Fees and charges

The following charges are applicable on personal loans and business loans for doctors:

Types of fees

Charges applicable

Rate of interest

14% - 17% p.a.

Processing fee

Up to 2% of the loan amount (plus applicable taxes)

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.

Document processing charges

Rs. 2,360 + applicable taxes

Bounce charges

Up to Rs. 3,000 (inclusive of applicable taxes)

Stamp duty

At actuals. (as per State)

Mandate Rejection Charges Rs. 450/- (Inclusive of applicable taxes) per month from the first month of due date for mandate rejected by customer’s bank until the new mandate is registered


Annual/ additional maintenance charges

Loan variant

Charges

Flexi Term loan

0.25% plus applicable taxes of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges.

Flexi Hybrid loan

 0.25% to 0.50% plus applicable taxes of the total withdrawable amount during the initial tenor. 0.25% plus applicable taxes of the total withdrawable amount during subsequent tenor.


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

Charges

Not applicable if the borrower is an individual and the loan is availed on the floating interest rate and not applicable for Flexi Term/ Hybrid Flexi variants

More than 1 month from the date of loan disbursal.

2% + applicable taxes on part-payment amount paid.

 

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

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

Whether it is a personal loan, business loan, or a loan against property, as a doctor, you can secure affordable financing from Bajaj Finserv. With economical processing fees and loan charges, your borrowing remains cost-effective. You can part-prepay or foreclose your loan against little to no extra charge to save on interest. To obtain the best interest rates, maintain a high CIBIL score of 750 or more.

The applicable charges depend on the type of loan taken. We levy no hidden charges, so read the loan agreement to assess the total cost of borrowing. You can save on costs for loan statements, interest certificates, and more by downloading them from My Account.

Conditions apply

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