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Medical Equipment Finance fees and charges

Read the fees and charges in detail before applying for our medical equipment finance.

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Frequently asked questions

What is the processing fee for medical equipment finance?

The processing fee for a Bajaj Finserv Medical Equipment Finance may go up to 2.95% of the loan amount (inclusive of applicable taxes).

Is there a charge applicable on part-prepayments?

Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment. Not Applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi

What does bounce charge mean?

Bounce charge is the fee incurred in case of a missed EMI payment.

We charge Rs. 1,500 per bounce for every EMI missed. 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 the monthly instalment/ EMI.

What is the interest rate for medical equipment finance?

You can get a Bajaj Finserv Medical Equipment Finance at a competitive interest rate of up to 14% per annum.

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