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	11% - 32% p.a.
Processing Fees	Up to 4.72%(Inclusive of applicable taxes)
Convenience Fees	Up to ₹4499
Bounce Charges	₹700- 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
Part Payment Charges	Upto 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 Hybrid Flexi
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 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	₹6 - ₹12 per day
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 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 9.75% p.a.
Processing Fees	Up to 4.72% (Inclusive of applicable taxes)
Convenience Fees	Up to ₹4499
Bounce Charges	Up to₹1,500/- 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
Part Prepayment Charges	Upto 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 Hybrid Flexi
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 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	12%- 20% p.a.
Processing Fees	Up to 4.72% (Inclusive of applicable taxes)
Convenience Fees	Up to ₹4499
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
Part Prepayment Charges	Upto 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 Hybrid Flexi
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 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	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 0.295 % (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.