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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:-

  Time Period (Months) Foreclosure/ Part-prepayment charges Validation(s)
Foreclosure Charges >1 4% 1)Foreclosure charges will be applicable on the current POS outstanding for Term Loan
2) Foreclosure charges for Line of Credit will be calculated on the sanctioned amount
3) Foreclosure charges for Flexi saver will be calculated on the Dropline amount
Part prepayment charges >1 - Nil on Flexi & LOC - Term Loan 2%, plus applicable taxes on part payment amount paid 1) Part payment made should be more than 01 EMI
2) The full and/ or part prepayment can be made by the borrower only after clearance of first monthly instalment by the borrower
3) The above prepayment charges are not applicable to Flexi and Line of Credit loans availed by the Borrower, unless otherwise communicated by the lender to the Borrower at a subsequent date

Line of credit facility

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.
  • Access all your loan related information or transactions online at our customer portal
  • You can opt to part- prepay your loan amount, anytime of the year, with no additional charges.
  • No additional cost levied on withdrawals/ drawdowns
  • Convert your term loan into line of credit, anytime of the year
  • Bullet repayment option available at the end of the year.

Contact Us

For existing customers

Follow these simple steps to use our toll free IVR

  • Dial 020 3957 4151
  • 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

Email

Write to us at wecare@bajajfinserv.in with your queries

SMS updates

SMS <<keyword below>> to +91 92275 64444
GETEMAIL for your current email address
UPDEMAIL <New email> to update your email address
GETADD for your current registered email address
CUSTID to know your customer ID
LAN to know your Loan Account Number
EMI LAN to know your loan/ EMI details
EXPERIA to know your Experia user ID and password
PIN to know your 4 digit EMI card PIN
FEEDBACK to give your valuable feedback
SAT Y Give a positive feedback
SAT N to give a negative feedback
(Your mobile number should be registered with us for this facility). Standard SMS Charges applicable

Visit our branch to:

  • Change mode of payment (Swapping)
  • Purchase / cancel an Insurance Policy
  • Foreclose your loan
  • Claim a refund

To know the address of your nearest branch Click here


Follow these simple steps to log on to our Customer Portal (Experia)

  • Visit www.bajajfinserv.in
  • Log in using your username / mobile number / email id and password
  • Access all loan details
  • Manage your loans
  • View special offers