Overview
Commercial Lending business within Bajaj Finserv caters to Corporate client base by offering Term Loan, Lease Rental Discounting and Working Capital products. We specialize in lending to diverse set clients across mid-size corporates with investment grade rating. Dynamic solutions to meet client requirements and superior turn around time are some of the key highlights.
Types of fees | Charges applicable |
Rate of interest | 7% - 13% per Annum |
Processing fee | Up to 2.36% of the loan amount (inclusive of applicable taxes) |
Prepayment charges | Full prepayment
Part prepayment
|
Bounce charges | Rs. 3,000/- per bounce. “Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason. |
Penal Charge |
Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 4% per annum over and above the prevailing rate of Interest per instalment from the respective due date until the date of receipt of the full instalment(s) amount along with Late Payment Interest (Prevailing Rate of Interest on the Entire Overdue Instalment Amount. For Breach in any other Sanctioned Terms and Conditions (Including PDD / Covenants, LEI non submission, Delay in opening of Escrow account etc) – Interest Rate of the Loan Availed/Outstanding to be increased by 2% p.a till the time the breach is complied/perfected. Click here to view the same. |
Stamp duty (as per respective state) | Payable as per state laws and borne by the Customer. |
Invoice Audit charges, Title Search Report (TSR) Charges |
On actuals (Transaction specific) |
Discounting charges/ upfront interest / front ended interest | 7% - 13% per annum |
Conversion Fee (Floating to Fixed) | For Term Loan - Up to 1.18% (inclusive of applicable taxes) of Principal Outstanding + Undisbursed amount (if any). For Dropline Flexi Loan - Up to 1.18% (Inclusive of applicable taxes) on Flexi Limit + Undisbursed amount (if any). Note: |
Conversion Fee (Fixed to Floating) | For Term Loan - Up to 1.18% (inclusive of applicable taxes) of Principal Outstanding + Undisbursed amount (if any). For Dropline Flexi Loan - Up to 1.18% (inclusive of applicable taxes) on Flexi Limit + Undisbursed amount (if any). Note: Three conversions are permissible throughout the entire tenure. |
CERSAI Charges | As applicable at actuals |
Legal Charges | As applicable at actuals |
Valuation Charges | As applicable at actuals |
Contact Bajaj Finserv for your Corporate Loan requirements
If you are a new customer who is looking for information about the Bajaj Finserv Commercial Lending products, or if you would like to contact us, you can write a mail on: CommercialLendingCOE@bajajfinance.in