Applicable fees and charges
| FEES AND CHARGES | |
| Types of fees | Charges applicable |
| Rate of interest | 11 - 19 per annum |
| Processing fee | Up to 2.95% of the loan amount (inclusive of applicable taxes) |
| Flexi Facility Charge | Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Up to Rs. 999/- (inclusive of applicable taxes) Flexi Hybrid Term Loan (as applicable below) - a fee will be deducted upfront from the loan amount: • Up to Rs. 1,999/- (inclusive of applicable taxes) for loan amount less than Rs. 2,00,000/- • Up to Rs. 3,999/- (inclusive of applicable taxes) for loan amount from Rs. 2,00,000/- to Rs. 3,99,999/- • Up to Rs. 5,999/- (inclusive of applicable taxes) for the loan amount from Rs. 4,00,000/- to Rs. 5,99,999/- • Up to Rs. 6,999/- (inclusive of applicable taxes) for the loan amount from Rs. 6,00,000/- to Rs. 9,99,999/- • Up to Rs. 7,999/- (inclusive of applicable taxes) for the loan amount of Rs. 10,00,000/- and above * The above Flexi facility charges will be deducted upfront from the loan amount. *Loan amount includes approved loan amount, insurance premium and VAS charges. |
| Prepayment charges | Full prepayment Foreclosure can be processed post clearance of first EMIs • Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full such prepayment |
| Annual maintenance charges | Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Term Loan: Up to 0.590% (inclusive of applicable taxes) of the Dropline limit during initial loan tenor. Up to 0.295% (inclusive of applicable taxes) of Dropline limit during subsequent loan tenor. |
| Bounce charges |
Rs. 1,500 per bounce. “Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason. |
| Penal charge | Delay in payment of instalment(s) shall attract Penal Charge at the rate of 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
| Stamp duty (as per respective state) |
Payable as per state laws and deducted upfront from the loan amount |
| Legal and incidental charges | Recovery for charges |
| Principal Holiday Facility Fees | Principal Holiday (as applicable below) - The above mentioned Principal Holiday Facility Fees charges are inclusive of applicable taxes. The above principal holiday facility fees will be deducted upfront from loan amount. Loan amount includes approved loan amount, Insurance Premium and VAS Charges. |
How to apply for a doctor loan
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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 Up to 4.72% (inclusive of applicable taxes) on the part-prepayment amount made.
The penalty charged when you miss in payment of EMI is called a bounce charge. Bajaj Finance charges Rs. 1,500 per bounce, for every EMI missed. Also delay in the payment of monthly instalment shall attract penal interest at the rate of 36% per annum applicable on the monthly instalment outstanding, from the respective due date until the date of receipt of monthly instalment.
You can get a Bajaj Finserv Personal Loan for Doctors at a competitive interest rate between 11% and 19% p.a.
