Applicable fees and charges
| Types of fees | Charges applicable |
| Rate of interest | 11% - 22% per annum |
| Processing fee | Up to 2.95% of the loan amount (inclusive of applicable taxes) |
| Documentation charges | Up to Rs. 2,360 (inclusive of applicable taxes) |
| Flexi fee | Term Loan: Not applicable *The Flexi charges above will be deducted upfront from the loan amount. *Loan amount includes approved loan amount, insurance premium, VAS charges and documentation charges. |
| Prepayment charges | Full prepayment (Foreclosure) Foreclosure can be processed post clearance of first EMIs |
| 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 |
| Bounce charges | In case of default of repayment instrument, Rs. 1,500 per bounce will be levied. |
| Penal charge |
Delay in payment of instalment(s) shall attract Penal Charge of Rs. 25 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
| Stamp duty (as per respective state) |
Payable as per state laws and deducted upfront from the loan amount |
| 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 |
| Instalment default charge |
Rs. 450 per month from the first instalment due date for mandates rejected by customers bank until the new mandate is registered. |
| Cash collection handling charges | Rs. 177 (inclusive of applicable taxes) will be charged if customer opts to make payment in cash when the collection is done by the collection agents. This fee is charged only once per month, regardless of the number of payments made against multiple LANs. |
| Cash deposit charges | Customers will incur a cash deposition charge of Rs. 50 (Inclusive of Applicable taxes) when making cash payments at our branch offices. |
| PG facility charges | Rs. 11 (Inclusive of Applicable taxes) will be charged for utilizing the payment gateway to make part or full payments towards the loan through digital properties. |
| 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) charged in two scenarios: Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, broken period interest is recovered by the following methods: • For Term Loan: Deducted from the loan disbursement • For Flexi Term Loan: Added to the first instalment • For Flexi Hybrid Loan: Added to the first instalment Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, interest is charged only for the actual number of days since the loan was disbursed. |
| Switch fees | Up to 1.18% of the loan amount (inclusive of applicable taxes) (Switch fee is applicable only in case of switch of loan. In switch cases, processing fees and documentation charges will not be applicable.) |
How to apply for a chartered accountant loan
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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 up to 4.72% (inclusive of applicable taxes) on the part-prepayment amount paid. Part prepayment charges are not applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid Loan.
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 42% per month.
You can get a Bajaj Finserv CA Loan at a competitive interest rate between 11% and 22% p.a.
