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An MSME loan by Bajaj Finserv is a perfect financial solution to meet the planned/unplanned expenses of your small business. This collateral-free loan comes with an attractive rate of interest and a nominal processing fee of up to 2% (plus taxes). There are no hidden charges as all the terms and conditions are transparently mentioned for your clear understanding.
Types of Fees | Applicable Charges |
---|---|
Rate of interest | 18% onwards |
Processing fees | Up to 3% of the loan amount |
DOCUMENT/STATEMENT CHARGES Statement of Account/ Repayment Schedule/Foreclosure Letter/No Objection Certificate/Interest Certificate/List of documents |
Download your e-statements/letters/certificates at no extra cost by logging into Customer Portal – Experia. You can get a physical copy of your statements/letters/certificates/List of Documents from any of our branches at a charge of Rs. 50/- (Inclusive of taxes) per statement/letter/certificate. |
Bounce charges | Up to Rs. 3000 (Inclusive of applicable taxes) |
Penal interest (Applicable in case of non-payment of monthly Instalment on/before the Due - Date) | 2% per month + applicable taxes |
Document processing charges | Rs. 1449 + applicable taxes |
Outstation collection charges | Rs. 65 + applicable taxes per repayment instrument |
Bajaj Finserv offers low interest rates along with nominal fees and charges on its MSME Loans. This ensures that your enterprise can pay its EMIs affordably.
EMI stands for Equated Monthly Instalment. It is a fixed monthly payment made by the borrower towards repayment of the loan. This small monthly instalment comprises both the principal amount and the accrued interest.
Bajaj Finserv offers a flexible repayment tenor of up to 84 months on MSME loans to ease the process of repayment. This long tenor lets you spread out your EMIs and make the credit facility affordable. You can also use our online EMI calculator to know the exact amount of your monthly outgo and total payable interest in just a few minutes.
Manual calculation of monthly instalment can be time-consuming and might give you an erroneous result. In such a situation, the MSME Loan EMI Calculator can help you as it is simple to use and gives accurate results in a few minutes.
You can calculate your EMI by giving the following information: