The invention discloses a waste chip collecting device for hinge bolt machining. The waste chip collecting device specifically comprises a main body, a dust suction rake, first baffles, a collecting cavity and a collecting box, wherein universal wheels are mounted on two sides of one end of the bottom of the main body, pressure bearing wheels are fixed to the bottom of one end, away from the universal wheels, of the two sides of the main body, clamping blocks are mounted at the bottom, close to one ends of the universal wheels, of the main body, the dust suction rake is fixed to the clamping blocks, clamps are mounted on the two sides, far away from one end of the main body, of the dust suction rake, and a handle is arranged at the middle position, close to one end of the clamps, of the dust suction rake. Electromagnets are embedded into the inner wall of the collecting cavity of the waste chip collecting device for hinge bolt machining, and scrap iron can be adsorbed by the electromagnets when the waste chip collecting device is electrified, so that dust and the scape iron can be classified and collected; and the scrap iron can slide along the inner wall of the collecting cavity when the waste chip collecting device is powered off, so that the scrap iron is more convenient to collect compared with traditional magnet adsorption.