Fees and charges of personal loan
Bajaj Finserv offers attractive interest rates on personal loans up to Rs. 25 lakh to help you meet a range of financial requirements. Get collateral-free loans with minimum documentation, flexible tenor and disbursal within 24 hours of approval.
With Bajaj Finserv Personal Loan, you do not have to worry about any hidden fees or charges.
Here are more details on the personal loan interest rates and charges:
Types of fees |
Charges applicable |
Personal loan interest rates |
13% onwards |
Processing fees |
Up to 4% of the loan amount (plus applicable taxes) |
Bounce charges |
Rs. Rs. 600 - Rs. 1,200 per bounce (Inclusive of applicable taxes) |
Penal interest |
Any delay in payment of Monthly Instalment/ EMI shall attract penal interest at the rate of 2% to 4% per month on the Monthly Instalment/ EMI outstanding, from the date of default until the receipt of Monthly Instalment/ EMI. |
Stamp duty |
At actuals (as per state) |
Foreclosure charges of personal loan
Loan variant |
Charges |
Term loan |
4% plus applicable taxes on principal outstanding amount as on the date of such full pre-payment |
Flexi term loan |
4% plus applicable taxes on total withdrawable amount* (*total loan amount that you can withdraw under Flexi loan from time to time as per the repayment schedule) on the date of levy of such charges). |
Flexi Hybrid loan |
4% plus applicable taxes on total withdrawable amount* (*total loan amount that you can withdraw under Flexi loan from time to time as per the repayment schedule) on the date of levy of such charges). |
Part-prepayment charges of personal loan
Borrower type |
Time period |
Part-prepayment charges |
All borrowers |
More than one month from date of loan disbursal |
2% + applicable taxes on part-payment amount paid* |
*Part-prepayment made should be more than one EMI.
*These charges not applicable for Flexi loan facility.
Annual/ additional maintenance charges
Loan variant |
Charges |
Flexi term loan |
0.25% plus applicable taxes, on the total withdrawable amount irrespective of utilisation on date of levy of such charges |
Flexi Hybrid loan |
0.25% plus applicable taxes, on the total withdrawable amount irrespective of utilisation on date of levy of such charges |
*These charges will be levied annually.
Fees and charges of dealer banker home loan
Fees and charges for dealer banker home loan are as follows:
Types of fees |
Applicable charges |
Rate of interest |
6.75%* onwards |
Processing fees |
Up to Up to 7% of the loan amount (plus applicable taxes) |
Bounce charges |
Rs. 3,000 (Inclusive of applicable taxes) |
Penal interest (applicable in case of non-payment of monthly instalment on/ before the due-date) |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 2% per month on the monthly instalment/ EMI outstanding, from the date of default until the receipt of monthly instalment/ EMI. |
Document processing charges |
Rs. 1,710 to Rs. 2,360 (inclusive of applicable taxes) |
Stamp duty |
At actuals (as per State) |
CERSAI charges |
At actuals |
Document/ statement charges |
Download your e-statements/ letters/ certificates at no extra cost by logging into the customer portal – Experia. |
Annual/ additional maintenance charges
Loan variant |
Charges |
Term loan |
Nil |
Flexi variant |
0.25% plus applicable taxes of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charge. Please note this is applicable only on Flexi Variant. |
Pre-payment charges
Pre-payment charges will apply to the loan/s availed by the borrower as per the details mentioned below:
Floating rate of interest |
||
|
Term loan |
Flexi loan |
Time period (months) |
>1 |
>1 |
Full pre-payment (foreclosure) charges |
Nil |
Nil |
Part pre-payment charges |
Nil |
Nil |
|
||
Fixed rate of interest |
||
|
Term loan |
Flexi loan |
Time period (months) |
>1 |
>1 |
Full pre-payment (foreclosure) charges |
4% plus applicable taxes on the outstanding loan amount payable by the borrower on the date of such full pre-payment |
4% plus applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full Pre-Payment |
Part pre-payment charges |
Part pre-payment charges 2%* plus applicable taxes of the principal amount of loan prepaid on the date of such part pre-payment |
Nil |
Fees and charges of business loan
Bajaj Finserv offers. the lowest rate of interest on business loan. Read more about our latest interest rate and fees and charges below.
Types of fees |
Applicable charges |
Rate of interest |
17% p.a. onwards |
Processing fees |
Up to 2% of the loan amount (Plus Applicable Taxes) |
Bounce charges |
Up to Rs. 3,000 (inclusive of applicable taxes) |
Penal interest (applicable in case of non-payment of monthly instalment on/ before the due-date) |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 2% per month on the monthly instalment/ EMI outstanding, from the date of default until the receipt of monthly instalment/ EMI. |
Document processing charges |
Rs. 2,360 (Inclusive of all taxes) |
Stamp duty |
At actuals (as per State) |
Mandate rejection charges |
Rs. 450 (Inclusive of applicable taxes) will be applicable if the new mandate form is not registered within 30 days from the date of rejection of the previous mandate form by the customer’s bank by any reason whatsoever. |
Annual/ additional maintenance charges
Loan variant |
Charges |
Loan (term loan/ advance EMI/ step-up structured monthly instalment/ step-down structured monthly instalment) |
0.25% plus applicable taxes of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. |
Flexi Hybrid loan |
1% plus applicable taxes of the total withdrawable amount during initial tenor. 0.25% plus applicable taxes of the total withdrawable amount during subsequent tenor. |
Note: Annual/ additional maintenance charge is deducted upfront every year for the complete tenor of the loan.
