Fees and charges of personal loan
Bajaj Finserv offers attractive interest rates on personal loans up to Rs. 55 lakh to help you meet a range of financial requirements. Get collateral-free loans with minimum documentation, flexible tenor and disbursal within 24 hours* of approval.
With Bajaj Finserv Personal Loan, you do not have to worry about any hidden fees or charges.
Here are more details on the personal loan interest rates and charges:
Type of fee |
Applicable charges |
Rate of interest |
10% to 31% p.a. |
Processing fees |
Up to 3.93% of the loan amount (inclusive of applicable taxes). |
Flexi Facility Charge | Term Loan – Not applicable Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below)
*All the Flexi charges above are inclusive of applicable taxes *Loan amount includes approved loan amount, insurance premium, and VAS charges. |
Bounce charges |
Rs. 700 - Rs. 1,200 per bounce. |
Pre-payment charges | Full Prepayment
|
Penal charge |
Delay in payment of instalment(s) shall attract penal charge of Rs. 8 - Rs. 12 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) |
Payable as per state laws and deducted upfront from loan amount. |
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. |
Broken period interest / Pre-monthly Instalment interest | Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows: EMI Date : 2nd Scenario 1: If Loan is disbursed on 1st or post 10th of the month: EMI Date : 7th Scenario 1: If Loan is disbursed on 1st to 6th or post 10th of the month: For Term Loan: BPI amount will be capitalised, i.e added to Principal amount on Due date / Deducted from disbursement Scenario 2: If Loan is disbursed between 7th and 10th of the month: |
Note - Additional cess if any will be applicable on all charges according to the state law.
*Terms and conditions apply
Fees and charges of business loan
Bajaj Finserv offers. the lowest rate of interest on business loan. Read more about our latest interest rate and fees and charges below.
Type of fee | Applicable charges |
Rate of interest | 14% to 26% per annum |
Processing fee | Up to 3.54% of the loan amount (inclusive of applicable taxes) |
Flexi Facility Charge | Term Loan - Not applicable Flexi Term Loan (Flexi Dropline) - Up to Rs. 999/- (inclusive of applicable taxes) Flexi Hybrid Loan (as applicable below) • Up to Rs. 8,999/- (inclusive of applicable taxes) for loan amount from Rs. 1000000/- to Rs. 1499999/-. • Up to Rs. 13,999/- (inclusive of applicable taxes) for loan amount from Rs. 15,00,000/- to Rs. 24,99,999/- • Up to Rs. 16,999/- (inclusive of applicable taxes) for loan amount of Rs. 25,00,000/- and above. *The Flexi charges above will be deducted upfront from the loan amount |
Prepayment charges | Full prepayment •Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment. •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. Part-prepayment: •Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment. •Not applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi. |
Annual maintenance charges | Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Up to0.413% (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 the Total Withdrawable Amount during Subsequent loan tenure. |
Bounce charges | Rs. 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. |
Penal charge | Delay in payment of instalment(s) shall attract Penal Charge of Rs. 40 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) |
Payable as per state laws and deducted upfront from loan amount |
Legal and incidental charges | Recovery of charges |
Broken period interest/ pre-EMI interest | Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows: Scenario 1: If Loan is disbursed on 1st or post 10th of the month: For Term Loan: BPI amount will be capitalised, i.e added to Principal amount on Due date / Added to first instalment. Scenario 2: If Loan is disbursed between 3rd and 10th of the month: First instalment will consist of interest for actual number of days. |
Fees and charges of secured business loan
Types of fee | Applicable charges |
Rate of interest | 10% - 26% per annum |
Processing fee | Up to 3.54% of the loan amount (inclusive of applicable taxes) |
Documentation charges | Up to Rs. 2,360 (inclusive of applicable taxes) |
Flexi Facility Charge | Term Loan - Not applicable
|
Prepayment charges | Full prepayment
Part-prepayment –
|
Annual maintenance charges | Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Not applicable Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) on the total withdrawable amount during initial loan tenor. Not Applicable during subsequent loan tenure. |
Bounce Charges |
Rs. 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. |
Penal Charge | Penal charge is applicable in the following scenarios: a. Penal Charge: Any payment default shall attract penal charge of Rs. 36 per day for period of such delay from the respective due date and continue to apply until the date of receipt of amounts under the said default. b. Covenant Perfection Charge: i) Rs. 800/- per day for non-submission of critical documents after 90 days of disbursement. Levy from the date when due on non-compliance of any one or all heads in the category. ii) Rs. 500/- per day for non-submission of non-critical documents after 120 days of disbursement. Levy from the date when due. |
Stamp duty (as per respective state) - | Payable as per state laws |
Broken period interest/ pre-EMI interest | Broken period interest/ pre-EMI interest shall mean the amount of interest on Loan for the number of day(s) which is(are) charged in two scenarios:
Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged:
|
Mortgage origination fees | Up to Rs. 6,000/- per property (Inclusive of applicable taxes), charged upfront. Note - In case of re-valuation of the property then MOF will be levied again and shall be deducted from loan disbursement amount. |
CERSAI charges | Up to Rs. 118/- (inclusive of applicable taxes) |
Legal charges | Recovery of charges |
Repossession and incidental charges | Recovery of charges |
Fees and charges of Commercial Lending
Types of fees | Charges applicable |
Rate of interest | 8% - 13% per annum |
Processing fee | Up to 2.36% of the loan amount (inclusive of applicable taxes) |
Prepayment charges | Full prepayment
|
Bounce charges | Rs. 3,000/- 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. |
Penal Charge | As per Board Approved Policy. Click here to view the same. |
Stamp duty (as per respective state) | Payable as per state laws and borne by the Customer. |
Other charges (Invoice audit charges, legal charges and other incidental charges, TSR/ Valuation/ CERSAI charges) | Up to Rs. 118/- (Inclusive of applicable taxes) per instance |
Discounting charges/ upfront interest / front ended interest | Up to 15% per annum. |
Conversion Fee (Floating to Fixed) | For Term Loan - Up to 1.18% (inclusive of applicable taxes) of Principal Outstanding + Undisbursed amount (if any). For Dropline Flexi Loan - Up to 1.18% (Inclusive of applicable taxes) on Flexi Limit + Undisbursed amount (if any). Note: |
Conversion Fee (Fixed to Floating) | For Term Loan - Up to 1.18% (inclusive of applicable taxes) of Principal Outstanding + Undisbursed amount (if any). For Dropline Flexi Loan - Up to 1.18% (inclusive of applicable taxes) on Flexi Limit + Undisbursed amount (if any). Note: Three conversions are permissible throughout the entire tenure. |
Legal Charges | Recovery of charges |
Repossession and Incidental Charges | Recovery of charges |
Valuation Charges | Recovery of charges |
Fees and charges of two-wheeler loan
Type of fee |
Applicable charges |
Rate of interest |
Up to 30% per annum |
Processing fee |
Up to 12.95% of the loan amount (inclusive of applicable taxes) |
Documentation and hypothecation charges |
Up to Rs. 2,500/- (inclusive of applicable taxes) collected upfront |
Stamp duty (as per respective state) |
Payable as per state laws and collected upfront |
Prepayment charges |
Full prepayment *Full/part-prepayment will be processed post clearance of the first EMI |
Bounce charge |
Rs. 531/- 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. |
Penal charge |
Delay in payment of instalment(s) shall attract penal charge of Rs. 6 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Loan enhancement fee |
Rs. 117/- (inclusive of applicable taxes) for temporary increase in EMI card limit for the loan transaction. Same will be charged only for increase in limit in excess of Rs. 999/- to be collected along with first instalment |
Legal, repossession and incidental charges |
Rs. 3,540/- (inclusive of applicable taxes) |
Stockyard charges |
Rs. 59/- per day up to 60 days (Inclusive of applicable Taxes) |
Broken period interest/ pre-EMI interest |
Broken period interest/ pre-EMI interest shall mean the amount of interest on loan for the number of day(s) which is(are) charged in two scenarios:
|
NOC KIT |
NA |
Fees for delay in RC hypothecation | Rs. 1500/- (inclusive of applicable charges) *This is a one-time charge levied if there is delay in receiving the RC beyond 120 days post disbursement |
DCC charges | Up to Rs. 1,500 |
Cancellation charge | Rs. 2,360 |
Fees and charges of gold loan
The below table lists the gold loan interest rate and charges applicable when you apply for a Bajaj Finserv Gold Loan
Type of fee |
Applicable charges |
Interest rate |
9.50% to 26% per annum |
Processing fees |
0.15% of the loan amount (inclusive of applicable taxes). Subject to a minimum Rs. 99 (inclusive of applicable taxes) and maximum of Rs. 600 (inclusive of applicable taxes). |
Stamp duty (as per respective state) |
Payable as per state laws and deducted upfront from loan amount |
Cash handling charges |
Rs. Rs. 50 (inclusive of applicable taxes). Applicable for cash disbursement only. |
Penal charge |
Rs. 8 per day on Outstanding Balance - Penal charge will be over and above the interest rate slab mentioned above which shall be applicable/chargeable in case of default in repayment of the Outstanding Dues post maturity. |
Convenience fee | Convenience fee of Rs. 149 (inclusive of applicable taxes) shall be levied for release of ornament/s out of multiple ornaments securing the Gold Loan. |
Part-prepayment charges |
NIL |
Foreclosure charges |
Foreclosure charges are “0”, but in cases the Borrower closes the loan, interest on a pro-rated basis will be applicable. |
The interest rates applicable on gold loans are dynamic and frequently change due to external factors.
