Charges
What you pay on a loan against mutual funds, listed by lender.
Standard charges
Type of fee
Charges applicable
Interest rate
9.89% to 11% per annum
Processing fee
₹1,649 + 18% GST or maximum 4.72% of the loan amount, whichever is lower
Prepayment charges
Full pre-payment
Sanction amount up-to Rs. 5 Cr – Nil.
Sanction amounts greater than Rs. 5 Cr – Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment.
Part pre-payment
Sanction amount Up-to 5 Cr – Nil.
Sanction amount greater than 5 Cr – Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part pre-payment.
Note: If the primary borrower is an individual or Micro & Small Enterprises (MSEs) with or without a co-borrower and the loan is availed on floating rate of interest, then there will be no foreclosure/part-prepayment Charges applicable, irrespective of the source of funds used for pre-payment of loans, either in part or in full, and without any minimum lock-in period.
Annual maintenance charges/ renewal fee
Up to 1.18% (inclusive of applicable taxes) on the sanctioned amount
Brokerage charges*
As applicable at actuals
Pledge confirmation charges
Up to Rs. 59 per ISIN (Inclusive of Applicable Taxes)
Pledge invocation charges
0.02% (Minimum Rs. 65 and Maximum Rs.1186) (Inclusive of Applicable Taxes) + Stamp duty as applicable by the depository participant
Demat share transfer charges (post invocation)
0.02% (Minimum Rs. 65 and Maximum Rs. 1186) (Inclusive of Applicable Taxes)
Lien charges
Up to Rs.590 per request (inclusive of applicable taxes)
Un-lien charges
Up to Rs.590 per request (inclusive of applicable taxes)
Contingent charges
These apply only if you miss or delay a repayment.
Type of fee
Charges applicable
Penal charge
Delay in payment of instalment(s) shall attract penal charge at the rate of 18% per annum per installment from the respective due date until the date of receipt of the full instalment(s) amount.
Bounce charges
“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 the payment mandate or non-registration of the payment mandate or any other reason.
Rs. 1200/- per bounce.
Legal charges
Recovery of charges
*Charges levied by Broker to BFL and the same is being passed on to the clients.
Bajaj Finance Ltd publishes its full schedule at bajajfinserv.in/loan-against-mutual-funds-processing-fees-and-interest-rates.
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