Fees and charges for CA Loan

Get a Bajaj Finserv Loan for Chartered Accountants at an affordable rate of interest. Read more about the applicable fees and charges below

Types of fees

 Charges applicable

Interest rate

14% to 17% p.a

Processing fee

Up to 2% of the loan amount (plus applicable taxes)

Bounce charges

Up to Rs. 3,000 (inclusive of applicable taxes)

Penal interest (applicable in case of non-payment of monthly instalment on/ before the due date)

Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 2% per month on the monthly instalment/ EMI outstanding, from the date of default until the receipt of monthly instalment/ EMI.

Document processing charges

Rs. 2,360 + applicable taxes

Stamp duty

At actuals. (as per State)

Mandate Rejection Charges Rs. 450/- (Inclusive of applicable taxes) per month from the first month of due date for mandate rejected by customer’s bank until the new mandate is registered


Annual/ additional maintenance charges

Loan variant

Charges

Flexi term loan

0.25% of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges plus applicable taxes

Flexi Hybrid loan

0.25% to 0.5% plus applicable taxes of the total withdrawable amount during initial tenor.

0.25% of the total withdrawable amount during subsequent tenor plus applicable taxes.


Foreclosure charges

Loan variant

Charges

Loan (term loan/ advance EMI/ step-up structured monthly instalment/ step-down structured monthly instalment)

4% + applicable taxes on the outstanding loan amount payable by the borrower on the date of such full pre-payment.

Flexi Term loan

4% plus applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment.

Flexi Hybrid loan

4% plus applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment.

 

Part-prepayment charges

Borrower type

Time period

Charges

Not applicable if the borrower is an individual and the loan is availed on the floating interest rate and not applicable for Flexi Term/ Hybrid Flexi variants

More than 1 month from the date of loan disbursal.

2% + applicable taxes on part-payment amount paid.


Mandate rejection service charge*: Rs. 450 (inclusive of applicable taxes)

*Charges will be levied if the new mandate form is not registered within 30 days from the date of rejection of the previous mandate form by the customer’s bank for any reasons whatsoever.

Whether it is a secured or an unsecured loan for chartered accountants, with Bajaj Finserv you are assured of attractive terms. With nominal processing fees and loan charges your borrowing remains budget-friendly. To reduce your net interest payment, you can part-prepay or foreclose your loan against minimal to nil charges. With a CIBIL score of 685 or more, you can secure the best interest rate on your CA loan.

The loan fees and charges apply as per the type of loan you avail. We guarantee zero hidden charges, so make sure to assess the total cost of borrowing by reading the loan agreement. Through our customer portal – Experia you can avail a suite of free services and save on costs by downloading your loan statements and interest certificates instead of seeking physical copies.

*Conditions apply

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