Business loan against property interest rates and charges

Types of fees

Applicable charges

Interest rate

13% – 16% per annum

Processing fee

Up to 2% of the loan amount (plus applicable taxes)

Penal interest

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

Document processing charges

Rs. 2,360 (inclusive of applicable taxes)

Stamp duty

At actuals (as per state)

MOF (legal and technical charge)

Rs. 6,000


Annual/ additional maintenance charges

Loan variant

Applicable charges

Flexi Term loan

0.295% plus applicable taxes of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges.

Flexi Hybrid loan

0.59% plus applicable taxes of the total withdrawable amount during the initial tenor. 0.25% plus applicable taxes of the total withdrawable amount during subsequent tenor.

 

Foreclosure charges

Loan variant

Applicable charges

Loan (term loan/ advance EMI/ step-up structured monthly instalment/ step-down structured monthly instalment)

4.72% of the outstanding loan amount payable by the borrower on the date of such full prepayment (plus applicable taxes).

Flexi Term loan

4.72% of the total withdrawable amount as per the repayment schedule on the date of such full prepayment (plus applicable taxes).

Flexi Hybrid loan

4% of the total withdrawable amount as per the repayment schedule on the date of such full prepayment (plus applicable taxes).

 

Part-prepayment charges

Borrower type

Time period

Part-prepayment charges

Not applicable if the borrower is an individual and the loan is availed on floating interest rates and not applicable for Flexi term Loan/ Hybrid Flexi variant

More than 1 month from date of loan disbursal.

2% + applicable taxes on part-payment amount paid.

 
Mandate rejection service charge: Rs. 450 (inclusive of applicable taxes)

Charges will be levied if the new mandate form is not registered within 30 days from the date of rejection of the previous mandate form by the customer’s bank for any reasons whatsoever.


The Bajaj Finserv Business Loan Against Property comes with attractive interest rates of 13% – 16% per annum, for a sanction going up to Rs. 80 lakh. This, along with a transparent list of charges, helps you plan your repayment efficiently even before you avail of the loan.

Planning your repayment in advance helps you avoid missed payments, which can incur charges. A penal interest is levied at 2% per month in case of any such delay.

You can part-pay your loan at an affordable charge of 2% of the prepaid amount, plus taxes. This charge is not applicable if you are an individual borrower with a variant of Flexi loan . If you wish to foreclose your loan at any point, you can do so at a charge of 4.72% of the outstanding amount, plus taxes.

You can easily access your loan-related documents via the customer portal – My Account, where you can download your monthly account statement, important certificates and more. If you need physical copies of these documents, you can obtain them from the nearest Bajaj Finserv branch office for a nominal fee of Rs. 50 per document.

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Frequently asked questions

What is the processing fee for a business loan?

The processing fee for a Bajaj Finserv Business Loan Against Property can go up to 2% of the approved loan sanction.

Is there a charge applicable on part-prepayments?

You will need to pay a nominal charge of 2% plus taxes on the amount you wish to part-pay.

What is the interest rate for a business loan against property?

You can avail of a secured business loan at an attractive interest rate of 13% to 16% p.a.

What is the maximum and minimum repayment tenor?

The business loan against property repayment tenor ranges up to 12 years.

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