Apply Online for Business Loan for Doctors | Easy Process | Minimum Documentation  Apply Now

As a practising doctor, you need funds to manage several expenses. One financing solution that you can rely on for these expenses is a business loan designed especially for doctors. With a business loan for doctors, you can:

  • Start your own clinic 

  • Buy new surgical/other equipment 

  • Hire new staff 

  • Expand your practice

  • Invest in patient management software


You can easily apply for a business loan tailor-made for doctors at Bajaj Markets. With affordable interest rates and flexible repayment tenures, you can meet your requirements without any hassles.


To make informed decisions about small business loans for doctors, take a look at their charges, features, eligibility criteria and more.

Business Loan for Doctors - Interest Rates & Charges

The interest rate on medical practice business loans, along with the processing fee and a few other charges, are as follows:

Interest Rate

Starting at 14%

Processing Fee

Up to 2% of the loan amount

Bounce Charges

₹3,000 (Inclusive of applicable taxes)

Penal Interest

2% per month on the outstanding amount from the date of default until the date of receipt 

Outstation Collection Charges

₹65 + GST

Prepayment Charges

  • Term Loan: 4% plus applicable taxes on the outstanding loan amount payable on the date of full prepayment

  • Flexi Loan: 4% plus applicable taxes of the total withdrawable amount as per the repayment schedule on the date of such full prepayment

Part-payment Charges

  • Term Loan: 2% plus applicable taxes on the part-prepay amount 

  • Flexi Hybrid Loan: Nil 

Annual Maintenance Charges

  • Term Loan: Nil

  • Flexi Hybrid loan: 0.25% plus applicable taxes

Disclaimer: The above rates and charges are subject to change as per the terms and policies of the financial institution 

Features and Benefits of Business Loans for Doctors

High Loan Amount

Access funding of up to ₹50 Lakhs, and meet big-ticket expenses effortlessly.

Instant Approval and Disbursal

Get instant approval and disbursement with medical practice business loans on Bajaj Markets.

No Collateral Required

These business loans for physicians do not require any collateral from your end to get financing.

Flexible tenure

Conveniently repay small business loans for doctors by choosing a tenure going up to 60 months.

Value-Added Services

Get numerous value-added benefits with unsecured loans for doctors from top lenders. These can include easy access to financial fitness reports, online loan management platforms, and more.

Business Loan for Doctors - Eligibility Criteria

There are two types of eligibility criteria that you need to fulfil to be eligible for a business loan for doctors. First, meet basic eligibility terms, such as:

  • Nationality: You must be a citizen of India

  • Occupation: You must be a self-employed doctor

  • Age: Your age must be between 25 and 65 years


The second set of eligibility criteria includes work experience-related requirements depending upon your specialisation. The following table illustrates these conditions:

Type of Specialisation


Super-specialist doctors (DM/MD/MS)

No minimum experience required

MBBS (Graduate Doctors)

At least two years of work experience after graduation

Dentists (MDS/BDS)

At least five years of work experience after graduation

Homoeopathic and Ayurvedic Doctors (BAMS/BHMS)

At least six years of work experience after graduation; additionally, such doctors must have a clinic or space of their own

Homoeopathic Doctors (DHMS)

At least 15 years of work experience after graduation; in addition, these doctors must have a clinic or space of their own

Keep in mind that the above eligibility criteria for a business loan for doctors may vary depending on the lender you choose. So, check the specific requirements before applying to boost your chances of approval. 

Documents Required for a Business Loan for Doctors

Lenders ask for certain documents to verify the information you provide. While this varies across lenders, there are some general documents you will need to submit for a business loan for physicians. These are:

  • Identity Proof

    1. Aadhaar Card 

    2. Voter ID Card 

    3. PAN Card 

    4. Passport 

  • Address Proof

    1. Aadhaar Card 

    2. Passport 

    3. Voter Card 

    4. Driving licence 

    5. Utility bills 

    6. Rent agreement

  • Proof of Income: Income tax return certificate

  • Qualification Degree: A valid medical degree that authorises you to practise as a doctor in India

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Doctor’s Business Loan EMI Calculator

Before you apply for business loan for physicians, you must have an estimate of the monthly repayment amount. You can use the business loan EMI calculator on Bajaj Markets to get an idea of the EMI for your doctor’s business loan.

Remember, your loan EMI depends upon the following factors:

  • Loan Amount: The higher the loan amount, the higher the EMI amount

  • Loan Tenure: The EMIs are spread throughout the tenure, and as such, a longer tenure would mean a lower EMI amount and vice versa

  • Rate of Interest: A higher interest rate means a higher repayment amount and, therefore, a higher EMI


The formula used for calculating the EMI of a loan is: E = P*r*(1+r)^n/((1+r)^n-1)


  • E refers to the EMI amount

  • P refers to the principal loan amount

  • r refers to the rate of interest

  • n refers to the tenure or duration of the loan


While you can use the above formula for manual calculations of your EMI, it can be time-consuming. Moreover, with manual calculations come a higher possibility of making errors, which could result in inaccurate planning. 


However, with an EMI calculator, you avoid all this and get accurate results quickly. Use it to plan repayment before you apply for financing, so you can expand your practice stress-free.

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How to Apply for a Business Loan for Doctors?

Applying for a business loan for doctors on Bajaj Markets is simple and easy. All you need to do is follow the steps mentioned below:

  • Step 1: Click on ‘APPLY NOW’ on this page 

  • Step 2: Enter the required details (profession, name, PAN, etc.)

  • Step 3: Click on ‘CHECK YOUR OFFER’

  • Step 4: Choose an offer that works for you

  • Step 5: Complete and submit the application 

On approval, you will get the sanctioned amount in your account within 24 hours. Remember that you will need to schedule an appointment with the lender’s representative to collect the documents. After this, the lender will process your application.

FAQs on Business Loans for Doctors

Doctors can easily apply for business loans tailor-made for their needs at  Bajaj Markets at affordable interest rates.

Doctors can get a business loan of up to ₹50 Lakhs at Bajaj Markets.

Any self-employed medical practitioner authorised to practise as a doctor in India can apply for a business loan for physicians. The approval of the loan, however, is subject to fulfilment of the eligibility criteria and the lender’s policy.

On Bajaj Markets, doctors who will be 65 years at the end of tenure can apply for a business loan. For example, if you are 60 years old and want to take a loan for 5 years, you are eligible. But, if you are 61, you may not get a tenure of 5 years. Also, remember that the approval is at the lender’s sole discretion.

Yes, homoeopathic and ayurvedic doctors can also apply for a business loan.

Yes, a small processing fee is usually applicable on business loans for doctors. The fee is different for different lenders. If you apply for a doctor’s loan on Bajaj Markets, there will be a processing fee of around 2% of the loan amount.

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