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 |
| Loan statement charges | Rs.50 |
| Interest & principle statement charges | NIL |
| EMI 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 |
| Part Prepayment charges (Not applicable if the Borrower is an Individual and the Loan is availed on floating interest rate) | 2% + applicable taxes |
| Document processing charges | Rs. 1449 + applicable taxes |
| Outstation collection charges | Rs. 65 + applicable taxes per repayment instrument |
| Other penal charges | NIL |
| Stamp duty | Percentage or Amount – mentioned state wise |
| Upfront interest | NIL |
| Service charges | NIL |
| 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 |
*Applicable following 1st EMI clearance.
| 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 |
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 |
| Loan statement charges | Rs.50 |
| Interest and principle statement charges | NIL |
| 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 |
| Mortgage Origination Fee (MOF) | Rs. 5000 to Rs. 5500 |
| Penal Interest | 2% + applicable taxes |
| Bounce charges | Rs. 2000 inclusive of taxes |
| Pre-payment charges (Not applicable if the Borrower is an Individual and the Loan is availed on floating interest rate) | 2% + applicable 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.
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