Secured Business Loan fees and charges

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

APPLY

Applicable fees and charges

Types of fee Applicable charges
Rate of interest 10% - 23% per annum
Processing fee Up to 3.54% of the loan amount (inclusive of applicable taxes)
Documentation charges Up to Rs. 2,360 (inclusive of applicable taxes)
Flexi Facility Charge

Term Loan – Not applicable

Flexi Loan – Up to Rs 999/- to Rs 29,999/- (Inclusive of applicable taxes)

will be deducted upfront from loan amount.
Prepayment 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 (Dropline) Loan: Up To 4.72% (Inclusive Of Applicable Taxes) on the outstanding loan amount, As On The Date Of Full Pre-Payment.

•Flexi Hybrid Term Loan: Up To 4.72% (Inclusive Of Applicable Taxes) on the outstanding loan amount, As On The Date Of Full Pre-Payment.

Part Pre-Payment
•Term Loan: Up To 4.72% (Inclusive Of Applicable Taxes) Of Principal Loan Amount Prepaid On The Date Of Such Part Pre-Payment

•Not Applicable For Flexi Term (Dropline) Loan And Flexi Hybrid Term Loan

Note: - If All Borrowers And Co-Borrowers Are Individual, Or Micro And Small Enterprises (Mses) And Loan Availed On Floating Interest Rates, Then There Will Be No Foreclosure / Part Payment Charges.
Annual maintenance charges

Term Loan: Not applicable

Flexi Term Loan (Flexi Dropline): Not applicable
Flexi Hybrid Term Loan: Up to 0.295% (inclusive of applicable taxes) of the Dropline Limit during Initial Loan tenure. Not applicable for subsequent loan tenure.
Bounce charges

Rs. 1,500 per bounce.

“Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason.
Penal charge

Penal charge is applicable in the following scenarios:

Delay in payment of instalment(s) shall attract Penal Charge at the rate of 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.
Stamp duty (as per respective state) - Payable as per state laws
Mortgage origination fees

Up to Rs. 6,000 per property (inclusive of applicable taxes), charged upfront.

Note - In case of re-valuation of the property then MOF will be levied again and shall be deducted from loan disbursement amount.
Repossession and incidental charges Recovery of charges

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 up to 3.54% of the loan amount, inclusive of applicable taxes.

Is there a charge applicable on part-prepayments?
  • 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 Flexi Hybrid Term Loan.
What does bounce charge mean?

Bounce charge is the fee you have to pay if you miss an EMI payment.

Rs. 1,500/- per bounce.
“Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason.

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 10% to 23% p.a.

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