Frequently asked questions
The processing fee for a Bajaj Finserv Secured Business Loan is 3.54% of the loan amount, inclusive of applicable taxes.
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.
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 22% p.a.