Doctor Loan ✓ Loan of up to ₹45 Lakhs ✓ Quick Disbursal ✓ Minimal Documentation Apply Now

Doctor Loan interest rates and processing fees vary depending on the lender, loan amount, repayment tenure, and other factors. It's important to note that interest rates and processing fees may also vary based on individual factors such as credit score, loan tenure, and other terms and conditions. 


It is always recommended to check with the lender directly for the latest physician loan interest rates and charges before applying for a loan.

Interest Rate and Charges of Doctor Loan

One of the partners offering Doctor Loans is Bajaj Markets. Here are the physician loan interest rates and charges applicable on this loan: 

Types of Fees

Applicable charges

Interest Rate

14% p.a. – 17% p.a.

Associated Charges

Processing Fees: Up to 2% of the loan amount

Foreclosure Charges: 4% of the outstanding loan amount + applicable taxes

Penal Interest

2% per month along with other 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 financial institution.

Step by Step Guide on How to Apply for a Doctor Loan

Follow these steps to apply for a doctor loan on:

  • Click on ‘APPLY NOW’ on this page.

  • In the application form, enter your personal and professional details.

  • Enter your preferred loan amount along with the repayment tenure.

  • Upon the verification of your application, the loan amount will be transferred to your bank account.

FAQs for Doctor Loan Interest Rate & Processing Fees

Generally, the doctor loan rate of interest offered is influenced by various factors. These include your credit score, debt-to-income ratio, income particulars, loan terms, and the types of loans you avail. 

In general, the tenure can range from 1 year to 7 years or more. However, some lenders may offer longer repayment periods of up to 10 years or more for higher loan amounts.

The interest rate for a Doctor Loan is calculated based on the loan amount, the rate of interest, and the tenure of the loan. While you can calculate the interest payable manually using the interest formula, using an online EMI calculator is your best bet. It is quick, intuitive, and it offers accurate results.

Getting a doctor loan at a low interest rate isn’t guaranteed but there are a few things you can do to get the best deal possible. Firstly, ensure that your credit profile is in good standing. This means having an excellent credit score and repayment track record that showcases you as a responsible borrower. 


Secondly, you need to meet all the criteria set by the lender comfortably, and have a steady income. Lenders assess your profile and look for reliability, and if you possess this quality, you can get a loan with low rates. Lastly, pick the right lenders. This means finding one with the right terms and one that you can negotiate with to get the deal you want.

Generally, you get fixed or floating interest rates for a doctor loan. This does depend on the lender, and some may even offer flexi rates, based on their policies.

A few factors that affect Doctor Loan interest rates are your income and employment stability, market conditions, and your relationship with the lender.

Doctor Loans may have lower interest rates compared to other unsecured loans due to the perceived lower risk associated with doctors as borrowers. Lenders consider doctors as low-risk borrowers as they have a steady income and a high repayment capacity.

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