Applicable fees and charges
The following charges are applicable on IPO financing:
|Types of fees||Charges applicable
|Interest rate||Up to 24% per annum or flat interest up to Rs. 30,000 per IPO application till the date of allotment
|Processing fee||Up to 4.72% of the loan amount (inclusive of applicable taxes).
|Annual maintenance charges||Not applicable
|Bounce charges||Not applicable
|Penal interest||Up to 24% p.a. in case of default or in case of non-observance of any of the terms of the agreement|
|Stamp duty||As applicable|
|Brokerage charges*||As applicable|
|DP charges**||As applicable|
|Foreclosure charges||Not applicable
|Pledge confirmation charges*||As applicable|
|Pledge innovation charges*
|Demat share transfer charges (post invocation)||0.024% + flat Rs. 5.9 (minimum being Rs. 64.9) (inclusive of applicable taxes)
|Legal charges||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
How to avail IPO Financing
Frequently asked questions
Bajaj Finance offers interest rate of up to 24% for IPO 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.
Yes, Bajaj Finance charges a processing fee of 4.72% + applicable taxes on IPO Financing.
The fees and charges associated with IPO 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.