Bajaj Finance Doctor Loan

Get a doctor loan from Bajaj Finance at affordable interest rates starting from just 11% p.a. on Bajaj Markets. You can secure amounts of up to ₹80 Lakhs and repay the loan comfortably over flexible repayment tenures ranging up to 96 months. Furthermore, you can utilise the amount borrowed through this professional loan for doctors to expand your clinic, purchase new equipment, hire more staff, and so on.

Interest Rates and Charges

*Disclaimer: The aforementioned charges are subject to change at the lender’s discretion

The following are some notable features of a loan for medical equipment you need to know before applying for it:

• Larger Amount of Loans: With a medical equipment loan, you can get a loan amount of up to ₹50 Lakhs. With access to a larger amount of funds, equipping your healthcare facility with the latest apparatus becomes easier.
  

• High Loan-to-Value (LTV) Ratio: Medical device loans are secured by the equipment you purchase using the loan amount. These loans come with a high LTV ratio, covering up to 85%-90% of the cost of the equipment.
  

• Low Interest Rates: Since these loans are secured, you also enjoy low interest rates on your borrowing, translating into higher savings. The interest rate on healthcare equipment finance starts from as low as 11% p.a.
  

• Easy Application Process: On Bajaj Markets, easily apply for the loan through a simple digital application process. This speed up the verification and loan approval process, enabling you to get quicker and smoother access to the required funds.
  

• Flexible Loan Tenures: Most lending institutions offer flexible repayment tenures that can go up 96 months

*Disclaimer: Terms and conditions apply to the above-mentioned benefits.

The Bajaj Finance Doctor Loan eligibility criteria are as follows:

• You must be above 21 years

• You must not be above 80 years at the time of loan maturity

• You must be a certified medical practitioner with MBBS/ PG Diploma/ BHMS/ BDS/ MS/ BAMS/ MD/ MDS/ DM/ M.Ch/ DHMS/ DNB/ GAMS or other relevant degree/s

• You should have 1 to 5 years of work experience based on the degree

• You should be an Indian citizen

After meeting the required eligibility terms, you will be required to submit the relevant paperwork for verification. Here are some documents you may be required to furnish when applying for this loan:

1. Identity proof

• Aadhaar card

• Passport

• Voter ID

• Driving licence, etc.

2. Address proof

• Electricity bill

• Telephone bill

• Rent agreement, etc.

3. Income proof: ITR (income tax return) filing and Bank statements 

4. Educational qualification certificate

5. Passport-size photographs

*Bajaj Markets takes no guarantee that your application will be approved, as loan approval is solely at the discretion of the lender.

You can easily apply for this doctor loan online by following these simple steps:

• Click on the ‘Apply Now’ button on this page
• Enter your basic personal details on the online application form
• Choose ‘Bajaj Finance’ from the list of lenders
• Enter the loan amount and preferred repayment tenure
• Submit the form for verification
• Post the review and verification of your loan application, a representative will reach out to you for further proceedings.

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.