Fees and charges of personal loan
Bajaj Finserv offers attractive interest rates on personal loans up to Rs. 35 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 |
11% onwards |
Processing fees |
Up to 3.93% of the loan amount (Inclusive of applicable taxes) |
Flexi Fee | Term Loan – Not applicable Flexi variant (as applicable below) Rs. 1,999 (Inclusive of applicable taxes) for loan amount up to Rs. 199,999/- Rs. 3,999 (Inclusive of applicable taxes) for loan amount >=2 Lacs & < 4 Lacs Rs. 5,999 (Inclusive of applicable taxes) foe the loan amount is >=4 Lacs & < 6 Lacs Rs. 6,999 (Inclusive of applicable taxes) for the loan amount is >= 6 Lacs & < 10 Lacs Rs. 7,999 (Inclusive of applicable taxes) for the loan amount is >=10 Lacs Will be deducted upfront from loan amount |
Bounce charges |
Rs. 600 - Rs. 1,200 per bounce |
Penal interest |
Delay in payment of monthly instalment shall attract penal interest at the rate of 3.50% per month on the monthly instalment outstanding, from the respective due date until the date of receipt. |
Stamp duty |
Payable as per state laws and deducted upfront from loan amount. |
*Flexi fee is not applicable for PLCS & RPL
*Terms and conditions apply
Personal loan foreclosure charges
Loan variant |
Charges |
Term loan |
4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment. |
Flexi term loan (Flexi dropline) |
4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment. |
Flexi Hybrid loan |
4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment. |
*Foreclosure can be done after the deduction of 1st EMI.
Personal loan part pre-payment charges
Borrower |
Time period |
Part pre-payment charges |
All borrowers |
More than one month from the date of disbursal |
4.72% (Inclusive of applicable taxes) |
*Part pre-payment made should be more than one EMI
*These charges not applicable for flexi loan facility.
Annual/ additional maintenance charges
Loan variant |
Charges |
Term loan |
Not applicable |
Flexi term loan (Flexi dropline) |
0.295% (Inclusive of applicable taxes) on the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. |
Flexi Hybrid loan |
0.295% (Inclusive of applicable taxes) on the total withdrawable amount during initial tenor. 0.295% (Inclusive of applicable taxes) on total withdrawable amount during subsequent tenure. |
*These charges will be levied annually.
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 |
9.75% - 30% |
Processing fees |
Up to 2.95% of the loan amount (Inclusive of applicable taxes) |
Flexi Fee | Term Loan - Not Applicable Flexi Hybrid (as applicable below) Rs. 5,999 (inclusive of applicable taxes) where the total loan amount (including VAS amount/ insurance premium/ upfront charges or additional fees and charges) is < Rs. 10 lakh Rs. 7,999 (inclusive of applicable taxes) where the total loan amount (including VAS amount/ insurance premium/ upfront charges or additional fees and charges) is >/= Rs. 10 lakh and < Rs. 15 lakh Rs. 12,999 (inclusive of applicable taxes) where the total loan amount (including VAS amount/ insurance premium/ upfront charges or additional fees and charges) is >/= Rs. 15 lakh and < Rs. 25 lakh Rs. 15,999 (inclusive of applicable taxes) where the total loan amount (including VAS amount/ insurance premium/ upfront charges or additional fees and charges) is >/= Rs. 25 lakh Business Loan Dropline Flexi charges: Rs. 999 (inclusive of applicable taxes) These charges will be deducted upfront from the loan amount. |
Bounce charges |
Rs. 1,500 |
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 3.50% 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) |
0.295% (Inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. |
Flexi Hybrid loan |
1.18% (Inclusive of applicable taxes) of the total withdrawable amount during initial tenor. 0.295% (Inclusive of applicable taxes) of the total withdrawable amount during subsequent tenor. |
Note: Annual/ additional maintenance charge is deducted 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) |
4.72% (Inclusive of applicable taxes) on the outstanding loan amount payable by the borrower on the date of such full pre-payment |
Flexi term loan |
4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule, on the date of such full Pre-Payment. |
Flexi Hybrid loan |
4.72% (Inclusive of 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. |
4.72% (Inclusive of applicable taxes) on part-payment amount paid. |
Fees and charges of gold loan
The below table lists the gold loan interest rate and charges applicable when you apply for a Bajaj Finserv Gold Loan
