Business Loan for Doctors

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.

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

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:

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.