Fees and charges of loan against securities
The following charges are applicable on loan against securities
Types of fees | Charges applicable |
Interest rate | Up to 20% per annum |
Processing fee | Up to 4.72% of the loan amount (inclusive of applicable taxes). |
Prepayment charges | Full prepayment - Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment Part-prepayment - Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment |
Annual maintenance charges/ renewal fee | Up to 1.18% (inclusive of applicable taxes) on the sanctioned amount |
Bounce charges |
Rs. 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. |
Penal charge | Delay in payment of instalment (as per payment frequency mentioned in the Sanction Letter) shall attract penal charges as more particularly described in Annexure I from the respective due date until the date of receipt of instalment (as per payment frequency mentioned in the Sanction Letter)/principal/overdue amount. To view Annexure I, kindly click here. |
Stamp duty (as per respective state) |
Payable as per state laws |
Brokerage charges* |
As applicable at actuals |
DP charges** |
As applicable at actuals |
Pledge confirmation charges** | As applicable at actuals |
Pledge invocation charges** | As applicable at actuals |
Demat share transfer charges (post invocation)** | As applicable at actuals |
Legal charges | Recovery of charges |
*Charges levied by Broker to BFL and the same is being passed on to the clients
**Charges levied by NSDL/ CDSL to BFL and the same is being passed on to the clients
Fees and charges of loan against insurance policies
The following are the interest rates, fees and charges applicable on loan against insurance policies
Type of fee |
Applicable charges |
Rate of interest | Up to 20% per annum In case of lock-in policies, compounding interest will be charged In case of lock-in free policies, simple interest will be charged |
Processing fees | Up to 3% (inclusive of applicable taxes) of the loan amount or Up to Rs. 10,000 (inclusive of applicable taxes). |
Flexi fee | Not applicable |
Prepayment charges | Full prepayment - Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment. Part prepayment - Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part prepayment. |
Renewal fees | Up to Rs. 2,950/- (inclusive of applicable taxes) to be collected on renewal |
Bounce charges | Rs. 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. |
Penal charge | For Non-LIC (ULIP) Policies - Delay in payment of instalment (as per payment frequency mentioned in the Sanction Letter) shall attract penal charges as more particularly described in Annexure I from the respective due date until the date of receipt of instalment (as per payment frequency mentioned in the Sanction Letter) /principal/overdue amount. To view Annexure 1 kindly click here. |
Stamp duty | Payable as per state laws. |
Legal charges | Recovery of charges |
*Charges levied by NSDL to BFL and the same is being passed on to the clients
Fees and charges of used car finance
The following charges are applicable on used car finance:
Type of fee |
Applicable charges |
Rate of interest |
10% to 19% p.a. |
Processing fee |
Up to 2.95% of the loan amount (inclusive of applicable taxes). |
Documentation charges |
Up to Rs. 2,360 (inclusive of applicable taxes). |
Flexi facility charge |
Flexi facility chargeTerm Loan – Not applicable Flexi Term Loan (Flexi Dropline) - Up to Rs. 999/- (inclusive of applicable taxes) Flexi Hybrid Loan (as applicable below)
The charges above will be deducted upfront from the loan amount *Loan amount includes approved loan amount, insurance premium, VAS charges, and documentation charges. |
Prepayment charges |
Full prepayment (foreclosure)
|
Annual maintenance charges | Term Loan: Not applicable Flexi Term Loan (Flexi Dropline):
|
Bounce charges |
Rs. 1,500 per bounce |
Penal charge |
Delay in payment of instalment(s) shall attract penal charge up to Rs. 25 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) |
Payable as per state laws and deducted upfront from the loan amount. |
Legal and incidental charges |
Recovery of charges |
Repossession charges |
Recovery of charges maximum up to Rs. 50,000 (Inclusive of applicable taxes) |
Auction charges |
Recovery of charges |
Valuation charges |
Recovery of charges |
Stockyard charges |
Rs. 118 per day for 60 days (inclusive of applicable taxes) |
Loan re-booking charges |
Rs. 1,000 (inclusive of applicable taxes). |
Loan cancellation charges |
Rs. 2,360 (inclusive of applicable taxes) (Interest till cancellation to be borne by the customer). |
NOC for interstate transfer |
Rs. 1,180 (inclusive of applicable taxes). |
NOC to convert from private to commercial |
Rs. 3,540 (inclusive of applicable taxes). |
Broken period interest/ pre-EMI interest |
Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows: Scenario 1: If a loan is disbursed on 1st or post 15th of the month: Scenario 2: If a loan is disbursed between 3rd and 15th of the month: |
Fees and charges of new car finance
Type of fee | Applicable charges |
Rate of interest | Up to 14% p.a. |
Processing fees | Up to 2.95% of the loan amount (inclusive of applicable taxes). |
Documentation charges | Up to Rs. 2,360 (inclusive of applicable taxes). |
Flexi facility charge | Term Loan – Not applicable Flexi Loan variant (as applicable below) - will be deducted upfront from the loan amount
|
Prepayment charges | Full prepayment (foreclosure)
|
Annual maintenance charges | Term Loan - Not applicable
|
Bounce charges | Rs. 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. |
Penal charge | Delay in payment of instalment(s) shall attract penal charge of Rs. 20 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) | Payable as per state laws and deducted upfront from the loan amount. |
Legal, and incidental charges | Recovery of charges |
Repossession charges | Recovery of charges maximum up to Rs. 50,000 (Inclusive of applicable taxes) |
Auction charges | Recovery of charges |
Valuation charges | Recovery of charges |
Stockyard charges | Rs. 118 per day for 60 days (inclusive of applicable taxes) |
NOC for interstate transfer | Rs. 1,180 (inclusive of applicable taxes). |
NOC to convert from private to commercial | Rs. 3,540 (inclusive of applicable taxes). |
Other NOC | Rs. 1,180 (inclusive of applicable taxes). |
Broken period interest/ pre-EMI interest |
“Broken period interest/ pre-EMI interest” shall mean the amount of interest on loan for the number of day(s), which is(are) charged in two scenarios: In this scenario, broken period interest is recovered by the following method: For Term Loan, Flexi Term Loan, and Flexi Hybrid Loan: Added to the first instalment amount |
Loan cancellation charges | Up to Rs. 2,360/- (inclusive of applicable taxes). Note - In the event of loan cancellation, the customer shall also bear the interest accrued on the loan till the date of cancellation and stamp duty charges levied on the loan at the time of loan origination. |
Fees and charges of chartered accountant loan
Also Get a Bajaj Finserv CA Loan of up to Rs. 80 lakh with minimal documentation and flexible tenure to meet your financial requirements.
