Fees and charges for loan against securities
| The following charges are applicable on loan against securities: | |
| Types of fees | Charges applicable |
| Interest Rate | Up to 20% |
| Processing Fees | Up to 4.72% of the loan amount (Inclusive of applicable taxes) |
| Part Pre-payment Charges | Up to 4.72% (Inclusive of applicable taxes) on the outstanding amount paid as on the date of part pre-payment |
| Annual Maintenance Charges | Not applicable |
| Bounce charges | Rs. 1,200 per bounce |
| Penal Interest | Any delay in payment of monthly instalment shall attract penal interest at the rate of 3% per month on the monthly instalment outstanding, from the date of default until the receipt of monthly instalment. |
| Stamp Duty | Payable as per state laws and deducted upfront from loan amount |
| Brokerage charges* | As applicable |
| DP charges** | As applicable |
| Foreclosure Charges | Up to 4.72% (Inclusive of applicable taxes) on the outstanding amount paid as on the date of full pre-payment |
| Pledge confirmation charges* | As applicable |
| Pledge innovation charges* | As applicable |
| Demat share transfer charges (post invocation) | 0.024% + flat Rs. 5.9/- (inclusive of applicable charges) or Rs. 64.9/- whichever is minimum |
*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 |
|
Frequently asked questions
With an easy and convenient online process, you can get a loan up to Rs. 1,000 crore (Customers can get up to Rs. 5 crore online, whereas Rs. 1,000 crore is the maximum loan amount Bajaj Finserv offers offline, subject to eligibility and BFL board approval for an amount above Rs. 350 crore) depending on your security value at Bajaj Finance. You need minimum financial documents to avail of a loan against securities, mutual funds, fixed maturity plans, equity shares or Demat shares with us.
Yes, you can choose to foreclose your loan anytime you want after paying the interest and principal loan amount. There are no foreclosure charges levied on the customer.
The interest rate differs from lender to lender. At Bajaj Finance Limited, you can avail of a loan against securities up to Rs. 1,000 crore (Customers can get up to Rs. 5 crore online, whereas Rs. 1,000 crore is the maximum loan amount Bajaj Finserv offers offline, subject to eligibility and BFL board approval for an amount above Rs. 350 crore) at an interest rate up to 20% along with applicable taxes per annum, depending on the loan amount and tenor chosen.
You can repay the loan along with the due interest through RTGS/ NEFT/ cheque during the loan tenor. You can also repay the loan by logging into our customer portal - My Account.
