Also known as ‘Business Loan for doctors’, this is a loan for Consultants and Practicing Doctors working in a government / private clinic or a hospital. If you’re looking to expand your scale of operations to provide better service and treatment facilities, this Medical Loan for Doctors in India by Bajaj Finserv is something that ties together multiple benefits along with quick approvals and a low rate of interest.

Doctor Loan Fees and Charges:

Types of fees

Charges applicable

Rate of interest

14- 16%

Processing fees

2% of the loan amount for Self Employed/ salaried/ consultant

Loan statement charges

NIL

Interest & principle statement charges

NIL

PDC swap charges

NIL

EMI bounce charges

Rs.1000 for every bounce

Penal interest

2.00% p.m

Secure fee

Rs. 2999/-

*Applicable following 1st EMI clearance.

 

Foreclosure Charges

Borrower Type: Interest Type

Time Period (Months)

Foreclosure charges

Individual: Floating rate

>1

Nil

Non-Individual: Floating rate & All borrowers: Fixed rate

>1

4% plus applicable taxes

  • For Term Loan on principal outstanding
  • For Line of credit (Flexi Pure) Charges will be calculated on sanctioned limit
  • For Flexi Saver (Dropline Flexi) charges will be calculated on current Dropline limit

 

Part prepayment charges

Borrower Type: Interest Type Time Period (Months) Part payment charges
Individual: Floating rate >1 Nil
Non-Individual: Floating rate & All borrowers: Fixed rate >1 2% plus applicable taxes on part payment amount paid
  • Part payment made should be more than 1 EMI.
  • Charges not applicable for Line of credit (Flexi Pure) & Flexi Saver (Dropline Flexi)