Interest rate and charges
The following charges are applicable on loan against securities:
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 applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment |
Annual maintenance charges/ Renewal fees |
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.
How to apply for a loan against mutual funds
01:16
Frequently asked questions
Loan against mutual funds with Bajaj Finance is available to customers at an interest rate of up to 20% p.a.
There is a full prepayment charge up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment and there is part-prepayment charge up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment.
Yes, there is a processing fee of up to 4.72% of the loan amount (inclusive of applicable taxes), when applying for a loan against mutual funds. This fee covers the costs associated with processing your loan application. It is important to carefully review the terms and conditions of the loan agreement to understand all fees and charges associated with the loan.
The rate of interest for loan against mutual funds may vary from lender to lender. Ensure you check for precise terms and conditions before borrowing. Bajaj Finance offers loan against mutual funds at an interest rate of up to 20% per annum.
The loan-to-value (LTV) ratio for a loan against mutual funds with Bajaj Finance is up to 90%. The actual LTV ratio may vary depending on the lender and the specific terms and conditions of the loan.
