Doctor Loan Interest Rate

Doctor Loan: Interest Rates and Charges

Bajaj Finserv offers an affordable rate of interest on a loan for doctors. Read more about our doctor loan interest rate in India and applicable charges below.

Types of Fees	Charges Applicable
Rate of interest	14 to 17% p.a.
Processing fee	Up to 2 % of the loan amount (plus applicable taxes)
Document/statement charges Statement of account/repayment schedule/foreclosure letter/No Dues Certificate/interest certificate/list of documents	Download your e-statements/letters/certificates at no extra cost by logging into customer portal – Experia. You can get a physical copy of your statements/letters/certificates/list of documents from any of our branches at a charge of Rs.50/- (inclusive of taxes) per statement/letter/certificate.
Penal interest	Any delay in payment of monthly instalment/EMI shall attract penal interest at the rate of 2% per month on the monthly instalment/EMI outstanding, from the date of default until the receipt of monthly instalment/EMI.
Bounce charges	Up to Rs.3000 per bounce (inclusive of applicable taxes)
Document processing charges	Rs.2000 + applicable taxes
Stamp Duty	At actuals. (as per State)

Annual/Additional Maintenance Charges

Loan Variant	Applicable Charges
Loan (Term Loan/Advance EMI/Step-up Structured Monthly Instalment/Step-Down Structured Monthly Instalment)	4% + applicable taxes on the outstanding loan amount payable by the borrower on the date of such full pre-payment.
Flexi Term Loan	4% + applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment.
Flexi Dropline Loan	4% + applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment.

Foreclosure Charges

Loan Variant	Charges
Loan (Term Loan/Advance EMI/Step-up Structured Monthly Instalment/Step-down Structured Monthly Instalment)	4% + applicable taxes on the outstanding loan amount payable by the borrower on the date of such full pre-payment
Flexi Term Loan	4% plus applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment.
Flexi Hybrid Loan	4% plus applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment.

Part-Prepayment Charges

Borrower Type	Time Period	Part- Prepayment Charges
Not applicable if the borrower is an individual and the loan is availed on floating interest rate and not applicable for Flexi Term Loan/Hybrid Flexi variant	More than 1 month from date of loan disbursal.	2% + applicable taxes on part-payment amount paid.

The following fees and charges are applicable on a loan against property for doctors:

Types of Fees	Charges Applicable
Rate of interest	12.5 % p.a. onwards
Processing fee	Up to 2% of the loan amount (plus applicable taxes)
Document/statement charges Statement of account/repayment schedule/foreclosure letter/No Dues Certificate/interest certificate/list of documents	Download your e-statements/letters/certificates at no extra cost by logging into customer portal – Experia. You can get a physical copy of your statements/letters/certificates/list of documents from any of our branches at a charge of Rs.50/- (inclusive of taxes) per statement/letter/certificate.
Penal interest	Any delay in payment of monthly instalment/EMI shall attract penal interest at the rate of 2% per month on the monthly instalment/EMI outstanding, from the date of default until the receipt of monthly instalment/EMI.
Bounce charges	Rs.2000 inclusive of taxes
Document processing charges	Rs.2000 plus applicable taxes
Property insight	Rs.6999 inclusive of applicable taxes
Stamp Duty	At actuals. (as per State)

Annual/Additional Maintenance Charges

Details	Charges
Flexi Term Loan	0.25% of the current Flexi Term Loan amount + applicable taxes (as per the repayment schedule) on the date of levy of such charges
Flexi Dropline Loan	0.5% of the loan amount + applicable taxes during initial tenor 0.25% of the current Flexi Term Loan amount + applicable taxes during subsequent tenor

Foreclosure Charges

Loan Variant	Applicable Charges
Loan (Term Loan/Advance EMI/Step-up Structured Monthly Instalment/Step-down Structured Monthly Instalment)	4% + applicable taxes on the outstanding loan amount payable by the Borrower on the date of such full Pre-Payment.
Flexi Term Loan	4% + applicable taxes of the Total Withdrawable Amount as per the repayment schedule, on the date of such full Pre-Payment.
Flexi Dropline Loan	4% + applicable taxes of the Total Withdrawable Amount as per the repayment schedule, on the date of such full Pre-Payment

Part-Prepayment Charges

Borrower Type	Time Period	Part- Prepayment Charges
Not applicable if the borrower is an individual and the loan is availed on floating interest rate and not applicable for Flexi Term Loan/Hybrid Flexi variant	More than 1 month from date of loan disbursal.	2% + applicable taxes on part-payment amount paid.

Rejection mandate charge:

Mandate rejection service charge*: Rs 450 (inclusive of applicable taxes)

*Charges will be levied if new mandate form is not registered within 30 days from the date of rejection of previous mandate form by customer’s bank for any reasons whatsoever.

Note: Additional cess will be applicable on all charges in accordance with the state specific laws.