Types of fees | Charges applicable |
Rate of interest | 10% to 20% per annum |
Processing fee | Up to 2.95% of the loan amount (inclusive of applicable taxes) |
Flexi Facility Charge | Term Loan: Not applicable *The Flexi charges above will be deducted upfront from the loan amount. *Loan amount includes approved loan amount, insurance premium and VAS charges. |
Prepayment charges | Full prepayment (Foreclosure) Foreclosure can be processed post clearance of first EMIs • Term Loan: Up to 4.72% (inclusive of applicable taxes) of the outstanding loan amount as on the date of such full prepayment. |
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. |
Bounce charges | Rs. 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 |
Penal charge | Delay in payment of instalment(s) shall attract Penal Charge of Rs. 25 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty | Payable as per state laws and deducted upfront from the loan amount. |
Broken period interest/ pre-EMI interest | Broken period interest/ pre-EMI interest shall mean the amount of interest on loan for the number of day(s) which is(are) charged in two scenarios: Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, broken period interest is recovered by the following methods: • For Term Loan: Deducted from the loan disbursement • For Flexi Term Loan: Added to the first instalment • For Flexi Hybrid Loan: Added to the first instalment Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, interest is charged only for the actual number of days since the loan was disbursed. |
Legal & Incidental charges | Recovery of charges |
Fees and charges of home loan
Type of fee | Applicable charges | ||
Rate of interest (fresh loan) | Salaried | Self-employed | Doctors |
8.50%* to 17.00%* p.a. |
9.10%* to 15.00%* p.a. | 8.60%* to 14.00%* p.a. | |
Rate of interest (balance transfer) | Salaried | Self-employed | Doctors |
8.50%* to 17.00%* p.a. |
9.50%* to 15.00%* p.a. | 8.80%* to 15.00%* p.a | |
Processing fee | 4% of the loan amount + GST as applicable | ||
Bounce charge | In case of default of repayment instrument, the following charges per bounce will be applicable: •For loan amounts up to Rs. 15 lakhs: Rs. 500 •For loan amounts from Rs. 15,00,001 to Rs. 30,00,000: Rs. 1,000 •For loan amounts from Rs. 30,00,001 to Rs. 50,00,000: Rs. 1,500 •For loan amounts from Rs. 50,00,001 to Rs. 1,00,00,000: Rs. 2,000 •For loan amounts from Rs. 1,00,00,001 to Rs. 5,00,00,000: Rs. 3,000 •For loan amounts from Rs. 5,00,00,001 to Rs. 10,00,00,000: Rs. 5,000 •For loan amounts more than Rs. 10 crores: Rs. 10,000 |
||
Penal charge | Click here to know about the penal charges. | ||
Secure fee | Up to Rs. 10,000 + GST as applicable | ||
Interest and principal statement charges | NIL | ||
Part-prepayment charges | NIL | ||
Forclosure charges | NIL |
Fees and charges of loan for doctors
Get a Bajaj Finserv Doctor Loan of up to Rs. 80 lakh and repay it easily over flexible tenures of up to 8 years.
Types of fees | Charges applicable |
Rate of interest | 10% to 20% per annum |
Processing fee | Up to 2.95% of the loan amount (inclusive of applicable taxes) |
Flexi Facility Charge | Term Loan: Not applicable *The Flexi charges above will be deducted upfront from the loan amount. *Loan amount includes approved loan amount, insurance premium and VAS charges. |
Prepayment charges | Full prepayment (Foreclosure) Foreclosure can be processed post clearance of first EMIs • Term Loan: Up to 4.72% (inclusive of applicable taxes) of the outstanding loan amount as on the date of such full prepayment. |
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 0.590% (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. |
Bounce charges | Rs. 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. |
Penal Charge | Delay in payment of instalment(s) shall attract Penal Charge of Rs. 25 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) |
Payable as per state laws and deducted upfront from the loan amount. |
Broken period interest/ pre-EMI interest | Broken period interest/ pre-EMI interest shall mean the amount of interest on loan for the number of day(s) which is(are) charged in two scenarios: Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, broken period interest is recovered by the following methods: • For Term Loan: Deducted from the loan disbursement • For Flexi Term Loan: Added to the first instalment • For Flexi Hybrid Loan: Added to the first instalment Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, interest is charged only for the actual number of days since the loan was disbursed. |
Legal and incidental charges | Recovery for charges |
Fees and charges of loan against property
Types of fees |
Applicable charges |
Rate of interest (floating rate of interest) |
9% to 12% per annum |
Processing fee |
Up to 3.54% of the loan amount (inclusive of applicable taxes) |
Documentation charges |
Up to Rs. 2,360/- (inclusive of applicable taxes) |
Flexi facility charge |
Term Loan – Not applicable Flexi term loan (Flexi dropline) The Flexi charges above will be deducted upfront from the loan amount Loan amount includes approved loan amount, insurance premium, VAS charges, and documentation charges. |
Prepayment charges |
Full prepayment
|
Annual maintenance charges |
Term Loan: Not applicable |
Bounce charges |
Rs. 1,500/. “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 |
Penal Charge |
Penal Charge is applicable in the following scenarios: |
Stamp duty (as per respective state) |
Payable as per state laws |
Broken period interest/ pre-EMI interest |
Broken period interest/ pre-EMI interest shall mean the amount of interest on Loan for the number of day(s) which is(are) charged in two scenarios: Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, broken period interest is recovered by the following methods: •For Term Loan: Deducted from the loan disbursement •For quick disbursal process and disbursement mode is cheque: Added to the first instalment •For Flexi Term Loan: Added to the first instalment •For Flexi Hybrid Loan: Added to the first instalment Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged: •In this scenario, interest is charged only for the actual number of days since the loan was disbursed. |
Mortgage origination fees |
Up to Rs. 6,000/- per property (inclusive of applicable taxes) charged upfront. Note - In case of re-valuation of the property then MOF will be levied again and shall be deducted from loan disbursement amount. |
Conversion fee (floating to fixed)** | For Term Loan: Up to 1.18% (inclusive of applicable taxes) of principal outstanding + undisbursed amount (if any) For Flexi Term Loan and Hybrid Flexi Loan: Up to 1.18% (inclusive of applicable taxes) on flexi limit + undisbursed amount (if any) Note: a) The company would charge additional interest rate risk premium of 200 bps over the applicable rate of interest on the borrower's loan account as on that date. b) Three conversions are permissible throughout the entire tenure |
Conversion fee (fixed to floating)** | For Term Loan: Up to 1.18% (inclusive of applicable taxes) of principal outstanding + undisbursed amount (if any) For Flexi Term Loan and Hybrid Flexi Loan: Up to 1.18% (inclusive of applicable taxes) on flexi limit + undisbursed amount (if any) Note: Three conversions are permissible throughout the entire tenure. |
Switch fee for ROI change | Up to 2.36% (inclusive of applicable taxes) of principal outstanding |
Commitment fee | Maximum up to total PF amount. |
Legal Charges | Recovery of charges |
Repossession & Incidental charges | Recovery of charges |
**The option of switching from floating to fixed rate of interest and vice versa would be applicable only to Borrowers whose loan qualify as personal loan as per RBI circular on Reset of Floating Interest Rate on Equated Monthly Instalments (EMI) based Personal Loans- RBI/2023-24/55-DOR.MCS.REC.32/01.01.003/2023-24.
Personal loans refers to loans given to individuals and consist of (a) consumer credit, (b) education loan, (c) loans given for creation/ enhancement of immovable assets (e.g., housing, etc.), and (d) loans given for investment in financial assets (shares, debentures, etc.).
