Flexi loan interest rate & charges
Bajaj Finserv provides you personal and business loan at attractive interest rate and minimal fees & charges. The loan comes with no hidden charges and 100% transparency. The charges which are applicable for loan processing are mentioned below:
Types of Fees |
Charges Applicable |
Rate of Interest |
Personal Loan 11% Business Loan 9.75% to 30% |
Processing Fee |
Up to 2% of the loan amount (plus applicable taxes) |
Penal Interest |
Delay in payment of Monthly instalment shall attract penal interest at the rate of 3.50% per month on the Monthly Instalment outstanding, from the respective due date until the date of receipt of Monthly Instalment. |
Document Processing Charges |
Rs. 2,360/- (inclusive of applicable taxes) |
Bounce Charges |
Up to Rs. 1,500/- |
Stamp Duty |
At actuals. (as per State) |
| Flexi Fee for Business Loan | Term Loan - Not Applicable Flexi Hybrid (as applicable below) Up to Rs. 5,999 (inclusive of applicable taxes) where the total loan amount (including VAS amount/ insurance premium/ upfront charges or additional fees and charges) is < Rs. 10 lakh Up to Rs. 7,999 (inclusive of applicable taxes) where the total loan amount (including VAS amount/ insurance premium/ upfront charges or additional fees and charges) is ≥ Rs. 10 lakh and < Rs. 15 lakh Up to Rs. 12,999 (inclusive of applicable taxes) where the total loan amount (including VAS amount/ insurance premium/ upfront charges or additional fees and charges) is ≥ Rs. 15 lakh and < Rs. 25 lakh Up to Rs. 15,999 (inclusive of applicable taxes) where the total loan amount (including VAS amount/ insurance premium/ upfront charges or additional fees and charges) is ≥ Rs. 25 lakh Business Loan Dropline Flexi charges: Rs. 999 (inclusive of applicable taxes) These charges will be deducted upfront from the loan amount. |
| Flexi Fee for Professional Loan & Salaried loan | Term Loan - Not Applicable Flexi Variant (as applicable below) Rs. 1,999/- (Inclusive of applicable taxes) where the total loan amount (including VAS amount/ Insurance premium/ Upfront Charges or additional fees and charges) is < Rs. 2 Lacs Rs. 3,999/- (Inclusive of applicable taxes) where the total loan amount (including VAS amount/ Insurance premium/ Upfront Charges or additional fees and charges) is ≥ Rs. 2 Lacs & < Rs. 4 Lacs Rs. 5,999/- (Inclusive of applicable taxes) where the total loan amount (including VAS amount/ Insurance premium/ Upfront Charges or additional fees and charges) is ≥ Rs. 4 Lacs & < Rs. 6 Lacs Rs. 6,999/- (Inclusive of applicable taxes) where the total loan amount (including VAS amount/ Insurance premium/ Upfront Charges or additional fees and charges) is ≥ Rs. 6 Lacs & < 10 Lacs Rs. 7,999/- (Inclusive of applicable taxes) where the total loan amount (including VAS amount/ Insurance premium/ Upfront Charges or additional fees and charges) is ≥ 10 Lacs |
Flexi Loan Annual/ Additional Maintenance Charges (AMC)
Annual Maintenance charge is a nominal charge which is charged every year basis your anniversary date. This is charged for the exclusive services which we provide you (like part payment, drawdown and account maintenance.)
You need to pay the Annual Maintenance Charge every year as per your loan disbursement month. This amount automatically gets debited from your bank account.
Loan Variant |
AMC Charges |
Flexi Term loan |
0.295% (Inclusive of applicable taxes) of the total withdrawable amount, as per the repayment schedule on the date of levy of such charges. |
Flexi Hybrid loan |
Personal Loan:
Business Loan:
|
Foreclosure Charges
Loan Variant |
Foreclosure Charges |
Flexi Term loan |
4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule on the date of such full prepayment. |
Flexi Hybrid loan |
4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule on the date of such full prepayment. |
IMPORTANT:
Part-prepayment charges: Part-payment charges are not applicable if the borrower is an individual with a variant of Flexi loan.
Mandate rejection service charge*: Rs. 450 (inclusive of applicable taxes)
*Charges will be levied if the new mandate form is not registered within 30 days from the date of rejection of the previous mandate form by the customer’s bank for any reasons whatsoever.
Bajaj Finserv flexi Loans come up with attractive interest rates which start from 14% onwards and changes basis the type of loan once has chosen. This nominal rate of interest and a transparent list of charges ensure that you can plan your repayment effectively before you avail of the loan.
Access your loan-related document for free at any time via Bajaj finserv APP & customer portal - My Account, where you can view your loan details whenever and wherever you want. You can also download your monthly account statement and many more.
Frequently asked questions
The processing fee for Bajaj Finserv Flexi loan may go up to 4% of the loan amount plus taxes. This fee depends on the loan amount and factors such as your eligibility.
For any flexi loan facility, there is no charge applicable for making any partpayment. You can make partpayment whenever you have surplus fund at no additional charge.