Foreclosure charges
Loan variant |
Charges |
Loan (term loan/ advance EMI/ step-up structured monthly instalment/ step-down structured monthly instalment) |
4% plus applicable taxes on the outstanding loan amount payable by the borrower on the date of such full pre-payment |
Flexi term loan |
4% plus applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full Pre-Payment. |
Flexi Hybrid loan |
4% plus applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full Pre-Payment. |
Part-prepayment charges
Borrower type |
Time period |
Part-prepayment charges |
Not applicable if the borrower is an Individual and the loan is availed on floating interest rate and not applicable for Flexi term loan/ Hybrid flexi variant |
More than one month from date of loan disbursal. |
2% plus applicable taxes on part-payment amount paid. |
Fees and charges of gold loan
The following charges are applicable on gold loan:
Type of fees |
Applicable charges |
Interest rate |
11% p.a. onwards |
Documentation charges |
Rs. 25 to Rs. 150 (inclusive of applicable taxes) |
Stamp duty |
At actuals (as per State) |
Penal interest |
3% per annum on Outstanding Balance |
Foreclosure charges |
Nil |
Cash handling charges |
Rs. 50 (inclusive of applicable taxes) |
Part payment charges |
Nil |
Statement of account/ repayment schedule/ foreclosure letter/ no dues certificate/ interest certificate/ list of documents |
Download your e-statements/ letters/ certificates at no extra cost by logging into the customer portal– Experia. You can get a physical copy of your statements/ letters/ certificates/ list of documents from any of our branches at a charge of Rs. 50 (inclusive of applicable taxes) per statement/ letter/ certificate. |
Auction charges (inclusive of applicable taxes) |
Demand notice 1 - Rs. 40 |
Fees and charges of dealer banker LAP
Fees and charges for dealer banker LAP are as follows:
Types of fees |
Applicable charges |
Rate of interest |
8.40%* p.a. onwards |
Processing fees |
Up to Up to 7% of the loan amount (Plus applicable taxes) |
Bounce charges |
Rs. 3,000 (inclusive of applicable taxes) |
Penal interest (applicable in case of non-payment of monthly instalment on/ before the due- date) |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 2% per month on the monthly instalment/ EMI outstanding, from the date of default until the receipt of monthly instalment/ EMI. |
Document processing charges |
Rs. 1,710 to Rs. 2,360 (inclusive of applicable taxes) |
Stamp duty |
At actuals (as per state) |
CERSAI charges |
At actuals |
Statement of account/ repayment schedule/ foreclosure letter/ no dues certificate/ interest certificate/ list of documents |
Download your e-statements/ letters/ certificates at no extra cost by logging into the customer portal – Experia. |
Annual/ additional maintenance charges
Loan variant |
Charges |
Term loan |
Nil |
Flexi variant |
0.25% plus applicable taxes of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charge. Please note this is applicable only on Flexi variant. |
Pre-payment charges
Pre-payment charges will apply to the loan/s availed by the borrower as per the details mentioned below:
Floating rate of interest |
||
|
Term loan |
Flexi loan |
“Loan can be foreclosed only after paying at least one EMI” |
>1 |
>1 |
Full pre-payment (foreclosure) charges |
4% + applicable taxes on the outstanding loan amount payable by the borrower on the date of such full pre-payment |
4% +applicable taxes except where borrower is an individual and loan is for purpose other than business. |
Part pre-payment charges |
2%* + applicable taxes of the principal amount of loan prepaid on the date of such part pre-payment (not applicable where borrower is an individual and loan is for purpose other than business) |
NA |
|
||
Fixed rate of interest |
||
|
Term loan |
Flexi loan |
Loan can be foreclosed only after paying at least one EMI |
>1 |
>1 |
Full pre-payment (foreclosure) charges |
4% + applicable taxes on the outstanding loan amount payable by the borrower on the date of such full pre-payment |
4% + applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment |
Part pre-payment charges |
Part pre-payment charges 2% + applicable taxes of the principal amount of loan prepaid on the date of such part pre-payment |
NA |
Fees and charges of Flexi conversion for dealer banker LAP loan are as follows:
Types of fees |
Applicable charges |
Rate of interest |
9.99% p.a. onwards |
Processing fees |
1% to 4% of the loan amount outstanding (plus applicable taxes) |
Stamp duty |
At actuals (as per state) |
Bounce charges |
Rs. 3,000 (inclusive of applicable taxes) |
Penal interest |
2% per month on the amount of monthly instalment outstanding as on that date |
Statement of account/ repayment schedule/ foreclosure letter/ no dues certificate/ interest certificate/ list of documents |
Download your e-statements/ letters/ certificates at no extra cost by logging into the customer portal – Experia. You can get a physical copy of your statements/ letters/certificates/ list of documents from any of our branches at a charge of Rs. 50 (inclusive of applicable taxes) per statement/ letter/ certificate. |
Annual/ additional maintenance charges
Loan variant |
Applicable charges |
Flexi Hybrid |
Annual maintenance charge will be applicable every year at 0.25% + applicable taxes of total withdrawable amount (as per the repayment schedule) on the date of levy such charges. |
Prepayment Charges
Charges |
Flexi Hybrid loan (fixed/ floating rate of interest) |
Time period (months) |
>1 |
Full pre-payment (foreclosure) charges |
4% +applicable taxes plus except where borrower is an individual and loan is for purpose other than business. Charges levy on the total withdrawable amount as per the repayment schedule, on the date of such full pre-pay. |
Part pre-payment charges |
Nil |
Fees and charges of loan against securities
The following charges are applicable on loan against securities:
Types of fees |
Charges applicable |
Interest rate |
10% p.a. + applicable taxes |
Processing fees |
Rs. 1,000 + applicable taxes |
Interest and principal statement charges |
NIL |
Foreclosure charges |
NIL |
Pre-payment charges |
NIL |
Bounce charges |
Rs. 1,200 per bounce (inclusive of applicable taxes) per bounce (Inclusive of applicable taxes) |
Penal interest |
2% per month + applicable taxes per month |
Document/ statement charges |
Download your e-statements/ letters/ certificates at no extra cost by logging into the customer portal – Experia. |
*Applicable only for online application for a Loan Against Securities.
Fees and charges of used car finance
The following charges are applicable on used car finance:
Types of fees |
Charges applicable |
Processing fee |
Up to 4% plus applicable taxes |
Stamp duty |
At actuals (as per State) |
Documentation charges |
Rs. 2,360 (inclusive of applicable taxes) (recently updated) |
Loan re-booking |
Rs. 1,000 (Inclusive of applicable taxes) |
Loan cancellation charges |
Rs. 2,360 (Inclusive of applicable taxes) |
Bounce charges |
2,000 (Inclusive of applicable taxes) |
Penal interest |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 2% per month on the monthly instalment/ EMI outstanding, from the date of default until the receipt of monthly instalment/ EMI. |
Legal, repossession and incidental charges |
At actuals |
NDC for interstate transfer |
Rs. 1,000 plus applicable taxes |
NDC to convert from private to commercial |
Rs. 3,000 plus applicable taxes |
Duplicate NDC |
Rs. 500 (Inclusive of all taxes) |
