Business Loan in Kolhapur

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Business Loan Interest Rates

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Fees & Charges on Business Loans

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.

Foreclosure Charges

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

Part - Prepayment Charges

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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