Two-wheeler loan fees and charges
Bajaj Finserv offers an annualised interest rate of up to 9.25% to 14%
Fees & Charges Name |
Amount (₹) / Percentage (%) |
Processing Fee |
Up 2.36% of the loan amount (inclusive of applicable taxes) |
Documentation & Hypothecation Charges |
Rs. 750/- (inclusive of applicable taxes) Collected upfront |
Stamp Duty (as per respective state) |
Payable as per state laws and collected upfront |
Pre-payment Charges |
Full Prepayment:
Part Prepayment:
|
Bounce Charge |
In case of default of repayment instrument Rs. 531/- (Inclusive of applicable taxes) will be levied |
Penal Interest |
Delay in payment of monthly instalment shall attract penal interest at the rate of 3% per month on the outstanding monthly instalment 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/- (Inclusive of applicable taxes) per month from the first month of due date for mandate rejected by customer’s bank until the new mandate is registered |