Applicable fees and charges
Type of fee |
Applicable charges |
Rate of interest |
11% to 18% p.a. |
Processing fees |
Up to 2.95% of the loan amount (inclusive of applicable taxes). |
Bounce charges |
Rs. 1,500 per bounce. |
Penal interest |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 3.50% per month on the monthly instalment/ EMI outstanding from the date of default until the receipt of the monthly instalment/ EMI. |
Part-prepayment charges* |
4.72% plus applicable taxes on part-payment amount paid. |
Stamp duty |
At actuals (as per state). |
Mandate rejection charges |
Rs. 450 per month from the first month of due date for mandate rejected by customer’s bank until the new mandate is registered. |
Annual maintenance charges | Flexi Loan - 0.295% inclusive of applicable taxes on the total withdrawable amount. Flexi Hybrid Loan – 0.59% inclusive of applicable taxes on the total withdrawable amount during the initial tenure and 0.295% during the subsequent tenure. |
Foreclosure charges | Term loan – 4.72% inclusive of applicable taxes on the principal outstanding amount as on the date of such full prepayment. Flexi Term Loan and Flexi Hybrid Loan - 4.72% inclusive of applicable taxes on total withdrawable amount (total loan amount that you can withdraw under Flexi Term Loan and Flexi Hybrid Loan from time to time as per the repayment schedule on the date of levy of such charges). |
*These charges are not applicable on the Flexi Term Loan and Flexi Hybrid Loan. Moreover, part-prepayment should be more than one EMI.
Frequently asked questions
The processing fee for a Bajaj Finserv Personal Loan for Doctors may go up to 2.95% of the loan amount, inclusive of applicable taxes.
When making a part-prepayment, you must account for a fee of 4.72% plus taxes on the part-prepayment amount made.
The penalty charged when you miss an EMI is called a bounce charge. Bajaj Finserv charges Rs. 1,500 per bounce, for every EMI missed. In case of late payment or EMI(s) default, penal interest will be levied at a rate of 3.50%.
You can get a Bajaj Finserv Personal Loan for Doctors at a competitive interest rate between 11% and 18% p.a.