Are GST and other taxes included in Doctor Loan charges?

No, GST and applicable taxes are charged separately and added to the defined fee structure.

Do you refund the processing fee if the loan is rejected?

The processing fee is only applicable if your loan is sanctioned.

Is there any prepayment or foreclosure charge on a Doctor Loan?

Foreclosure charges of 5% + GST apply on Doctor Loan. There are no part prepayment charges.

What are the typical fees and charges associated with a Doctor Loan?

Doctor Loans may include processing fees, facilitation fees, EMI bounce charges, annual maintenance charges, foreclosure fees, and applicable taxes.

What is the processing fee for a Doctor Loan?

Processing fees can be up to 3% of the sanctioned loan amount plus applicable taxes.

Is insurance mandatory with Doctor Loans?

Loan insurance is not mandatory, but may be recommended to safeguard repayment in case of unforeseen circumstances.

How can I reduce the total charges on a Doctor Loan?

Maintain a strong credit score, opt for longer tenures if needed and avoid EMI bounces.

What happens if my EMI bounces?

You may be charged a bounce fee starting from ₹500 to ₹2,000 based on the loan amount.

Do Doctor Loans have late payment penalties?

Yes, late EMI payments attract a 2% per month penalty on the overdue amount.

Are there any hidden charges in Doctor Loans?

L&T Finance maintains transparency in all the fees and charges. There are no hidden charges applicable to your loan.

Doctor Loan Fees & Charges - Complete Guide for Doctors

Doctor Loan Fees and Charges: Know All Costs Before You Apply

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.

What Are the Fees & Charges for Doctor Loans?

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.

Doctor Loan Fees and Charges Table

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
Facilitation Fee:	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
Foreclosure Charges:	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