Further, Consumer credit refers to the loans given to individuals, which consists of (a) loans for consumer durables, (b) credit card receivables, (c) auto loans (other than loans for commercial use), (d) personal loans secured by gold, gold jewellery, immovable property, fixed deposits (including FCNR(B)), shares and bonds, etc., (other than for business / commercial purposes), (e) personal loans to professionals (excluding loans for business purposes), and (f) loans given for other consumptions purposes (e.g., social ceremonies, etc.). However, it excludes (a) education loans, (b) loans given for creation/ enhancement of immovable assets (e.g., housing, etc.), (c) loans given for investment in financial assets (shares, debentures, etc.), and (d) consumption loans given to farmers under KCC. For risk weighting purposes under the Capital Adequacy Framework, the extant regulatory guidelines will be applicable. (as defined in XBRL Returns – Harmonization of Banking Statistics-RBI/2017-18/117-DBR.No.BP.BC.99/08.13.100/2017-18)
Fees and charges of Bajaj Pay Wallet
Bajaj Pay Service – Fees and Charges |
|
Service |
Charges (Rs.) |
Account opening or upgrade (Full KYC wallet) for new customers |
Up to Rs. 50/- (Inclusive of applicable taxes) |
Load money |
Charges (Rs.) |
Through credit card |
Up to 5% per transaction (inclusive of applicable taxes) |
Through debit card |
Up to 5% per transaction (inclusive of applicable taxes) |
Through UPI |
Rs. 0 |
Through UPI (Via Rupay Credit Card) |
Up to 5% per transaction (Inclusive of applicable taxes) |
Through Net Banking |
Up to 5% per transaction (inclusive of applicable taxes) |
*Subjected to charges approved within regulatory guidelines and may get revised time to time |
|
Payment |
Charges (Rs.) |
Payment at merchant |
Rs. 0 |
Payment to utility bill/recharges/DTH |
Up to 5% per transaction (Inclusive of applicable taxes) |
*Subjected to charges approved within Regulatory guidelines and may get revised time to time |
|
Transfer |
Charges (Rs.) |
Bajaj Pay Wallet to wallet |
Rs. 0 |
Bajaj Pay Wallet (full KYC only) to bank |
Up to 5% per transaction (inclusive of applicable taxes) |
*For failed transaction, total amount including charges and taxes are reversed. |
|
*Additional Cess will be applicable as per state specific laws. |
|
New customers are those who does not have any existing relationship with the Bajaj Finance Ltd and includes small PPI holders as well. |
Fees and charges of medical equipment finance
Types of fees | Charges applicable |
Rate of interest | Up to 14% per annum |
Processing fee | Up to 2.95% of the loan amount (inclusive of applicable taxes) |
Documentation charges | Up to Rs. 2,360/- (inclusive of applicable taxes). |
Flexi Facility Charge | Term Loan - Not applicable Flexi term loan (Flexi dropline) Up to Rs. 999 (inclusive of applicable taxes) for loan amount less than Rs. 50,00,000. Up to Rs. 1,999 (inclusive of applicable taxes)for loan amount between Rs. 50,00,000 and Rs. 74,99,999. Up to Rs. 1,999 (inclusive of applicable taxes) for loan amount between Rs. 75,00,000 and Rs. 99,99,999 Up to Rs. 2,999 (inclusive of applicable taxes) for loan amount between Rs. 1,00,00,000 and Rs. 2,49,99,999 Up to Rs. 3,999 (inclusive of applicable taxes) for loan amount between Rs. 2,50,00,000 and Rs. 4,99,99,999 Up to Rs. 4,999 (inclusive of applicable taxes) for loan amount between Rs. 5,00,00,000 and Rs. 7,49,99,999 Up to Rs. 5,999 (inclusive of applicable taxes)for loan amount Rs. 7,50,00,000 and above Flexi Hybrid loan – Up to Rs. 5,999 (inclusive of applicable taxes) for loan amount less than Rs. 50,00,000. Up to Rs. 11,999 (inclusive of applicable taxes) for loan amount between Rs. 50,00,000 and Rs. 74,99,999. Up to Rs. 14,999 (inclusive of applicable taxes) for loan amount between Rs. 75,00,000 and Rs. 99,99,999 Up to Rs. 19,999 (inclusive of applicable taxes) for loan amount between Rs. 1,00,00,000 and Rs. 2,49,99,999 Up to Rs. 21,999 (inclusive of applicable taxes) for loan amount between Rs. 2,50,00,000 and Rs. 4,99,99,999 Up to Rs. 25,999 (inclusive of applicable taxes) for loan amount between Rs. 5,00,00,000 and Rs. 7,49,99,999 Up to Rs. 29,999 (inclusive of applicable taxes) for loan amount Rs. 7,50,00,000 and above Will be deducted upfront from loan amount *Loan amount includes approved loan amount, insurance premium, VAS charges, and documentation charges. |
Prepayment charges | Full prepayment
Part prepayment
|
Annual maintenance charges | Not applicable |
Bounce charges | Rs. 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. |
Penal Charge | Delay in payment of instalment(s) shall attract Penal Charge of Rs. 190 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (As per respective state) |
Payable as per state laws |
Broken period interest/ pre-EMI interest | Broken period interest/ pre-EMI interest shall mean the amount of interest on loan for the number of day(s) which is(are) charged in two scenarios:
Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, interest is charged only for the actual number of days since the loan was disbursed. |
Legal, repossession and incidental charges | Recovery of charges |
LC processing fees | Up to 2.36% of the loan amount (inclusive of applicable taxes) |
Fees and charges of EMI Network Card/ Insta EMI Card
To know more about terms & conditions for availing loan through EMI Card, click here
The following charges are applicable on Insta EMI Card/ EMI Network Card | |
Type of fee | Applicable charges |
EMI Network Card fee | Rs. 530/- (inclusive of applicable taxes) |
The following charges are applicable for availing loan limit through Insta EMI Card/ EMI Network Card
Type of fee |
Applicable charges |
Processing fee |
Up to Rs. 5000/- (inclusive of applicable taxes) collected upfront. |
Upfront Interest | Up to Rs. 1017 /- collected upfront or in 1st EMI |
Bounce charges |
Rs.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. |
Penal charges |
Delay in payment of instalment(s) shall attract penal charge of up to Rs. 5 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Convenience fee | Rs. 236/- (inclusive of applicable taxes) |
Fees and charges of Health EMI Network Card
FEES AND CHARGES |
|
The following charges are applicable on Health EMI Network Card: |
|
Type of fees |
Charges applicable |
Health EMI Card Network Card fee - Gold |
Rs. 707/- (inclusive of applicable taxes) |
Health EMI Card Network Card fee - Platinum |
Rs. 999/-(inclusive of applicable taxes) |
Corporate/ Hospital Health EMI Network Card Fee | Up to Rs. 599 (inclusive of applicable taxes) |
Annual fee |
Up to Rs. 117/- (inclusive of applicable taxes). Annual fee will only be charged to the Health EMI Network Card holders who have not availed any loan using the Health EMI Network Card in the preceding year. The duration of the preceding year is calculated 12 months from last year’s validity month, which is printed on the face of your Health EMI Network Card. For example, if the Health EMI Network Card is issued in the month of February 2019 (referred to as ‘Member Since’, on the Health EMI Network Card) the date for payment of the annual fee will be March 2020. |
The following charges are applicable for availing loan limit through Health EMI Network Card: |
|
Processing fee |
Up to Rs. 1,017/- (inclusive of applicable taxes) collected upfront. |
Bounce charges |
Rs.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. |
Penal charges |
Delay in payment of instalment(s) shall attract penal charge of up to Rs. 5 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Loan enhancement fees |
Rs. 117/- (inclusive of applicable taxes) for temporary increase in Health EMI card limit for the loan transaction. Same will be charged only for increase in limit in excess of Rs. 999/- to be collected along with the first instalment. |
Convenience fee |
Rs. 149 /- (inclusive of applicable taxes) will be collected along with first instalment. |
Full prepayment (foreclosure) charges |
Nil, anytime post disbursal of loan. |
Part prepayment charges |
Nil, anytime post disbursal of loan. |
Cash Deposit Charges | Customers will incur a cash deposition charge of Rs. 50 (Inclusive of Applicable taxes) when making cash payments at our branch offices. |
Platform Fees | Rs. 11 (Inclusive of Applicable taxes) will be charged for utilising the payment gateway to make part or full payments towards the loan through digital properties. |
Fees and charges of EMI Network
To know more about the terms and conditions for availing loan through EMI Card, click here.
Processing fee varies from products, schemes, and dealers purchased on the EMI Network categories.
Type of fees |
Amount (Rs.)/ Percentage (%) and Description |
Processing fees |
Up to Rs. 5,000 (inclusive of applicable taxes) collected upfront or added in the first EMI. |
Upfront Interest | Up to Rs. 1017/- Collected upfront or in 1st EMI |
Bounce charge |
Rs. 500/- per bounce. |
Penal Charge |
Delay in payment of instalment(s) shall attract Penal Charge up to Rs. 2 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Convenience fee |
For Existing to Bajaj (ETB) - Rs. 236/- (Inclusive of applicable taxes). For New to Bajaj (NTB) – Rs. 300/- (Inclusive of applicable taxes). |
Credit Suraksha fee |
Rs. 59 (inclusive of applicable taxes) if applicable |
Full prepayment (Foreclosure) charges |
NIL |
Part-prepayment |
NIL |
Direct Cash Collection Charge | Up to Rs. 499 (Inclusive of Applicable taxes) will be charged upfront for providing an option to make EMI payments in cash |
Fees and charges of Mobile Recharge and Bill Payments
The following charges are applicable on mobile recharges and bill payments:
Mobile recharge and bill payments – Fees and charges |
|
Payment |
Charges (Rs.) |
Payment for bills and recharges |
Convenience fee up to 2% per transaction (inclusive of applicable taxes) * |
Platform fee |
Up to Rs. 5/- for each prepaid mobile recharge |
*Convenience fee is applicable on specific payment instrument and subject to revision time to time
Note - For failed transactions, total amount including charges except taxes are reversed.
