Pay only interest as EMI | Only 2 documents as business proof

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Fees & Charges

Bajaj Finserv is very open when it comes to sharing details of the full cost of your business loan.from us. Below are fees and charges that you may be required to pay:

  • Types of Fees
  • Applicable Charges
  •  
  • Rate of interest
  • Up to 16% -35%
  • Processing fees
  • Up to 2%
  • Loan statement charges
  • NIL
  • Interest & principle statement charges
  • NIL
  • EMI bounce charges
  • Rs.2,500 for every bounce
  • Penal interest
  • 2.00% p.m
  • Secure fee
  • NA

Applicable following 1st EMI clearance.

Foreclosure Charges

  • Borrower Type: Interest Type
  • Time Period (Months)
  • Foreclosure charges
  •  
  • Individual: Floating rate
  • <1
  • NIL
  • Non-Individual: Floating rate & All borrowers: Fixed rate
  • >1
  • NIL

>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

Part Prepayment Charges

  • Borrower Type
  • Time Period (Months)
  • Part payment charges
  •  
  • Individual: Floating rate
  • >1
  • NIL
  • 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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