✔ Get Upto 30 Lakh in 2 days ✔ Apply Online ✔ Mininum Documentation ✔ Collateral Free Loans ✔ Check Eligibility ✔ Low Interest Rates ✔ Business Loan Calculator

Fees and charges

Bajaj Finserv is very open when it comes to sharing details of the full cost of your business loan from us. Below are fees and charges that you may be required to pay:-

Types of fees Charges applicable
Rate of interest Up to 16% -35%
Processing fees Up to 2%
Loan statement charges NIL
Interest & principle statement charges NIL
PDC swap charges NIL
EMI bounce charges Rs.2,500 for every bounce
Penal interest 2.00% p.m
Secure fee NA

*Applicable following 1st EMI clearance.

Foreclosure Charges

Borrower Type: Interest Type Time Period
Foreclosure charges
Individual: Floating rate <1 NIL
Non-Individual: Floating rate & All borrowers: Fixed rate >1 4% plus applicable taxes
  • For Term Loan on principal outstanding
  • For Line of Credit (Flexi Pure) Charges will be calculated on sanctioned limit
  • For Flexi Saver (Dropline Flexi) charges will be calculated on current Dropline limit
  • Foreclosure can be done only after 1st EMI on the loan is paid. Before 1st EMI repayment, loan can only be cancelled.

Part prepayment Charges

Borrower Type: Interest Type Time Period
Part payment charges
Individual: Floating rate >1 NIL
Non-Individual: Floating rate & All borrowers: Fixed rate >1 2% plus applicable taxes on part payment amount paid
  • Part payment made should be more than 1 EMI.
  • Charges not applicable for Line of credit (Flexi Pure) & Flexi Saver (Dropline Flexi)

Line of Credit

Business loan allows you to avail ‘Line of Credit’ facility, also known as ‘Flexi line’. Line of Credit is a unique credit facility given to our loan applicants, wherein you are approved for certain limit of credit/ loan, for a said duration. The monthly installment for Line of Credit will consist only of the interest amount and will not have a principal component on a monthly basis. The principal amount of loan is to be repaid at the end of the tenure of the facility. Hence, it acts as a big saving arm to your cash flows.

Benefits of Line of Credit

  • Your monthly instalment is only the interest amount charged for the month, unlike any other term loan
  • You can deposit the funds when in access and withdraw fund when required in business, and you will be charged interest only on the amount utilized by you.
  • The limit may drop along the tenor (Dropline) or remain constant throughout the tenor, giving you maximum availability of funds throughout the tenor.
  • No additional cost levied on withdrawals/ drawdowns
  • Access all your loan related information or transactions online at our customer portal
  • Convert your term loan into line of credit, anytime of the year
  • Bullet repayment option available at the end of the year.

Contact Us

Contact us at our toll free number: 020 3957 4151

  • And Enter your 7-digit BFL Customer ID
  • Select from various IVR options
  • Access IVR in 10 languages: English, Hindi, Bengali, Marathi, Punjabi, Gujarati, Tamil, Telugu, Kannada and Malayalam

Or write to us at: wecare@bajajfinserv.in

Or Visit our office branch. To know the address of your nearest branch Click here

Or access your loan account online at our Experia- customer portal