Overview
Commercial Lending business within Bajaj Finserv caters to Corporate client base by offering Term Loan, Lease Rental Discounting and Working Capital products. We specialize in lending to diverse set clients across mid-size corporates with investment grade rating. Dynamic solutions to meet client requirements and superior turn around time are some of the key highlights.
| Types of fees | Charges applicable |
| Rate of interest | Up to 13% per annum |
| Processing fee | Up to 2.36% of the loan amount (inclusive of applicable taxes) |
| Prepayment charges | Full prepayment
Part prepayment
|
| Bounce charges | In case of default of repayment instrument, Rs. 3,000/- per bounce will be levied. |
| Penal interest | For CL Cases - Delay in payment of instalment shall attract penal interest at the rate of up to 6% per annum over and above the normal interest rate. For example, if the normal interest rate is 15%, penalty interest rate would be 15% + 6% = 21% per annum on the instalment outstanding, from the respective due date until the date of receipt of such instalment. For LAS cases – Penalty interest up to 2% per month on the outstanding. |
| Stamp duty | Payable as per state laws and deducted upfront from the loan amount |
| Other charges (Invoice audit charges, legal charges and other incidental charges, TSR/ Valuation/ CERSAI charges) | On actuals (transaction specific) |
| Discounting charges/ upfront interest / front ended interest | Up to 15% per annum. |
Contact Bajaj Finserv for your Corporate Loan requirements
If you are a new customer who is looking for information about the Bajaj Finserv Commercial Lending products, or if you would like to contact us, you can write a mail on: CommercialLendingCOE@bajajfinance.in
