Are there any prepayment or foreclosure charges I may have to pay?

The prepayment or foreclosure charges vary from lender to lender. When you get a professional loan on Bajaj Markets, you can opt for preclosure by paying 4% of the outstanding loan amount as a foreclosure fee.

Instant Professional Loan

Professional Loan of up to ₹50 Lakhs | Instant Approval

Apply for Professional Loans in India. Get up to ₹ 45 lakh Now! Apply Now

Apply for a hassle-free professional loan on Bajaj Markets and get funding of up to ₹50 Lakhs. You can repay comfortably thanks to a lengthy tenure of up to 84 months at pocket-friendly interest rates starting from 12% p.a.

Features of a Professional Loan

Multipurpose Function

Manage diverse expenses like operational costs and equipment financing without any restrictions.

Affordable Interest Rates

Enjoy interest rates ranging from 12% - 20% p.a. and get funding of up to ₹50 Lakhs.

Instant Approval

Apply for a professional loan on Bajaj Markets and get quick approval within minutes.

Swift Disbursal

Get the funds credited to your account within 24 hours post approval and verification.

Simple and Easy Application Process

Opt for an online professional loan any time on Bajaj Markets from the comfort of your home.

Flexible Loan Tenure

Repay your professional loan with ease over a tenure ranging up to 84 months.

No Assets to be Pledged

Getting a professional loan online on Bajaj Markets does not require you to arrange for collateral.

Disclaimer: Terms and conditions apply to the above-mentioned benefits.

Interest Rates and Charges

Take a look at the charges associated with the Professional Loan.

Parameters	Particulars
Loan Amount	₹2 Lakhs - ₹50 Lakhs
Tenure	12 - 84 months
Interest Rate	12% - 20%
Processing Fee	Up to 4.72% (Inclusive of Taxes)
Convenience Fee	Up to ₹4499
Cheque Bounce Charges	₹1500 per bounce
Penal Interest Rate	3.50% per month
Stamp Duty	As per State laws
Mandate Rejection Charges	₹450
Broken Period Interest	Added to First Instalment
Part Pre-payment Charges	Up to 4.72% (Inclusive of Taxes)
Loan Foreclosure Charges	Up to 4.72% (Inclusive of Taxes)
AMC	Flexi Hybrid Loan : Up to 0.295% (Inclusive Taxes)

Disclaimer: The details mentioned above are subject to terms and policies of the lender

Eligibility Criteria and Documents Required

The professional loan eligibility criteria on Bajaj Markets are simple. Here are a few essential parameters you must know:

Your age must be between 22 and 65 years
You must be an Indian resident

You must be self-employed

You must have a professional degree or diploma in the respective field

1. For Doctor Loan: MBBS/ PG Diploma/ BHMS/ BDS/ MS/ BAMS/ MD/ MDS/ DM/ M.Ch/ DHMS/ DNB/ GAMS or other relevant degrees

2. For CA Loan: Chartered Accountant qualification degree certificats

Upon meeting the specific eligibility terms, submit these documents to get quick approval:

Identity proof: Passport, Aadhaar card, PAN card
Address proof: Ration card, utility bills, Aadhaar card
Income proof: Bank account statement of the business for the last 6 months, Profit and loss statements of your business
Professional degree and diploma certificates
Proof of ownership/lease of a property to set up the practice (if applicable)

How to Apply for a Professional Loan on Bajaj Markets

Follow these simple steps to apply for a professional loan online at Bajaj Markets:

Step 1

Click on the ‘Apply Now’ button on this page
Step 2

Enter basic personal details on the online application form
Step 3

Choose the loan amount and your preferred repayment tenure
Step 4

Submit the form for verification

Why Choose Bajaj Markets for a Professional Loan

Get a loan for self-employed professionals on Bajaj Markets in no time to bolster your working capital. With affordable financing at the right time, you can not only ensure smooth daily operations, but also pursue growth.

Check out a few other unique benefits you can enjoy:

Favourable Loan Terms

Get ample funding and repay the loan conveniently at affordable interest rates.

Customised Eligibility Criteria

Meet simple terms tailored to your profession to get the right financing easily.

Quick and Easy Disbursal

Get instant approval and disbursal within hours once you meet the eligibility criteria.

Instant Processing

Minimal paperwork and a speedy online application process help you get funding effortlessly.

You can get this loan once you meet the required eligibility criteria. Check for these parameters on Bajaj Markets before you apply for a professional loan.

Getting a professional loan can help you set up your practice as a doctor, lawyer, CA, company secretary, architect, etc. You can use the loan to increase your working capital, pay salaries or even purchase the latest machinery. You may even use these funds to enhance your skills with new courses or expand your practice.

Some of the benefits of this loan are that you can qualify for financing with ease and do not need collateral. You can also get financing of a substantial amount quickly and with basic documentation. Lastly, this loan is unsecured and places no restrictions on usage.

The repayment tenure offered for a professional loan on Bajaj Markets can go up to 7 years.

The interest rate of a professional loan on Bajaj Markets starts from 12% p.a.

On Bajaj Markets, you need not pledge your valuable assets as collateral to get funding.

When applying for a professional loan, keep in mind your financial requirements and the terms and conditions of the loan. This includes the applicable interest rate, processing fee and any other charges. Also be aware of the eligibility criteria and tenure to ensure you can qualify for the loan and repay with ease.