Bajaj Finserv Doctor Loan

Know more about the Bajaj Finserv Doctor Loan available on Bajaj Markets

Doctor Loan ✓ Loan of up to ₹80 Lakhs ✓ Quick Disbursal ✓ Minimal Documentation Check Offer

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

Bajaj Finserv Doctor Loan interest rates and charges are as follows:

Fees & Charges	Particulars
Interest Rate	11%  - 19%
Processing Fee	Up to 2.95% (Inclusive of Taxes)
Pre-payment charges	Full Pre-payment Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment Flexi Term Loan (Flexi Dropline): Up to 4.72% (Inclusive of applicable taxes) of the dropline limit as per the repayment schedule as on the date of full prepayment. Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) of the dropline limit as per the repayment schedule as on the date of full prepayment. Part Pre-payment Term Loan: Up to 4.72% (Inclusive of applicable taxes) of principal loan amount prepaid on the date of such part pre-payment Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid Term Loan
Penal Charge	Delay in payment of instalment(s) shall attract Penal Charge at the rate of 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.
Legal & Incidental Charges	Recovery of charges
Type of Loan	Unsecured Professional loans is offered in below mentioned 3 variants: a) Term Loan: The loan type offers two repayment options: fixed monthly payments for the full term or up to 24 months of interest-only payments, followed by interest and principal payments. b) Flexi Term Loan (Flexi Dropline): Variant having monthly repayments of interest and principal depending on the usage of the loan. The customer can withdraw and deposit the funds as per his utilization in loan account. The facility to withdraw funds reduces as per the amortization chart for fixed loan tenure. c) Flexi Hybrid Term Loan: Flexi Hybrid Loan refers to the variant of Loan under which, the monthly instalments will be payable as follows: Initial Loan tenure (Interest servicing period): Monthly Instalments of the initial term of the Flexi Hybrid Term Loan, commencing from the date of disbursement of the Loan, shall comprise only of the interest component. Subsequent Loan Tenure (Full Installment servicing period): Monthly Instalment shall comprise of principal amount and the interest component payable on the Loan (Subsequent loan tenure shall commence from the expiry of the Initial loan tenure).
Cheque Bounce Charges	₹1500/- per bounce. “Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason
AMC (Annual Maintenance Charges)	Term Loan: Not Applicable
	Flexi Term Loan (Flexi Dropline): Up to 0.295 % (Inclusive of applicable taxes) of the Total Withdrawable Amount (as per the repayment schedule) on the date of levy of such charges.
	Flexi Hybrid Loan: Up to 0.59% (inclusive of applicable taxes) of the total withdrawable amount during initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable Amount during subsequent tenure.
Flexi Facility Charge	Term Loan: Not applicable
	Flexi Term Loan (Flexi Dropline)- Up to ₹999/-
	Flexi Hybrid Loan (as applicable below): Up to ₹1,999/- (inclusive of applicable taxes) for loan amount less than ₹2,00,000/- Up to ₹3,999/- (inclusive of applicable taxes) for loan amount from ₹2,00,000/- to ₹3,99,999/- Up to ₹5,999/- (inclusive of applicable taxes) for the loan amount from ₹4,00,000/- to ₹5,99,999/- Up to ₹6,999/- (inclusive of applicable taxes) for the loan amount from ₹6,00,000/- to ₹9,99,999/ - Up to ₹7,999/- (inclusive of applicable taxes) for the loan amount of ₹10,00,000/- and above *The Flexi charges above will be deducted upfront from the loan amount.

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

Bajaj Finserv Doctor Loan EMI Calculator

Loan Amount

Tenure

Rate of Interest

Your Monthly Doctor Loan EMI

Principal Amount

Total Interest

Total Amount Payable

Amortization Schedule

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Year	Payable Amount	Principal	Interest	Balance

Features and Benefits

High Loan Amount

Get a loan amount of up to ₹80 Lakhs and fulfil all your professional requirements

Affordable Interest Rates

Benefit from low interest rates starting from 11% p.a. and save on overall repayment costs

Quick Online Application

Enjoy expedited approval, verification, and processing to meet your urgent needs with ease

Zero Collateral Requirement

Secure the loan without having to pledge your assets as collateral

Minimal Documentation

Submit your address proof, ID proof, and degree certificate to apply for a doctor loan online

Flexible Repayment Tenures

Choose from tenures ranging up to 96 months on the basis of your repayment capacity and financial obligations

No Hidden Costs

Get a loan for doctors with complete transparency and no hidden costs

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

Eligibility Criteria and Documents Required

The Bajaj Finserv Doctor Loan eligibility criteria are as follows:

You must be above 22 years
You must not be above 70 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 statementsBank 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.

How to Apply

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.

Disclaimer

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.

Can an MBBS doctor get a doctor loan from Bajaj Finance?

Yes, doctors with an MBBS degree can secure this loan, provided they meet the eligibility criteria set by Bajaj Finance.

What is the minimum CIBIL score required for this doctor loan?

You should have a CIBIL score of at least 720 to be eligible for a doctor loan from Bajaj Finance.

What is the maximum amount I can borrow through this doctor loan?

You can secure amounts of up to ₹50 Lakhs by applying for this loan for doctors on Bajaj Markets. However, please note that the amount offered to you depends on your eligibility for the loan and the lender’s policies.

What can I use this doctor loan for?

You can purchase state-of-the-art medical equipment and software or even renovate your nursing home/clinic with the help of this loan. Furthermore, you can use the borrowed amount for working capital requirements and to upskill your staff.