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Doctor Loan Interest Rate

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Doctor Loan Interest Rates & Charges

Bajaj Finserv offers the lowest doctor loan rate of interest. Read more about our doctor loan interest rate and charges below.

The following fees and charges are applicable on a Personal Loan and Business Loan for Doctors:

Types of Fees Charges Applicable
Rate of interest 14-16%
Processing fee Up to 2% of the loan amount
Statement Of Account/ Repayment Schedule/ Foreclosure Letter charge. Download your e-statements at no extra cost by logging into Customer Portal – Experia.
You can get a physical copy of your e-statements from any of our branches at a charge of Rs. 250/- (inclusive of taxes) per statement per account.
Penal interest 2% per month + applicable taxes
Bounce Charges Upto Rs. 3000 per bounce (Inclusive of applicable taxes)
Document processing charges Rs. 1449 + applicable taxes
Outstation Collection Charges Rs. 65 + applicable taxes per repayment instrument

The following fees and charges are applicable on a Home Loan for Doctors:

Types of Fees Charges Applicable
Rate of interest 8.50% to 9% p.a
Processing fee Up to 1%
Statement Of Account/ Repayment Schedule/ Foreclosure Letter charge. Download your e-statements at no extra cost by logging into Customer Portal – Experia.
You can get a physical copy of your e-statements from any of our branches at a charge of Rs. 250/- (inclusive of taxes) per statement per account.
Penal interest 2% per month + applicable taxes
EMI bounce charges Rs. 3000 per bounce (Inclusive of applicable taxes)
Document processing charges Rs. 1449 + applicable taxes
Outstation Collection Charges Rs. 65 + applicable taxes per repayment instrument

The following fees and charges are applicable on a Loan Against Property for Doctors:

Types of Fees Charges Applicable
Rate of interest 9.50% to 11% p.a
Processing fee Up to 1%
Statement Of Account/ Repayment Schedule/ Foreclosure Letter charge. Download your e-statements at no extra cost by logging into Customer Portal – Experia.
You can get a physical copy of your e-statements from any of our branches at a charge of Rs. 250/- (inclusive of taxes) per statement per account.
Penal interest 2% per month + applicable taxes
EMI bounce charges Rs. 3000 per bounce (Inclusive of applicable taxes)
Document processing charges Rs. 1449 + applicable taxes
Outstation Collection Charges Rs. 65 + applicable taxes per repayment instrument

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 Hybrid Loan 0.5% of the loan amount + applicable taxes during initial tenure. 0.25% of the current Flexi Term Loan amount + applicable taxes during Subsequent Tenure

Foreclosure Charges

Details Full Pre-Payment Charges
Loan (Term Loan/Advance EMI/ Step-Up Structured Monthly Instalment/ Step-Down Structured Monthly Installment 4% on the Loan amount + Applicable taxes outstanding as on the date of such full Pre-Payment
Flexi Term Loan 4% on the current Flexi Term Loan amount + Applicable taxes (as per the repayment schedule) on the date of levy of such charges
Flexi Hybrid Loan 4%+aplicable taxes on the Loan amount during Initial Tenure. 4% +aplicable taxes on the current Flexi Term Loan amount during Subsequent Tenure

Part-Prepayment Charges

Borrower Type Time Period Foreclosure Charges
Not applicable if the Borrower is an Individual and the Loan is availed on floating interest rate 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.

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