Secured Business Loan fees and charges

Read the fees and charges in detail before applying for our secured business loan.

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Applicable fees and charges

Type of fee

Applicable charges

Rate of interest

9% to 22% p.a.

Processing fees

Up to 3.54% of the loan amount (inclusive of applicable taxes)

Documentation Charges

Up to Rs. 2,360/- (inclusive of applicable taxes)

Bounce charges

Rs. 1,500 per bounce.

Penal interest

 Any delay in payment of monthly instalment shall attract penal interest at the rate of 3.50% per month on the monthly instalment, from the date of default until the receipt of monthly instalment.

Stamp duty

Payable as per state laws and deducted upfront from the loan amount
Flexi Fee Term Loan - Not applicable
Flexi Variant - Not applicable

Mandate rejection charges

Rs. 450/- per month from the first month of due date for mandate rejected by customer's bank until the new mandate is registered

Mortgage Origination Fees

Up to Rs. 6,000/- (inclusive of applicable taxes) per property

Property Insight (if availed)

Rs. 6,999/- (inclusive of applicable taxes)
Pre-payment Charges

Full Pre-payment

• Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment

• Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full pre-payment

• Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full pre-payment

Part Pre-payment
• 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

Foreclosure charges/pre-payment penalties are not applicable on any floating rate term loan sanctioned, for purposes other than business, to individual borrowers with or without co-applicant(s).

Annual Maintenance Charges

Term Loan: Not Applicable

Flexi Term Loan (Flexi Dropline): Not applicable

Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during initial tenure. Not applicable during subsequent loan tenure

Broken period interest/ Pre-EMI interest

"Broken Period Interest/Pre-EMI Interest" shall mean the amount of interest on loan for the number of day(s) which is(are):

Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the loan

Method of recovery of Broken Period Interest/Pre-EMI Interest:
For Term Loan: Deduct from disbursement
For Flexi Term Loan: Added to first instalment amount 
For Hybrid Flexi Loan: Added to first instalment amount 

Scenario 2: Less than period of 30 (thirty) days from the date of disbursement of the loan, Interest on first instalment will be charged for actual number of days

Secured business loan application process

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Step-by-step guide to applying for a secured business loan

  1. Click on the ‘APPLY' button on this page.
  2. Enter your first name, last name, PIN code, 10-digit mobile number, and OTP.
  3. Fill in the application form with your details, such as your date of birth and employment type.
  4. Select the type of loan you want (loan against property, or loan against property balance transfer), enter the amount, and the PIN code of your property to be pledged. 
  5. Once you fill in all the details, click on ‘SUBMIT’ to finish your application.

Our representative will guide you on the next steps.

Frequently asked questions

What is the processing fee for a secured business loan?

The processing fee for a Bajaj Finserv Secured Business Loan is 3.54% of the loan amount, inclusive of applicable taxes.

Is there a charge applicable on part-prepayments?

There is a fee of 4.72% (inclusive of applicable taxes) on part-payment amount paid.There is no part-prepayment charge if you opt for the Flexi Term Loan or Flexi Hybrid Loan.

What does bounce charge mean?

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.

What is the interest rate for a secured business loan?

You can get a Bajaj Finserv Secured Business Loan with a competitive interest rate ranging from 9% to 22% p.a.

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