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Business Loan Interest Rates

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Business Loan Fees & Interest Rates

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 18% onwards
Processing fees Up to 3% of the loan amount
Statement of Account/ Repayment Schedule/Foreclosure Letter/No Objection Certificate/Interest Certificate/List of documents Download your e-statements/letters/certificates at no extra cost by logging into 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. 250/- (inclusive of taxes) per statement/letter/certificate.
Bounce charges Up to Rs. 3000 (Inclusive of applicable taxes)
Penal interest (Applicable in case of non-payment of monthly Instalment on/before the Due - Date) 2% per month + applicable taxes
Document processing charges Rs. 1449 + applicable taxes
Outstation collection charges Rs. 65 + applicable taxes per repayment instrument
Secure fee NIL

Annual/Additional Maintenance Charges

Details Charges
Flexi Term Loan 0.25% of the current Flexi Term Loan amount* + applicable taxes (as per the repayment schedule) on the date of levy of such charges
Flexi Hybrid Loan 1.0% of the loan amount* + applicable taxes during initial tenure. 0.25% of the current Flexi Term Loan amount plus applicable taxes during subsequent tenor
Note: Annual/Additional Maintenance Charge is deducted upfront every year for the complete tenor of the loan.

Foreclosure Charges

Details Full pre-payment Charges
Loan (Term Loan/Advance EMI/ Step-Up Structured Monthly Instalment/ Step-Down Structured Monthly Instalment) 4% on the Loan amount* + applicable taxes outstanding as on the date of such full pre-payment
Flexi Term Loan 4% on the current Flexi Term Loan amount* + applicable taxes (as per the repayment schedule) on the date of levy of such charges
Flexi Hybrid Loan 4% on the Loan amount* + applicable taxes during initial tenor 4% on the current Flexi Term Loan amount plus applicable taxes* during subsequent tenor

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. More than 1 month from date of loan disbursal. 2% + applicable taxes on part-payment amount paid.

The following charges are applicable on Loan Against Property for Business Loan –

Types of Fees Applicable Charges
Rate of interest 16% onwards
Processing fees 2% + applicable taxes
Statement of Account/ Repayment Schedule/Foreclosure Letter/No Objection Certificate/Interest Certificate/List of documents Download your e-statements/letters/certificates at no extra cost by logging into 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. 250/- (inclusive of taxes) per statement/letter/certificate.
Outstation collection charges Rs.65* per repayment instrument
Mortgage Origination Fee (MOF) Rs. 5000 to Rs. 5500
Penal Interest 2% + applicable taxes
Bounce charges Rs. 2000 inclusive of taxes
Foreclosure charges (if any) 4% + applicable taxes
Any change in the terms, number of days notice published through company’s website/electronic media 30 days
Notice period for exercise of right of lien/setoff 7 days

Rejection Mandate Charge:

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.

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