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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 | |
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Types of Fees | Applicable Charges |
Rate of interest | 18% p.a. onwards |
Processing fees | Up to 2% of the loan amount (plus applicable 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 (Recently Updated) | Rs. 2000 + applicable taxes |
Annual/Additional Maintenance Charges
Loan Variant | Charges |
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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. |
Loan Variant | Charges |
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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 |
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Rate of interest | 16% p.a. onwards |
Processing fees | Up to 2% of the loan amount(Plus Applicable 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 (Recently Updated) | Rs. 2000 + applicable taxes |
Property Insight | Rs.6999 inclusive of applicable taxes |
Details | Charges |
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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 the subsequent tenure. |
Loan Variant | Applicable Charges |
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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% + applicable taxes of the Total Withdrawable Amount as per the repayment schedule, on the date of such full Pre-Payment. |
Flexi Hybrid Loan | 4% + applicable taxes of the Total Withdrawable Amount as per the repayment schedule, on the date of such full Pre-Payment |
Borrower type | Time period | Part-prepayment charges |
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Not applicable if the borrower is an Individual and the loan is availed on floating interest rate and not applicable for Flexi Term Loan or Hybrid Flexi Loan variants | 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.