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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 Up to 15.00% 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 In case of default of repayment instrument, Rs. 3,000/- per bounce will be levied.
Penal Charge
 As per Board Approved Policy. Click here to view the same.
Stamp duty (as per respective state) Payable as per state laws and borne by the Customer.
Other charges (Invoice audit charges, legal charges and other incidental charges, TSR/ Valuation/ CERSAI charges) On actuals (transaction specific)
Discounting charges/ upfront interest / front ended interest Up to 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.

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