Fees and Charges of Bajaj Finance Loans

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On Bajaj Markets, you can apply for various loans offered by Bajaj Finance Limited like personal loans, business loans, and professional loans. While you apply for the loan, it is also essential to check the interest rates and other fees charged on the loan. Here are the interest rates and fees charged on Bajaj Finance Loans:

1. Salaried Personal Loan

Parameters	Particulars
Rate of Interest	10% - 21% p.a.
Processing Fees	Up to 4.72%(Inclusive of applicable taxes)
Convenience Fees	Up to ₹4499
Bounce Charges	Up to ₹1,200/- per bounce “Bounce charges” shall mean charges for (i) Dishonour of any payment instrument; or (ii) Non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason.
Pre- Payment Charges	Full Pre-payment: Foreclosure can be processed post clearance of first EMIs. Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment Flexi Term Loan (Flexi Dropline): Up to 4.72% (Inclusive of applicable taxes) of the Dropline limit as per the repayment schedule as on the date of full prepayment. Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) of the Dropline limit as per the repayment schedule as on the date of full prepayment. Part Pre-payment Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment. Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid Term Loan.
Loan Foreclosure Charges	Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment Flexi Term Loan (Flexi Dropline): Up to 4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment. Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.
Penal Charges	Delay in payment of instalment(s) shall attract Penal Charge at the rate of 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.
Stamp Duty	As per the laws of the state
Mandate Rejection Charges	₹450 per instance
Annual Maintenance Charges	Term Loan: Not Applicable Flexi Term Loan (Flexi Dropline): Up to 0.295 % (Inclusive of applicable taxes) of the Total Withdrawable Amount (as per the repayment schedule) on the date of levy of such charges Flexi Hybrid Term Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure.

2. Business Loan

Fees & Charges	Particulars
Rate of Interest	Starting from 14% p.a.
Processing Fees	Up to 4.72% (Inclusive of applicable taxes)
Convenience Fees	Up to ₹4499
Prepayment Charges	Full Pre-payment Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment Flexi Term Loan (Flexi Dropline): Up to 4.72% (Inclusive of applicable taxes) of the Dropline Limit as per the repayment schedule as on the date of full prepayment. Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) of the Dropline Limit as per the repayment schedule as on the date of full prepayment. Part Pre-payment Term Loan: Up to 4.72% (Inclusive of applicable taxes) of principal loan amount prepaid on the date of such part pre-payment Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid Term Loan
Loan Foreclosure Charges	Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment Flexi Term Loan (Flexi Dropline): Up to 4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment. Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.
Penal Charges	3.50% per month
Stamp Duty	As per the laws of the state
Mandate Rejection Charges	₹450 per instance
Annual Maintenance Charges	Term Loan: Not Applicable Flexi Term Loan (Flexi Dropline): Up to 0.413 % (Inclusive of applicable taxes) of the Total Withdrawable Amount (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Loan: Up to 1.18% (inclusive of applicable taxes) of the total withdrawable amount during initial loan tenure. Up to 0.413% (inclusive of applicable taxes) of total withdrawable amount during subsequent loan tenure.

3. Professional Loan

Fees & Charges	Particulars
Interest Rate	11%  - 19%
Processing Fee	Up to 2.95% (Inclusive of Taxes)
Pre-payment charges	Full Pre-payment Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment Flexi Term Loan (Flexi Dropline): Up to 4.72% (Inclusive of applicable taxes) of the dropline limit as per the repayment schedule as on the date of full prepayment. Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) of the dropline limit as per the repayment schedule as on the date of full prepayment. Part Pre-payment Term Loan: Up to 4.72% (Inclusive of applicable taxes) of principal loan amount prepaid on the date of such part pre-payment Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid Term Loan
Penal Charge	Delay in payment of instalment(s) shall attract Penal Charge at the rate of 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.
Legal & Incidental Charges	Recovery of charges
Type of Loan	Unsecured Professional loans is offered in below mentioned 3 variants: a) Term Loan: The loan type offers two repayment options: fixed monthly payments for the full term or up to 24 months of interest-only payments, followed by interest and principal payments. b) Flexi Term Loan (Flexi Dropline): Variant having monthly repayments of interest and principal depending on the usage of the loan. The customer can withdraw and deposit the funds as per his utilization in loan account. The facility to withdraw funds reduces as per the amortization chart for fixed loan tenure. c) Flexi Hybrid Term Loan: Flexi Hybrid Loan refers to the variant of Loan under which, the monthly instalments will be payable as follows: Initial Loan tenure (Interest servicing period): Monthly Instalments of the initial term of the Flexi Hybrid Term Loan, commencing from the date of disbursement of the Loan, shall comprise only of the interest component. Subsequent Loan Tenure (Full Installment servicing period): Monthly Instalment shall comprise of principal amount and the interest component payable on the Loan (Subsequent loan tenure shall commence from the expiry of the Initial loan tenure).
Cheque Bounce Charges	₹1500/- per bounce. “Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason
AMC (Annual Maintenance Charges)	Term Loan: Not Applicable
	Flexi Term Loan (Flexi Dropline): Up to 0.295 % (Inclusive of applicable taxes) of the Total Withdrawable Amount (as per the repayment schedule) on the date of levy of such charges.
	Flexi Hybrid Loan: Up to 0.59% (inclusive of applicable taxes) of the total withdrawable amount during initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable Amount during subsequent tenure.
Flexi Facility Charge	Term Loan: Not applicable
	Flexi Term Loan (Flexi Dropline)- Up to ₹999/-
	Flexi Hybrid Loan (as applicable below): Up to ₹1,999/- (inclusive of applicable taxes) for loan amount less than ₹2,00,000/- Up to ₹3,999/- (inclusive of applicable taxes) for loan amount from ₹2,00,000/- to ₹3,99,999/- Up to ₹5,999/- (inclusive of applicable taxes) for the loan amount from ₹4,00,000/- to ₹5,99,999/- Up to ₹6,999/- (inclusive of applicable taxes) for the loan amount from ₹6,00,000/- to ₹9,99,999/ - Up to ₹7,999/- (inclusive of applicable taxes) for the loan amount of ₹10,00,000/- and above *The Flexi charges above will be deducted upfront from the loan amount.