‌
‌

Two-wheeler loan fees and charges

Bajaj Finserv offers an annualised interest rate of up to 35% per annum

Fees & Charges Name

Amount (₹) / Percentage (%)

Processing Fee

Up to 12.95% of the loan amount (inclusive of applicable taxes)

Documentation & Hypothecation Charges

Up to Rs. 2,500/- (inclusive of applicable taxes) Collected upfront

Stamp Duty (as per respective state)

Payable as per state laws and collected upfront

Pre-payment Charges

Full/ Part Prepayment -

  • NIL Charges on the date of full/ part pre-payment if such payment made after 1st monthly installment
  • Full/ Part prepayment allowed Post clearance of 1st monthly installment

Bounce Charge

In case of default of repayment instrument Rs. 531/- will be levied

Penal Interest

Delay in payment of Monthly instalment shall attract penal interest at the rate of 3.5% per month on the Monthly Instalment outstanding, from the respective due date until the date of receipt

Mandate Registration Charge

Rs. 118 (Inclusive of applicable taxes) if applicable

Mandate Rejection Charge

Rs. 450/- per month from the first month of due date for mandate rejected by customer’s bank until the new mandate is registered
Loan Enhancement Fee Rs. 117 (Inclusive of applicable taxes) for temporary increase in EMI card limit for the loan transaction. Same will be charged only for increase in limit in excess of Rs. 999/- to be collected along with 01st instalment.
Legal, Repossession and Incidental Charges Rs. 3,540/- (inclusive of Applicable taxes)
Stockyard charges Rs. 59/- per day up to 60 days
Broken period interest / Pre EMI-Interest

"Broken Period Interest/Pre-EMI Interest" shall mean the amount of interest on Loan for the number of day(s) which is:

Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the Loan
Method of recovery of Broken Period Interest/ Pre-EMI Interest: Amount to be added in first instalment amount.

Scenario 2: Less than period of 30 (thirty) days from the date of disbursement of the Loan, Interest on first instalment will be charged for actual number of days
NOC KIT
 NA