Fees and charges of B2B Dealer Banker
Types of fees | Applicable charges |
Rate of interest | 8% to 20% per annum |
Processing fee | • HL and LAP: Up to 2.36% of the loan amount (inclusive of applicable taxes) • BL: Up to 4.72% of the loan amount (inclusive of applicable taxes) |
Prepayment charges | Full prepayment (foreclosure) • Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment. • 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. Part-prepayment • Up to 4.72% (inclusive of applicable taxes) of the principal amount of the loan prepaid on the date of such part-prepayment. • Not applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi Loan. |
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 loan tenure and applicable to the subsequent tenure. |
Flexi facility charge | (i) BL Term Loan: NA (ii) BL Drop Line Flexi: Up to Rs. 999 (iii) BL Hybrid Flexi: • Up to Rs. 6,499 for loan amount less than Rs. 10,00,000. • Up to Rs. 8,999 for loan amount from Rs. 10,00,000 to Rs. 14,99,999. • Up to Rs. 13,999 for loan amount from Rs. 15,00,000 to Rs. 24,99,999. • Up to Rs. 16,999 for loan amount of Rs. 25,00,000 and above. |
Bounce charges | Rs. 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 |
Penal charge | Delay in payment of instalment(s) shall attract penal charges of Rs. 90 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) | Secured loans - Payable as per state laws Unsecured loans - Payable as per state laws and deducted from the loan amount. |
Broken period interest/ pre-EMI interest | For BL: Scenario 1: If loan is disbursed on 1st or post 10th of the month: For Term Loan: BPI amount will be capitalised, i.e. added to principal amount on due date/ deducted from disbursement. For Flexi Loans: BPI amount will be capitalised, i.e. added to principal amount on due date/ added to first instalment. Scenario 2: If loan is disbursed between 3rd and 10th of the month: First instalment will consist of interest for actual number of days. For LAP and HL: Scenario 1: If loan is disbursed on 1st or post 15th of the month: For Term Loan: BPI amount will be capitalised, i.e. added to principal amount on due date/ deducted from disbursement For Flexi Loans: BPI amount will be capitalised, i.e. added to principal amount on due date/ added to first instalment Scenario 2: If loan is disbursed between 3rd and 15th of the month: First instalment will consist of interest for actual number of days. |
CERSAI charges | Rs. 118 (inclusive of applicable taxes) (not applicable for unsecured loans) |
Mortgage origination fee | Up to Rs. 6000 (inclusive of applicable taxes) (not applicable for unsecured loans) |
Commitment fee | Maximum up to total PF amount (applicable only for secured loans) |
Switch fee | HL and LAP: Up to 1.18% (inclusive of applicable taxes) in case customer approaches for ROI change in secured cases. |
Fees and charges of Lease Rental Discounting (LRD)
Type of fee | Applicable charges |
Rate of interest (floating) | 9% to 12% per annum |
Processing fees | Up to 3.54% of the loan amount (inclusive of applicable taxes) |
Documentation charges | Up to Rs. 2,360/- (inclusive of applicable taxes) |
Flexi Facility Charge | Term Loan: Not applicable Flexi variant (as applicable below) - (Inclusive of applicable taxes): Flexi Term Loan (Flexi dropline):
*Loan amount includes approved loan amount, insurance premium, VAS charges, and documentation charges. |
Pre-payment charges | Full pre-payment/Foreclosure ·Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment. Part pre-payment Note: If all borrowers and co-borrowers are Individual, loan availed on floating interest rates, and loan taken for purpose other than business use, then there will be no foreclosure/part-payment charges. |
Annual maintenance charges | Term Loan: Not applicable |
Flexi Term Loan (Flexi Dropline): Not applicable | |
Flexi Hybrid Loan: Not applicable | |
Bounce charges | Rs. 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 |
Legal charges | Recovery of charges |
Repossession and incidental charges | Recovery of charges |
Penal Charge |
Penal Charge is applicable in the following scenarios: a. Penal Charge: b. Covenant Perfection Charge: |
Stamp duty (as per respective state) | Payable as per state laws |
Broken Period Interest/ Pre-EMI Interest | Broken Period Interest/Pre EMI-Interest' shall mean the amount of interest on loan for the number of day(s) which is(are): Scenario 1 - Over and above the period of 30 (thirty) days from the date of disbursement of the loan: Method of recovery of Broken Period Interest/Pre-EMI Interest: For Term Loan: Deduct from disbursement For QDP process: Added to first instalment amount For Flexi Term Loan: Added to first instalment amount For Hybrid Flexi Loan: Added to first instalment amount Scenario 2 - Less than period of 30 (thirty) days from the date of disbursement of the loan, Interest on first instalment will be charged for actual number of days. |
Mortgage origination fees | Up to Rs. 6,000/- (inclusive of applicable taxes) per property charged upfront. Note - In case of re-valuation of the property then MOF will be levied again and shall be deducted from loan disbursement amount. |
Conversion fee (floating to fixed)** | For Term Loan: Up to 1.18% (inclusive of applicable taxes) of principal outstanding + undisbursed amount (if any) For Flexi Term Loan and Hybrid Flexi Loan: Up to 1.18% (inclusive of applicable taxes) on flexi limit + undisbursed amount (if any) Note: a) The company would charge additional interest rate risk premium of 200 bps over the applicable rate of interest on the borrower's loan account as on that date. b) Three conversions are permissible throughout the entire tenure |
Conversion fee (fixed to floating)** | For Term Loan: Up to 1.18% (inclusive of applicable taxes) of principal outstanding + undisbursed amount (if any) For Flexi Term Loan and Hybrid Flexi Loan: Up to 1.18% (inclusive of applicable taxes) on flexi limit + undisbursed amount (if any) Note: Three conversions are permissible throughout the entire tenure. |
Switch fee for ROI change | Up to 2.36% (inclusive of applicable taxes) of principal outstanding |
Commitment fee | Maximum up to total PF amount. |
**The option of switching from floating to fixed rate of interest and vice versa would be applicable only to Borrowers whose loan qualify as personal loan as per RBI circular on Reset of Floating Interest Rate on Equated Monthly Instalments (EMI) based Personal Loans- RBI/2023-24/55-DOR.MCS.REC.32/01.01.003/2023-24.
Personal loans refers to loans given to individuals and consist of (a) consumer credit, (b) education loan, (c) loans given for creation/ enhancement of immovable assets (e.g., housing, etc.), and (d) loans given for investment in financial assets (shares, debentures, etc.).
Further, Consumer credit refers to the loans given to individuals, which consists of (a) loans for consumer durables, (b) credit card receivables, (c) auto loans (other than loans for commercial use), (d) personal loans secured by gold, gold jewellery, immovable property, fixed deposits (including FCNR(B)), shares and bonds, etc., (other than for business / commercial purposes), (e) personal loans to professionals (excluding loans for business purposes), and (f) loans given for other consumptions purposes (e.g., social ceremonies, etc.). However, it excludes (a) education loans, (b) loans given for creation/ enhancement of immovable assets (e.g., housing, etc.), (c) loans given for investment in financial assets (shares, debentures, etc.), and (d) consumption loans given to farmers under KCC. For risk weighting purposes under the Capital Adequacy Framework, the extant regulatory guidelines will be applicable. (as defined in XBRL Returns – Harmonization of Banking Statistics-RBI/2017-18/117-DBR.No.BP.BC.99/08.13.100/2017-18)
Fees and charges for Bajaj Pay FASTag
The following are the fees and charges applicable on the Bajaj Pay FASTag:
Particulars |
Amount |
FASTag issuance fee |
Rs. 100 |
FASTag recharge amount |
Rs. 100 |
Security deposit (refundable when closed) |
Rs. 200 |
Total amount payable |
Rs. 400 (inclusive of all taxes) |
Replacement fee | Rs. 100/- (Inclusive of all taxes) |
Fees and charges of microfinance group loan
Rate of Interest |
||
Minimum |
Maximum |
Average in Q1 FY 25 |
23% p.a. |
25% p.a. |
24.76% p.a. |
Type of fee |
Applicable charges |
Processing fees |
Up to 1.50% (inclusive of applicable taxes) of the total loan amount |
Documentation charges | Not Applicable |
Prepayment charges |
Part-prepayment – NIL Full prepayment – NIL |
Bounce charges |
Up to Rs. 50/- per bounce. |
Penal charge |
Delay in payment of instalment for more than 7 days from the due date of instalment shall attract penal charge of up to Rs. 4/- per day for every delayed instalment, until the receipt of instalment |
Mandate registration charges |
Not applicable |
Broken period interest/ pre-monthly instalment interest |
Broken period interest/ pre-monthly instalment interest shall be charged for actual number of days from the date of disbursement. |
*Terms and conditions apply
For Micro Finance Loans, please note below:
Purchase of any non-credit product by the microfinance borrowers is purely on a voluntary basis.
Additional cess/ taxes, if any, will be applicable on all charges as per the respective state laws as may be applicable from time to time.
