Types of fees and charges on a personal loan

2 min read

With easy to understand terms and conditions a Bajaj Finserv Personal Loan is 100% transparent and comes with zero hidden charges.

The rates and fees charged on a personal loan are listed below in the table:

Types of Charges

Charges Applicable

Rate of interest

13% onwards

Processing fees

Up to 4.13% of the loan amount (plus taxes)

Bounce charges

Rs. 600 - Rs. 1,200 per bounce (inclusive of applicable taxes)

Penal interest

2% to 4% per month on the monthly instalment/ EMI outstanding.

This penal interest will be chargeable from the date of default until the receipt of monthly instalment/ EMI.

Document/ statement charges

Statement of account/ repayment schedule/ foreclosure letter/ No Dues Certificate/ interest certificate/ other list of documents

You can download your e-statements/ letters/ certificates without any additional cost from our customer portal- Experia.

You can also get a physical copy of your statements/ letters/ certificates/ other list of documents from any of our branches at just Rs. 50 (Inclusive of applicable taxes) per statement/ letter/ certificate.

To make an informed decision, read here to know more about the fees and charges applicable on your personal loan.

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