Bajaj Finance Doctor Loan

Know more about the Bajaj Finance 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 Finance Doctor Loan interest rates and charges are as follows:

Fees & Charges	Particulars
Interest Rate	11%  - 19% per annum
Processing Fee	Up to 2.95% of the loan amount (inclusive of applicable taxes)
Pre-payment charges	Full prepayment Term Loan: Up to 4.72% (inclusive of applicable taxes) of the outstanding loan amount as on the date of full prepayment Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment Part prepayment Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part prepayment Not applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid Loan
Penal Interest	Delay in payment of monthly instalment shall attract penal interest at the rate of 36% per month on the monthly instalment outstanding, from the respective due date until the date of receipt of the monthly instalment.
Stamp Duty	Payable as per state laws and deducted upfront from the loan amount
Broken period interest/ pre-EMI interest	Broken period interest/ pre-EMI interest shall mean the amount of interest on loan for the number of day(s), which is(are) charged in two scenarios: Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, broken period interest is recovered by the following methods: For Term Loan: Deducted from the loan disbursement For Flexi Term Loan: Added to the first instalment For Flexi Hybrid Loan: Added to the first instalment Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, interest is charged only for the actual number of days since the loan was disbursed.
Cheque Bounce Charges	In case of default of repayment instrument, ₹1,500 per bounce will be levied.
Switch Fee	Up to 1.18% of the loan amount (inclusive of applicable taxes) (Switch fee is applicable only in case of switch of loan. In switch cases, processing fees and documentation charges will not be applicable.)
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 0.590% (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/-
	Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Up to ₹999/- (inclusive of applicable taxes) 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 Facility charges above will be deducted upfront from the loan amount Loan amount includes approved loan amount, insurance premium, VAS charges.
Principal Holiday Facility Fees	Hybrid Term Loan: 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 Above charges are inclusive of applicable taxes & will be deducted upfront from loan amount (Loan amount includes approved loan amount, Insurance Premium & VAS Charges)
Mandate Rejection Charges	₹450 per month from the first month of due date for mandate rejected by customer’s bank until the new mandate is registered
Cooling Period	Cooling off/Look-up period of one day from the date of disbursement applicable for all digital loans (as per company policy on Cooling off period)
Legal & Incidental Charges	Recovery of charges

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

Bajaj Finance Doctor Loan EMI Calculator

Loan Amount

Tenure

Rate of Interest

Your Monthly Doctor Loan EMI

Principal Amount

Total Interest

Total Amount Payable

Amortization Schedule

Download

Year	Payable Amount	Principal	Interest	Balance

Features and Benefits

High Loan Amount

Get a loan amount ranging from ₹2 Lakhs 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 from 12 months 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 Finance 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 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.