Types of fee |
Applicable charges |
Interest rate |
9.50% p.a. to 28% p.a. |
Processing fees |
Rs. 99 (Inclusive of applicable taxes) |
Stamp duty (as per respective state) |
Payable as per state laws and deducted upfront from loan amount |
Cash handling charges |
Rs. 50 (Inclusive of applicable taxes) applicable only for cash mode of disbursement |
Penal interest |
3% p.a. on outstanding balance The penal interest margin/ rate will be over and above the interest rate slab. This shall be applicable/ chargeable in case of default in repayment of the outstanding dues. |
Part-prepayment charges |
NIL |
Foreclosure charges |
Minimum 7 days’ interest Foreclosure charges are zero. However, if you close the loan within 7 days of booking, you have to pay minimum 7 days’ interest. |
Auction charges |
Charge for physical notice – Rs. 40 (Inclusive of applicable taxes) per notice |
*Minimum period for charging interest (Irrespective of date of repayment) (In days) 7 days
Fees and charges of loan against securities
The following charges are applicable on loan against securities:
Types of fees |
Charges applicable |
Interest rate |
15% p.a. |
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 per month |
*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 2.95% plus applicable taxes |
Stamp duty |
At actuals (as per State) |
Documentation charges |
₹ 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 |
Rs. 1,500 |
Penal interest |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 3.5% 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. 1,180 |
NDC to convert from private to commercial |
Rs. 3,450 |
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 |
4.72% (Inclusive of applicable taxes) |
4.72% (Inclusive of applicable taxes) |
Not applicable |
Flexi Hybrid |
4.72% (Inclusive of applicable taxes) |
Not applicable |
Initial tenor: (a) For 1st year of initial tenor: Nil (b) For 2nd year of initial tenor: 0.59% (Inclusive of applicable taxes) of total withdrawable amount, which will be charged at the beginning of the year. Subsequent tenor: 0.295% (Inclusive of applicable taxes) of total withdrawable amount, which will be charged at the beginning of the 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
Get a Bajaj Finserv Doctor Loan of up to Rs. 55 lakh and repay it easily over flexible tenures of up to 8 years.
The following fees and charges are applicable on a personal loan and business loan for doctors:
Types of fees |
Charges applicable |
Rate of interest |
11% - 18% p.a. |
Processing fee |
Up to 2.95% of the loan amount (Inclusive of applicable taxes)Flexi Fee |
Flexi Fee | Term Loan – Not applicable Flexi variant (as applicable below) Rs. 1,999 (Inclusive of applicable taxes) for loan amount up to Rs. 199,999/- Rs. 3,999 (Inclusive of applicable taxes) for loan amount >=2 Lacs & < 4 Lacs Rs. 5,999 (Inclusive of applicable taxes) foe the loan amount is >=4 Lacs & < 6 Lacs Rs. 6,999 (Inclusive of applicable taxes) for the loan amount is >= 6 Lacs & < 10 Lacs Rs. 7,999 (Inclusive of applicable taxes) for the loan amount is >=10 Lacs |
Penal interest |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 3.50% 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. 1,500 |
Stamp duty |
At actuals (as per state) |
Mandate rejection charges |
Rs. 450 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 (Flexi Dropline) |
0.295% (Inclusive of applicable taxes) of the Total Withdrawable Amount (as per the repayment schedule) on the date of levy of such charges. |
Flexi Hybrid loan |
0.59% (Inclusive of applicable taxes) of the Total Withdrawable Amount during Initial Tenure. 0.295% (Inclusive of applicable taxes) of Total Withdrawable Amount during Subsequent Tenure. |
Foreclosure charges
Loan variant |
Charges |
Loan (term loan/ advance EMI/ step-up structured monthly instalment/ step-down structured monthly instalment) |
4.72% (Inclusive of applicable taxes) on the outstanding loan amount payable by the borrower on the date of such full pre-payment |
Flexi term loan |
4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment. |
Flexi Hybrid loan |
4.72% (Inclusive of 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 |
4.72% (Inclusive of applicable taxes) on part-payment amount paid |
Fees and charges of chartered accountant loan
Also Get a Bajaj Finserv CA Loan of up to Rs. 55 lakh with minimal documentation and flexible tenure to meet your financial requirements.
