Fees & Charges
Bajaj FinanceUpfront charges (paid by everyone, at the time of applying)
Contingent charges (apply only if the situation occurs)
During the loan
Repaying early
Note: If the primary Borrower is individual or Micro & Small Enterprises (MSEs) with or without co-borrower and loan is availed on Floating Rate of Interest, then there will be no Foreclosure / Part Prepayment Charges applicable, irrespective of the source of funds used for pre-payment of loans, either in part or in full, and without any minimum lock-in period.
If you miss a payment
Managing your pledge
Closing the loan
Bajaj Finance
Upfront charges (paid by everyone, at the time of applying)
Amount
Starting at 10% per annum
Amount
Starting at ₹999 + 18% GST
Contingent charges (apply only if the situation occurs)
During the loan
Amount
Applies to
Up to 1.18% on sanction amount (incl. taxes)
All
Amount
Applies to
18% per annum per installment from the respective due date until the date of receipt of the full installment(s) amount.
All
Amount
Applies to
₹390 per request, per RTA (incl. taxes)
All
Repaying early
Amount
Applies to
Up to ₹5 cr: Nil, Above ₹5 cr: Up to 4.72% (incl. taxes) of the principal amount of loan repaid on the date of such full prepayment.
All
Amount
Applies to
Up to ₹5 cr: Nil, Above ₹5 cr: Up to 4.72% (incl. taxes) of the principal amount of loan repaid on the date of such part prepayment.
All
Note: If the primary Borrower is individual or Micro & Small Enterprises (MSEs) with or without co-borrower and loan is availed on Floating Rate of Interest, then there will be no Foreclosure / Part Prepayment Charges applicable, irrespective of the source of funds used for pre-payment of loans, either in part or in full, and without any minimum lock-in period.
If you miss a payment
Amount
Applies to
₹1,200 per bounce
All
Amount
Applies to
At actuals (recovery of charges)
All
Managing your pledge
Amount
Applies to
0.02% on invocation value (incl. taxes) (min. ₹65 and max ₹1186) + Stamp Duty
Demat MFs & shares
Amount
Applies to
0.02% on invocation value (incl. taxes) (min. ₹65 and max ₹1186)
Demat MFs & shares
Amount
Applies to
Up to ₹59 per ISIN (incl. taxes)
Demat MFs & shares
Amount
Applies to
Up to ₹590 (incl. applicable charges)
Non-demat MFs
Amount
Applies to
Up to ₹590 (incl. applicable charges)
Non-demat MFs
Amount
Applies to
₹400
Non-demat MFs
Amount
Applies to
₹118 per request (incl. taxes)
Non-demat MFs
Amount
Applies to
Nil
All
Amount
Applies to
At actuals (passed on from broker)
Shares (LAS)
Closing the loan
Amount
Applies to
Nil
All
Fees & Charges
|  | |
|---|---|---|
Rate of Interest | Starting at 10.3% | Starting at 10.45% |
Processing Fee | Starting at ₹999 + 18% GST (valid for up to 3 years) | Starting at ₹1099 + GST |
Annual Maintenance Charges | – | ₹650 + GST |
Prepayment Charges | Nil | Nil |
Foreclosure Charges | Nil | Nil |
Pledge Charges | ₹50 + GST per ISIN | ₹499 + GST |
Line Enhancement / Margin Pledge | ₹390 (inclusive of taxes) per request | – |
Unpledge Charges In case user does not take a loan In case user has an active loan and wants to unpledge later |
₹400 ₹118 (inclusive of taxes) per request | – |
Invocation Charges (for demat mutual funds & shares) | 0.02% on invocation value + ₹5 + GST (min. ₹55 and max ₹1005) per ISIN | 0.25% of the proceeds received + 18% GST |
Stamp Duty (for demat mutual funds & shares) | 0.015% on invocation value | Nil |
Bounce Charges | ₹1200 per bounce | ₹500 + 18% GST per bounce |
Penal Charges | 18% per annum | |
Legal Charges | – | As applicable |
Bank Mandate Swap Charges | – | ₹499 + GST |
Renewal Charges | – | ₹1,499 + 18% GST |
Prepayment Charges | ||
Full Prepayment | ||
Sanction amount up to ₹5 crore | Nil | Nil |
Sanction amount greater than ₹5 crore | Up to 4.72% (inclusive of applicable taxes) | Nil |
Part Prepayment | ||
Sanction amount up to ₹5 crore | Nil | Nil |
Sanction amount greater than ₹5 crore | Up to 4.72% (inclusive of applicable taxes) | Nil |