Statement of account/ repayment schedule/ foreclosure letter/ interest certificate/ list of documents |
Download your e-statements/ letters/ certificates at no extra cost by logging into the customer portal – Experia. You can get a physical copy of your statements/ letters/ certificates/ List of documents from any of our branches at a charge of Rs. 50 (Inclusive of applicable taxes) per statement/ letter/ certificate. |
Mandate rejection charges |
Rs. 450 (Inclusive of applicable taxes) will be applicable if the new mandate form is not registered within 30 days from the date of rejection of the previous mandate form by the customer’s bank by any reason whatsoever. |
Pre-payment Charges and Annual Maintenance Charges
Loan Variants |
Full Pre-Payment (Foreclosure) Charges.(Foreclosure can be processed post clearance of 6th EMI) |
Part Payment Charges |
Annual Maintenance Charges |
Term loan |
4% plus applicable taxes on the outstanding loan amount payable by the borrower on the date of such full pre-payment |
4% plus applicable taxes of the principal amount of loan prepaid on the date of such part pre-payment |
Not applicable |
Flexi Hybrid |
4% plus applicable taxes of the total withdrawable amount as per the repayment schedule, during initial and subsequent tenor on the date of such full pre-payment |
Not applicable |
Initial tenor: (a) For 1st year of initial tenor: Nil (b) For 2nd year of initial tenor: 1.25% plus applicable taxes of total withdrawable amount, which will be charged at the beginning of year. Subsequent tenor: 0.25% plus applicable taxes of total withdrawable amount, which will be charged at the beginning of year. |
Fees and charges of UCF Flexi conversion loan
The following charges are applicable on UCF Flexi conversion loan:
Types of fees |
Charges applicable |
Processing fee of conversion |
Up to 4% plus applicable taxes |
Stamp duty |
At actuals (as per state) |
Loan cancellation charges |
Rs. 2,360 (inclusive of applicable taxes) |
Bounce charges |
Rs. 2,000 (Inclusive of applicable taxes) |
Penal interest |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 2% per month on the Monthly Instalment/ EMI outstanding, from the date of default until the receipt of Monthly Instalment/ EMI. |
Legal, repossession and incidental charges |
At actuals |
NDC for interstate transfer |
Rs. 1,000 plus applicable taxes |
NDC to convert from private to commercial |
Rs. 3,000 plus applicable taxes |
Full pre-payment (foreclosure) charges. (Foreclosure can be processed post clearance of 6th EMI) |
4% of the total withdrawable amount plus applicable taxes as per the repayment schedule, during initial and subsequent tenor on the date of such full pre-payment |
Part payment charges |
Nil |
Annual maintenance charges |
Initial tenor: |
Duplicate NDC |
Rs. 500 (inclusive of taxes) |
Statement of account/ repayment schedule/ foreclosure letter/ interest certificate/ list of documents |
Download your e-statements/ letters/ certificates at no extra cost by logging into the customer portal – Experia. You can get a physical copy of your statements/ letters/ certificates/ list of documents from any of our branches at a charge of Rs. 50 (inclusive of applicable taxes) per statement/ letter/ certificate. |
Fees and charges of loan for doctors
Bajaj Finserv offers the lowest doctor loan rate of interest. Read more about our doctor loan interest rate and charges below.
The following fees and charges are applicable on a personal loan and business loan for doctors:
Types of fees |
Charges applicable |
Rate of interest |
14% - 17% p.a. |
Processing fee |
Up to 2% of the loan amount (plus applicable taxes) |
Penal interest |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 2% per month on the monthly instalment/ EMI outstanding, from the date of default until the receipt of monthly instalment/ EMI. |
Document processing charges |
Rs. 2,360 (Inclusive of applicable taxes) |
Bounce charges |
Up to Rs. 3,000 (inclusive of applicable taxes) |
Stamp duty |
At actuals (as per state) |
Mandate rejection charges |
Rs. 450 (Inclusive of applicable taxes) will be applicable if the new mandate form is not registered within 30 days from the date of rejection of the previous mandate form by the customer’s bank by any reason whatsoever. |
Annual/ additional maintenance charges
Loan variant |
Charges |
Flexi term loan |
0.25% plus applicable taxes of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. |
Flexi Hybrid loan |
0.25% to 0.50% plus applicable taxes of the total withdrawable amount during initial tenor. 0.25% plus applicable taxes of the total withdrawable amount during subsequent tenor. |
Foreclosure charges
Loan variant |
Charges |
Loan (term loan/ advance EMI/ step-up structured monthly instalment/ step-down structured monthly instalment) |
4% plus applicable taxes on the outstanding loan amount payable by the borrower on the date of such full pre-payment |
Flexi term loan |
4% plus applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment. |
Flexi Hybrid loan |
4% plus applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment. |
Part-prepayment charges
Borrower type |
Time period |
Part-prepayment charges |
Not applicable if the borrower is an individual and the loan is availed on floating interest rate and not applicable for Flexi term loan/ Flexi Hybrid variant |
More than one month from date of loan disbursal |
2% plus applicable taxes on part-payment amount paid |
Fees and charges of chartered accountant loan
Fees and charges for business loan for chartered accountant are as follows-
Types of fees |
Applicable charges |
Interest rate |
14% to 17% p.a. |
Processing fee |
Up to 2% of the loan amount (Plus Applicable Taxes) |
Bounce charges |
Up to Rs. 3,000 (Inclusive of applicable taxes) |
Penal interest (applicable in case of non-payment of monthly instalment on/ before the due date) |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 2% per month on the monthly instalment/ EMI outstanding, from the date of default until the receipt of monthly instalment/ EMI. |
Document processing charges |
Rs. 2,000 plus applicable taxes |
Stamp duty |
At actuals (as per state) |
Annual/ additional maintenance charges
Loan variant |
Charges |
Flexi term loan |
0.25% plus applicable taxes of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. |
Flexi Hybrid loan |
0.25% to 0.5% plus applicable taxes of the total withdrawable amount during initial tenor. 0.25% plus applicable taxes of the total withdrawable amount during subsequent tenor. |
Foreclosure charges
Loan variant |
Charges |
Loan (term loan/ advance EMI/ step-up structured monthly instalment/ step-down structured monthly instalment) |
4% plus applicable taxes on the outstanding loan amount payable by the borrower on the date of such full pre-payment |
Flexi term loan |
4% plus applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment. |
Flexi Hybrid loan |
4% plus applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment. |
Part-prepayment charges
Borrower type |
Time period |
Part-prepayment charges |
Not applicable if the borrower is an Individual and the loan is availed on floating interest rate and not applicable for Flexi term loan/ Flexi Hybrid variant |
More than one month from date of loan disbursal. |
2% plus applicable taxes on part-payment amount paid. |
Fees and charges of fixed deposit
Investing in a Bajaj Finance Fixed Deposit can help you get guaranteed returns, so you can grow your savings easily. With the highest credibility ratings by CRISIL and ICRA, you can safeguard your savings easily and choose your tenor and payout frequency.