Types of fees |
Applicable charges |
Interest rate |
11% to 18% p.a. |
Processing fee |
Up to 2.95% of the loan amount (Inclusive of applicable taxes) |
Flexi Fee | Term Loan – Not applicable Flexi variant (as applicable below) Rs. 1,999 (Inclusive of applicable taxes) for loan amount up to Rs. 199,999/- Rs. 3,999 (Inclusive of applicable taxes) for loan amount >=2 Lacs & < 4 Lacs Rs. 5,999 (Inclusive of applicable taxes) foe the loan amount is >=4 Lacs & < 6 Lacs Rs. 6,999 (Inclusive of applicable taxes) for the loan amount is >= 6 Lacs & < 10 Lacs Rs. 7,999 (Inclusive of applicable taxes) for the loan amount is >=10 Lacs |
Bounce charges |
Up to Rs. 1,500 |
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 3.50% 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) |
Stamp duty |
At actuals (as per state) |
Annual/ additional maintenance charges
Loan variant |
Charges |
Flexi Term Loan (Flexi Dropline) |
0.295% (Inclusive of applicable taxes) of the Total Withdrawable Amount (as per the repayment schedule) on the date of levy of such charges. |
Flexi Hybrid Loan |
0.295% (Inclusive of applicable taxes) of the Total Withdrawable Amount during Initial Tenure. 0.295% (Inclusive of applicable taxes) of Total Withdrawable Amount during Subsequent Tenure. |
Foreclosure charges
Loan variant |
Charges |
Loan (term loan/ advance EMI/ step-up structured monthly instalment/ step-down structured monthly instalment) |
4.72% (Inclusive of applicable taxes) on the outstanding loan amount payable by the borrower on the date of such full pre-payment |
Flexi term loan |
4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment. |
Flexi Hybrid loan |
4.72% (Inclusive of 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. |
4.72% (Inclusive of applicable taxes) on part-payment amount paid. |
Fees and charges of Platinum Choice SuperCard
The following are the charges applicable on the Platinum Choice SuperCard:
Type of fee |
Charges applicable |
Joining fee |
Rs. 499 + GST |
Annual fee |
Rs. 499 + GST (fee waiver on annual spends of Rs. 50,000) |
Add-on card fees |
NIL |
Foreign currency transaction** |
3.50% + GST |
Cash payment at branches |
Rs. 100 cash deposit transaction done at RBL branch and Bajaj Finserv branch effective from 1st July 2022 |
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 transactions made at petrol pumps to purchase fuel^ |
1.00% + 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 co-brand credit card w.e.f. 1st June 2019. T&C apply |
Cash advance transaction fee |
2.5% of the amount (minimum Rs. 500 + GST) of the cash amount *effective July'20 |
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% per month or 40% per annum |
Overdue penalty/late payment |
15% of the total amount due (minimum Rs. 50, maximum Rs. 1,500) |
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 |
2.50% + GST (minimum Rs. 300 + GST) of the draft amount |
Card replacement (Lost/stolen/reissue/any other replacement) |
NIL |
Duplicate statement fee |
NIL |
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 |
Merchant EMI transaction |
Rs. 199 + GST |
All the above charges are subject to change under various organisational policies. However, the cardholder will be duly informed about the changes.
**Transactions at merchant establishments that are registered overseas, even if the merchant is in India, shall attract a cross-border charge.
*Refer to the IRCTC website for details.
^The surcharge is applicable on a minimum fuel transaction of Rs. 500 and a maximum of Rs. 4,000. The maximum surcharge waiver is Rs. 100 for Platinum SuperCards, Rs. 200 for World Plus Supercard, and Rs. 150 for all other World SuperCards.
