Fees and charges for loan against shares
Types of fees |
Charges applicable |
Interest rate |
10% p.a. + applicable taxes |
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 + applicable taxes |
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 - Experia. |
*Applicable only for online application of loan against securities.
Mandate rejection service charge: Rs. 450 (inclusive of applicable taxes) charges will be levied if the new mandate form is not registered within 30 days from the date of rejection of the previous mandate form by the customer’s bank for any reason.
Frequently asked questions
With an easy and convenient online process, you can get a loan up to Rs. 10 crore depending on your security value at Bajaj Finance. You need minimum financial documents to avail of a loan against shares, 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 shares up to Rs. 10 crore at an interest rate of 10% 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 - Experia.
