Business loan against property interest rates and charges
| Types of fee | Applicable charges |
| Rate of interest | 10% - 26% 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 Hybrid Term loan (as applicable below) –
Note –
|
| Prepayment charges | Full prepayment
Part prepayment
Note: - If all borrowers and co-borrowers are Individual, loan availed on floating interest rates, and loan taken for purpose other than business use, 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. Covenant Perfection Charge: i) Rs. 800/- per day for non-submission of critical documents after 90 days of disbursement. Levy from the date when due on non-compliance of any one or all heads in the category. ii) Rs. 500/- per day for non-submission of non-critical documents after 120 days of disbursement. Levy from the date when due. |
| Stamp duty | Payable as per state laws |
| Mortgage origination fees | Up to Rs. 6,000 per property (inclusive of applicable taxes) |
| Legal charges | Recovery of charges |
| Repossession and incidental charges | Recovery of charges |
| Principal Holiday Facility Fees | Principal Holiday (as applicable below) - Up to Rs. 5,499 (Inclusive of applicable taxes) for loan amount less than Rs. 10,00,000. Up to Rs. 6,999 (Inclusive of applicable taxes) for loan amount between Rs. 10,00,000 and 14,99,999. Up to Rs. 9,999 (Inclusive of applicable taxes) for loan amount between Rs. 15,00,000 and Rs. 24,99,999. Up to Rs. 11,999 (Inclusive of applicable taxes) for loan amount between Rs. 25,00,000 and Rs. 49,99,999. Up to Rs. 13,999 (Inclusive of applicable taxes) for loan amount between Rs. 50,00,000 and Rs. 74,99,999. Up to Rs. 14,999 (Inclusive of applicable taxes) for loan amount Rs. 75,00,000 and above. Note- (1) The above principal holiday facility fees will be deducted upfront from loan amount. (2) The loan amount includes approved loan amount, Insurance Premium, VAS Charges and Documentation charges. |
The Bajaj Finserv Business Loan Against Property comes with attractive interest rates of 10% – 26% 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 Finserv branch office for a nominal fee of Rs. 50 per document.
Frequently asked questions
The processing fee for a Bajaj Finserv Business Loan Against Property can go up to 3.54% of the loan amount sanctioned, (inclusive of applicable taxes).
You will need to pay a nominal charge of up to 4.72% (inclusive of applicable taxes.) on the amount you wish to part-pay.
You can avail of a secured business loan at an attractive interest rate of 10% to 26% p.a.
The business loan against property repayment tenor ranges up to 15 years.
