |
| 2.6 | Flower Farm | 1,500/greenhouse+150/block for buildings |
| 2.7 | Coffee hulling and washing station | 2,300.00/site |
| 2.8 | Coffee and other plantation | 400/hectare but not more than 0.5% of the loan |
| 2.9 | Staff housing | free |
3. Movable collateral Management fee
| No | Description | Term & Tariff |
|---|---|---|
| 3 | Movable collateral Management fee | |
| 3.1 | Motor Vehicle | 500/Booklet |
| 3.2 | Factory Machinery | 1,000.00/machinery up to 6 Mill
3,000/plant up to 20 Mill 10,000/plant if its above 20 Mill |
| 3.3 | Construction Machinery and Equipment | 600 each |
4. Credit Processing fee
| No | Description | Term & Tariff |
|---|---|---|
| 4 | Credit Processing fee | |
| 4.1 | New credit facility | For financing amount up to 10 million, 0.05%/minimum 5000 For financing amount of 10-100 million, 0.075%/minimum 7,500 For financing amount > 100 million, 0.1%/minimum 100,000 |
| 4.2 | Renewal of existing facility | 75% of the financing processing fee based on the facility limit |
| 4.3 | Renewal at increasing existing limit | 75% of the financing processing fee shall be charged on the existing limit and the incremental balance shall be charged as new facility mentioned above under 4.1 |
| 4.4 | Renewal of expired facilities not more than a month | 0.05% of the limit (Minimum Birr 3000) |
| 4.5 | financing approval on CCR | 2,000.00 |
5. Renegotiated loans
| No | Description | Term & Tariff |
|---|---|---|
| 5 | Renegotiated loans | |
| 5.1 | Waiver of repayment | 75% of the loan processing fee based on the outstanding balance (minimum Birr 5,000) |
| 5.2 | Rescheduling | 75% of the loan processing fee based on the outstanding balance (minimum Birr 5,000) |
| 5.3 | Amendment of repayment | 75% of the loan processing fee based on the outstanding balance (minimum Birr 5,000) |
| 5.4 | Transfer of financing file (excluding staff) | 10,000.00 |
| 5.5 | Guarantee extension/amendment fee | 3,000.00 |
| 5.6 | Guarantee conversion to term financing | 10,000.00 |
| 5.7 | Credit approval confirmation fee | 5,000.00 |
| 5.8 | Any letter regarding credit facility to be issued at the request of the borrower/customer/supplier | 500 |
| 5.9 | Special Mention follow up fee | 1.5/month on installment amount (minimum 1,000 birr) |
| 5.10 | NPL follow up fee | an increase of 3% penalty on the existing rate |
| 5.11 | Additional Grace period for Project Loans | 2,500.00 |
6. Movable collateral Management fee
| No | Description | Term & Tariff |
|---|---|---|
| 6 | Financing reapproval fee | |
| 6.1 | Commitment fee for unutilized fund after re approval | 0.5% of the outstanding loan balance min 10,000.00 |
| 6.2 | Arrangement fee | 0.5% of the outstanding loan balance to be renegotiated but not more than 200,000.00 birr |
7. Other IFB Terms And Tariffs
| No | Description | Term & Tariff |
|---|---|---|
| 7 | Cancellation/Suspension of foreclosure decision | up to 10 mill 5000/case 10 Million up to 50 million 10,000/case above 50 Million 25,000.00 on cash |
| 8 | Insurance Premium payment charge | 10.5% of the insurance premium (minimum birr 3,000) |
| 9 | financing re-approval by the reason of the customer | 5,000.00 |
| 10 | Merchandise Loan Handling charge | |
| 10.1 | Each time a Merchandise is pledged/released | 5,000.00/2,000.00 |
| 11 | Appeal | 2,500.00 |
| 12 | Credit Early settlement | 1,000.00 |
| 13 | Settlement of Pre-shipment loan in Birr | 5% on the amount which makes hard core and converted to term loan only |