Bajaj Finserv Business Loan Interest & Charges
Bajaj Finserv Business Loan will help you meet all your business requirements, be it expanding your operations, purchasing new machinery or clearing all your debts. These loans come at attractive interest rates making your process of availing the loan hassle-free. There are certain processing charges that you need to pay when availing of the loan. But be rest assured that there is complete transparency ensured and there are no hidden charges.
At Finserv MARKETS, you can get Bajaj Finserv Business Loans at affordable interest rates & processing charges. Take a look at the business loan interest rates & charges with the help of the table given below.
Bajaj Finserv Business Loan Interest Rates & Charges
- Hybrid Flexi
- Term
-
Interest Rate
18% p.aonwards -
Processing Fees Upto
3%of the Loan Amount -
Foreclosure Charges
4%of the Outstanding Loan Amount + Applicable taxes outstanding as on the date of such full pre-payment -
Annual Maintenance Charges*
0.5% -
Convenience Fees
Rs. 4,499 -
Bounce Charges
Rs. 3,000Inclusive of applicable taxes -
Penal Interest
2%Per month on Overdue EMI + Applicable taxes -
Outstation Collection Charges
Rs. 65+ Applicable taxes -
ECS Return Fees
Rs. 450Inclusive of taxes
-
Interest Rate
12.99% p.a.onwards -
Processing Fees Upto
3.99%of the Loan Amount -
Foreclosure Charges
4%Of Outstanding Loan Amount + Applicable taxes -
Convenience Fees
Rs. 4,499 -
Bounce Charges
Rs. 3,000Inclusive of applicable taxes -
Penal Interest
2%Per month on Overdue EMI + Applicable taxes -
Outstation Collection Charges
Rs. 65+ Applicable taxes -
Part-Prepayment Charges
2%On Part Payment amount + Applicable taxes -
ECS Return Fees
Rs. 450Inclusive of taxes -
Secure Fee
NIL -
Upfront Interest
NIL -
Stamp Duty Charges
Percentage/Amount mentioned state-wise
Factors That Determine Your Business Loan Interest Rate
Credit Score
A great score will always give you a competitive interest rate. High credit score will always be appreciated and will make your loan process smoother.
Business Experience
It basically means how much experience do you have in your business. The higher the experience, the easier it will be to avail a business loan with an affordable interest rate.
Monthly Revenue of your Business
Regular & stable income has a strong bearing on the repayment capability of your business. We make it a point to analyse the daily average balance before deciding your business loan interest rate.
Collateral
This means the security that you are willing to pledge for availing the business loan. The higher the value of the secured asset, the higher the chances of you getting the business loan at an affordable interest rate. Collateral such as home equity, deposits, equipment and investment real estate can be pledged as a security.
Why Choose Finserv MARKETS?
A Loan from us will always give you benefits such as
End To End Online Process
Minimal Documentation
No Hidden Charges
To know more benefits on availing a business loan from Finserv MARKETS, please visit our Business Loan Features & Benefits section.
- Guide to SME Financing
- Benefits of Taking A Business Loan
- Business Loan Schemes For Women In India
- Types of Business Loans You Can Go For in 2019
- How does Doctor Loans Eligibility work?
- Important Business Loan Terms
- Your Guide to Small Business Loan
- How can aadhar card help in taking a business loan
- Checklist - for a Business Loan
- Your Guide to Business Loans
- Why is Your Personal Credit Score Part of a Business Loan Decision?
- Ways To Reduce Interest Rate On Small Business Loan
- Eligibility Criteria for Mudra Loan
- Applying for a Mudra Loan
- Pre approved Business Loan
- Business loan For Lenders
- Factors to Analyse While Comparing Business Loan Lenders
- PMMY Funding For Women Entrepreneurs
Frequently Asked Questions on Bajaj Finserv Business Loan Interest Rates and Charges
-
✔️ How is EMI calculated on a Bajaj Finserv business loan?
EMI can be calculated as E = P * r * (1+r)^n / ((1+r)^n-1).
Where, P is principal loan amount, r is the interest rate, n is repayment tenure in months
-
✔️What is the minimum and maximum business loan repayment tenure at Bajaj Finserv?
The minimum and maximum business loan repayment tenure at Bajaj Finserv is 1 year and 5 years respectively.
-
✔️How to choose the ideal repayment tenor for business loans?
Basis the loan amount you wish to avail, interest rate charged, and your monthly budgeting, you can choose the ideal repayment tenor for business loans.
-
✔️What is the processing fee charged by Bajaj Finserv on business loan?
The processing fee charged by Bajaj Finserv on business loan is up to 3% of the principal amount.
-
✔️Is age an eligibility factor to get loan for business from Bajaj Finserv?
Yes, you must be between 25-65 years of age to apply for Business Finserv Business Loan.
Happy Customers of Finserv MARKETS
I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!
My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!
Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!
The best way to start looking for health insurance is to do a close study of the coverage needs and checking the insurance company's claim ratio. No unnecessary jargons, easy to apply claims process and choice of premia!
I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!
Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!