Fees and charges of medical equipment finance

  • Affordable financing

    Affordable financing

    Fund expensive medical instruments and equipment by getting an attractive interest rate.

  • Lengthy repayment

    Lengthy repayment

    Divide your expenses into small EMIs spread over a tenor of up to 96 months to keep your outgo manageable.

  • Minimal documentation

    Minimal documentation

    Submit your basic documents like your KYC and medical registration certificate to get approval.

  • Personalised offers

    Personalised offers

    Avail of exclusive pre-approved offers to secure instant healthcare equipment financing.

  • Online loan management

    Online loan management

    Manage your healthcare equipment finance loan through our convenient, 24x7 digital customer portal – Experia.

Medical Equipment Loan

Offering quality treatment requires doctors to invest in specialised, top-notch medical equipment. These include machines like ultrasound units, CT scanners, ECGs, X-ray machines, MRIs, angiography machines, scanners, monitors, and more. With a hassle-free medical equipment loan from Bajaj Finserv offering funds up to Rs. 150 lakh, you can easily equip your practice with the best equipment available in the market. Packed with a range of benefits, these healthcare equipment finance loans can be your go-to finance solution when it comes to paying for expensive medical equipment.

You can secure an affordable interest rate and repay the loan over a longer tenor to ensure that your cashflows remain optimal. Obtaining approval is easy as we offer healthcare equipment financing against easy eligibility terms and require basic documentation for verification.

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Fees and charges of medical equipment finance

Bajaj Finserv offers some of the lowest medical equipment loan interest rates. Read more about our fees and charges.

Types of Fees

Charges Applicable

Rate of interest

14% to 17%

Processing fees

2% of the sanctioned loan amount, plus applicable taxes

Stamp Duty payable/ Legal, Repossession and Incidental charges

The actual stamp duty payable and the actual legal and incidental charges under the applicable law(s)

Bounce charges

Rs. 3,000 (inclusive of 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.

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


Prepayment charges and annual maintenance charges

Part Prepayment Charges

Nil

Full Prepayment (Foreclosure) charges

Nil

For Hybrid Flexi loan AMC charges

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


Note: Additional cess will be applicable on all charges in Kerala.

Eligibility criteria for healthcare/ medical equipment finance

Here are the eligibility criteria required to fund your medical equipment purchases:

  • Diagnostic centre
  • Pathology lab centre
  • Individual practice
  • Speciality or super-speciality hospital
  • Nursing home
  • Speciality clinics (like skin and dental clinics)
  • Dialysis centre
  • Endoscopy centre
  • IVF centre

In addition, you need:

  • Minimum two years of business vintage for a loan exceeding Rs. 50 lakh
  • Bank statements of at least six months of an account with a commercial bank that has the majority of your banking transactions

Conditions apply