Overview
Commercial Lending business within Bajaj Finserv caters to Corporate client base by offering Term Loan, Lease Rental Discounting and Working Capital products. We specialize in lending to diverse set clients across mid-size corporates with investment grade rating. Dynamic solutions to meet client requirements and superior turn around time are some of the key highlights.
| Types of fees | Charges applicable |
| Rate of interest | 7% - 15% per Annum |
| Processing fee | Up to 2.36% of the loan amount (inclusive of applicable taxes) |
| Prepayment charges | Full Pre-payment As per Agreed Sanctioned Terms of any Facility : Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment Part Pre-payment Up to 4.72% (Inclusive of applicable taxes) of the outstanding amount of Loan prepaid on the date of such part Pre-Payment. Note: - If all borrowers and co-borrowers are Individual, loan availed on floating interest rates, and loan taken for purpose other than business use, then there will be no foreclosure / part payment charges. |
| Bounce charges | Rs. 3000/- per bounce. “Bounce Charges” shall mean charges levied on each instance in the event of: (i) dishonour of any payment instrument irrespective of whether the customer subsequently makes the payment through an alternate mode or channel on the same day; and/or (ii) non-payment of instalment(s) on their respective due dates where any payment instrument is not registered/furnished; and/or (iii) rejection or failure of mandate registration by the customer’s bank. |
| Penal Charge |
Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 4% per annum over and above the prevailing rate of Interest per instalment from the respective due date until the date of receipt of the full instalment(s) amount along with Late Payment Interest (Prevailing Rate of Interest on the Entire Overdue Instalment Amount. For Breach in any other Sanctioned Terms and Conditions (Including PDD / Covenants, LEI non submission, Delay in opening of Escrow account etc) – Interest Rate of the Loan Availed/Outstanding to be increased by 2% p.a till the time the breach is complied/perfected. Click here to view the same. |
| Stamp duty (as per respective state) | Payable as per state laws and borne by the Customer. |
| Discounting charges/ upfront interest / front ended interest | 7% - 15% per annum |
| Legal Charges | Recovery of charges |
| Valuation Charges | As applicable at actuals |
Contact Bajaj Finserv for your Corporate Loan requirements
If you are a new customer who is looking for information about the Bajaj Finserv Commercial Lending products, or if you would like to contact us, you can write a mail on: CommercialLendingCOE@bajajfinance.in
