Fees and charges for CA Loan
(Inclusive of applicable taxes) of Total Withdrawable Amount during Subsequent Tenure.Get a Bajaj Finserv Loan for Chartered Accountants at an affordable rate of interest. Read more about the applicable fees and charges below
Types of fees |
Charges applicable |
Interest rate |
10% to 20% p.a (Inclusive of Insurance Premium, VAS Charges, Documentation Charges, Flexi fees and Processing Fees) |
Processing fee |
Up to 2.95% (Inclusive of applicable taxes) of the loan amount* |
| Flexi Fee | Term Loan – Not applicable Flexi variant (as applicable below) Rs. 1,999 (Inclusive of applicable taxes) for loan amount up to Rs. 199,999/- Rs. 3,999 (Inclusive of applicable taxes) for loan amount >=2 Lacs & < 4 Lacs Rs. 5,999 (Inclusive of applicable taxes) foe the loan amount is >=4 Lacs & < 6 Lacs Rs. 6,999 (Inclusive of applicable taxes) for the loan amount is >= 6 Lacs & < 10 Lacs Rs. 7,999 (Inclusive of applicable taxes) for the loan amount is >=10 Lacs |
Bounce charges |
Rs. 1,500 |
Penal interest (applicable in case of non-payment of monthly instalment on/ before the due date) |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 42% p.a on the monthly instalment/ EMI outstanding, from the date of default until the receipt of monthly instalment/ EMI. |
Document processing charges |
Rs. 2,360 + applicable taxes |
Stamp duty |
At actuals. (as per State) |
| Mandate Rejection Charges | Rs. 450/- per month from the first month of due date for mandate rejected by customer’s bank until the new mandate is registered |
Annual/ additional maintenance charges
Loan variant |
Charges |
Flexi term loan (Flexi Dropline) |
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 |
0.59% (Inclusive of applicable taxes) of the Total Withdrawable Amount during Initial Tenure. 0.295% (Inclusive of applicable taxes) of Total Withdrawable Amount during Subsequent Tenure. |
Foreclosure charges
Loan variant |
Charges |
Loan (term loan/ advance EMI/ step-up structured monthly instalment/ step-down structured monthly instalment) |
4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment |
Flexi Term loan |
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 |
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 charges
Borrower type |
Time period |
Charges |
Not applicable if the borrower is an individual and the loan is availed on the floating interest rate and not applicable for Flexi Term/ Hybrid Flexi variants |
More than 1 month from the date of loan disbursal. |
4.72% (Inclusive of applicable taxes) of principal amount outstanding |
| Types of Fees | Charges Applicable |
| Flexi Fee | Term Loan - Not Applicable |
Flexi Variant (as applicable below) |
|
| Rs. 1,999 (Inclusive of applicable taxes) where the total loan amount (including VAS amount / Insurance premium / Upfront Charges or additional fees and charges) is < Rs. 2 Lacs | |
| Rs. 3,999 (Inclusive of applicable taxes) where the total loan amount (including VAS amount / Insurance premium / Upfront Charges or additional fees and charges) is ≥ Rs. 2 Lacs & < Rs. 4 Lacs | |
| Rs. 5,999/- (Inclusive of applicable taxes) where the total loan amount (including VAS amount / Insurance premium / Upfront Charges or additional fees and charges) is ≥ Rs. 4 Lacs & < Rs. 6 Lacs | |
| Rs. 6,999/- (Inclusive of applicable taxes) where the total loan amount (including VAS amount / Insurance premium / Upfront Charges or additional fees and charges) is ≥ Rs. 6 Lacs & < 10 Lacs Will be deducted upfront from the loan amount |
|
| Rs. 7,999/- (Inclusive of applicable taxes) where the total loan amount (including VAS amount / Insurance premium / Upfront Charges or additional fees and charges) is > 10 Lacs |
Mandate rejection service charge*: Rs. 450 (inclusive of applicable taxes)
*Charges will be levied if the new mandate form is not registered within 30 days from the date of rejection of the previous mandate form by the customer’s bank for any reasons whatsoever.
Whether it is a secured or an unsecured loan for chartered accountants, with Bajaj Finserv you are assured of attractive terms. With nominal processing fees and loan charges your borrowing remains budget-friendly. To reduce your net interest payment, you can part-prepay or foreclose your loan against minimal to nil charges. With a CIBIL score of 685 or more, you can secure the best interest rate on your CA loan.
The loan fees and charges apply as per the type of loan you avail. We guarantee zero hidden charges, so make sure to assess the total cost of borrowing by reading the loan agreement. Through our customer portal – Experia you can avail a suite of free services and save on costs by downloading your loan statements and interest certificates instead of seeking physical copies.
*Conditions apply
