Making part-prepayments to your loan account or foreclosing it before time, helps reduce your debt burden. If you wish topart-prepay or foreclose your Bajaj Finserv Personal Loan, you have to pay the following mentioned charges:
- There are no part-prepayment charges levied if you have opted for the Flexi Personal Loan.
- If you have a normal term loan, you have to pay 2% (plus taxes) on the prepaid amount, provided that it is greater than the one EMI. These charges are applicable only after you pay at least one monthly instalment of your loan.
- If you wish to foreclose your loan account, you have to pay 4% plus applicable taxes on the remaining principal as it stands on the date of full prepayment.
- If you opt for a Flexi Personal Loan, you will be charged 4% plus applicable taxes and cess on the total amount withdrawn*.
Access your account through customer Portal- Bajaj Finserv customer service portal to do part prepayment or make foreclosure of your personal loan.
Read here to know more about the interest rate and applicable charges on a personal loan