As a doctor, you may need financial support to open a clinic, upgrade equipment, or expand your practice. On Bajaj Markets, you can access business loans tailored for medical professionals, making it easier to fund both short-term and long-term goals.

These loans offer amounts of up to ₹80 Lakhs, with repayment periods stretching to 96 months and interest rates starting at 14%. With such flexibility, you can focus on growing your medical practice while managing finances with confidence.

Here are the eligibility criteria you must meet to qualify for a business loan for doctors:

• Must be a citizen of India

• Must be a self-employed doctor

• Age should be between 21 and 60 years

Here are the simple steps to apply for a business loan for doctors, making the process quick, hassle-free, and entirely digital:

1. Click on ‘Apply for Loan’ on this page

2. Fill in your personal, professional, and practice-related details in the application form

3. Choose your preferred loan provider from the available options

4. Enter the loan amount you wish to borrow along with the repayment tenure that suits you

5. Review the information carefully and submit your application online

6. Once approved, the lender will disburse the sanctioned amount directly to your bank account

Here are the most practical ways you can use a business loan to strengthen your medical practice and improve patient care:

Clinic Expansion

Open new branches or expand your existing clinic to serve more patients across different locations.

Medical Equipment Purchase

Invest in advanced diagnostic and treatment equipment to deliver better healthcare services.

Clinic Renovation

Upgrade your clinic with modern interiors and facilities to create a patient-friendly environment.

Working Capital Support

Cover daily expenses like staff salaries, utility bills, and medical supplies to maintain smooth operations.

Hiring Skilled Staff

Recruit qualified doctors, nurses, and administrative staff to improve efficiency and patient experience.

Marketing and Branding

Promote your services through digital and offline campaigns to attract more patients and build trust.

Here are the ways a business loan application and repayment can affect your CIBIL score:

• A lender runs a hard enquiry on your credit profile during application, which may slightly reduce your CIBIL score

• Multiple loan applications within a short period can further lower your score by signalling higher credit risk

• Timely repayment of EMIs improves your CIBIL score by showing responsible credit behaviour

• Missed or delayed payments negatively impact your score and reduce future loan eligibility

• Maintaining a balanced credit mix of secured and unsecured loans helps improve your overall credit profile

• Prepaying your loan in full can reflect positively, but frequent foreclosures may be seen as instability by some lenders

Here are the key factors you should keep in mind before applying for a loan and after receiving the funds:

Before Taking the Loan

• Decide the exact loan amount you need based on your practice requirements and goals

• Compare interest rates across lenders to secure the most cost-effective option

• Choose a repayment tenure and EMI that comfortably fits within your monthly budget

• Keep all required documents, such as KYC, income proofs, and medical qualifications, ready for faster approval

• Check your CIBIL score in advance, as it directly affects both eligibility and interest rates

• Select a lender with a strong reputation and reliable customer service

After Taking the Loan

• Track your cash flow carefully to ensure every EMI is paid on time

• Use the funds strictly for planned purposes to achieve the best results

• Adjust your monthly budget to accommodate loan repayments without financial stress

• Regularly review your financial position and make course corrections if required

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.