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 |
| Processing fees | Up to 3% |
| Loan statement charges | Rs.50 |
| Interest & principle statement charges | NIL |
| EMI bounce charges | 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* on the amount of Monthly Instalment outstanding as on that date |
| Pre-payment charges (Not applicable if the Borrower is an Individual and the Loan is availed on floating interest rate) | 2% of the principal amount of Loan prepaid on the date of such part Pre-Payment* |
| Document processing charges | Rs. 1449* |
| Outstation collection charges | Rs.65* per repayment instrument |
| Other penal charges | NIL |
| Stamp duty | Percentage or Amount – Mentioned state wise |
| Upfront interest | NIL |
| Service charges | NIL |
| Secure fee | NA |
Additional Maintenance Charges –
| Details | Additional Maintenance Charges |
|---|---|
| Flexi Term Loan | 0.25% of the current Flexi Term Loan amount* (as per the repayment schedule) on the date of levy of such charges |
| Flexi Hybrid Loan | 1.0% of the loan amount* during initial tenure. 0.25% of the current Flexi Term Loan amount# during Subsequent Tenure |
Applicable following 1st EMI clearance.
| 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* outstanding as on the date of such full Pre-Payment |
| Flexi Term Loan | 4% on the current Flexi Term Loan amount* (as per the repayment schedule) on the date of levy of such charges |
| Flexi Hybrid Loan | 4% on the Loan amount* during Initial Tenure 4% on the current Flexi Term Loan amount* during Subsequent Tenure |
>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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