Whether you're looking to start your own clinic, buy new surgical equipment or hire new staff, come to us and get a professional loan or business loan for doctors. With benefits that include nominal annual charges and flexible repayment structures, allow us to assist you in achieving your goals.
Why Business Loan for Doctors from Finserv MARKETS
Features and Benefits of Business Loan for Doctors
-
Instant Loans
Whatever your need be, get a business loan for doctor online of up to Rs. 30 Lakhs.
-
Exclusive Offerings
We offer tailor-made online professional loan for doctors to meet all your financial requirements.
-
Zero Collateral
No need for a guarantor when you apply for a Bajaj Finserv pre-approved loan for doctor. We trust you.
-
Range of Tenure
With repayment tenures ranging from 12-60 months, choose a short term or long-term Bajaj Finserv pre-approved loan for doctor as per your needs.
-
Value Added Services
Get easy access to your Financial Fitness Report and protect your business loan for doctor liability with customized insurance plans.
Hybrid Flexi Business Loan
Planning to open your own hospital and in urgent need of funds? We present you Hybrid Flexi Business Loan - the new way to fund your dreams. Enjoy principal holiday tenure, flexible part-payments and unlimited withdrawals! Find out more about our Hybrid Flexi Business Loan and how you can benefit from it, right here.
How to Apply for Business Loan for Doctors
Follow the steps below and get money in your bank account within 24 hours:
.jpg)
Business Loan for Doctors: Eligibility & Documents
- You must be a citizen of India.
- You must be a self-employed doctor.
- Self-employed doctors between ages 25 - 65 are eligible and can apply for a Doctor Loan.
- Aadhar Card/Passport/Driving License.
- PAN Card.
- Qualification Degree
Business Loan for Doctors
Looking to expand your services to a new location or set-up a new one? Get a professional loan for Doctors for up to Rs. 30 lakhs and enjoy benefits like minimal documentation and a range of payment tenures.
As a doctor, you are in a noble profession of saving lives and it is quite natural that you would aim for better career prospects. However, to expand your business and make your services reach everyone, it is critical to have a strong financial support. We, at Finserv MARKETS, provide you with every kind of financial assistance that you need to achieve your dreams.
If you are a self-employed doctor, planning to scale newer heights in your profession, you can safely rely on us for custom-made business loans. Whether you want finance for further specialization, train your staff, install new software, or purchase a new clinic, Finserv MARKETS here to help you with everything. You can enjoy loans up to INR 30 lakhs backed by online processing and easy repayment facilities. Whether your business is small or large, our business loans for doctors can cater to all your needs and requirements.
The specifications as per your specialization are:
Type of specialization |
Requirement |
Super-specialist doctors (DM/MD/MS) |
No minimum experience required |
MBBS (Graduate Doctors) |
At least two years of work experience after qualification is required |
Dentists (MDS/BDS) |
At least five years of work experience after qualification is required |
Homeopathic and Ayurvedic Doctors: BAMS/BHMS |
At least six years of work experience after qualification is required. Additionally, such doctors must have a clinic or house of their own. |
Homeopathic Doctors: DHMS |
At least 15 years of work experience after qualification is required. In addition, these doctors must have their own clinic or house. |
Following are the interest rates and charges involved for business loan for doctor:
Charges |
Business Loan for Doctors |
Interest rate |
14-16% p.a. onwards |
Processing fees |
Up to 2% of the loan amount |
Bounce charges |
INR 1,000 Per bounce + Applicable taxes |
Penal interest |
2% per month on overdue EMI + applicable taxes |
Outstation collection charges |
|
Part-prepayment charges |
N.A. |
Interest and principal statement charges |
N.A. |
Apply for Business Loan for Doctors at Finserv MARKETS in few easy steps
- Guide to SME Financing
- Benefits of Taking A Business Loan
- Business Loan Schemes For Women In India
- Types of Business Loans You Can Go For in 2019
- How does Doctor Loans Eligibility work?
- Important Business Loan Terms
- Your Guide to Small Business Loan
- How can aadhar card help in taking a business loan
- Checklist - for a Business Loan
- Your Guide to Business Loans
- Why is Your Personal Credit Score Part of a Business Loan Decision?
- Ways To Reduce Interest Rate On Small Business Loan
- Eligibility Criteria for Mudra Loan
- Applying for a Mudra Loan
Frequently Asked Questions on Business Loan for Doctors
-
✔️Why should I avail of a Doctor Loan online?
Taking a Doctor Loan online on Finserv MARKETS is fast, secure, hassle-free and transparent. It will save you a lot of time and effort.
-
✔️Why should I choose you for my Doctor Loan?
Through our online process, you can avail of a Bajaj Finserv pre-approved loan from the comfort of your home. No paperwork or agents, and it's super secure. You can choose from a variety of exclusive loan products which suits your need. -
✔️Do I have to provide any security, collateral or guarantors when applying for a Bajaj Finserv pre-approved loan?
No, we don't ask for any kind of security or guarantee. -
✔️Can I carry out the Bajaj Finserv lending application process in a conventional manner offline?
Sorry, we only have an online presence and recommend online transactions for quick processing and convenience. -
✔️Do you offer balance transfer facility for Doctor Loan?
We don’t have the facility of balance transfer for Doctor Loan. -
✔️How secure is my information when I provide it during the Bajaj Finserv lending process?
All your sensitive information like personal/financial information is encrypted and safeguarded with our best in class security systems. We don't share your information with any marketing agencies or any 3rd party without your consent. -
✔️What are the basic professional loan eligibility criteria for Doctors?
You can apply for a professional loan if: 1. You do a Private Practice or consult 2. You are between 25-65 years of age.
