Doctor Loan ✓ Loan of up to ₹50 Lakhs ✓ Quick Disbursal ✓ Minimal Documentation Apply Now

Get a doctor loan on Bajaj Markets at affordable interest rates starting from 12% p.a. Choose a flexible repayment tenure of up to 84 months and repay in a hassle-free manner. 

 
By opting for a professional loan for doctors, you can expand your clinic, purchase cutting-edge medical equipment, hire staff and much more. On Bajaj Markets, you can get instant approval and financing of up to ₹50 Lakhs once you meet the required eligibility criteria.

Compare Doctor Loans

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Bajaj Finance Limited

12% p.a.

₹50 Lakhs

84 months

4.7
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Fibe

16% p.a.

₹5 Lakhs

36 months

4.4
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*Disclaimer: The aforementioned details are subject to change at the lender’s discretion 

Doctor Loan EMI Calculator

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Features and Benefits

Ample Funding at Competitive Interest Rates

Get a loan amount of up to ₹50 Lakhs at affordable interest rates starting from 14% p.a.

Online Application and Quick Processing

Enjoy expedited approval, verification and processing to meet immediate needs with ease

Zero Collateral Requirement

Opt for an instant loan for doctors on Bajaj Markets without having to pledge your assets

Minimal Documentation

Submit your address proof, ID proof and degree certificate to apply for a doctor loan online

Flexible Repayment Tenures

Repay the loan conveniently by choosing from tenures ranging up to 84 months

No hidden costs

You can 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

Understanding the eligibility criteria set by lenders on Bajaj Markets can help you opt for a suitable loan for doctors to open a clinic or purchase the latest equipment. This helps you apply seamlessly and increases your chances of approval. 

 

Check the doctor loan eligibility terms below. 

  • Indian citizen

  • Age between 22 and 70 years

  • Certified medical practitioner with MBBS/ PG Diploma/ BHMS/ BDS/ MS/ BAMS/ MD/ MDS/ DM/ M.Ch/ DHMS/ DNB/ GAMS or other relevant degree/s

  • From 1 to 5 years of work experience based on the degree  

 

After meeting the required eligibility terms, submit the relevant paperwork for verification. Here is a list of some of the common documents required: 
 

1. Identity proof: Any one of the following

  • Aadhaar card

  • Passport

  • Voter ID 

  • Driving licence, etc.

 

2. Address proof: Any one of the following

  • Electricity bill

  • Telephone bill 

  • Rent agreement, etc. 

 

3. Income proof: 

  • ITR (income tax return) filings

  • Bank statements 

 

4. Educational qualification certificate

 

5. Passport-size photographs

How to Apply for a Doctor Loan on Bajaj Markets

On Bajaj Markets, you can apply easily for this loan online. Follow 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

  • Once you choose the offer, your application will be processed, and you may have to submit additional documents if required. After your application is verified, the loan amount will be disbursed to your account.

doctor loan

Why Choose Bajaj Markets for a Doctor Loan

1. Tailored Eligibility Terms 

Meet simple criteria that are tailored to your profession to qualify for financing with ease.

2. Hassle-free Processing

Online processes and minimal documentation help speed up the loan application process. 

3. Instant Disbursal

Enjoy quick approval and loan disbursal within hours once you meet the eligibility terms.

4. Affordable Loan Terms

Enjoy affordable interest rates and repay flexibly and conveniently 

FAQs

What is a physician mortgage loan?

A physician mortgage loan is offered to doctors, physicians and medical practitioners. These loans help physicians get financing with property as collateral and are available at nominal interest rates. Various banks and NBFCs offer physician mortgage loans online.

Can an MBBS doctor get a loan?

Yes, a loan for doctors is available for those with an MBBS degree, provided they meet the eligibility criteria.

How do doctor loans work?

This loan works like any other professional loan. Once you apply, the approved loan amount is sanctioned to your account. You repay the loan with interest in the form of EMIs.

Do I have to pledge any security to get a doctor loan?

No, you can get a loan for doctors without any collateral on Bajaj Markets.

What is the maximum loan amount that a doctor loan can provide?

You can get up to ₹50 Lakhs on Bajaj Markets when you apply for a physician loan. The maximum loan amount depends on the lender you choose and your credit profile. 

Can you foreclose your doctor loan?

Yes, you can fully prepay your loan before the tenure ends. However, the lender may levy some charges for this facility. On Bajaj Markets, you have to pay minimal foreclosure charges of 4% of the outstanding loan amount, along with taxes. 

What is the purpose of a doctor loan?

You can utilise the funds from this loan to purchase state-of-the-art medical equipment and software or even renovate your nursing home/clinic. Opting for this form of credit can also help you boost your practice’s working capital and train or hire professional staff.

What is the interest rate for a doctor loan?

You can get attractive interest rates starting from 12% p.a. when you apply for a loan for doctors on Bajaj Markets.

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