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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.

Business Loan Interest Rate in India
Types of Fees Applicable Charges
Rate of interest 18% p.a. onwards
Processing fees Up to 2% of the loan amount (Inclusive of 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 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 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
Document processing charges Rs. 1449 + applicable taxes

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 1.0% plus applicable taxes of the Total Withdrawable Amount during initial tenure. 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% + 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.

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

Types of Fees Applicable Charges
Rate of interest 16% p.a. onwards
Processing fees Up to 2% of the loan amount(Inclusive of 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 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 taxes) per statement/letter/certificate.
Penal Interest 2% per month
Bounce charges Rs. 2000 inclusive of taxes
Foreclosure charges (if any) 4% + applicable taxes
Document processing charges Rs. 1449 + applicable taxes
Property Insight Rs.6999 inclusive of applicable taxes

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 0.5% of the loan amount + Applicable taxes during initial tenure. 0.25% of the current Flexi Term Loan amount + Applicable taxes during Subsequent Tenure.

Foreclosure Charges

Loan Variant Charges
Loan (Term Loan/Advance EMI/ Step-Up Structured Monthly Instalment/ Step-Down Structured Monthly Instalment) 4% + 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 1 month from date of loan disbursal. 2% + applicable taxes on part-payment amount paid.

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.

Business loan Fees & Interest Rates FAQs

How is interest calculated on a business loan?

Business Loan interest rate is calculated basis- E = P * r * (1+r)^n / ((1+r)^n-1).

Here, P signifies principal loan amount, r signifies the interest rate, n stands for tenor in months and E signifies the EMI amount.

You can use the Bajaj Finserv EMI Calculator to instantly check the interest payable, EMI amount and more.

What is the processing fee for business loans?

Bajaj Finserv charges a nominal amount of up to 3% of the principal amount as processing fees.

What is the minimum and maximum business loan repayment tenor at Bajaj Finserv?

With Bajaj Finserv, you can spread your Business Loan EMIs between a repayment tenor of 12 to 60 months.

How to choose the ideal repayment tenor for business loans?

Consider the following factors to choose an ideal tenor and avoid chances of defaulting.

  • Loan amount – A shorter tenor is better for a small loan amount and vice versa.
  • Rate of interest – If interest rates are comparatively lower, consider going for a shorter tenor. Longer repayment tenor increases the total cost of loan.
  • Financial plans – If there are large expenditures planned in the future, go for a shorter tenor and clear off your debts early.
  • Monthly liabilities – In case of high monthly expenses, a longer tenor is ideal for convenient repayment.

What are the pre-closure/foreclosure charges for business loans?

Business Loan foreclosure with Bajaj Finserv attracts 4% charges on the outstanding amount. It also levies the outstanding taxes on the date of foreclosure.

If you go for part-prepayment, a 2% charge is levied along with the outstanding taxes on the amount part-prepaid.

Tips to Responsibly Pay-off Your Small Business Loan

How Flexi Business Loans Result in Lower EMI Amounts

Why You Should Take a Business Loan to Pay Your Business Bills and Reduce Debt?

Why your business should opt for debt financing

Why your business should opt for debt financing

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