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Business Loan Interest Rates

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Business Loan Fees & Interest Rates

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
Types of Fees Applicable Charges
Rate of interest 18% p.a. onwards
Processing fees Up to 3% of the loan amount
DOCUMENT/STATEMENT CHARGES

Statement of Account/ Repayment Schedule/Foreclosure Letter/No Dues Certificate/Interest Certificate/List of documents
 

Recently Updated

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 Rs. 1449 + applicable taxes
Outstation collection charges Rs. 65 + applicable taxes per repayment instrument

Annual/Additional Maintenance Charges

Details Charges
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 1.0% of the loan amount* + applicable taxes during initial tenure. 0.25% of the current Flexi Term Loan amount plus applicable taxes during subsequent tenor
Note: Annual/Additional Maintenance Charge is deducted upfront every year for the complete tenor of the loan.

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* + applicable taxes outstanding as on the date of such full pre-payment
Flexi Term Loan 4% on the current Flexi Term Loan amount* + applicable taxes (as per the repayment schedule) on the date of levy of such charges
Flexi Hybrid Loan 4% on the Loan amount* + applicable taxes during initial tenor 4% on the current Flexi Term Loan amount plus applicable taxes* during subsequent tenor

Part-Prepayment Charges

Borrower Type Time Period Part-Prepayment Charges
Not applicable if the Borrower is an Individual and the Loan is availed on floating interest rate. More than 1 month from date of loan disbursal. 2% + applicable taxes on part-payment amount paid.

The following charges are applicable on Loan Against Property for Business Loan –

Types of Fees Applicable Charges
Rate of interest 16% p.a. onwards
Processing fees 2% + applicable taxes
DOCUMENT/STATEMENT CHARGES

Statement of Account/ Repayment Schedule/Foreclosure Letter/No Dues Certificate/Interest Certificate/List of documents
 

Recently Updated

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.
Outstation collection charges Rs. 65 + applicable taxes per repayment instrument
Mortgage Origination Fee (MOF) Rs. 5000 to Rs. 5500
Penal Interest 2%
Bounce charges Rs. 2000 inclusive of taxes
Foreclosure charges (if any) 4% + applicable taxes
Any change in the terms, number of days notice published through company’s website/electronic media 30 days
Document processing charges Rs. 1449 + applicable taxes
Notice period for exercise of right of lien/setoff 7 days
Part-prepayment charges (Not applicable if the borrower is an individual and the loan is availed on a floating interest rate basis) 2% + applicable taxes

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.

 

Newly Introduced

Business loan Fees & Interest Rates FAQs

How is interest calculated on a business loan?

Business Loan interest rate is calculated basis- E = P * r * (1+r)^n / ((1+r)^n-1).

Here, P signifies principal loan amount, r signifies the interest rate, n stands for tenor in months and E signifies the EMI amount.

You can use the Bajaj Finserv EMI Calculator to instantly check the interest payable, EMI amount and more.

What is the processing fee for business loans?

Bajaj Finserv charges a nominal amount of up to 3% of the principal amount as processing fees.

What is the minimum and maximum business loan repayment tenor at Bajaj Finserv?

With Bajaj Finserv, you can spread your Business Loan EMIs between a repayment tenor of 12 to 60 months.

How to choose the ideal repayment tenor for business loans?

Consider the following factors to choose an ideal tenor and avoid chances of defaulting.

  • Loan amount – A shorter tenor is better for a small loan amount and vice versa.
  • Rate of interest – If interest rates are comparatively lower, consider going for a shorter tenor. Longer repayment tenor increases the total cost of loan.
  • Financial plans – If there are large expenditures planned in the future, go for a shorter tenor and clear off your debts early.
  • Monthly liabilities – In case of high monthly expenses, a longer tenor is ideal for convenient repayment.

What are the pre-closure/foreclosure charges for business loans?

Business Loan foreclosure with Bajaj Finserv attracts 4% charges on the outstanding amount. It also levies the outstanding taxes on the date of foreclosure.

If you go for part-prepayment, a 2% charge is levied along with the outstanding taxes on the amount part-prepaid.

Why You Should Take a Business Loan to Pay Your Business Bills and Reduce Debt?

Tips to Responsibly Pay-off Your Small Business Loan

How Flexi Business Loans Result in Lower EMI Amounts

Why your business should opt for debt financing

Why your business should opt for debt financing

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