Fees and charges
The following charges are applicable on personal loan 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 taxes) |
Document/ statement charges |
Download your e-statements/ letters/ certificates for free from Experia. |
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. 3,000 per bounce (inclusive of taxes) |
Document processing charges |
Up to Rs. 2,000 (plus 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 |
0.25% plus applicable taxes of the total withdrawable amount during the initial tenor. 0.50% plus applicable taxes of the total withdrawable amount during the 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 or a business loan, as a doctor, you can secure affordable financing from Bajaj Finserv. With economical processing fees and loan charges, your borrowing remains cost-effective. To save on interest, you can part-prepay or foreclose your loan against little to no extra charge. To obtain the best interest rates, maintain a high CIBIL score of 750 or more.
The charges applicable 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 our customer portal – Experia.
*Conditions apply
