Fees and charges for loan against securities
Types of fees |
Charges applicable |
Interest rate |
Up to 15% p.a. |
Processing fees |
Rs. 1,000 + applicable taxes |
Interest and principal statement charges |
NIL |
Foreclosure charges |
NIL |
Pre-payment charges |
NIL |
Bounce charges |
Rs. 1,200 per bounce (inclusive of applicable taxes) |
Penal interest |
2% per month |
Document/ statement charges Statement of account/ repayment schedule/ foreclosure letter/ no dues certificate/ interest certificate/ list of documents |
Download your e-statements/ letters/ certificates at no extra cost by logging into our Customer Portal - My Account. |
*Applicable only for online application of loan against securities.
Frequently asked questions
With an easy and convenient online process, you can get a loan up to Rs. 700 crore (Customers can get up to Rs. 50 lakh online, whereas Rs. 700 crore is the maximum loan amount Bajaj Finance Ltd offers offline, subject to eligibility and BFL board approval for an amount above Rs. 350 crore) depending on your security value at Bajaj Finance. You need minimum financial documents to avail of a loan against securities, mutual funds, fixed maturity plans, equity shares or Demat shares with us.
Yes, you can choose to foreclose your loan anytime you want after paying the interest and principal loan amount. There are no foreclosure charges levied on the customer.
The interest rate differs from lender to lender. At Bajaj Finance Limited, you can avail of a loan against securities up to Rs. 700 crore (Customers can get up to Rs. 50 lakh online, whereas Rs. 700 crore is the maximum loan amount Bajaj Finserv offers offline, subject to eligibility and BFL board approval for an amount above Rs. 350 crore) at an interest rate up to 15% p.a. along with applicable taxes per annum, depending on the loan amount and tenor chosen.
You can repay the loan along with the due interest through RTGS/NEFT/cheque during the loan tenor. You can also repay the loan by logging into our customer portal - My Account.