Fees and charges of pharma loan
Types of fees |
Charges applicable |
Rate of interest |
12 - 19 per annum |
Processing fee |
Up to 2.95% of the loan amount (inclusive of applicable taxes) |
Flexi Facility Charge |
Term Loan: Not applicable Flexi Hybrid Loan (as applicable below) · Up to Rs. 1,999/- (inclusive of applicable taxes) for loan amount less than Rs. 2,00,000/- · Up to Rs. 3,999/- (inclusive of applicable taxes) for loan amount from Rs. 2,00,000/- to Rs. 3,99,999/- · Up to Rs. 5,999/- (inclusive of applicable taxes) for the loan amount from Rs. 4,00,000/- to Rs. 5,99,999/- · Up to Rs. 6,999/- (inclusive of applicable taxes) for the loan amount from Rs. 6,00,000/- to Rs. 9,99,999/- · Up to Rs. 7,999/- (inclusive of applicable taxes) for the loan amount of Rs. 10,00,000/- and above *The Flexi charges will be collected upfront from the loan amount |
Prepayment charges |
Full prepayment • Term Loan: Up to 4.72% (inclusive of applicable taxes) of the outstanding loan amount 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 • Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part prepayment |
Annual maintenance charges |
Term Loan: Not applicable • 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 initial tenure • Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure |
Bounce charges |
Rs. 1,500/- per bounce. |
Penal charge |
Delay in payment of instalment(s) shall attract Penal Charge of Rs. 20 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) |
Payable as per state laws and deducted upfront from the loan amount |
Broken period interest/ pre-EMI interest |
Broken period interest/ pre-EMI interest shall mean the amount of interest on loan for the number of day(s), which is(are) charged in two scenarios: |
Fees and charges on ESOP financing
The following charges are applicable on ESOP financing:
Types of fees |
Charges applicable |
Interest rate |
8% to 15% per annum |
Processing fee |
Up to 4.72% of the loan amount (inclusive of applicable taxes) |
Prepayment charges |
Full prepayment – Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment Part-prepayment – Up to 4.72% (inclusive of the applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment |
Bounce charges |
Rs. 1,200/- per bounce. |
Annual maintenance charges |
Up to 1.18% (inclusive of applicable taxes) on the sanctioned amount |
Penal charge |
Delay in payment of instalment (as per payment frequency mentioned in the Sanction Letter) shall attract penal charges as more particularly described in Annexure I from the respective due date until the date of receipt of instalment (as per payment frequency mentioned in the Sanction Letter)/principal/overdue amount. To view Annexure I, kindly click here. |
Stamp duty |
Payable as per state laws |
Brokerage charges* |
As applicable at actuals |
DP charges** |
As applicable at actuals |
Pledge confirmation charges** |
As applicable at actuals |
Pledge invocation charges** |
As applicable at actuals |
Demat share transfer charges (post invocation)** |
As applicable at actuals |
Legal charges |
Recovery of charges |
*Charges levied by Broker to BFL and the same is being passed on to the clients.
**Charges levied by NSDL to BFL and the same is being passed on to the clients.
Fees and charges of IPO financing
The following charges are applicable on IPO financing
Types of fees |
Charges applicable |
Interest rate |
Up to 24% per annum and/or flat interest up to Rs. 30,000 per IPO application till the date of allotment |
Processing fee |
Up to 4.72% of the loan amount (inclusive of applicable taxes) |
Part-prepayment charges |
Not applicable |
Annual maintenance charges |
Not applicable |
Bounce charges |
Not applicable |
Penal charge |
Delay in payment of instalment (as per payment frequency mentioned in the Sanction Letter) shall attract penal charges as more particularly described in Annexure I from the respective due date until the date of receipt of instalment (as per payment frequency mentioned in the Sanction Letter)/principal/overdue amount. To view Annexure I, kindly click here. |
Stamp duty |
As applicable |
Brokerage charges* |
As applicable |
DP charges** |
As applicable |
Account opening charges | Up to Rs. 5000 (inclusive of applicable taxes) |
Pledge confirmation charges** |
As applicable |
Pledge invocation charges** |
As applicable |
Demat share transfer charges (post invocation)** |
As applicable |
Legal charges |
Recovery of charges |
*Charges levied by Broker to BFL and the same is recovered from the clients.
**Charges levied by NSDL to BFL and the same is recovered from the clients.
Fees and charges of new tractor finance
Type of fee |
Applicable charges |
Rate of interest |
0% to 20% p.a. |
Processing fees |
Up to 3% of the loan amount (inclusive of applicable taxes) |
Documentation charges |
Up to Rs. 4,720 (inclusive of applicable taxes) |
Flexi facility charge |
Term Loan - Not applicable
*Loan amount includes approved loan amount, insurance premium, VAS charges, and documentation charges. |
Stamp duty (as per the respective state) |
Payable as per state laws and deducted upfront from loan amount. |
Prepayment charges |
Full prepayment (foreclosure) charges
Part-prepayment charges
|
Bounce charge |
Rs. 1,000 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. |
Annual maintenance charges |
Term Loan - Not applicable
Flexi Term Loan
|
Penal charge | Delay in payment of instalment(s) shall attract penal charge of Rs. 54 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Legal, repossession and incidental charges |
Up to Rs. 50,000 (inclusive of applicable taxes) |
Stockyard charges |
Up to Rs. 250 per day up to 60 days (inclusive of applicable taxes) |
Broken period interest/ pre-EMI interest (Applicable only to Monthly repayment mode)
|
Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows: Scenario 1: If Loan is disbursed on 1st or post 10th of the month: For Term Loan, Flexi Hybrid Loan, Flexi Term Loan (Dropline Flexi): BPI amount will be capitalised, i.e added to Principal amount on Due date / Added to first instalment Scenario 2: If Loan is disbursed between 3rd and 10th of the month: First instalment will consist of interest for actual number of days. |
NOC KIT |
NA |
NOL (No Objection Letter) charges |
Rs. 500 (inclusive of applicable taxes) (Will be charged separately for tractor and registered implements) |
Loan rebooking charge |
Rs. 1,000 (inclusive of applicable taxes) – In case of rebooking requested by customer |
Loan cancellation charge |
Rs. 2,360 (inclusive of applicable taxes) - In case of cancellation requested by customer. Interest till cancellation to be borne by customer. Cancellation allowed till 90 days post disbursal date. |
Fees and charges of small implement finance
Type of fee |
Applicable charges |
Rate of interest |
12% to 20% p.a. |
Processing fees |
Up to 3% of the loan amount (inclusive of applicable taxes). |
Documentation charges |
Nil |
Stamp duty (as per the respective state) |
Payable as per state laws and deducted upfront from loan amount. |
Prepayment charges |
Full prepayment (foreclosure) charges
Part-prepayment charges
|
Bounce charges |
Rs. 250 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. |
Penal charge |
Delay in payment of instalment(s) shall attract penal charge of Rs. 27 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Legal, repossession and incidental charges |
Up to Rs. 25,000 (inclusive of applicable taxes) |
Stockyard charges |
Up to Rs. 250 per day up to 60 days (inclusive of applicable taxes) |
Broken period interest / pre-EMI interest (applicable only to monthly repayment mode) |
Method of recovery of "Broken period interest/ pre-monthly instalment interest" would be as follows: Scenario 1: If loan is disbursed on 1st or post 10th of the month: Scenario 2: If loan is disbursed between 3rd and 10th of the month: |
NOC KIT |
NA |
NOL (No Objection Letter) charges |
Rs. 500/- (inclusive of applicable taxes) (In case of registered implements) |
Duplicate NOC |
Rs. 500 (inclusive of applicable taxes). (In case of registered implements) |
Loan rebooking charge |
Rs. 500 (inclusive of applicable taxes) – In case of rebooking requested by customer |
Loan cancellation charge |
Rs. 1,000 (inclusive of applicable taxes) - In case of cancellation requested by customer. Interest till cancellation to be borne by customer. Cancellation allowed till 90 days post disbursal date. |
Fees and charges of used tractor finance
Type of fee |
Applicable charges |
Rate of interest |
16% to 26% p.a. |
Processing fees |
Up to 3% of the loan amount (inclusive of applicable taxes). |
Documentation charges |
Up to Rs. 4,720 (inclusive of applicable taxes). |
Flexi facility charge |
Term Loan - Not applicable
|
Stamp duty |
Payable as per state laws and deducted upfront from the loan amount. |
Prepayment charges |
Full prepayment (foreclosure) charges
Part-prepayment charges
|
Bounce charges |
Rs. 1,000 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. |
Annual maintenance charges |
Term Loan - Not applicable
Flexi Term Loan (Flexi Dropline)
|
Penal charge |
Delay in payment of instalment(s) shall attract penal charge of Rs. 32 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Legal, repossession and incidental charges |
Up to Rs. 50,000 (inclusive of applicable taxes) |
Stockyard charges |