With Bajaj Finance Fixed Deposit, multiply your savings easily and choose your tenor as per your convenience. Here are more details on the interest rates offered:
Annual rate of interest valid for deposits up to Rs. 5 crore (w.e.f. 01 Dec 2021)
For citizens below 60 years of age:
Tenor in months |
Minimum deposit (in Rs.) |
Cumulative |
Non-cumulative |
|||
Monthly |
Quarterly |
Half-yearly |
Annual |
|||
12 – 23 |
25,000 |
5.75% p.a. |
5.60% p.a. |
5.63% p.a. |
5.67% p.a. |
5.75% p.a. |
24 – 35 |
6.40% p.a. |
6.22% p.a. |
6.25% p.a. |
6.30% p.a. |
6.40% p.a. |
|
36 - 60 |
7.00% p.a. |
6.79% p.a. |
6.82% p.a. |
6.88% p.a. |
7.00% p.a. |
For senior citizens:
Tenor in months |
Minimum deposit (in Rs.) |
Cumulative |
Non-cumulative |
|||
Monthly |
Quarterly |
Half Yearly |
Annual |
|||
12 – 23 |
25,000 |
6.00% p.a. |
5.84% p.a. |
5.87% p.a. |
5.91% p.a. |
6.00% p.a. |
24 – 35 |
6.65% p.a. |
6.46% p.a. |
6.49% p.a. |
6.54% p.a. |
7.25% p.a. |
|
36 - 60 |
7.25% p.a. |
7.02% p.a. |
7.06% p.a. |
7.12% p.a. |
7.25% p.a. |
Rate benefits basis customer category (w.e.f. 1st December 2021):
up to 0.25% for senior citizens
Fees and charges of platinum choice SuperCard
The following charges are applicable on platinum choice SuperCard
Types of fees |
Charges applicable |
Joining fee |
Rs. 499 + GST |
Annual fee |
Rs. 499 + GST |
Add-on card fees |
Nil |
Foreign currency transaction** |
3.5% + GST |
Cash payment at branches |
Rs. 250 + GST cash deposit transaction done at RBL branch and Bajaj Finserv branch |
Surcharge on purchase/ cancellation of railway tickets |
IRCTC service charges * + payment gateway. transaction charge [up to 1.8% + GST of (ticket amount + IRCTC service charge). |
Fuel transaction charge - for transaction made at petrol pumps to purchase fuel^ |
1% + GST surcharge on fuel transaction value or Rs. 10 + GST, whichever is higher |
Reward redemption fees |
A reward redemption fee of Rs. 99 + GST will be levied on all redemptions made on Bajaj Finserv RBL Bank SuperCards w.e.f. June 01, 2019. T&C apply |
Cash advance transaction fee |
2.5% + GST of the cash amount (minimum Rs. 500 + GST) |
Overdue interest on extended credit |
Up to 3.99% + GST per month or 47.88% + GST per annum |
Overdue interest on secured credit cards |
3.33% + GST per month or 40% + GST per annum |
Overdue penalty/ late payment |
15% + GST of total amount due (Min Rs. 50 and Max Rs. 1,500 + GST) |
Over-limit penalty |
Rs. 600 + GST |
Finance charges (retail purchases and cash) |
APR up to 3.99% + GST p.m. (up to 47.88% + GST p.a.) |
Call-a-draft fee |
2.5% + GST (min Rs. 300 + GST) of the draft amount |
Card replacement (lost/ stolen/ reissue/ any other replacement) |
Nil (recently updated) |
Duplicate statement fee |
Nil (recently updated) |
Charge slip retrieval/ copy fee |
Rs. 100 + GST |
Outstation cheque fee |
Rs. 100 + GST |
Cheque return/ dishonour fee auto debit reversal-bank account out of funds |
Rs. 500 + GST |
All the above charges are subject to change under various marketing programs. The cardmember will be informed about these changes.
^ The surcharge is applicable on minimum fuel transactions of Rs. 500 and maximum of Rs. 4,000. Maximum surcharge waiver is Rs. 100 for platinum SuperCards, Rs. 200 for world plus SuperCard and Rs. 150 for all other world SuperCards.
* Refer to IRCTC website for details
** Transactions at merchant establishments that are registered overseas even if the merchant is located in India attract a cross border charge
Fees and charges of platinum choice first-year free SuperCard
The following charges are applicable on platinum choice first-year free SuperCard:
Types of fees |
Charges applicable |
Annual fee |
Rs. 499 + GST |
Add-on card fees |
NIL |
Foreign currency transaction** |
3.5% + GST |
Cash payment at branches |
Rs. 250 + GST cash deposit transaction done at RBL branch and Bajaj Finserv branch |
Surcharge on purchase/ cancellation of railway tickets |
IRCTC service charges* + payment gateway transaction charge (Up to 1.8% + GST of ticket amount + IRCTC service charge). |
Fuel transaction charge for transaction made at petrol pumps to purchase fuel^ |
1% + GST surcharge on fuel transaction value or Rs. 10 + GST, whichever is higher |
Reward redemption fees |
A reward redemption fee of Rs. 99 + GST will be levied on all redemptions made on Bajaj Finserv RBL Bank SuperCards w.e.f. June 01, 2019. T&C Apply |
Cash advance transaction fee |
2.5% + GST of the cash amount (Minimum Rs. 500 + GST) |
Overdue interest on extended credit |
Up to 3.99% + GST per month or 47.88% + GST per annum |
Overdue interest on secured credit cards |
3.33% + GST per month or 40% + GST per annum |
Overdue penalty/ late payment |
15% + GST of total amount due (Min Rs. 50 and Max Rs. 1,500 + GST) |
Over-limit penalty |
Rs. 600 + GST |
Finance charges (retail purchases and cash) |
APR up to 3.99% + GST p.m. (up to 47.88% + GST p.a.) |
Call-a-draft fee |
2.5% + GST (min Rs. 300 + GST) of the draft amount |
Card replacement (lost/ stolen/ reissue/ any other replacement) |
Nil (recently updated) |
Duplicate statement fee |
Nil (recently updated) |
Charge slip retrieval/ copy fee |
Rs. 100 + GST |
Outstation cheque fee |
Rs. 100 + GST |
Cheque return/ dishonour fee auto debit reversal-bank account out of funds |
Rs. 500 + GST |
All the above charges are subject to change under various marketing programs. The cardmember will be informed about these changes.
^ The surcharge is applicable on minimum fuel transactions of Rs. 500 and maximum of Rs. 4,000. Maximum surcharge waiver is Rs. 100 for platinum SuperCards, Rs. 200 for world plus SuperCard and Rs. 150 for all other world SuperCards.
* Refer to IRCTC website for details
** Transactions at merchant establishments that are registered overseas even if the merchant is located in India attract a cross border charge
Fees and charges of platinum plus SuperCard
The following charges are applicable on platinum plus SuperCard:
Types of fees |
Charges applicable |
Joining fee |
Rs. 999 + GST |
Annual fee |
Rs. 999 + GST |
Add-on card fees |
Nil |
Foreign currency transaction** |
3.5% + GST |
Cash payment at branches |
Rs. 250 + GST cash deposit transaction done at RBL branch and Bajaj Finserv branch |
Surcharge on purchase/ cancellation of railway tickets |
IRCTC service charges * + payment gateway. Transaction charge (Up to 1.8% + GST of ticket amount +IRCTC service charge). Refer IRCTC website for details |
Fuel transaction charge for transaction made at petrol pumps to purchase fuel^ |
1% + GST surcharge on fuel transaction value or Rs. 10 + GST, whichever is higher |
Reward redemption fees |
A reward redemption fee of Rs. 99 + GST will be levied on all redemptions made on Bajaj Finserv RBL Bank SuperCards w.e.f. June 01, 2019. T&C Apply |
Cash advance transaction fee |
2.5% + GST of the cash amount (minimum Rs. 500 + GST) |
Overdue interest on extended credit |
Up to 3.99% + GST per month or 47.88% + GST per annum |
Overdue interest on secured credit cards |
3.33% + GST per month or 40% + GST per annum |
Overdue penalty/ late payment |
15% + GST of total amount due (minimum Rs. 50 and maximum Rs. 1,500 + GST) |
Over-limit penalty |
Rs. 600 + GST |
Finance charges (retail purchases and cash) |
APR up to 3.99% + GST p.m. (up to 47.88% + GST p.a.) |
Call-a-draft fee |
2.5% + GST (min Rs. 300 + GST) of the draft amount |
Card replacement (lost/ stolen/ reissue/ any other replacement) |
Nil (recently updated) |
Duplicate statement fee |
Nil (recently updated) |
Charge slip retrieval/ copy fee |
Rs. 100 + GST |
Outstation cheque fee |
Rs. 100 + GST |
Cheque return/ dishonour fee auto debit reversal-bank account out of funds |
Rs. 500 + GST |
All the above charges are subject to change under various marketing programs. The cardmember will be informed about these changes.
