Bajaj Finance Limited

Bajaj Finance Limited

Loan Product Details

Products

Loan against mutual funds (LAMF), Loan against shares (LAS)

Borrower age eligibility

18 to 70 (digital)

Minimum loan amount

₹25,000

Maximum loan amount

₹5 cr (digitally), above ₹5 cr (physical)

Tenure

3 years

Upfront charges (paid by everyone, at the time of applying)

Interest Rate (ROI)

Amount

Starting at 10% per annum

Processing Fee

Amount

Starting at ₹999 + 18% GST

Contingent charges (apply only if the situation occurs)

During the loan

Annual maintenance / renewal charge (after 3 years)

Amount

Applies to

Up to 1.18% on sanction amount (incl. taxes)

All

Penal charge

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

Line enhancement

Amount

Applies to

₹390 per request, per RTA (incl. taxes)

All

Repaying early

Full prepayment

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

Part prepayment

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

Bounce Charge

Amount

Applies to

₹1,200 per bounce

All

Legal charges

Amount

Applies to

At actuals (recovery of charges)

All

Managing your pledge

Pledge invocation

Amount

Applies to

0.02% on invocation value (incl. taxes) (min. ₹65 and max ₹1186) + Stamp Duty

Demat MFs & shares

Demat share transfer (post-invocation)

Amount

Applies to

0.02% on invocation value (incl. taxes) (min. ₹65 and max ₹1186)

Demat MFs & shares

Pledge confirmation

Amount

Applies to

Up to ₹59 per ISIN (incl. taxes)

Demat MFs & shares

Lien charge

Amount

Applies to

Up to ₹590 (incl. applicable charges)

Non-demat MFs

Un-lien charge

Amount

Applies to

Up to ₹590 (incl. applicable charges)

Non-demat MFs

Unpledge (before disbursal)

Amount

Applies to

₹400

Non-demat MFs

Unpledge (during an active loan)

Amount

Applies to

₹118 per request (incl. taxes)

Non-demat MFs

Bank mandate swap

Amount

Applies to

Nil

All

Brokerage charge

Amount

Applies to

At actuals (passed on from broker)

Shares (LAS)

Closing the loan

Foreclosure charge

Amount

Applies to

Nil

All