Applicable fees and charges
Type of fee |
Applicable charges |
Rate of interest |
11% - 18% per annum |
Processing fees | Up to 2.95% of the loan amount (inclusive of applicable taxes). |
Document processing charges | Up to Rs. 2,360/- (inclusive of applicable taxes) |
Flexi Fee |
Term Loan – Not applicable Up to Rs. 3,999 (inclusive of applicable taxes) for loan amount from Rs. 2,00,000/- to Rs. 3,99,999/- Up to Rs. 5,999 (inclusive of applicable taxes) for the loan amount from Rs. 4,00,000/- to Rs. 5,99,999/- Up to Rs. 6,999 (inclusive of applicable taxes) for the loan amount from Rs. 6,00,000/- to Rs. 9,99,999/- Up to Rs. 7,999 (inclusive of applicable taxes) for the loan amount of Rs. 10,00,000/- and above |
Bounce charges |
Rs. 1,500/- per bounce |
Penal interest |
Any delay in payment of monthly instalment shall attract penal interest at the rate of 3.50% per month on the monthly instalment, from the date of default until the receipt of monthly instalment. |
Pre-payment charges |
Full Pre-payment Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment. Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment. Part Pre-payment |
Stamp duty |
Payable as per state laws and deducted upfront |
Mandate rejection charges |
Rs. 450 per month from the first month of due date for mandate rejected by customer's bank until the new mandate is registered. |
Annual maintenance charges | Term Loan: Not Applicable Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Loan: Up to 0.59% (inclusive of applicable taxes) of the total withdrawable amount during initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable Amount during subsequent tenure. |
Broken period interest/ Pre-EMI Interest |
"Broken Period Interest/ Pre-EMI Interest" shall mean the amount of interest on loan for the number of day(s) which is(are): Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the loan Method of recovery of Broken Period Interest/ Pre-EMI Interest: Scenario 2: Less than period of 30 (thirty) days from the date of disbursement of the loan, Interest on first instalment will be charged for actual number of days |
Switch fees* | Up to 1.18% of the loan amount (inclusive of applicable taxes) |
*Switch fees is applicable only in case of switch of loan. In switch cases, processing fees and documentation charges will not be applicable.
Frequently asked questions
The processing fee for a Bajaj Finserv CA Loan may go up to 2.95% of the loan amount, inclusive of taxes.
When making a part-prepayment, you must account for a fee of 4.72% (inclusive of applicable charges) on the part-prepayment amount paid.
A bounce charge is the penalty incurred when you miss an EMI payment. Bajaj Finserv charges Rs. 1,500 per bounce, for every EMI missed. Also, in case of late payment or EMI(s) default, penal interest will be levied at a rate of 3.50% per month.
You can get a Bajaj Finserv CA Loan at a competitive interest rate between 11% and 18% p.a.