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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% - 15% per Annum
Processing fee Up to 2.36% of the loan amount (inclusive of applicable taxes)
Prepayment charges

Full prepayment

  • As per the agreed sanctioned terms of any facility : Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment.

Part prepayment

  • Up to 4.72% (inclusive of applicable taxes) of the outstanding amount of Loan prepaid on the date of such 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% - 15% 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:
(a) The Company would charge an additional interest rate risk premium of 200 bps over the applicable rate of interest on the borrower's loan account as on that date.
(b) Three conversions are permissible throughout the entire tenure.
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