Doctor Loan Interest Rate

Doctor loan interest rates & charges

Bajaj Finserv offers an affordable rate of interest on Loan for Doctors. 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% p.a.
Processing fee	Up to 2.5% 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	2% per month
Bounce Charges	Up to Rs. 3000 per bounce (inclusive of applicable taxes)
Document processing charges	Rs. 1449 + applicable taxes

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	0.5% plus applicable taxes of the total withdrawable amount during initial tenure. 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.

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	2% per month
Bounce charges	Rs. 2000 inclusive of taxes
Document processing charges	Rs. 1449 + applicable taxes
Property insightt	Rs.6999 inclusive of applicable taxes

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 tenure. 0.25% of the current Flexi Term Loan amount + applicable taxes during subsequent tenure

Foreclosure charges

Loan Variant	Applicable Charges
Loan (Term loan/advance EMI/ step-up structured monthly instalment/ step-down structured monthly instalment	If the loan is foreclosed before 12 months from the date of the sanction of the loan - 6% + applicable taxes on the outstanding loan amount payable by the Borrower on the date of such full Pre-Payment. If the loan is foreclosed after 12 months from the date of the sanction of the loan – 4% + applicable taxes on the outstanding loan amount payable by the Borrower on the date of such full Pre-Payment.
Flexi Term Loan	If the loan is foreclosed before 12 months from the date of the sanction of the loan – 6% + applicable taxes of the Total Withdrawable Amount as per the repayment schedule, on the date of such full Pre-Payment. If the loan is foreclosed after 12 months from the date of the sanction of the 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	If the loan is foreclosed before 12 months from the date of the sanction of the loan – 6% + applicable taxes of the Total Withdrawable Amount as per the repayment schedule, on the date of such full Pre-Payment. If the loan is foreclosed after 12 months from the date of the sanction of the 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	Foreclosure 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.