^ The surcharge is applicable on minimum fuel transactions of Rs. 500 and maximum of Rs. 4,000. Maximum surcharge waiver is Rs. 100 for platinum SuperCards, Rs. 200 for world plus SuperCard and Rs. 150 for all other world SuperCards.
* Refer to IRCTC website for details
** Transactions at merchant establishments that are registered overseas even if the merchant is located in India attract a cross border charge
Fees and charges of platinum plus first-year free SuperCard
The following charges are applicable on platinum plus first-year free SuperCard:
Types of fees |
Charges applicable |
Annual fee |
Rs. 999 + GST |
Add-on card fees |
Nil |
Foreign currency transaction** |
3.5% + GST |
Cash payment at branches |
Rs. 250 + GST cash deposit transaction done at RBL branch and Bajaj Finserv branch |
Surcharge on purchase/ cancellation of railway tickets |
IRCTC service charges * + payment gateway. Transaction charge (up to 1.8% + GST of ticket amount +IRCTC service charge). Refer IRCTC website for details |
Fuel transaction charge for transaction made at petrol pumps to purchase fuel^ |
1% + GST surcharge on fuel transaction value or Rs. 10 + GST, whichever is higher |
Reward redemption fees |
A reward redemption fee of Rs. 99 + GST will be levied on all redemptions made on Bajaj Finserv RBL Bank SuperCards w.e.f. June 01, 2019. T & C Apply |
Cash advance transaction fee |
2.5% + GST of the cash amount (minimum Rs. 500 + GST) |
Overdue interest on extended credit |
Up to 3.99% + GST per month or 47.88% + GST per annum |
Overdue interest on secured credit cards |
3.33% + GST per month or 40% + GST per annum |
Overdue penalty/ late payment |
15% + GST of total amount due (minimum Rs. 50 and maximum Rs. 1,500 + GST) |
Over-limit penalty |
Rs. 600 + GST |
Finance charges (retail purchases and cash) |
APR up to 3.99% + GST p.m. (up to 47.88% + GST p.a.) |
Call-a-draft fee |
2.5% + GST (minimum Rs. 300 + GST) of the draft amount |
Card replacement (lost/ stolen/ reissue/ any other replacement) |
Nil (recently updated) |
Duplicate statement fee |
Nil (recently updated) |
Charge slip retrieval/ copy fee |
Rs. 100 + GST |
Outstation cheque fee |
Rs. 100 + GST |
Cheque return/ dishonour fee auto debit reversal-bank account out of funds |
Rs. 500 + GST |
All the above charges are subject to change under various marketing programs. The cardmember will be informed about these changes.
^ The surcharge is applicable on minimum fuel transactions of Rs. 500 and maximum of Rs. 4,000. Maximum surcharge waiver is Rs. 100 for Platinum SuperCards, Rs. 200 for World Plus SuperCard and Rs. 150 for all other World SuperCards.
* Refer to IRCTC website for details
** Transactions at merchant establishments that are registered overseas even if the merchant is located in India attract a cross border charge
Fees and charges of world prime SuperCard
The following charges are applicable on world prime SuperCard:
Types of fees |
Charges applicable |
Joining fee |
Rs. 2,999 + GST |
Annual fee |
Rs. 2,999 + GST |
Renewal fee |
Rs. 2,999 + GST |
Add-on card fees |
Nil |
Foreign currency transaction** |
3.5% + GST |
Cash payment at branches |
Rs. 250 + GST cash deposit transaction done at RBL branch and Bajaj Finserv branch |
Surcharge on purchase/ cancellation of railway tickets |
IRCTC service charges * + payment gateway. Transaction charge (up to 1.8% + GST of ticket amount +IRCTC service charge). Refer IRCTC website for details |
Fuel transaction charge for transaction made at petrol pumps to purchase fuel^ |
1% + GST surcharge on fuel transaction value or Rs. 10 + GST, whichever is higher |
Reward redemption fees |
A reward redemption fee of Rs. 99 + GST will be levied on all redemptions made on Bajaj Finserv RBL Bank SuperCards w.e.f. June 01, 2019. T&C Apply |
Cash advance transaction fee |
2.5% + GST of the cash amount (minimum Rs. 500 + GST) |
Overdue interest on extended credit |
Up to 3.99% + GST per month or 47.88% + GST per annum |
Charge slip retrieval/ copy fee |
Rs. 100 |
Overdue interest on secured credit cards |
3.33% + GST per month or 40% + GST per annum |
Overdue penalty/ late payment |
15% + GST of total amount due (minimum Rs. 50 and maximum Rs. 1,500 + GST) |
Over-limit penalty |
Rs. 600 + GST |
Finance charges (retail purchases and cash) |
APR up to 3.99% + GST p.m. (up to 47.88% + GST p.a.) |
Call-a-draft fee |
2.5% + GST (min Rs. 300 + GST) of the draft amount |
Card replacement (lost/ stolen/ reissue/ any other replacement) |
Nil (recently updated) |
Duplicate statement fee |
Nil (recently updated) |
Charge slip retrieval/ copy fee |
Rs. 100 + GST |
Outstation cheque fee |
Rs. 100 + GST |
Cheque return/ dishonour fee auto debit reversal-bank account out of funds |
Rs. 500 + GST |
All the above charges are subject to change under various marketing programs. The cardmember will be informed about these changes.
^ The surcharge is applicable on minimum fuel transactions of Rs. 500 and maximum of Rs. 4,000. Maximum surcharge waiver is Rs. 100 for platinum SuperCards, Rs. 200 for world plus SuperCard and Rs. 150 for all other world SuperCards.