-
✔️Can I avail of a Doctor Loan if I am an NRI?
We are sorry. We currently serve only Indian residents. -
✔️What is the minimum and maximum tenure that I can avail of?
You can avail of a Doctor Loan for a tenure ranging from 1 year to 5 years (with annual renewal option for interest servicing loan). -
✔️Is there a minimum limit on part payment?
There is no minimum limit on part payment in case of Hybrid Flexi loan but there is a minimum limit of one EMI for part payment in case of Term Loan.
-
✔️When can I make the part-payment?
You can make part-payments at any time after paying the first EMI of a Term Loan. -
✔️How many times can I make a part-payment?
There is no limit to the number of part payments in Hybrid Flexi and in Term Loan. However, a maximum of 6 - part payments can be made in a year. -
✔️When can I foreclose my loan?
You can foreclose your loan after paying your first EMI. -
✔️How will a part-payment change your EMI and/or tenure?
Part payment paid will be adjusted to the principal amount which results in a reduced monthly interest in case of Hybrid Flexi. For Term Loan, you can keep the EMI same and reduce the tenor or you can keep the tenor same and increase the EMI. -
✔️How much amount can I withdraw on my Term Loan?
Sorry, the withdrawal facility is not available on a Term Loan. -
✔️Why do Flexi Hybrid Loans have a higher interest rate than Term Loans?
You can actually save on interest payments even though the base rate is marginally higher than a Term Loan. The innovative customer friendly features that come with Hybrid Flexi allows you flexibility and control on your loan repayment which can help you minimize the interest you pay. In case of any fund requirements, you can always withdraw from the part payments with funds instantly credited to your bank account. -
✔️What documents do I need to submit to avail a Doctor Loan?
You provide us with the digital copies of all your documents. Usually, for a personal loan/line you would need to provide proof of identity, proof of current address, proof of qualification, SPDC and a cancelled cheque. -
✔️How do I check my Doctor Loan eligibility?
You can visit our Eligibility Calculator section for a quick check on your eligibility for a Doctor Loan. -
✔️Why do I need to provide my bank account credentials while applying?
We fetch your last 1 - month bank statement directly from your bank thus saving you the trouble of uploading the documents. -
✔️Can I get a loan anywhere in India? What is the maximum loan amount that I can get?
We are present in 35 major cities in India. You can avail of a loan of up to Rs.25 lakhs subject to your eligibility. -
✔️What are my EMI dates? Can I change them?
You can schedule your EMI payment date as the 2nd or 5th of every month. You may change your EMI dates after paying a nominal fee. -
✔️How can I change my tenure?
You can change your tenure by making part payments. -
✔️What is the loan processing fee?
2% of the loan amount is charged as Processing Fee. This fee is deducted from the loan amount. -
✔️What are the part-payment charges?
There are no part-payment charges on Hybrid Flexi Loans. Term Loans come with a 2% part-payment fee. -
✔️What are the foreclosure charges?
We charge you 4% of the outstanding principal as foreclosure charges. -
✔️Are there any annual maintenance charges for Hybrid Flexi loan?
0.25% on loan amount. -
✔️Are there any other hidden charges?
No. We commit 100% transparency to you at Finserv MARKETS. There are no hidden charges at all. -
✔️What are the EMI bounce charges?
We charge Rs. 1,000 per bounce for your Doctor Loan repayments. -
✔️What are the penal charges for my Doctor Loan?
We charge 2% per month on overdue amount. -
✔️What happens if my EMI payment bounces?
It is advised that you maintain sufficient funds in your account for clearing loan EMIs regularly. However, in case of an EMI bounce we would be charging bounce charges of Rs. 1,000 per bounce. You could also attract penal charges on further delay in paying the EMI which can impact your credit score. -
✔️How do I get my loan foreclosure letter?
The foreclosure letter can be downloaded by logging in to our Customer Portal. -
✔️How do I make a loan part-payment?
Login to our Customer Portal and go to make part-payment. -
✔️How can I foreclose my loan?
Login to our Customer Portal and go to foreclose your loan. -
✔️How do I pay my EMIs?
Your EMIs will be auto deducted from your bank account via automatic ECS instruction. -
✔️What is the procedure to withdraw out of part payments made?
Log in to our Customer Portal and select the additional withdrawals tab. -
✔️Where will I get the disbursed loan amount?
The loan amount will be credited directly to your bank account. -
✔️What is ECS-mandate?
ECS is an electronic mode of funds transfer from one bank account to another. You need to inform your bank and provide a mandate that authorizes the institution, who can then debit or credit the payments through the bank. The mandate contains details of your bank branch and account particulars. -
✔️How do I track the status of my online application?
Login to our Customer Portal to track the status of your application. -
✔️How can I make my overdue payments?
You can pay your overdue EMIs online through the Customer Portal. This facility is offered to customers who have Net Banking activated for their Bank account. -
✔️How long does it take for the part-payment or withdrawal to reflect in the statement of account?
The part-payment or withdrawal will reflect in your statement within 30 minutes. -
✔️Where can I view my EMI status?
You can view and also download your Statement of Account or Repayment Schedule on Customer Portal. Click here to login to the Customer Portal. Alternatively, your statement of account will be forwarded to your registered email ID every month. -
✔️How can I get my loan account statement?
You can view and also download your Statement of Account or Repayment Schedule on Customer Portal. Alternatively, your statement of account will be forwarded to your registered email ID every month. -
✔️Where can I view my outstanding loan amount?
You can view and also download your Statement of Account or Repayment Schedule on Customer Portal. -
✔️Where can I access my loan documents?
Scanned copies of your loan documents are available on the Customer Portal.
