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Personal Loan Interest Rates & Charges

Interest Rates & Charges

With Bajaj Finserv, you do not have to worry about any hidden fees or charges. Here are the charges applicable on your personal loan:

Types of Fees

Charges Applicable

Interest rate
13.99%
Processing fees
2.25% - 3% of the loan amount
EMI bounce charges
Rs. 1,200 per bounce
Penal interest
2.38 % default interest including taxes per month
Secure fee (only for online approvals)
Rs. 4,499

Foreclosure Charges

Borrower Type

Time Period

Foreclosure charges

All borrowers
More than 1 month from date of loan disbursal
4% plus applicable taxes on principal outstanding*

*Foreclosure charges for term loan will be applicable on the current principal outstanding.

*Foreclosure charges for Flexi loans will also be calculated on the current principal outstanding.

Part-prepayment Charges

Borrower Type

Time Period

Foreclosure charges

All borrowers
More than 1 month from date of loan disbursal
2% plus applicable taxes on part-payment amount paid*

*Part-prepayment made should be more than 1 EMI.

*These charges not applicable for Flexi Loan and Flexi Loan facilities.

Annual Maintenance Charges

Flexi Interest-only Loan

Flexi Term Loan

Loan Limit

0.25% on sanctioned amount*
0.25% on Flexi Term Loan*
0.25% on Flexi Term Loan*

*These charges will be levied annually.

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