Lender Details
Products
Overdraft (OD) facility on mutual funds (LAMF)
Overdraft (OD) facility on shares (LAS)
Borrower Age Eligibility
21 to 70 (digital) / above 70 (physical)
Bajaj Finance Ltd.
Lender Fees & Charges
Minimum Loan Amount
25,000
Maximum Loan Amount
5 cr (digitally), Above 5cr (physical)
Tenure
3 years
Rate of interest
Starting at 10.3%
Processing Fee
Starting at ₹999 + 18% GST (valid for up to 3 years)
Foreclosure Charges
Zero
Demat Pledge Charges
₹50 + GST per ISIN
Unpledging Charges (in case user does not take loan)
₹400
Invocation Charges (for demat mutual funds & shares)
0.02% on invocation value + ₹5 + GST (min. ₹55 and max ₹1005) per ISIN
Stamp Duty (for demat mutual funds & shares)
0.015% on invocation value
Bounce Charges
₹1200 per bounce
Penal Charges
18% per annum
Prepayment Charges
Full Prepayment
Sanction amount up to ₹5 crore
Nil
Sanction amount greater than ₹5 crore
Up to 4.72% (inclusive of applicable taxes)
Part Prepayment
Sanction amount up to ₹5 crore
Nil
Sanction amount greater than ₹5 crore
Up to 4.72% (inclusive of applicable taxes)
Note: If all borrowers and co-borrowers are individual or micro and small enterprises (MSMEs) and loan is availed on floating interest rates, and loan is taken for purposes other than business use, then there will no foreclosure or part payment charges.
Prepayment Charges
Full Prepayment
Sanction amount up to ₹5 crore
Sanction amount greater than ₹5 crore
Part Prepayment
Sanction amount up to ₹5 crore
Sanction amount greater than ₹5 crore
Prepayment Charges
Full Prepayment
Nil
Up to 4.72% (inclusive of applicable taxes)
Part Prepayment
Nil
Up to 4.72% (inclusive of applicable taxes)
Note: If all borrowers and co-borrowers are individual or micro and small enterprises (MSMEs) and loan is availed on floating interest rates, and loan is taken for purposes other than business use, then there will no foreclosure or part payment charges.