*Late payment charges
Outstanding amount (Rs.) |
Late payment fee (Rs.) |
Less than 100 |
0 |
100 - 499 |
100 |
500 - 4,999 |
500 |
5,000 - 9,999 |
750 |
10,000 - 24,999 |
900 |
25,000 - 49,999 |
1,000 |
50,000 and above |
1,300 |
Fees and charges of Platinum Choice SuperCard – First-Year-Free
The following are the charges applicable on the Platinum Choice SuperCard – First-Year-Free:
Type of fee |
Charges applicable |
Joining fee |
NIL |
Annual fee |
Rs. 499 + GST (fee waiver on annual spends of Rs. 50,000) |
Add-on card fees |
NIL |
Foreign currency transaction** |
3.50% + GST |
Cash payment at branches |
Rs. 100 cash deposit transaction done at RBL branch and Bajaj Finserv branch effective from 1st July 2022 |
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 transactions made at petrol pumps to purchase fuel^ |
1.00% + 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 co-brand credit card w.e.f. 1st June 2019. T&C apply |
Cash advance transaction fee |
2.5% of the amount (minimum Rs. 500 + GST) of the cash amount *effective July'20 |
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% per month or 40% per annum |
Overdue penalty/late payment |
15% of the total amount due (minimum Rs. 50, maximum Rs. 1,500) |
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 |
2.50% + GST (minimum Rs. 300 + GST) of the draft amount |
Card replacement (Lost/stolen/reissue/any other replacement) |
NIL |
Duplicate statement fee |
NIL |
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 |
Merchant EMI transaction |
Rs. 199 + GST |
All the above charges are subject to change under various organisational policies. However, the cardholder will be duly informed about the changes.
**Transactions at merchant establishments that are registered overseas, even if the merchant is in India, shall attract a cross-border charge.
*Refer to the IRCTC website for details.
^The surcharge is applicable on a minimum fuel transaction of Rs. 500 and a maximum of Rs. 4,000. The maximum surcharge waiver is Rs. 100 for Platinum SuperCards, Rs. 200 for World Plus SuperCard, and Rs. 150 for all other World SuperCards.
*Late payment charges
Outstanding amount (Rs.) |
Late payment fee (Rs.) |
Less than 100 |
0 |
100 - 499 |
100 |
500 - 4,999 |
500 |
5,000 - 9,999 |
750 |
10,000 - 24,999 |
900 |
25,000 - 49,999 |
1,000 |
50,000 and above |
1,300 |
Fees and charges of Platinum Plus SuperCard
The following are the charges applicable on the Platinum Plus SuperCard:
Type of fee |
Charges applicable |
Joining fee |
Rs. 999 + GST |
Annual fee |
Rs. 999 + GST (fee waiver on annual spends of Rs. 75,000) |
Add-on card fees |
NIL |
Foreign currency transaction** |
3.50% + GST |
Cash payment at branches |
Rs. 100 cash deposit transaction done at RBL branch and Bajaj Finserv branch effective from 1st July 2022 |
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 transactions made at petrol pumps to purchase fuel^ |
1.00% + 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 co-brand credit card w.e.f. 1st June 2019. T&C apply |
Cash advance transaction fee |
2.5% of the amount (minimum Rs. 500 + GST) of the cash amount *effective July'20 |
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% per month or 40% per annum |
Overdue penalty/late payment |
15% of the total amount due (minimum Rs. 50, maximum Rs. 1,500) |
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 |
2.50% + GST (minimum Rs. 300 + GST) of the draft amount |
Card replacement (Lost/stolen/reissue/any other replacement) |
NIL |
Duplicate statement fee |
NIL |
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 |
Merchant EMI transaction |
Rs. 199 + GST |
All the above charges are subject to change under various organisational policies. However, the cardholder will be duly informed about the changes.
**Transactions at merchant establishments that are registered overseas, even if the merchant is in India, shall attract a cross-border charge.
*Refer to the IRCTC website for details.
^The surcharge is applicable on a minimum fuel transaction of Rs. 500 and a maximum of Rs. 4,000. The maximum surcharge waiver is Rs. 100 for Platinum SuperCards, Rs. 200 for World Plus SuperCard, and Rs. 150 for all other World SuperCards.
