Applicable fees and charges
Type of fee |
Applicable charges |
Rate of interest |
11% to 18% p.a. |
Processing fees |
Up to 2.95% of the loan amount (inclusive of applicable taxes). |
Bounce charges |
Rs. 1,500 per bounce. |
Penal interest |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 3.50% per month on the monthly instalment/ EMI outstanding from the date of default until the receipt of the monthly instalment/ EMI. |
Part-prepayment charges* |
4.72% plus applicable taxes on part-payment amount paid. |
Stamp duty |
At actuals (as per state). |
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 | Flexi Term Loan - 0.295% inclusive of applicable taxes on the total withdrawable amount. Flexi Hybrid Loan - 0.59% inclusive of applicable taxes on the total withdrawable amount in the initial tenure. 0.295% inclusive of applicable taxes of the total withdrawable amount in the subsequent tenure. |
Foreclosure charges | Term Loan – 4.72% inclusive of applicable taxes on the principal outstanding amount as on the date of such full pre-payment. Flexi Term Loan and Flexi Hybrid Loan: 4.72% inclusive of applicable taxes on total withdrawable amount (total loan amount that you can withdraw under Flexi Term Loan and Flexi Hybrid Loan from time to time as per the repayment schedule on the date of levy of such charges). |
*These charges are not applicable on the Flexi Term Loan and Flexi Hybrid Loan facilities. Moreover, part-prepayment should be more than one EMI.
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.