Frequently asked questions
The processing fee for a Bajaj Finserv Secured Business Loan is up to 3.54% of the loan amount, inclusive of applicable taxes.
- Up to 4.72% (inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.
- Not Applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi
- If all borrowers and co-borrowers are individuals, loan availed on floating interest rates and loan taken for purposes other than business use, then there will be no foreclosure/ part-prepayment charges.
Bounce charge is the fee you have to pay if you miss an EMI payment.
We charge Rs. 1,500 per bounce, for every EMI missed. In case of late payment or EMI(s) default, penal interest will be levied at a rate of 3.50% per month on the monthly instalment/ EMI outstanding from the date of default until the receipt of the monthly instalment/ EMI.
You can get a Bajaj Finserv Secured Business Loan with a competitive interest rate ranging from 9% to 25% p.a.