How to apply mudra loan

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What are the interest rate on SME Loan?

Bajaj Finserv offers attractive interest rates other than easy to meet eligibility criteria on SME Loans. These loans are customised to meet varied financial needs of small and medium businesses across India.

Available as a high-value loan of up to Rs.30 lakh, the amount helps meet the diverse financing needs of a business. Meet big-ticket funding requirements like the purchase of new premises, office renovation, asset purchase, working capital introduction, technology up-gradation, and more with the loan and repay comfortably over the tenor.

Before applying, estimate monthly instalments with the help of an EMI calculator and decide on the loan amount accordingly. Applicants can also compare applicable SME loan interest rates for different lenders to arrive at a suitable one.

With one of the lowest interest rates on SME loans, Bajaj Finserv also offers other attractive facilities to help a borrower save on interest payment. For example, prepayment facilities like foreclosure and part-prepayment are available against nominal charges.

The part-prepayment facility allows borrowers to repay in a lump sum against payment of fees @ 2% on the loan amount plus applicable taxes. Early repayment helps save interest on the repaid amount for the remaining tenor. Prepayment charges are nil for individuals availing the loan at a floating rate of interest.

As for the foreclosure facility, borrowers can avail it against payment of 4% on the remaining loan amount plus applicable taxes. The rate is also applicable for Flexi Term Loan and Flexi Hybrid Loan, thus making repayment further affordable.

Check out the latest SME loan interest rates and other nominal charges applicable. Repay affordably over the tenor.

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

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