Doctor Loan ✓ Loan of up to ₹45 Lakhs ✓ Quick Disbursal ✓ Minimal Documentation Check Eligibility

Fees and Charges

Here are the interest rates, processing fees for a doctor loan and other applicable charges on Bajaj Markets:

Types of Fees

Applicable Charges

Interest Rate

14% p.a. – 17% p.a.

Processing Fees

Up to 2% of the loan amount + applicable taxes

Foreclosure Charges

4% of the outstanding loan amount + applicable taxes

Penal Interest

2% per month, along with applicable taxes

Cheque Bounce Charges

₹3,000 per bounce, along with applicable taxes

Disclaimer: The above-mentioned values are subject to change as per the policies of the lender.

FAQs and Support

What is the repayment period of a doctor loan?

The tenure generally ranges from 1 year to 7 years or more, depending on the lender. On Bajaj Markets, you can get up to 7 years to repay your doctor loan.

How is the interest amount on a doctor loan calculated?

The interest charged on a doctor loan is calculated based on the loan amount, interest rate, and loan tenure.

What are the factors that affect doctor loan interest rates?

Some factors that affect doctor loan interest rates are your income, work experience and your credit score. Market conditions and your relationship with the lender also have an impact on the interest rates offered to you.

Do doctor loans have lower interest rates?

Doctor loans may have lower interest rates than other unsecured loans. This is because, lenders consider doctors to be low-risk borrowers as they have a steady income and a high repayment capacity.

What is the processing fee for doctor loans?

On Bajaj Markets, the processing charges for doctor loans are about 2%.

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