Bajaj Finserv offers the lowest business loan rate of interest. Read more about our business loan interest rate and business loan fees and charges below.
- Types of Fees
- Applicable Charges
-
- Rate of interest
- 18% onwards
- Loan statement charges
- NIL
- Interest & principle statement charges
- NIL
- EMI bounce charges
- Rs.2,500 for every bounce
Applicable following 1st EMI clearance.
- Borrower Type: Interest Type
- Time Period (Months)
- Foreclosure charges
-
- Individual: Floating rate
- <1
- 4% foreclosure charges plus applicable taxes.
- Non-Individual: Floating rate & All borrowers: Fixed rate
- >1
- 4% foreclosure charges plus applicable taxes.
>For Term Loan on principal outstanding
>For Flexi Interest-only Loan Charges will be calculated on sanctioned limit
>For Flexi Term Loan charges will be calculated on current Dropline limit
Foreclosure can be done only after 1st EMI on the loan is paid. Before 1st EMI repayment, loan can only be cancelled
- Borrower Type
- Time Period (Months)
- Part payment charges
-
- Individual: Floating rate
- >1
- 2% plus applicable taxes on part payment amount paid
- Non-Individual: Floating rate & All borrowers: Fixed rate
- >1
- 2% plus applicable taxes on part payment amount paid
>Part payment made should be more than 1 EMI
>Charges not applicable for Flexi Interest-only Loan & Flexi Term Loan facilities
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