₹ 2 lakh – ₹ 80 lakh
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Secured Business Loan Fees and Interest Rates
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Types of fee Applicable charges Rate of interest 10% -18% 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 prepayment.
Flexi Hybrid Term Loan/Pure Flexi Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.
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: Flexi Term (Dropline) Loan, Flexi Hybrid Term Loan, and Pure Flexi LoanNote: If the primary Borrower is individual or Micro & Small Enterprises (MSEs) with or without co-borrower and loan is availed on Floating Rate of Interest, then there will be no Foreclosure / Part Prepayment Charges applicable, irrespective of the source of funds used for pre-payment of loans, either in part or in full, and without any minimum lock-in period.
Annual maintenance charges Term Loan: Not Applicable
Flexi Term (Dropline) Loan: 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.
Pure Flexi: 0.295 (Inclusive of all taxes) will be applicable across all tenures.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 Payable as per state laws
Mortgage origination fees Up to Rs. 6,000 per property (Inclusive of applicable taxes).
*In case of re-valuation of the property then MOF will be levied again and shall be deducted from loan disbursement amountThe Bajaj Finance Business Loan Against Property comes with attractive interest rates of 10% – 18% per annum, for a sanction going up to Rs. 1.05 crore. 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 36% per annum in case of any such delay.
You can part-pay your loan at an affordable charge of 4.72% 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 Finance branch office for a nominal fee of Rs. 50 per document.
Are loan origination fees tax deductible for a business?
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Yes, loan origination fees can be tax deductible for a business, subject to the purpose of borrowing and applicable provisions of the Income Tax Act. Fees paid for obtaining business finance may be treated as a business expenditure if they are incurred wholly and exclusively for business purposes. Depending on the nature of the expense and accounting treatment, businesses can claim eligible deductions under the relevant provisions of tax law. However, the tax treatment may vary based on individual circumstances, so consulting a Chartered Accountant is advisable. For example, Bajaj Finance business loans may include a processing fee of up to 4.72%, which should be evaluated as per applicable tax rules.
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Frequently Asked Questions
Overview
Which real estate business is most profitable?
The most profitable real estate business typically includes commercial real estate, luxury property sales, and property management services. Commercial real estate, in particular, generates high returns due to long-term leases and demand from businesses. Luxury property sales also offer substantial commissions. Property management is profitable as it provides steady income from managing rentals and maintenance, especially in high-demand locations.
Is real estate a good business?
Yes, real estate is a lucrative and stable business, offering opportunities for high earnings, asset growth, and market resilience. With ongoing demand for residential and commercial spaces, real estate provides diverse revenue streams and investment potential. Although challenging, it rewards effort and market understanding. Real estate also allows flexibility and the chance to build a valuable professional network.
What is the biggest problem in real estate business?
The biggest problem in the real estate business is market volatility, where changing economic conditions can affect property demand and prices. This uncertainty can lead to financial instability, particularly for agents and investors. Additionally, real estate involves regulatory challenges, financing issues, and intense competition, making it crucial for businesses to stay informed, adaptable, and financially prepared.
What are the 4 types of real estate?
The four main types of real estate include residential, commercial, industrial, and land. Each type serves different purposes and caters to specific investment and usage needs.
How profitable is a real estate business?
Real estate in India is considered highly profitable, often offering attractive returns on investment. The sector contributes significantly to the GDP and has consistent demand, making it a strong option for long-term financial growth.
How much money is required to start real estate?
Starting a real estate business in India can be relatively affordable. With as little as Rs. 15,000, one can begin by offering brokerage or consulting services before expanding to larger ventures like development or property management.
What are the best types of business loans for real estate investments?
The best type of business loan for real estate investments depends on the purpose of the funding and the lender's end-use policy. Businesses commonly consider term loans for property-related expansion, working capital loans for operational needs, or commercial property loans where applicable. Before applying, ensure the proposed use of funds complies with the lender's terms and conditions and the applicable eligibility criteria.
Can you get a small business loan for real estate in India?
Yes, eligible businesses can get a small business loan for real estate-related business purposes in India, subject to the lender's end-use policy and eligibility criteria. Bajaj Finance offers Business Loans of up to Rs. 80 lakh for eligible applicants. Enter your mobile number to check your pre-approved offer and complete the OTP-based application process to determine your eligibility.
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Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.