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. |
Foreclosure charges |
Term Loan – 4.72% inclusive of applicable taxes on the principal outstanding amount as on the date of such full pre-payment. |
*These charges are not applicable on the Flexi Term Loan and Flexi Hybrid Loan facilities. Moreover, part-prepayment should be more than one EMI.
Frequently asked questions
The processing fee for a Bajaj Finserv Business Loan may go up to 3.54% of the loan amount (Inclusive of applicable taxes).
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.
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%.
You can get a Bajaj Finserv Business Loan at a competitive interest rate starting from 9.75% p.a.