*Late payment charges
Outstanding amount (Rs.) |
Late payment fee (Rs.) |
Less than 100 |
0 |
100 - 499 |
100 |
500 - 4,999 |
500 |
5,000 - 9,999 |
750 |
10,000 - 24,999 |
900 |
25,000 - 49,999 |
1,000 |
50,000 and above |
1,300 |
Fees and charges of Platinum Plus SuperCard – First-Year-Free
The following are the charges applicable on the Platinum Plus SuperCard – First-Year-Free:
Type of fee |
Charges applicable |
Joining fee |
NIL |
Annual fee |
Rs. 999 + GST (fee waiver on annual spends of Rs. 75,000) |
Add-on card fees |
NIL |
Foreign currency transaction** |
3.50% + GST |
Cash payment at branches |
Rs. 100 cash deposit transaction done at RBL branch and Bajaj Finserv branch effective from 1st July 2022 |
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 transactions made at petrol pumps to purchase fuel^ |
1.00% + 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 co-brand credit card w.e.f. 1st June 2019. T&C apply |
Cash advance transaction fee |
2.5% of the amount (minimum Rs. 500 + GST) of the cash amount *effective July'20 |
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% per month or 40% per annum |
Overdue penalty/late payment |
15% of the total amount due (minimum Rs. 50, maximum Rs. 1,500) |
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 |
2.50% + GST (minimum Rs. 300 + GST) of the draft amount |
Card replacement (Lost/stolen/reissue/any other replacement) |
NIL |
Duplicate statement fee |
NIL |
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 |
Merchant EMI transaction |
Rs. 199 + GST |
All the above charges are subject to change under various organisational policies. However, the cardholder will be duly informed about the changes.
**Transactions at merchant establishments that are registered overseas, even if the merchant is in India, shall attract a cross-border charge.
*Refer to the IRCTC website for details.
^The surcharge is applicable on a minimum fuel transaction of Rs. 500 and a maximum of Rs. 4,000. The maximum surcharge waiver is Rs. 100 for Platinum SuperCards, Rs. 200 for World Plus SuperCard, and Rs. 150 for all other World SuperCards.
*Late payment charges
Outstanding amount (Rs.) |
Late payment fee (Rs.) |
Less than 100 |
0 |
100 - 499 |
100 |
500 - 4,999 |
500 |
5,000 - 9,999 |
750 |
10,000 - 24,999 |
900 |
25,000 - 49,999 |
1,000 |
50,000 and above |
1,300 |
Fees and charges of World Prime SuperCard
The following are the charges applicable on the World Prime SuperCard:
Type of fee |
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** |
3.50% + GST |
Cash payment at branches |
Rs. 100 cash deposit transaction done at RBL branch and Bajaj Finserv branch effective from 1st July 2022 |
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 transactions made at petrol pumps to purchase fuel^ |
1.00% + 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 co-brand credit card w.e.f. 1st June 2019. T&C apply |
Cash advance transaction fee |
2.5% of the amount (minimum Rs. 500 + GST) of the cash amount *effective July'20 |
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% per month or 40% per annum |
Overdue penalty/late payment |
15% of the total amount due (minimum Rs. 50, maximum Rs. 1,500) |
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 |
2.50% + GST (minimum Rs. 300 + GST) of the draft amount |
Card replacement (Lost/stolen/reissue/any other replacement) |
NIL |
Duplicate statement fee |
NIL |
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 |
Merchant EMI transaction |
Rs. 199 + GST |
All the above charges are subject to change under various organisational policies. However, the cardholder will be duly informed about the changes.
**Transactions at merchant establishments that are registered overseas, even if the merchant is in India, shall attract a cross-border charge.
*Refer to the IRCTC website for details.
^The surcharge is applicable on a minimum fuel transaction of Rs. 500 and a maximum of Rs. 4,000. The maximum surcharge waiver is Rs. 100 for Platinum SuperCards, Rs. 200 for World Plus SuperCard, and Rs. 150 for all other World SuperCards.
*Late payment charges
Outstanding amount (Rs.) |
Late payment fee (Rs.) |
Less than 100 |
0 |
100 - 499 |
100 |
500 - 4,999 |
500 |
5,000 - 9,999 |
750 |
10,000 - 24,999 |
900 |
25,000 - 49,999 |
1,000 |
50,000 and above |
1,300 |
Fees and charges of World Plus SuperCard
The following are the charges applicable on the World Plus SuperCard:
Type of fee |
Charges applicable |
Joining fee |
Rs. 4,999 + GST |
Annual fee |
Rs. 4,999 + GST |
Add-on card fees |
NIL |
Foreign currency transaction** |
3.50% + GST |
Cash payment at branches |
Rs. 100 cash deposit transaction done at RBL branch and Bajaj Finserv branch effective from 1st July 2022 |
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 transactions made at petrol pumps to purchase fuel^ |
1.00% + 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 co-brand credit card w.e.f. 1st June 2019. T&C apply |
Cash advance transaction fee |
2.5% of the amount (minimum Rs. 500 + GST) of the cash amount *effective July'20 |
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% per month or 40% per annum |
Overdue penalty/late payment |
15% of the total amount due (minimum Rs. 50, maximum Rs. 1,500) |
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 |
2.50% + GST (minimum Rs. 300 + GST) of the draft amount |
Card replacement (Lost/stolen/reissue/any other replacement) |
NIL |
Duplicate statement fee |
NIL |
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 |
Merchant EMI transaction |
Rs. 199 + GST |
All the above charges are subject to change under various organisational policies. However, the cardholder will be duly informed about the changes.