* Refer to IRCTC website for details
** Transactions at merchant establishments that are registered overseas even if the merchant is located in India attract a cross border charge
Fees and charges of world plus SuperCard
The following charges are applicable on world plus SuperCard:
Types of fees |
Charges applicable |
Joining fee |
Rs. 4,999 + GST |
Annual fee |
Rs. 4,999 + GST |
Add-on card fees |
Nil |
Foreign currency transaction** |
3.5% + GST |
Cash payment at branches |
Rs. 250 + GST cash deposit transaction done at RBL branch and Bajaj Finserv branch |
Surcharge on purchase/ cancellation of railway tickets |
IRCTC service charges * + payment gateway. Transaction charge [Up to 1.8% + GST of (ticket amount +IRCTC service charge). Refer IRCTC website for details |
Fuel transaction charge for transaction made at petrol pumps to purchase fuel^ |
1% + GST surcharge on fuel transaction value or Rs. 10 + GST, whichever is higher |
Reward redemption fees |
A reward redemption fee of Rs. 99 + GST will be levied on all redemptions made on Bajaj Finserv RBL Bank SuperCards w.e.f. June 01, 2019. T&C Apply |
Cash advance transaction fee |
2.5% + GST of the cash amount (minimum Rs. 500 + GST) |
Overdue interest on extended credit |
Up to 3.99% + GST per month or 47.88% + GST per annum |
Overdue interest on secured credit cards |
3.33% + GST per month or 40% + GST per annum |
Overdue penalty/ late payment |
15% + GST of total amount due (minimum Rs. 50 and maximum Rs. 1,500 + GST) |
Over-limit penalty |
Rs. 600 + GST |
Finance charges (retail purchases and cash) |
APR up to 3.99% + GST p.m. (up to 47.88% + GST p.a.) |
Call-a-draft fee |
2.5% + GST (min Rs. 300 + GST) of the draft amount |
Card replacement (lost/ stolen/ reissue/ any other replacement) |
Nil (recently updated) |
Duplicate statement fee |
Nil (recently updated) |
Charge slip retrieval/ copy fee |
Rs. 100 + GST |
Outstation cheque fee |
Rs. 100 + GST |
Cheque return/ dishonour fee auto debit reversal-bank account out of funds |
Rs. 500 + GST |
All the above charges are subject to change under various marketing programs. The cardmember will be informed about these changes.
^ The surcharge is applicable on minimum fuel transactions of Rs. 500 and maximum of Rs. 4,000. Maximum surcharge waiver is Rs. 100 for Platinum SuperCards, Rs. 200 for World Plus SuperCard and Rs. 150 for all other World SuperCards.
* Refer to IRCTC website for details
** Transactions at merchant establishments that are registered overseas even if the merchant is located in India attract a cross border charge
Fees and charges of doctor's SuperCard
The following charges are applicable on doctor's SuperCard:
Types of fees |
Charges applicable |
Joining fee |
Rs. 999 + GST |
Annual fee |
Rs. 999 + GST |
Add-on card fee |
Nil |
Foreign currency transaction** |
3.5% + GST |
Cash payment at branches |
Rs. 250 + GST cash deposit transaction done at RBL bank branch and Bajaj Finserv branch. |
Surcharge on purchase/ cancellation of railway tickets |
IRCTC service charges** + payment gateway transaction charge (Up to 1.8% + GST of ticket amount + IRCTC service charge). |
Fuel transaction charge for transaction made at petrol pumps to purchase fuel^ |
1% + GST surcharge on fuel transaction value or |
Reward redemption fees |
A reward redemption fee of Rs. 99 + GST will be levied on all redemptions made on Bajaj Finserv RBL Bank SuperCards w.e.f. June 01, 2019. T&C Apply |
Cash advance transaction fee |
2.5% + GST (min Rs. 100 + GST) of the cash amount |
Overdue interest on extended credit |
Up to 3.99% + GST per month or 47.88% + GST per annum |
Overdue interest on secured credit cards |
2.5% + GST per month or 30% + GST per annum |
Overdue penalty/ late payment |
Fee 15% + GST of total amount due (minimum Rs. 50 + GST, maximum Rs. 1,000 + GST) |
Over-limit penalty |
Rs. 600 + GST |
Finance charges (retail purchases and cash) |
APR up to 3.99% + GST p.m. (up to 47.88% + GST p.a.) |
Call-a-draft fee |
2.5% + GST (minimum Rs. 300 + GST) of the draft amount |
Card replacement (lost/ stolen/ reissue/ any other replacement) |
Nil (recently updated) |
Duplicate statement fee |
Nil (recently updated) |
Charge slip retrieval/ copy fee |
Rs. 100 + GST |
Outstation cheque fee |
Rs. 100 + GST |
Cheque return/ dishonour fee auto debit reversal-bank account out of funds |
Rs. 500 + GST |
Personal indemnity insurance* + annual fee |
Rs. 4,999 + GST |
All the above charges are subject to change under various marketing programs. The cardmember will be informed about these changes.
^ The surcharge is applicable on minimum fuel transactions of Rs. 500 and maximum of Rs. 4,000. Maximum surcharge waiver is Rs. 100 for platinum SuperCards, Rs. 200 for world plus SuperCard and Rs. 150 for all other world SuperCards.
* Personal Indemnity Insurance cover is provided free of cost for first year to all the customers. Charges will be levied only post customer consent in the second year if Rs. 3.5 lakh spend criteria is not met in the first year.
** Refer to IRCTC website for details
*** Transactions at merchant establishments that are registered overseas even if the merchant is in India attract a cross border charge
Fees and charges of EMI Network Card
EMI NETWORK CARD |
|
EMI Network card Fee |
Rs. 530/- (Inclusive of applicable taxes) |
Add-on Card Fee |
Rs. 199/- (Inclusive of applicable taxes) |
Convenience Fee |
Rs. 99/- + (Applicable taxes) will be added in the 01st EMI |
Loan Enhancement Fees |
Rs. 99/- + (Applicable taxes) will be added in the 01st EMI |
Mandate Registration Charges |
Rs.118 (inclusive of applicable taxes) will be applicable for the below banks: • Bank of Maharashtra |
NACH/ Cheque Bounce Charges |
Rs. 450/- (Inclusive of applicable taxes) |
Mandate Rejection Charges |
Rs. 450/- inclusive of applicable taxes. Will be applicable if new mandate form is not registered within 30 days from the date of rejection of previous mandate form by Customer’s Bank for any reasons whatsoever. |
Penal interest |
Any delay in payment of Monthly Instalment/ EMI shall attract penal interest at the rate of 4% per month on the Monthly Instalment/ EMI outstanding, from the date of default until the receipt of Monthly Instalment/ EMI. |
Annual Fee |
Rs. 117/- (Inclusive of applicable taxes). Annual fee will only be charged to the EMI Network Card holders who have not availed any loan using the EMI Network Card in the preceding year. The duration of the preceding year is calculated 12 months from last year’s validity month, which is printed on the face of your EMI Network Card. For example, If the EMI Network Card is issued in the month of February 2019 (referred to as ‘Member Since’, on the EMI Network Card) the date for payment of the annual fee will be March 2020. |
Add-on card fee
An EMI Network Card is offered to the family members of the existing primary EMI Network Card holder. The limit will be shared with the primary EMI Network Card holder.
