Fees and charges
The following charges are applicable on personal loans and business loans for doctors:
Types of fees |
Charges applicable |
Rate of interest |
10% to 20% p.a (Inclusive of Insurance Premium, VAS Charges, Documentation Charges, Flexi fees and Processing Fees) |
Processing fee |
Up to 2.95% (Inclusive of applicable taxes) of the loan amount* *Loan amount is inclusive of Insurance Premium, VAS Charges, Documentation Charges and Flexi Fees. |
| Flexi Fee | Term Loan – Not applicable Flexi variant (as applicable below) Rs. 1,999 (Inclusive of applicable taxes) for loan amount up to Rs. 1,99,999/- Rs. 3,999 (Inclusive of applicable taxes) for loan amount >=2 Lacs & < 4 Lacs Rs. 5,999 (Inclusive of applicable taxes) foe the loan amount is >=4 Lacs & < 6 Lacs Rs. 6,999 (Inclusive of applicable taxes) for the loan amount is >= 6 Lacs & < 10 Lacs Rs. 7,999 (Inclusive of applicable taxes) for the loan amount is >=10 Lacs |
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 monthly instalment/ EMI. |
Document processing charges |
Rs. 2,360 (incl. taxes) |
Bounce charges |
Rs. 1,500 |
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/ additional maintenance charges
Loan variant |
Charges |
Flexi Term Loan (Flexi Dropline) |
0.295% (Inclusive of applicable taxes) of the Total Withdrawable Amount (as per the repayment schedule) on the date of levy of such charges. |
Flexi Hybrid loan |
0.59% (Inclusive of applicable taxes) of the Total Withdrawable Amount during Initial Tenure. 0.295% (Inclusive of applicable taxes) of Total Withdrawable Amount during Subsequent Tenure. |
Foreclosure charges
Loan variant |
Charges |
Loan (term loan/ advance EMI/ step-up structured monthly instalment/ step-down structured monthly instalment) |
4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment |
Flexi Term loan |
4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment |
Flexi Hybrid loan |
4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment |
Part-prepayment charges
Borrower type |
Time period |
Charges |
Not applicable if the borrower is an individual and the loan is availed on the floating interest rate and not applicable for Flexi Term/ Hybrid Flexi variants |
More than 1 month from the date of loan disbursal. |
4.72% (Inclusive of applicable taxes) of principal amount outstanding Not Applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi |
Mandate rejection service charge*: Rs. 450 (inclusive of applicable taxes)
*Charges will be levied if the new mandate form is not registered within 30 days from the date of rejection of the previous mandate form by the customer’s bank for any reasons whatsoever.
Whether it is a personal loan, business loan, or a loan against property, as a doctor, you can secure affordable financing from Bajaj Finserv. With economical processing fees and loan charges, your borrowing remains cost-effective. You can part-prepay or foreclose your loan against little to no extra charge to save on interest. To obtain the best interest rates, maintain a high CIBIL score of 750 or more.
The applicable charges depend on the type of loan taken. We levy no hidden charges, so read the loan agreement to assess the total cost of borrowing. You can save on costs for loan statements, interest certificates, and more by downloading them from My Account.
Conditions apply
