ESOP financing interest rate and processing fee

We advise you to check our interest rate and processing fees before applying for our ESOP financing.

Applicable interest rate and processing fees for ESOP Financing

The following charges are applicable on ESOP financing:

Types of fees Charges applicable
Interest rate Up to 20% per annum
Processing fee Up to 4.72% of the loan amount (inclusive of applicable taxes).
Prepayment charges

Full prepayment - 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 principal amount of loan prepaid on the date of such part-prepayment

Bounce charges In case of default of repayment instrument, Rs. 1,200/- per bounce will be levied.
Annual maintenance charges Up to 1.18% (inclusive of applicable taxes) on the sanctioned amount
Penal interest Delay in payment of monthly instalment shall attract penal interest up to 36% per annum applicable on the monthly instalment outstanding, from the respective due date until the date of receipt of monthly instalment.
Stamp duty Payable as per state laws
Brokerage charges* As applicable at actuals
DP charges** As applicable at actuals
Pledge confirmation charges** As applicable at actuals
Pledge invocation charges** As applicable at actuals
Demat share transfer charges (post invocation)** As applicable at actuals
Legal charges As applicable at actuals

*Charges levied by Broker to BFL and the same is being passed on to the clients

**Charges levied by NSDL/ CDSL to BFL and the same is being passed on to the clients

Frequently asked questions 

What is the interest and fees on ESOP financing?

Bajaj Finance offers interest rate of up to 20% for ESOP financing.
Apart from that there are other fees applicable. Common fees include processing fees, part-prepayment fee, foreclosure charges and many more. These fees are typically charged upfront or deducted from the loan amount and can add to the total cost of the loan.

Is there an origination fee or processing fee charged when applying for a loan against shares?

Yes, Bajaj Finance charges a processing fee of up to 4.72% of the loan amount (inclusive of applicable taxes).

What are the fees and charges associated with ESOP financing?

The fees and charges associated with ESOP financing are mentioned above. It's important to carefully consider the interest rate and any fees associated with a loan before accepting it to understand the full cost of borrowing and ensure that the terms are reasonable and affordable.

 Disclaimer:

* Subject to sole discretion of Bajaj Finance Limited and regulatory guidelines.