Business loan interest rate and charges

Read the fees and charges in detail before applying for our business loan.

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Applicable fees and charges

Type of fee

Applicable charges

Rate of interest

9.75% to 30% p.a.

Processing fees

Up to 3.54% of the loan amount (inclusive of taxes).

Bounce charges

Rs. 1,500 per bounce.

Document processing charges

Rs. 2,360 (inclusive of taxes).

Penal interest

In case of any delay in payment of the monthly instalment, you will be charged a 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 the monthly instalment/ EMI.

Part-prepayment charges*

4.72% inclusive of the taxes on part-payment amount paid.

Stamp duty

At actuals (as per state).

Mandate rejection charges

Rs. 450 per month from the first month of due date for mandate rejected by customer’s bank until the new mandate is registered.

Annual maintenance charges

Flexi Term Loan - 0.295% inclusive of applicable taxes on the total withdrawable amount.

Flexi Hybrid Loan – 1.18% inclusive of applicable taxes on the total withdrawable amount during initial loan tenure and 0.295% inclusive of applicable taxes during subsequent loan tenure.

Foreclosure charges

Term Loan – 4.72% inclusive of applicable taxes on the principal outstanding amount as on the date of such full pre-payment.

Flexi Term Loan and Flexi Hybrid Loan – 4.72% inclusive of applicable taxes on total withdrawable amount (total loan amount that you can withdraw under Flexi variants from time to time as per the repayment schedule on the date of levy of such charges).


*These charges are not applicable on the Flexi Term Loan and Flexi Hybrid Loan facilities. Moreover, part-prepayment should be more than one EMI.

Business loan application process

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Step-by-step guide to applying for a business loan

  1. Click on the ‘APPLY' button on this page.
  2. Enter your 10-digit mobile number and OTP.
  3. Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
  4. Once you enter all your details, please click on ‘PROCEED’ to visit the loan selection page.
  5. Enter the loan amount that you need. Choose from our three business loan variants –Term, Flexi Term, and Flexi Hybrid.
  6. Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’.
  7. Complete your KYC and submit your business loan application.

Our representative will guide you on the next steps. The loan amount will be transferred to your bank account upon verification of your documents.

Frequently asked questions

What is the processing fee for a business loan?

The processing fee for a Bajaj Finserv Business Loan may go up to 3.54% of the loan amount (Inclusive of applicable taxes).

Is there a charge applicable on part-prepayments?

There is a fee of 4.72% inclusive of applicable taxes on the part-prepayment amount made. There is no part-prepayment charge if you opt for the Flexi Term Loan or Flexi Hybrid Loan.

What does bounce charge mean?

Bounce charge is the fee incurred in case of a missed EMI payment.

Bajaj Finserv charges Rs. 1,500 per bounce, for every EMI missed. In case of late payment or EMI(s) default, penal interest will be levied at a rate of 3.50%.

What is the interest rate for a business loan?

You can get a Bajaj Finserv Business Loan at a competitive interest rate starting from 9.75% p.a.

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