Bajaj Finserv offers the lowest rate of interest on Business Loan. Read more about our latest interest rate and fees and charges below.
| Types of Fees | Applicable Charges |
|---|---|
| Rate of interest | 18% onwards |
| Processing fees | Up to 3% of the loan amount |
| Statement of Account/ Repayment Schedule/Foreclosure Letter/No Objection 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. 250/- (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 + applicable taxes |
| Document processing charges | Rs. 1449 + applicable taxes |
| Outstation collection charges | Rs. 65 + applicable taxes per repayment instrument |
| Secure fee | NIL |
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 |
| 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 |
| 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% onwards |
| Processing fees | 2% + applicable taxes |
| Statement of Account/ Repayment Schedule/Foreclosure Letter/No Objection 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. 250/- (inclusive of taxes) per statement/letter/certificate. |
| Outstation collection charges | Rs.65* per repayment instrument |
| Mortgage Origination Fee (MOF) | Rs. 5000 to Rs. 5500 |
| Penal Interest | 2% + applicable taxes |
| 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 |
| Notice period for exercise of right of lien/setoff | 7 days |
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.
Loan Against Property Interest Rates
Personal Loan for Self Employed
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