Card inactive fee
Annual/ renewal fee will only be charged to the EMI Network card holders. who have not availed any loan using the EMI Network Card in the preceding year. The preceding year will be 12 months calculated from last year’s validity month, which is printed on the face of your EMI Network Card. For example, if you were issued the EMI Network Card on August 2014 (referred to as ‘Valid From’) and no transaction between August 2015 and August 2016; the payment of fee will be in September 2016.
Convenience fee
Convenience fee is charged for the ease of conversion of purchases in to easy EMIs at the point of sale through his EMI Network Card. These are not surcharge.
ECS return fee
A penalty is levied if your EMI payment fails due to insufficient funds or other bank rejection reasons.
Insta activation fee
Instant activation fee is one-time fee charged to immediately activate the EMI Network Card which is ready to use. This fee is charged once only.
Joining fee
Joining fee also known as participation or membership fee. This fee is charged once only.
Penal interest
These are charges for your delinquency in paying due amount on time is known as Penal interest.
Upgrade fee
Upgrade fee are charged on availing of improved quality or additional benefits on the card.
Fees and charges of EMI Network
Processing fees varies from products, schemes and dealers purchased on the EMI Network categories.
Type of fees* |
Minimum |
Maximum |
Processing fees |
Nil |
Rs. 1,078 |
Penal interest |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 4% per month on the monthly instalment/ EMI outstanding, from the date of default until the receipt of monthly instalment/ EMI. |
|
Bounce charges |
Rs. 450 (inclusive of taxes) |
|
Document/ statement charges |
Download your e-statements/ letters/ certificates at no extra cost by logging into the customer portal – Experia. |
|
CIBIL TransUnion report fees |
Rs. 36 - Rs. 46 (inclusive of applicable taxes) |
*Fees amount subject to change.
EMI Network categories are as below:
Appliances, electronics, lifecare treatments, home, kitchen and furniture, sports, fitness and travel
Mandate registration charge of Rs. 118 (inclusive applicable taxes) will be applicable for below banks -
- Bank of Maharashtra
- Development Credit Bank Ltd.
- IDFC Bank
- Karnataka Bank Ltd.
- Punjab and Sind Bank
- Rajkot Nagarik Sahakari Bank Ltd.
- Tamil Nadu Mercantile Bank Ltd.
- UCO Bank
- Indian Overseas Bank
- United Bank Of India
Fees and charges of Health EMI Network Card
The following charges are applicable on Health EMI Network Card:
Types of fees |
Charges applicable |
Health EMI Card Network Card fee - Gold |
Rs. 707 (inclusive of applicable taxes) |
Health EMI Card Network Card fee - Platinum |
Rs. 999 (inclusive of applicable taxes) |
Mandate registration charges |
Rs. 118 (inclusive of applicable taxes) will be applicable for the below banks: Bank of Maharashtra Development Credit Bank Limited IDFC Bank Karnataka Bank Limited Punjab & Sind Bank Rajkot Nagarik Sahakari Bank Limited Tamilnad Mercantile Bank Limited UCO Bank Indian Overseas Bank United Bank of India |
NACH/ Cheque bounce charges |
Rs. 450 (inclusive of applicable taxes) |
Mandate rejection charges |
Rs. 450 (inclusive of applicable taxes) applicable if new mandate form is not registered within 30 days from the date of rejection of previous mandate form by the customer's bank for any reason whatsoever |
Document/ statement charges/ statement of account/ repayment schedule/ foreclosure letter/ no due certificate/ interest certificate/ list of documents |
Download your e-statements/ letters/ certificates at no extra cost by logging into the customer portal - Experia. You can get a physical copy of your statements/ letters/ certificates/ list of documents from any of our branches at a charge of Rs. 50 (inclusive of applicable taxes) per statement/ letter/ certificate. |
Penal interest charges |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 4% per month on the monthly instalment/ EMI outstanding, from the date of default until the receipt of monthly instalment/ EMI. |
Annual fee |
Rs. 117 (inclusive of applicable taxes) |
Note: Additional cess will be applicable on all charges in accordance with the state specific laws.
Fees and charges of Insta EMI Card
The following charges are applicable on Insta EMI Card:
INSTA EMI CARD |
|
EMI Network card Fee |
Rs. 530/- (Inclusive of applicable taxes) |
Add-on Card Fee |
Rs. 199/- (Inclusive of applicable taxes) |
Convenience Fee |
Rs. 99/- plus (Applicable taxes) will be added in the 01st EMI |
Loan Enhancement Fees |
Rs. 99/- plus (Applicable taxes) will be added in the 01st EMI |
Mandate Registration Charges |
Rs. 118/- (Inclusive of applicable taxes) |
NACH/ Cheque Bounce Charges |
Rs. 450/- (Inclusive of applicable taxes) |
Mandate Rejection Charges |
Rs. 450/- inclusive of applicable taxes. Will be applicable if new mandate form is not registered within 30 days from the date of rejection of previous mandate form by Customer’s Bank for any reasons whatsoever. |
Penal interest |
Any delay in payment of Monthly Instalment/ EMI shall attract penal interest at the rate of 4% per month on the Monthly Instalment/ EMI outstanding, from the date of default until the receipt of Monthly Instalment/ EMI. |
Annual Fee |
Rs. 117/- (Inclusive of applicable taxes). Annual fee will only be charged to the EMI Network Card holders who have not availed any loan using the EMI Network Card in the preceding year. The duration of the preceding year is calculated 12 months from last year’s validity month, which is printed on the face of your EMI Network Card. For example, If the EMI Network Card is issued in the month of February 2019 (referred to as ‘Member Since’, on the EMI Network Card) the date for payment of the annual fee will be March 2020. |
Fees and charges of EMI Lite offer
The following charges are applicable on EMI lite:
Bounce charges |
Rs. 450 (Inclusive of taxes) |
Penal interest |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 4% per month on the monthly instalment/ EMI outstanding, from the date of default until the receipt of monthly instalment/ EMI. |
Foreclosure charges |
Nil |
Fees and charges for Wallet (Insta Credit)
The following charges are applicable on Wallet:
Foreclosure charges (only after 1st EMI payment) |
2% on loan outstanding amount as on date plus the applicable taxes. |
Document/ statement charges statement of account/ repayment schedule/ foreclosure letter/ no dues certificate/ interest certificate/ list of documents. |
Download your e-statements/ letters/ certificates at no extra cost by logging into the customer portal – Experia. You can get a physical copy of your statements/ letters/ certificates/ list of documents from any of our branches at a charge of Rs. 50 (inclusive of applicable taxes) per statement/ letter/ certificate. |
Bounce charges of the repayment instrument(s) |
In case of default because of the repayment instrument(s) being dishonoured, BFL shall charge Rs. 450 (incl. taxes) (Rupees Four Hundred Fifty Only) per month/per default towards its dishonour. |
Rate of interest |
Insta credit of Rs. 5,000 -: 28% (p.a.) |
