Interest rate and charges
The following charges are applicable on loan against securities:
Type of fee |
Applicable charges |
Rate of interest |
20% |
Processing fees |
4.72% |
Part-prepayment charges |
4.72% |
Annual maintenance charges |
1.18% |
Bounce charges |
Rs. 1,200/- |
Penal charge |
Delay in payment of instalment (as per payment frequency mentioned in the Sanction Letter) shall attract penal charges as more particularly described in Annexure I from the respective due date until the date of receipt of instalment (as per payment frequency mentioned in the Sanction Letter)/principal/overdue amount. To view Annexure I, kindly click here. |
Stamp duty |
Payable as per state laws and deducted upfront from loan amount |
Brokerage charges |
As applicable |
DP charges** |
As applicable |
Foreclosure charges |
Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment. |
Pledge confirmation charges** |
As applicable |
Pledge invocation charges** |
As applicable |
Demat share transfer charges (post invocation)** |
0.024% + flat Rs. 5.9/- (inclusive of applicable taxes) or Rs. 64.9/- whichever is higher |
Legal charges |
As applicable at actuals |
PG facility charges |
Rs. 11 (Inclusive of applicable taxes) will be charged for utilising the payment gateway to make part or full payments towards the loan through digital properties. |
*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 apply for a loan against mutual funds
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Frequently asked questions
Loan against mutual funds with Bajaj Finance is available to customers at an interest rate of up to 20% p.a.
The fees and charges associated with a loan against mutual funds may vary depending on the lender and the terms of the loan agreement. Here are some potential fees and charges that you may encounter:
a. Interest rate: The lender may charge an interest rate on the loan amount, which can vary based on the loan amount, repayment period, and other factors.
b. Processing fee: The lender may charge a processing fee for the loan, which is usually a percentage of the loan amount.
c. Part-prepayment penalty: Some lenders may charge a part-prepayment penalty if you choose to repay the loan before the end of the loan term.
d. Late payment fee: If you miss a loan repayment, the lender may charge a late payment fee.
e. Stamp duty: In some cases, a stamp duty may be charged on the loan agreement.
It's important to read the loan agreement carefully and understand the fees and charges associated with the loan before signing up for it.
There is a full prepayment charge up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment and there is part-prepayment charge up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment.
Yes, there is a processing fee of up to 4.72% of the loan amount (inclusive of applicable taxes), when applying for a loan against mutual funds. This fee covers the costs associated with processing your loan application. It is important to carefully review the terms and conditions of the loan agreement to understand all fees and charges associated with the loan.
The rate of interest for loan against mutual funds may vary from lender to lender. Ensure you check for precise terms and conditions before borrowing. Bajaj Finance offers loan against mutual funds at an interest rate of up to 20% per annum.
The loan-to-value (LTV) ratio for a loan against mutual funds with Bajaj Finance is up to 90%. The actual LTV ratio may vary depending on the lender and the specific terms and conditions of the loan.