Up to Rs. 250 per day up to 60 days (inclusive of applicable taxes) |
Broken period interest/ pre-EMI interest (Applicable only to Monthly repayment mode) |
Method of recovery of "Broken period interest/ pre-monthly instalment interest" would be as follows: First instalment will consist of interest for actual number of days. |
NOC KIT |
NA |
NOL (No Objection Letter) charges |
Rs. 500 (inclusive of applicable taxes) |
Loan rebooking charge |
Rs. 1,000 (inclusive of applicable taxes) – In case of rebooking requested by customer |
Loan cancellation charge |
Rs. 2,360 (inclusive of applicable taxes) - In case of cancellation requested by customer. Interest till cancellation to be borne by customer. Cancellation allowed till 90 days post disbursal date. |
Fees and charges of retailer finance
Below are the charges for retailer finance:
Type of fee |
Applicable charges |
Rate of interest |
Up to 14% p.a. |
Processing fee |
|
Documentation charges |
Up to Rs. 17,700/- (inclusive of applicable taxes) |
Part-prepayment charges |
Nil |
Foreclosure charges | Up to 4.72% on Sanction Limit within 1st year, 2.36% between 2nd & 3rd year and 1.18% after 3rd year. (Inclusive of applicable taxes) |
Annual maintenance charges |
|
Tranche breach charges/ Penal Charge |
Delay in payment of respective tranche shall attract Penal Charge of up to Rs. 1 per day per Rs. 1,000 on outstanding amount from the respective due date of such tranche until the date of receipt of payment. |
Stamp duty (as per respective state) |
Payable as per state law |
Legal, repossession and incidental charges |
Recovery of charges |
ROC filing charges |
At actuals |
CERSAI charges |
Up to Rs. 118 (inclusive of applicable taxes) applicable only for secured funding. |
Legal title search and valuation per property |
Up to Rs. 11,800/- (inclusive of applicable taxes)** |
Audit/ Inspection charges |
Up to Rs. 50,000/- annually Note: Charges collected at the time of execution of the facility agreement and subsequently for every stock audit and unit inspection carried out from time to time by BFL. Tentative avg. expense for stock audit/inspection performed by the agency managed by Risk. |
Fees and charges of trade advance
Here are the charges for trade advance:
Type of fee |
Applicable charges |
Rate of interest |
Up to 14% p.a. |
Processing fee |
(i) Up to 2% of the loan amount (inclusive of applicable taxes) (ii) For consumer durable goods, tractors and farm equipment dealers - Up to 0.5% of Limit or up to Rs. 8,999/- (inclusive of applicable taxes), whichever is lower |
Annual maintenance charges | Up to 0.5% of limit or up to Rs. 8,999 (inclusive of applicable taxes), whichever is lower |
Tranche breach charges/ Penal charge |
Delay in payment of respective tranche shall attract Penal Charge of up to Rs. 1 per day per Rs. 1,000 on outstanding amount from the respective due date of such tranche until the date of receipt of payment. |
Stamp duty |
Stamp Duty (as per respective state) |
Documentation charges |
Not Applicable |
Legal, repossession and incidental charges |
Recovery of charges |
Bounce charges |
Not Applicable |
Broken period interest / Pre-EMI interest | Not Applicable |
Flexi fee | Not Applicable |
Mandate rejection charges | Not Applicable |
Pre-payment charges / Foreclosure charges | Not Applicable |
Fees and charges for auto lease
Here are the charges applicable on auto lease:
Type of fee |
Applicable charges |
Monthly Lease Administration Fee |
Up to 0.59% of contract value (inclusive of applicable taxes) |
Foreclosure charges |
Up to 4.72% (inclusive of applicable taxes) on the outstanding amount payable by the corporate/ its employee on the date of such full prepayment |
Bounce charges |
Up to Rs. 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. |
Penal charges |
Delay in payment of instalment(s) shall attract penal charges of Rs. 10 per day per active lease from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty |
Payable as per state laws |
Legal and incidental charges |
Recovery of charges |
Repossession charges |
Recovery of charges maximum up to Rs. 50,000 |
Auction charges |
At actuals |
Valuation charges |
At actuals |
Stockyard charges |
Recovery of charges |
NOC for interstate transfer |
Rs. 1,180 (inclusive of applicable taxes) |
Duplicate NOC |
Rs. 500/- (inclusive of applicable taxes) |
Other NOC |
Rs. 1,180/- (inclusive of applicable taxes) |
PG facility charge |
Rs. 11 (inclusive of applicable taxes) will be charged for utilising the payment gateway to make part or full payments towards the loan through digital properties |
Fees and charges for affordable home loan
Below are the charges applicable on affordable home loan:
Type of fee |
Applicable charges |
Processing fees |
Up to 3.54% of the loan amount (inclusive of applicable taxes) |
Documentation charges |
Up to Rs. 9,500 (inclusive of applicable taxes) |
Pre-payment charges |
Full prepayment:
Part prepayment:
Note: Loan availed by individuals on floating interest rates and loan taken for purpose other than business use, then there will be no foreclosure / part payment charges. |
Bounce charges |
Up to Rs. 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. |
Penal charge |
Penal charge is applicable in the following scenarios: Penal charge:
Covenant perfection charge:
|
Stamp duty (as per respective state) |
Payable as per state laws |
Broken period interest/ pre-EMI interest | "Broken period interest/ pre-EMI interest" shall mean the amount of interest on loan for the number of day(s) which is(are): Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the Loan Method of recovery of Broken Period Interest/Pre-EMI Interest: For Term Loan: Added to first instalment amount. Scenario 2: Less than period of 30 (thirty) days from the date of disbursement of the loan, interest on first instalment will be charged for actual number of days |
Mortgage origination fees |
Up to Rs. 6,000 per property (inclusive of applicable taxes) charged upfront *In case of re-valuation of the property then MOF will be levied again and shall be deducted from loan disbursement amount |
CERSAI charges |
Up to Rs. 118 per instance (Inclusive of applicable taxes) |
Conversion fee (Floating to Fixed) |
Up to 1.18% (inclusive of applicable taxes) of Principal Outstanding + Undisbursed amount (if any). Note: The Company would charge an additional interest rate risk premium of 200 bps over the applicable rate of interest on the borrower's loan account as on that date. |
Conversion fee (Fixed to Floating) |
Up to 1.18% (inclusive of applicable taxes) of principal outstanding + undisbursed amount (if any) |
Switch fee for ROI change |
Up to 2.36% (inclusive of applicable taxes) of principal outstanding |
Subsequent Disbursement Visit Charges | Up to Rs. 799 per visit (Inclusive of applicable taxes) |
Fees and charges of loan against fixed deposit
Type of fee |
Charges applicable |
Annual maintenance charges |
For term loan - Not applicable |
Fees and charges of industrial equipment finance
Below are the charges applicable on industrial equipment finance:
Type of fee |
Applicable charges |
Rate of interest |
Up to 14% per annum |
Processing fees |
Up to 2.95% of the loan amount (inclusive of applicable taxes) |
Documentation charges |
Up to Rs. 2,360 (inclusive of applicable taxes) |
Flexi facility charge |
Flexi term loan (Flexi dropline) -
Flexi Hybrid loan –
|
Prepayment charges |
Full prepayment
Part prepayment
|
Annual maintenance charges |
Not applicable |
Bounce charges |
Rs. 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 |
Penal charges |
Delay in payment of instalment(s) shall attract penal charges of Rs. 190 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount |
Stamp duty (as per respective state) |
Payable as per state laws |
Broken period interest/ pre-EMI interest |
Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows: For Term Loan, Hybrid Flexi Loan: BPI amount will be capitalised, i.e added to Principal amount on Due date / Added to first instalment Scenario 2: If Loan is disbursed between 3rd and 10th of the month: |
Legal, repossession and incidental charges |
Recovery of charges |
LC processing fees |
Up to 2.36% of the loan amount (inclusive of applicable taxes) |
Fees and charges of New Commercial Vehicle Loan
Type of fee | Applicable charges |
Rate of interest | 8% - 14% p.a. |
Processing fees | Up to 2.95% of the loan amount (inclusive of applicable taxes) |
Documentation charges | Up to Rs. 2,360 (inclusive of applicable taxes) |
Flexi facility charge | Term Loan: Not applicable. Flexi Term Loan (Flexi Dropline): Up to Rs. 4,999. Flexi Hybrid Loan: • Up to Rs. 3,999 for loan amount from Rs. 1,00,000 to Rs. 19,99,999. • Up to Rs. 6,999 for loan amount from Rs. 20,00,000 to Rs. 39,99,999. • Up to Rs. 8,999 for loan amount from Rs. 40,00,000 to Rs. 59,99,999. • Up to Rs. 9,999 for loan amount of Rs. 60,00,000 and above. Note - The above-mentioned Flexi fee will be deducted upfront from the loan amount. |
Pre-payment charges | Full Pre-payment (Foreclosure) Charges: • Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount payable by the borrower on the date of such full pre-payment. • Hybrid Flexi/Flexi Term Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule, during initial and subsequent tenure on the date of such full pre-payment. Part Pre-payment Charges: • Term Loan: 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 loan variants. |
