Frequently asked questions
Bajaj Finance offers interest rate of up to 20% per annum for loan against shares. The final interest rate will depend on the types of shares and value of shares being pledged.
Apart from that there are other fees applicable. Common fees include processing fees, part-prepayment fee, foreclosure charges and many more. These fees are typically charged upfront or deducted from the loan amount and can add to the total cost of the loan.
Yes, Bajaj Finance charges a processing fee of up to 4.72% (inclusive of applicable taxes) on loan against shares.
The fees and charges associated with loan against shares are mentioned above. It's important to carefully consider the interest rate and any fees associated with a loan before accepting it to understand the full cost of borrowing and ensure that the terms are reasonable and affordable.
Opening a loan against shares account through the Bajaj Finserv App with respect to individual borrowers and which is subject to successful KYC completion
For easy and smooth onboarding, we recommend keeping the below documents handy:
- PAN card
- Proof of identity and address (Aadhaar, Passport, Driving license, Voter ID, etc.)
- Demat holding statement
Bajaj Finance Limited offers convenient repayment and tenure options, with the minimum duration starting from 7 days for a loan against shares. The maximum tenure can extend up to to 36 months.
It's unlikely to get a loan against shares at a zero-interest rate. Most financial institutions charge interest on such loans. Bajaj Finance, for example, offers loans against shares with interest rates of up to 20% per annum. Interest rates may vary among lenders, but zero interest loans in this context are rare.
Bajaj Finance charges a fee of up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment.
Yes, Bajaj Finance charges a fee of up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of such part-prepayment.