**Transactions at merchant establishments that are registered overseas, even if the merchant is in India, shall attract a cross-border charge.
*Refer to the IRCTC website for details.
^The surcharge is applicable on a minimum fuel transaction of Rs. 500 and a maximum of Rs. 4,000. The maximum surcharge waiver is Rs. 100 for Platinum SuperCards, Rs. 200 for World Plus SuperCard, and Rs. 150 for all other World SuperCards.
*Late payment charges
Outstanding amount (Rs.) |
Late payment fee (Rs.) |
Less than 100 |
0 |
100 - 499 |
100 |
500 - 4,999 |
500 |
5,000 - 9,999 |
750 |
10,000 - 24,999 |
900 |
25,000 - 49,999 |
1,000 |
50,000 and above |
1,300 |
Fees and charges of Doctor’s SuperCard
The following are the charges applicable on the Doctor’s SuperCard:
Type of fee |
Charges applicable |
Joining fee |
Rs. 999 + GST |
Annual fee |
Rs. 999 + GST (fee waiver on annual spends of Rs. 1,00,000) |
Add-on card fees |
NIL |
Foreign currency transaction** |
3.50% + GST |
Cash payment at branches |
Rs. 100 cash deposit transaction done at RBL branch and Bajaj Finserv branch effective from 1st July 2022 |
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 transactions made at petrol pumps to purchase fuel^ |
1.00% + 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 co-brand credit card w.e.f. 1st June 2019. T&C apply |
Cash advance transaction fee |
2.5% of the amount (minimum Rs. 500 + GST) of the cash amount *effective July'20 |
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% per month or 40% per annum |
Overdue penalty/late payment |
15% of the total amount due (minimum Rs. 50, maximum Rs. 1,500) |
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 |
2.50% + GST (minimum Rs. 300 + GST) of the draft amount |
Card replacement (Lost/stolen/reissue/any other replacement) |
NIL |
Duplicate statement fee |
NIL |
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 |
Merchant EMI transaction |
Rs. 199 + GST |
All the above charges are subject to change under various organisational policies. However, the cardholder will be duly informed about the changes.
**Transactions at merchant establishments that are registered overseas, even if the merchant is in India, shall attract a cross-border charge.
*Refer to the IRCTC website for details.
^The surcharge is applicable on a minimum fuel transaction of Rs. 500 and a maximum of Rs. 4,000. The 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 the first year to all customers. Charges will be levied only post customer consent in the second year if Rs. 3.5 lakh spends criteria is not met in the first year.
*Late payment charges
Outstanding amount (Rs.) |
Late payment fee (Rs.) |
Less than 100 |
0 |
100 - 499 |
100 |
500 - 4,999 |
500 |
5,000 - 9,999 |
750 |
10,000 - 24,999 |
900 |
25,000 - 49,999 |
1,000 |
50,000 and above |
1,300 |
Fees and charges of EMI Network Card
To know more about terms & conditions for availing loan through EMI Card, click here
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 |
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.
Annual 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.
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.
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. 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 for Bajaj Pay Wallet
The following charges are applicable on Bajaj Pay Wallet:
Bajaj Pay 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 |
13% – 16% per annum |
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 3.50% per month on the monthly instalment/ EMI outstanding, from the date of default until the receipt of monthly instalment/ EMI. |
Bounce charges |
Rs. 1,500 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 |
0.295% plus applicable taxes of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. |
Flexi Hybrid loan |
0.59% 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) |
4.72% plus applicable taxes on the outstanding loan amount payable by the borrower on the date of such full pre-payment. |
Flexi term loan |
4.72% 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 0% to 14% per annum |
Processing fees |
Up to 2.95% of the loan amount (Inclusive of 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. 1,500 per bounce |
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 3.50% 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 |
Not applicable |
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.