Annual maintenance charges | Term Loan: Not Applicable. 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 the total withdrawable amount during subsequent tenure. Flexi Term Loan: 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 |
Bounce charges | Rs. 750 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. |
Penal charges | Delay in payment of instalment(s) shall attract penal charges of Rs. 40 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) | Payable as per state laws and deducted upfront from the loan amount. |
Legal and incidental charges | Actual Legal and Incidental charges under applicable law |
Repossession charges | Repossession charges at actuals with a maximum capping of Rs.50,000 (inclusive of applicable taxes) |
Auction charges | Recovery of charges |
Valuation charges | At Actuals |
Stockyard charges | At actuals |
NOC for Interstate Transfer | Rs. 500 (inclusive of applicable taxes) |
Other NOC | Rs. 1,180 (inclusive of applicable taxes) |
Broken period interest/ Pre EMI- interest | "Broken Period Interest/ Pre EMI-Interest" shall mean the amount of interest on the loan for the number of day(s) which is (are): Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the loan Method of recovery of Broken Period Interest/ Pre-EMI Interest:
Scenario 2: Less than a period of 30 (thirty) days from the date of disbursement of the loan, interest on the first instalment will be charged for the actual number of days. |
Loan cancellation charges | Up to Rs. 2,360 (inclusive of applicable taxes) |
Loan cancellation & re-booking charges | Up to Rs. 3,540 (inclusive of applicable taxes) |
Fees and charges of Used Commercial Vehicle Loan
Type of fee | Applicable charges |
Rate of interest | 8.00% - 24% p.a. |
Processing fees | Up to 2.95% of the loan amount (inclusive of applicable taxes) |
Documentation charges | Up to Rs. 2,360 (inclusive of applicable taxes) |
Flexi facility charge | Term Loan: Not applicable. Flexi Term Loan (Flexi Dropline): Up to Rs. 4,999. Flexi Hybrid Loan:
Note - The above-mentioned Flexi fee will be deducted upfront from the loan amount. |
Pre-payment charges | Full Pre-payment (Foreclosure) Charges:
|
Annual maintenance charges | Term Loan: Not Applicable. 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 the total withdrawable amount during subsequent tenure. Flexi Term Loan: 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 |
Bounce charges | Rs. 750 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. |
Penal charges | Delay in payment of instalment(s) shall attract penal charges of up to Rs. 40 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) | Payable as per state laws and deducted upfront from loan amount. |
Legal and incidental charges | Recovery of charges |
Repossession charges | Recovery of charges maximum up to Rs.50,000 (inclusive of applicable taxes) |
Auction charges | Recovery of charges |
Valuation charges | Recovery of charges |
Stockyard charges | Recovery of charges |
NOC for Interstate Transfer | Rs. 500 (inclusive of applicable taxes) |
Other NOC | Rs. 1,180 (inclusive of applicable taxes) |
Broken period interest/ pre-EMI interest | Method of recovery of "Broken period interest/ pre-monthly instalment Interest" would be as follows: EMI date: 2nd Scenario 1: If loan is disbursed on 1th or post 15th of the month: For Term Loan, Flexi Hybrid Loan, Flexi Term Loan (Dropline Flexi): BPI amount will be capitalised, i.e. added to principal amount on due date/ added to first instalment. Scenario 2: If loan is disbursed between 3rd and 15th of the month: First instalment will consist of interest for actual number of days. EMI date: 10th Scenario 1: If loan is disbursed between 1st to 9th or post 15th of the month: For Term Loan, Flexi Hybrid Loan, Flexi Term Loan (Dropline Flexi): BPI amount will be capitalised, i.e. added to principal amount on due date/ added to first instalment. Scenario 2: If loan is disbursed between 11th and 15th of the month: First instalment will consist of interest for actual number of days. EMI date: 15th For Term Loan, Flexi Hybrid Loan, Flexi Term Loan (Dropline Flexi): BPI amount will be capitalised, i.e. added to principal amount on due date/ added to first instalment. |
Loan cancellation charges | Up to Rs. 2,360 (inclusive of applicable taxes) |
Loan cancellation & re-booking charges | Up to Rs. 3,540 (inclusive of applicable taxes) |
Vehicle valuation charges | Up to Rs. 1,500 (Inclusive of applicable taxes) |
Fees and charges of Bill Payment at BFL Branches
Bill payment at BFL branches |
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Customer convenience fees | |
BBPS category* (except FASTag category) |
|
BBPS categories* (FASTag category) |
|
* Charges are inclusive of applicable tax |
|
Platform fees | |
Prepaid recharges** |
|
** Charges are inclusive of applicable tax | |
Customer convenience fees |
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Failed transaction refund management | For failed transactions, total amount including charges and taxes will be reversed to the customer. |
Fees and charges of Prime Home Loan
Type of fee | Applicable charges |
Processing fees | Up to 3.54% of the loan amount (inclusive of applicable taxes) |
Documentation charges | Up to Rs. 9,500 (inclusive of applicable taxes) |
Prepayment charges | Full prepayment
|
Bounce charges | Up to Rs. 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. |
Penal charge | Penal charge is applicable in the following scenarios:
ii) Rs. 500 per day for non-submission of non-critical documents after 120 days of disbursement. Levy from the date when due. |
Stamp duty (as per respective state) | Payable as per state laws |
Broken period interest / Pre-EMI interest | Method of recovery of "Broken period interest/ pre-monthly instalment interest" would be as follows: First instalment will consist of interest for actual number of days. |
Mortgage origination fees | Up to Rs. 6,000 per property (inclusive of applicable taxes) charged upfront *In case of re-valuation of the property then MOF will be levied again and shall be deducted from loan disbursement amount |
Conversion fee (floating to fixed) | Up to 1.18% (inclusive of applicable taxes) of principal outstanding + undisbursed amount (if any) Note:
|
Conversion fee (fixed to floating) | Up to 1.18% (inclusive of applicable taxes) of principal outstanding + undisbursed amount (if any) Note: 3 conversions are permissible throughout the entire tenure. |
Switch fee for ROI change | Up to 2.36% (inclusive of applicable taxes) of principal outstanding |
Cash collection handling charges | Rs. 177 (inclusive of applicable taxes) will be charged if customer opts to make payment in cash when the collection is done by the collection agents. This fee is charged only once per month, regardless of the number of payments made against multiple LANs. |
Cash deposit charges | Customers will incur a cash deposition charge of Rs. 50 (inclusive of applicable taxes) when making cash payments at our branch offices. |
Platform fees | Rs. 11 (inclusive of applicable taxes) will be charged for utilising the payment gateway to make part or full payments towards the loan through digital properties. |
Fees and charges of Lawyer Loan
Type of fee | Applicable charges |
Rate of interest | 10% - 20% per annum |
Processing fee | Up to 2.95% of the loan amount (inclusive of applicable taxes) |
Documentation charges | Up to Rs. 2360 (inclusive of applicable taxes) |
Flexi Facility Charge | Term Loan: Not applicable
*Loan amount includes approved loan amount, insurance premium, and VAS charges. |
Prepayment charges |
|
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:
|
Bounce charges | Rs. 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. |
Broken period interest / Pre EMI-Interest | Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows: Scenario 1: If Loan is disbursed on 1st or post 10th of the month: For Term Loan: BPI amount will be capitalised, i.e added to Principal amount on Due date / Deducted from disbursement For Flexi Loans: BPI amount will be capitalised, i.e added to Principal amount on Due date / Added to first instalment Scenario 2: If Loan is disbursed between 3rd and 10th of the month: First instalment will consist of interest for actual number of days. |
Legal and incidental charges | Recovery of charges |
Penal charge | Delay in payment of instalment(s) shall attract Penal Charge of Rs. 25 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) | Payable as per state laws and deducted upfront from the loan amount |
Instalment default charge | Rs. 450 per month from the first instalment due date for mandates rejected by customers bank until the new mandate is registered. |
Cash collection handling charges | Rs. 177 (inclusive of applicable taxes) will be charged if customer opts to make payment in cash when the collection is done by the collection agents. This fee is charged only once per month, regarLLess of the number of payments made against multiple LANs. |
Cash deposit charges | Customers will incur a cash deposition charge of Rs. 50 (Inclusive of Applicable taxes) when making cash payments at our branch offices. |