Instant Approval | No Collateral | Flexible Repayment Options
The Personal Loan for Doctors offers financial flexibility tailored to the unique needs of medical professionals. With loan amounts of up to ₹50 lakhs and interest rates starting from just 9.99% per annum, this unsecured loan allows you to access funds without the need for collateral. Whether you're looking to purchase new medical equipment, renovate your home, travel for further studies, or expand your clinic, these funds can be utilised for various purposes. Additionally, with a maximum tenure of 96 months, you can enjoy flexible repayment options to fit your financial situation.
Particulars |
Details |
Loan Amount |
Up to ₹50 Lakhs |
Interest Rates |
Starting from 9.99% p.a. |
Maximum Tenure |
96 months |
Processing Fee |
Up to 12% + GST |
Foreclosure Charges |
Up to 7% + GST |
*Disclaimer: The mentioned rates are subject to change at the lender’s discretion.
Medical professionals can apply for a personal loan of up to ₹50 lakhs.
The application process for personal loans for doctors is straightforward and requires minimal documentation
Personal loans for doctors at Bajaj Markets are unsecured. This feature eliminates the stress of providing collateral, making it easier for healthcare professionals to access funds.
With repayment options ranging from 12 to 96 months, these loans offer the flexibility needed to manage expenses.
This flexible funding can be used for various purposes, such as setting up a clinic, purchasing medical equipment, or renovating your home for patient consultations
Ensure you meet the following criteria to qualify for a personal loan for doctor:
Indian Citizenship
Employment Status: Must be a salaried or self-employed individual
Age Requirement: At least 18 years old
Minimum Monthly Income: ₹10,000
Work Experience: A minimum of 1 year
CIBIL Score: Must be 600 or higher
Aadhar Card/Passport/Driving License
Here are some ways how a doctor can utilise a personal loan:
Education: Support your pursuit of advanced medical training or specialised courses to stay updated in your field
Home Renovation: Use the funds to improve your living space, creating a comfortable environment for you and your family
Travel Expenses: Fund travel-related expenses related to medical conferences, training, or personal vacations
Wedding Costs: Cover expenses for weddings or family celebrations, and manage your budget effectively
Debt Consolidation: Pay off existing loans or credit card debts, and simplify your financial management
Here’s how to apply for a personal loan for doctors in just a few simple steps:
Click on the ‘CHECK OFFER’ button on this page
Fill in your personal and professional information
Choose your preferred lender for the loan
Specify the loan amount and desired tenure
Review the information provided and submit your application
Before applying for a personal loan, it's crucial to assess your financial situation:
Loan Amount: Identify the specific amount you need and ensure it aligns with your financial goals and practice requirements
Interest Rates: Compare offers from different lenders to find the most favorable interest rates
Repayment Terms: Review the loan tenure and ensure the monthly installments fit comfortably within your budget
Required Documentation: Gather necessary documents, such as qualification certificates and KYC papers, to facilitate a smooth application process
Creditworthiness: Check your credit score, as it can affect both your eligibility and the terms of the loan
Lender Reliability: Research potential lenders to confirm their reputation for customer service and transparency
After securing the loan, consider these important aspects:
Financial Monitoring: Keep a close eye on your cash flow to ensure timely repayments and avoid penalties
Fund Utilisation: Stick to your planned uses for the loan to maximise its benefits and fulfil your financial requirements
Repayment Planning: Develop a budget that includes your loan repayments alongside other essential expenses
Regular Financial Assessment: Periodically review your financial health and adjust your strategies to remain on track with your goals
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
To get a personal loan for doctors, your monthly income should at least be ₹10,000.
The disbursal time depends on your application and lender’s policies. However, it may usually take 3-5 business days.
The minimum & maximum repayment tenure of a personal loan for doctors is 12 months and 96 months respectively.