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the Annual Maintenance charges and foreclosure charge of Bajajfinserv
11 months ago
the Annual Maintenance charges and foreclosure charges clarification for the loan account number P400PXXX231366
A.Dear Client
Annual maintenance charge is levied by FI for availing Debit card/credit card/EMI card etc.
Foreclosure charges is levied for closing of loan account before tenure.
Both the clause of deduction is mentioned in the loan agreement and the application form of DC/CC/EMI cards.
Annual maintenance charge is levied by FI for availing Debit card/credit card/EMI card etc.
Foreclosure charges is levied for closing of loan account before tenure.
Both the clause of deduction is mentioned in the loan agreement and the application form of DC/CC/EMI cards.
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A.Good evening!
The details provided are insufficient to provide any specific legal advice. Regardless, I assume you are asking about the general annual maintenance charges and foreclosure charges of Bajaj Finserv. According to their official website and general policy, if you opt for a personal loan, the annual maintenance charge will be 0.295% (Inclusive of applicable taxes) on the total withdrawable amount. The foreclosure charges regardless of whether you opted for a fixed or a floating interest rate, if you have already paid 1 month's EMI and wish to foreclose your loan by paying the entire amount in one go, you may be subject to a nominal charge plus applicable taxes on outstanding principal.
The details provided are insufficient to provide any specific legal advice. Regardless, I assume you are asking about the general annual maintenance charges and foreclosure charges of Bajaj Finserv. According to their official website and general policy, if you opt for a personal loan, the annual maintenance charge will be 0.295% (Inclusive of applicable taxes) on the total withdrawable amount. The foreclosure charges regardless of whether you opted for a fixed or a floating interest rate, if you have already paid 1 month's EMI and wish to foreclose your loan by paying the entire amount in one go, you may be subject to a nominal charge plus applicable taxes on outstanding principal.
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