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 -
|
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 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 |