Loan Against Bonds interest rate and processing fee

We advise you to check our interest rate and processing fees before applying for our loan against bonds.

Applicable fees and charges

The following charges are applicable on loan against securities:

Types of fees Charges applicable
Interest rate Up to 20% per annum
Processing fee Up to 4.72% of the loan amount (inclusive of applicable taxes).
Prepayment charges

Full prepayment - Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment

Part-prepayment - Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment

Annual maintenance charges/ renewal fee Up to 1.18% (inclusive of applicable taxes) on the sanctioned amount
Bounce charges In case of default of repayment instrument, Rs. 1,200/- per bounce will be levied.
Penal interest Delay in payment of monthly instalment shall attract penal interest up to 36% per annum applicable on the monthly instalment outstanding, from the respective due date until the date of receipt of the monthly instalment.
Stamp duty (as per respective state) Payable as per state laws
Brokerage charges* As applicable at actuals 
DP charges** As applicable at actuals
Pledge confirmation charges** As applicable at actuals
Pledge invocation charges** As applicable at actuals
Demat share transfer charges (post invocation)** As applicable at actuals
Legal charges As applicable 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 Loan Against Bonds

Video Image 00:44
   

Step-by-step guide to avail loan against bonds

Step 1: Click on ‘Apply’ to initiate your application.
Step 2: Enter your mobile number to Sign in and click ‘GET OTP’.
Step 3: Enter the OTP sent to your mobile number. On successful verification, you will be redirected to our online application form.
Step 4: Enter basic details like: Full name, Email ID, mobile number and city of residence.
Step 5: Under ‘Type of Security’ select ‘Bonds’.
Step 6: Enter the total portfolio value of your bonds and click on ‘Submit’.

Once you have shown your interest in availing of the loan and submitted your details, our representative will get in touch with your further proceedings. The final loan amount shall be calculated basis the effective pledge marked on the bonds and the price of the bonds.
Disbursement shall be done post successfully verification, and pledging.

Frequently asked questions

What are the interest rates and fees on a loan against bonds?

Bajaj Finance offers interest rate of up to 20% p.a. for loan against bonds.The final interest rate will depend on the types of bonds and value of bonds being pledged.

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.

Is there an origination fee or processing fee charged when applying for a loan against bonds?

Yes, Bajaj Finance charges a processing fee of up to 4.72% of the loan amount (inclusive of applicable taxes).

What are the fees and charges associated with a loan against bonds?

The fees and charges associated with loan against bonds 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.

Disclaimer:

Investments in the securities market are subject to market risk, read all related documents carefully before investing.

Reg Office: Bajaj Auto Limited Complex, Mumbai –Pune Road Akurdi Pune 411035. Corp. Office: Bajaj Financial Securities Ltd., 1st Floor, Mantri IT Park, Tower B, Unit No 9, Viman Nagar, Pune, Maharashtra 411014. SEBI Registration No.: INZ000218931 | BSE Cash/F&O (Member ID: 6706) | NSE Cash/F&O (Member ID: 90177) | DP registration No: IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN – 163403. Website: https://www.bajajfinservsecurities.in/