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Doctors can access personal loans of up to ₹55 Lakhs with interest rates starting from 10% p.a. and flexible repayment tenures through partner lenders on Bajaj Markets.
Last updated on: Oct 22, 2026
A personal loan for doctors offers financial flexibility tailored to the unique needs of medical professionals. It is an unsecured loan that 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 108 months, you can enjoy flexible repayment options to fit your financial situation.
| Particulars | Details |
|---|---|
Loan Amount |
Up to ₹55 Lakhs |
Interest Rates |
Starting from 10% p.a. |
Maximum Tenure |
108 months |
Processing Fee |
Up to 12% + GST |
Foreclosure Charges |
Up to 7% + GST |
*Disclaimer: The above-mentioned details are subject to change at the lender's discretion.
Here are the personal loan lenders available on Bajaj Markets:
| Available Offerings | Max. Loan Amount | Min. Interest Rate | Max. Repayment Tenure | Processing Fee |
|---|---|---|---|---|
₹10 Lakhs |
12% p.a. |
60 months |
Up to 5.1% + GST |
|
₹5 Lakhs |
14% p.a. |
60 months |
2% to 2.5% of the loan amount + GST or ₹500 + GST (whichever is higher) |
|
₹10 Lakhs |
14.5% p.a. |
60 months |
2% to 4% of the loan amount |
|
₹2 Lakhs |
18.96% p.a. |
24 months |
₹50 to ₹200 + 18% GST (maximum APR of 48%) |
|
₹15 Lakhs |
12% p.a. |
48 months |
Up to 3% of the loan amount + GST |
|
₹10 Lakhs |
13.99% p.a. |
60 months |
2% to 5% of the sanctioned amount |
|
₹5 Lakhs |
14% p.a. |
36 months |
Up to 2% of the loan amount |
|
₹55 Lakhs |
10% p.a. |
108 months |
Up to 4.13% of the loan amount (Inclusive of applicable taxes) |
|
₹25 Lakhs |
12% p.a. |
60 months |
0% to 6% of the loan amount |
|
₹40 Lakhs |
10.99% p.a. |
72 months |
1.10% - 1.50% of the loan amount + GST |
|
₹1 Lakh |
18% p.a. |
12 months |
2% to 12% of the loan amount |
|
₹10 Lakhs |
15.95% p.a. |
60 months |
Up to 3% of the loan amount |
|
₹10 Lakhs |
1.33% p.m. |
60 months |
Starts from 2% of the approved loan amount |
|
₹5 Lakhs |
12.75% p.a. |
48 months |
2% to 3% of the loan amount + 18% GST |
|
₹4 Lakhs |
14% p.a. |
24 months |
3% to 5% of the loan amount |
|
₹5 Lakhs |
12% p.a. |
36 months |
1% onwards |
|
₹6 Lakhs |
17.25% p.a. |
60 months |
1.50% to 4.50% of the loan amount |
|
₹5 Lakhs |
18% p.a. |
12 months |
2% to 6% of the loan amount |
|
₹5 Lakhs |
16% p.a. |
36 months |
3% |
|
₹1.5 Lakhs |
6% p.m. |
90 days |
3%-10% |
|
₹5 Lakhs |
17.99% p.a. |
48 months |
3%-5% |
|
₹5 Lakhs |
16% p.a. |
36 months |
Up to 5% of the loan amount plus applicable taxes |
|
₹5 Lakhs |
23% p.a. |
36 months |
2.5% to 4% of the loan amount |
|
₹2 Lakhs |
16% p.a. |
36 months |
3.50% |
|
₹5 Lakhs |
18% p.a. |
48 months |
2% – 6% |
*Disclaimer: The mentioned details are subject to change at the lender’s discretion.
A personal loan for doctors can help you manage personal and professional expenses with ease. Here are the features and benefits of applying for one:
Medical professionals can apply for a personal loan of up to ₹55 Lakhs
The application process is simple and primarily digital. You can compare loan offers, complete the application online, and submit the required documents with minimal paperwork. This can help you access funds faster, especially if you require an instant personal loan for urgent expenses, subject to lender approval and eligibility.
It is an unsecured loan, which means you do not need to pledge any asset as collateral. This allows you to access funds without putting your property, investments, or other valuable assets at risk.
With repayment options ranging up to 108 months, these loans offer the flexibility needed to manage expenses.
The personal loan eligibility criteria for doctors may vary across lenders. Here are the common requirements you may need to meet:
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
Identity Proof:
Aadhar Card/Passport/Driving License
PAN Card
Qualification Degree
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 here to start the application
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
While both options provide access to funding, they are designed for different purposes and may have different eligibility requirements.
| Parameter | Personal Loan for Doctors | Professional Doctor Loan |
|---|---|---|
Purpose |
Can be used for personal or professional expenses, such as medical equipment purchases, education, home renovation, travel, debt consolidation, or other needs |
Primarily designed for professional or business-related requirements, such as setting up or expanding a clinic, purchasing medical equipment, or managing practice-related expenses |
End Use Restrictions |
Generally offers greater flexibility in fund utilisation |
May be linked to specific professional or business purposes, depending on the lender |
Eligibility |
Available to eligible salaried and self-employed doctors based on the lender's criteria |
Usually intended specifically for practising doctors and healthcare professionals |
Documentation |
Typically requires standard identity, address, income, and professional documents |
May require additional documentation related to professional practice, clinic ownership, or business operations |
Loan Structure |
Offered as an unsecured personal loan with fixed repayment terms |
Product features may vary by lender and may include specialised benefits for medical professionals |
Repayment |
Repaid through regular EMIs over the chosen tenure |
Repayment structure depends on the lender and the specific loan product |
Reviewer
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.
To apply for a personal loan for doctors on Bajaj Markets, you typically need a CIBIL score of 650 or above. Apart from your credit score, lenders may also evaluate factors such as your income, employment or practice type, existing financial obligations, and overall repayment capacity before approving your application.
The loan amount available to doctors depends on factors such as income, employment type, credit profile, repayment capacity, and the lender's eligibility criteria. On Bajaj Markets, you can compare personal loan offers of up to ₹55 Lakhs from multiple lenders, subject to eligibility and lender terms.
No. Personal loans for doctors available on Bajaj Markets are unsecured, which means you do not need to pledge any collateral or asset to apply. Approval is typically based on factors such as your income, credit profile, professional background, and the lender's eligibility requirements.
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