> >

Engineer Loan Fees And Charges

Quick apply

Just 60 seconds to apply

Please enter your first and last name
Enter 10-digit mobile number
Please enter your email id
Please enter your valid PAN card number

I authorize Bajaj Finserv representative to call /SMS towards this application and other products/services. This consent overrides my registration for DNC/NDNC. T&C

Thank you

Engineer Loan - Fees & Charges

Salaried and self-employed engineers can get a Loan for Engineers by paying the following basic fees and charges:

Types of Fees Charges Applicable
Interest rate 14 to 16% for salaried individuals
16 to 19% for self-employed individuals
Processing fee 2% onwards of the loan amount

Statement of Account/ Repayment Schedule/Foreclosure Letter/No Dues Certificate/Interest Certificate/List of documents

Recently Updated

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.
Bounce charges Upto 3000 (Inclusive of applicable taxes)
Penal interest (Applicable in case of non-payment of monthly instalment on/before the due date) 2% per month
Document processing charges Rs. 1,449 + applicable taxes
Outstation collection charges Rs. 65 + applicable taxes per repayment instrument

Annual/Additional Maintenance Charges

Details Annual/Additional Maintenance 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

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 Dropline Loan 4% on the Loan amount* + applicable taxes during initial tenor 4% on the current Flexi Term Loan amount plus applicable taxes* during subsequent tenor

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 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.

Newly Introduced

4 Ways in which engineer loans can help you take your business to the next level?

People Also Considered

Flexi Loan

Withdraw when you need, prepay when you can

Business Loan People Considered Image

Business Loan

Loan up to Rs. 32 lakhs, to help your business grow


EMI Network

Get everything you need on easy and affordable EMIs

Home Loan People Considered Image

Home Loan

High top up amount on Balance Transfer