Secured Business Loan fees and charges

Read the fees and charges in detail before applying for our secured business loan.

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Applicable fees and charges

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

Flexi term loan (Flexi dropline) (as applicable below) –

  • Up to Rs. 999 (inclusive of applicable taxes) for loan amount less than Rs. 10,00,000.
  • Up to Rs. 999 (inclusive of applicable taxes) for loan amount between Rs. 10,00,000 and Rs. 14,99,999.
  • Up to Rs. 999 (inclusive of applicable taxes) for loan amount between Rs. 15,00,000 and Rs. 24,99,999.
  • Up to Rs. 1,999 (inclusive of applicable taxes) for loan amount between Rs. 25,00,000 and Rs. 49,99,999.
  • Up to Rs. 2,999 (inclusive of applicable taxes) for loan amount between Rs. 50,00,000 and Rs. 74,99,999.
  • Up to Rs. 2,999 (inclusive of applicable taxes) for loan amount Rs. 75,00,000 and above.

Flexi Hybrid loan (as applicable below) –

  • Up to Rs. 5,499 (inclusive of applicable taxes) for loan amount less than Rs. 10,00,000.
  • Up to Rs. 6,999 (inclusive of applicable taxes) for loan amount between Rs. 10,00,000 and Rs. 14,99,999.
  • Up to Rs. 9,999 (inclusive of applicable taxes) for loan amount between Rs. 15,00,000 and Rs. 24,99,999.
  • Up to Rs. 11,999 (inclusive of applicable taxes) for loan amount between Rs. 25,00,000 and Rs. 49,99,999.
  • Up to Rs. 13,999 (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 Rs. 75,00,000 and above.

Note –

  1. The above flexi facility charges will be deducted upfront from the loan amount.
  2. The loan amount includes the approved loan amount, insurance premium, VAS charges, and documentation charges.
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): Not applicable
Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial loan tenure. Not applicable during the 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
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
For Quick disbursal process: 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.
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.
Legal charges Recovery of charges
Repossession and incidental charges Recovery of charges

Secured business loan application process

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Step-by-step guide to applying for a secured business loan

  1. Click on the ‘APPLY' button on this page.
  2. Enter your first name, last name, PIN code, 10-digit mobile number, and OTP.
  3. Fill in the application form with your details, such as your date of birth and employment type.
  4. Select the type of loan you want (loan against property, or loan against property balance transfer), enter the amount, and the PIN code of your property to be pledged. 
  5. Once you fill in all the details, click on ‘SUBMIT’ to finish your application.

Our representative will guide you on the next steps.

Frequently asked questions

What is the processing fee for a secured business loan?

The processing fee for a Bajaj Finserv Secured Business Loan is up to 3.54% of the loan amount, inclusive of applicable taxes.

Is there a charge applicable on part-prepayments?
  • Up to 4.72% (inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.
  • Not Applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi.
What does bounce charge mean?

Bounce charge is the fee you have to pay if you miss an EMI payment.

We charge Rs. 1,500 per bounce, for every EMI missed.

“Bounce charges” shall mean charges for 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.
Delay in payment of instalment(s) shall attract Penal Charge of Rs. 36 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

What is the interest rate for a secured business loan?

You can get a Bajaj Finserv Secured Business Loan with a competitive interest rate ranging from 10% to 26% p.a.

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