The invention discloses a testing device for bearing dynamic characteristic parameters. The testing device for the bearing dynamic characteristic parameters is composed of an instrument and equipment system, and a testing device. The instrument and equipment system comprises a data collector, a signal conditioning instrument, a power amplifier, a digital indicator, a vibration exciter, an impedance head, a piezoelectricity accelerating speed sensor, and an electronic computer. The testing device comprises an iron cast platform, a mounting base plate, a bearing seat, a bearing sleeve, a bearing, a mandrel, a shaft end nut, a pre-tightening nut, a rubber spring, an axial loading device, a radial loading device, a pre-tightening device, a bracket, an elastic rope and the like. The testing device for the bearing dynamic characteristic parameters is compact in structure and clear in test principle, the loading devices are infinitely adjustable, and the testing devices can measure the bearing dynamic characteristic parameters under load condition of different axial force, radial force, pre-loading force and the like. When measurement is conducted, vibration force direction penetrates through mandrel axis to measure vibration signals of an inner ring and an outer ring of the bearing at same time, affect from vibration signals of the bearing outer ring is eliminated when a displacement frequency response function is calculated, and the testing method is high in efficiency, precision, and stability.