Penal interest |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 4% per month on the monthly instalment/ EMI outstanding, from the date of default until the receipt of monthly instalment/ EMI. |
Fees and charges for Bajaj Finserv Wallet
The following charges are applicable on Bajaj Finserv Wallet:
Bajaj Finserv Wallet – Fees and Charges |
|
Service |
Charges (Rs.) |
Account opening |
Rs. 0 |
Load money |
Charges (Rs.) |
Through credit card |
Up to 2% per transaction (inclusive of applicable taxes) |
Through debit card |
Up to 2% per transaction (inclusive of applicable taxes) |
Through UPI |
Up to 2% per transaction (inclusive of applicable taxes) |
Through Net Banking |
Up to 2% per transaction (inclusive of applicable taxes) |
*Charges basis agreement with the merchant and aggregator, based on selected payment instrument and subject to revision time to time |
|
Payment |
Charges (Rs.) |
Payment at merchant |
Rs. 0 |
Payment to utility bill/ recharges/ DTH |
Up to 2% per transaction (Inclusive of applicable taxes) |
*Charges basis agreement with the merchant and aggregator, based on selected payment instrument and subject to revision time to time |
|
Transfer |
Charges (Rs.) |
Bajaj Pay Wallet to wallet |
Rs. 0 |
Bajaj Pay Wallet (full KYC only) to bank |
Up to 5% per transaction (inclusive of applicable taxes) |
*For failed transactions, total amount including charges except taxes are reversed. |
|
*Additional cess will be applicable on all charges in accordance with the state specific laws. |
Fees and charges of professional loan against property
The following fees and charges are applicable on a loan against property for professionals:
Types of fees |
Charges applicable |
Rate of interest |
12.5 % p.a. onwards |
Processing fee |
Up to 2% of the loan amount (Plus Applicable Taxes) |
Penal interest |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 2% per month on the monthly instalment/ EMI outstanding, from the date of default until the receipt of monthly instalment/ EMI. |
Bounce charges |
Rs. 2,000 inclusive of applicable taxes |
Document processing charges |
Rs. 2,360 (Inclusive of applicable taxes) |
Property insight |
Rs. 6,999 inclusive of applicable taxes |
Stamp duty |
At actuals (as per state) |
Mortgage origination fees | Rs. 6,000 (Inclusive of applicable taxes) |
Mandate rejection charges | Rs. 450 (Inclusive of applicable taxes) will be applicable if the new mandate form is not registered within 30 days from the date of rejection of the previous mandate form by the customer’s bank by any reason whatsoever. |
Annual/ additional maintenance charges –
Details |
Charges |
Flexi Term loan |
0.25% plus applicable taxes of total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. |
Flexi Hybrid loan |
0.5% plus applicable taxes of the total withdrawable amount during the initial tenor. 0.25% plus applicable taxes of the total withdrawable amount during subsequent tenor. |
Full pre-payment (foreclosure) charges
Loan variant |
Applicable charges |
Loan (term loan/ advance EMI/ step-up structured monthly instalment/ step-down structured monthly instalment) |
4% plus applicable taxes on the outstanding loan amount payable by the borrower on the date of such full pre-payment. |
Flexi term loan |
4% plus applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment. |
Flexi Hybrid loan |
4% plus applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment |
Part-prepayment charges
Borrower type |
Time period |
Part-prepayment charges |
Not applicable if the borrower is an Individual and the loan is availed on floating interest rate and not applicable for Flexi term loan/ Flexi Hybrid variant |
More than one month from date of loan disbursal. |
2% plus applicable taxes on part-payment amount paid. |
Fees and charges of business loan against property
The following charges are applicable on loan against property for business loan:
Types of fees |
Applicable charges |
Rate of interest |
17% p.a. onwards |
Processing fees |
Up to 2% of the loan amount (Plus Applicable Taxes) |
Penal interest |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 2% per month on the monthly instalment/ EMI outstanding, from the date of default until the receipt of monthly instalment/ EMI. |
Bounce charges |
Rs. 2,000 inclusive of applicable taxes |
Document processing charges |
Rs. 2,360 plus applicable taxes |
Property insight |
Rs. 6,999 inclusive of applicable taxes |
Stamp duty |
At actuals (as per state) |
Annual/ additional maintenance charges
Loan variant |
Charges |
Flexi term loan |
0.25% plus applicable taxes of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. |
Flexi Hybrid loan |
0.50% plus applicable taxes of the total withdrawable amount during initial tenor. 0.25% plus applicable taxes of the total withdrawable amount during subsequent tenor. |
Full pre-payment (foreclosure) charges
Loan variant |
Applicable charges |
Loan (term loan/ advance EMI/ step-up structured monthly instalment/ step-down structured monthly instalment) |
4% plus applicable taxes on the outstanding loan amount payable by the borrower on the date of such full pre-payment. |
Flexi term loan |
4% plus applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment. |
Flexi Hybrid loan |
4% plus applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment |
Part pre-payment charges
Borrower type |
Time period |
Part-prepayment charges |
Not applicable if the borrower is an Individual and the loan is availed on floating interest rate and not applicable for Flexi term loan/ Flexi Hybrid variant |
More than one month from date of loan disbursal. |
2% plus applicable taxes on part-payment amount paid. |
Fees and charges of healthcare/ medical equipment finance
Types of fees |
Charges applicable |
Rate of interest |
Starting 10.49% to 16% |
Processing fees |
1%-2% of the sanctioned loan amount plus applicable taxes |
Stamp duty/ legal, repossession and incidental charges |
The actual stamp duty payable and the actual legal and incidental charges under applicable law |
Bounce charges |
Rs. 3,000 (inclusive of applicable taxes) |
Legal, repossession and incidental charges |
At actuals |
Penal interest |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 2% per month on the monthly instalment/ EMI outstanding, from the date of default until the receipt of monthly instalment/ EMI. |
Prepayment charges and annual maintenance charges
Part pre-payment charges |
Nil |
Full Pre-payment (Foreclosure) Charges |
Nil |
For Flexi Hybrid loan AMC charges |
0.25 to 0.5% plus applicable taxes of the total withdrawable amount during initial tenor. 0.25% plus applicable taxes of the total withdrawable amount during subsequent tenor. |
Mandate rejection service charge*: Rs. 450 (inclusive of applicable taxes)
*Charges will be levied if new mandate form is not registered within 30 days from the date of rejection of previous mandate form by customer’s bank for any reasons whatsoever.
Applicable for all products.
Penalty Charges
If a borrower delays or misses a payment, it will lead to penalties. Every time the borrower misses a payment, he/ she is required to pay late payment charges in the form of penal charges charged by Bajaj Finserv.