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
Rate of Interest	11%- 19% p.a.
Processing Fees	Up to 4.72% (Inclusive of applicable taxes)
Convenience Fees	Up to ₹4499
Part Prepayment Charges	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-paymentu 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 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 Interest	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 0.59% (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.