Home Loan for Doctors: Overview
Bajaj Housing Finance offers Home Loans for doctors, starting as low as 7.30%* p.a. With this credit solution, professionals not only enjoy the features that come with our Home Loan but also benefit from tailored offerings.
What’s more, you can repay the loan amount comfortably by choosing a tenure of up to 32 years. Apply now and get your loan amount disbursed in as little as 48 Hours* from approval.
Home Loan for Doctors: Fees and Charges
The fees and charges applicable are given below:
Other Fees and Charges
| TYPE OF FEE | CHARGES APPLICABLE |
|---|---|
| Processing Fee | Up to 4% of the loan amount + GST as applicable |
| EMI Bounce Charges | Refer to the table provided below for the full break-up |
| Penal Charges | Click here to know about the penal charges |
Bounce Charge (break-up):
| Loan Amount | Charges |
|---|---|
| Up to Rs.15 Lakh | Rs.500 |
| More than Rs.15 Lakh and up to Rs.30 Lakh | Rs.500 |
| More than Rs.30 Lakh and up to Rs.50 Lakh | Rs.1,000 |
| More than Rs.50 Lakh and up to Rs.1 Crore | Rs.1,000 |
| More than Rs.1 Crore and up to Rs.5 Crore | Rs.3,000 |
| More than Rs.5 Crore and up to Rs.10 Crore | Rs.3,000 |
| More than Rs.10 Crore | Rs.10,000 |
Home Loan for Doctors: Prepayment and Foreclosure Charges
a. Individual borrowers with Home Loans linked to floating interest rates: NIL
b. Fixed rate loans (all borrowers, including individuals)**
| Particulars | Term Loan | Flexi Term Loan | Flexi Hybrid Loan |
|---|---|---|---|
| Time Period (in months) | >1 | >1 | >1 |
| Part Prepayment Charges | 4%* on Part Payment Amount | NIL | NIL |
| Full Prepayment Charges | 4%* on Principal Outstanding | 4%* on the available Flexi Loan Limit | 4%* on Sanctioned Amount during Flexi Interest Only Loan Repayment Tenure; and Up to 4%*on the available Flexi Loan Limit during Flexi Term Loan Tenure |
*GST as applicable will be payable by the borrower in addition to the Prepayment Charges.
**Nil for Home Loans closed by borrowers out of their own sources. Own sources refer to any source, other than borrowing from a bank/NBFC/HFC and/or a financial institution.
Note: In case of Dual Rate Loans (fixed for initial period and then floating), the Foreclosure / Part-payment charges will be applicable as per the status (fixed/floating) of the loan as on Foreclosure / Part-payment day.
Note: For more details regarding the applicable fees and charges, click here.
