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Mar 11, 2026 | 4 mins read
Doctor Loans are a popular choice for medical professionals looking to expand their practice, upgrade equipment, or manage clinic operations. However, before applying, it is important to understand the Doctor Loan fees and charges in India. These charges directly impact your total cost of borrowing and can vary based on the loan amount, tenure, and the lending institution’s policies. Whether you are a general practitioner or a specialist, knowing the Doctor Loan interest rate, processing fees, and other applicable costs ensures transparent borrowing and better financial planning.
Understanding all fees related to a Doctor Loan is essential for effective cost planning. Charges can include processing fees, foreclosure charges, late payment penalties, and more. These may differ depending on whether you opt for a fixed or overdraft facility, and the total sanctioned amount. Knowing your complete cost upfront helps you avoid surprises later. Use a Doctor Loan EMI calculator to compare different scenarios based on tenure, interest rate, and loan amount.
List of all fees and charges for Charted Accountant Loan
| Type | Interest Rate and Charges |
|---|---|
| Charge type -Small Medium Enterprise (SME) Dropline Over Draft (OD)/ Hybrid Over Draft (OD) | Details |
| Processing Fee: | Up to 3% on sanctioned amount + applicable taxes |
| Facilitation Fee: | For loans with Sanction up to Rs. 25 lakhs - Rs.5,000/- + applicable taxes |
| For loans with Sanction above Rs. 25 lakhs – Rs.10,000/- + applicable taxes | |
| EMI Dishonour/Bounce Charge* *A bounce charge is a charge for (i) dishonour of any repayment 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 | As shown in the table below |
| Loan sanction amount (in INR) | Charges in (in INR) |
| < ₹ 5 Lakh | ₹ 500 |
| ₹ 5 Lakh - ₹ 50 Lakh | ₹ 1000 |
| > ₹ 50 Lakh – ₹ 2 Crore | ₹ 1500 |
| > ₹ 2 Crore | ₹ 2000 |
| Late Payment Charges (LPC)/ Penal Charges: | 2% (p.m.) on EMI overdue |
| *LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec'23 | |
| *Taxes applicable on LPC w.e.f. 1st Apr'24 | |
| Part Prepayment Charges: | NIL, Part - prepayment of Loan will not amount to limit reduction. |
| Annual Maintenance Charges (AMC): | 0.5% + GST if applicable, on the Dropline limit starting on the 13th Instalment and every anniversary thereafter |
| Annual Maintenance Charges (AMC) (for Hybrid Overdraft) | No upfront charges/Zero charges at the time of disbursement for the Hybrid Limit. 0.5% + GST (if applicable), on the Hybrid Limit as on the 13th Instalment & every anniversary thereafter |
| Annual Maintenance Charges (AMC): | 0.5% + GST if applicable, on the Dropline limit starting on the 13th Instalment and every anniversary thereafter |
| Foreclosure Charges: | Foreclosure not allowed till 6 months from Disbursement: After 6 months of disbursement: 5% + GST if applicable on Dropline/ Hybrid limit amount on the date of such foreclosure |
| Prior to 6 months of disbursement: 6% + GST if applicable on Dropline/ Hybrid limit amount on the date of such foreclosure | |
| Repayment instrument Swap Charges (per swap) | Rs.500/- + applicable taxes (applicable only for branch walk-ins) |
| Statement or document retrieval charges Nil for digital copy. | Nil for digital copy. |
| Charge for paper copy is Rs.1000/- +GST per | |
| statement/letter/certificate. | |
| Legal fees and charges | Up to Rs.50,000/- + applicable taxes |
| Recovery charges | Up to Rs.15000/- + applicable taxes |
| Field collection service charge | Rs.500/- per collection + applicable taxes |
Apply for Doctor Loan with these steps
1. Apply Online
Click on the "Apply Now" button in the Doctor Loan section and fill in the form with your personal details and loan requirement
2. Get in Touch
Our loan representative will contact you and share available loan offers and collect required documents
3. Eligibility and Document check
Our representative will check your eligibility and verify your documents before processing the loan
4. Get Loan Disbursement
Get your loan amount directly in your bank account, ensuring fast and seamless access to funds
No, GST and applicable taxes are charged separately and added to the defined fee structure.
The processing fee is only applicable if your loan is sanctioned.
Foreclosure charges of 5% + GST apply on Doctor Loan. There are no part prepayment charges.
Doctor Loans may include processing fees, facilitation fees, EMI bounce charges, annual maintenance charges, foreclosure fees, and applicable taxes.
Processing fees can be up to 3% of the sanctioned loan amount plus applicable taxes.
Loan insurance is not mandatory, but may be recommended to safeguard repayment in case of unforeseen circumstances.
Maintain a strong credit score, opt for longer tenures if needed and avoid EMI bounces.
You may be charged a bounce fee starting from ₹ 500 to ₹ 2,000 based on the loan amount.
Yes, late EMI payments attract a 2% per month* penalty on the overdue amount.
L&T Finance maintains transparency in all the fees and charges. There are no hidden charges applicable to your loan.
बिज़नेस क्या है? अर्थ, बिज़नेस के प्रकार, बिज़नेस का साइज़ और उदाहरण
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