Features and benefits of business loan for doctors

  • Quick processing

    Quick processing

    Benefit from loan approval in just 48 hours* with quick online loan processing.

  • Flexi facility

    Flexi facility

    Borrow and prepay funds against your loan limit, for free. Opt to pay interest-only EMIs for the initial tenor.

  • Convenient tenors

    Convenient tenors

    Select a repayment schedule that suits your budget with flexible tenors ranging up to 96 months.

  • Funds in %$$DL-Disbursal$$%*

    Funds in 48 hours*

    Have the business loan disbursed to your bank account within 48 hours* of your application being approved.

  • No collateral

    No collateral

    Obtain funding for your business without having to pledge a personal or business asset as security.

  • Easy part-prepayment

    Easy part-prepayment

    Make part-prepayments against little to no extra charges and reduce your net interest payment.

  • Pre-approved offers

    Pre-approved offers

    Avail of exclusive pre-approved offers to obtain instant business loan financing tailored to your profile.

Business Loan for Doctors

Hassle-free and fast, the Bajaj Finserv Business Loan for Doctors is designed to help your practice thrive. Customised to offer swift financing to expand your practice, you can use the business loan for everything from purchasing the latest medical equipment and software to training your staff on new procedures. Apply online for a business loan for doctors and get up to Rs. 55 lakh* through a speedy 48 hours loan disbursal process.

For flexibility in borrowing, you can opt for the Flexi loan facility. Here, you get a pre-approved loan limit, from which you can withdraw funds and prepay them unlimited times at no extra cost. You are charged interest on the amount you withdraw only. Further, you can choose to pay interest-only EMIs for the initial tenor to reduce your monthly outgo by up to 45%*.

*Terms and conditions apply
*(Inclusive of Insurance Premium, VAS Charges, Documentation Charges, Flexi fees and Processing Fees)

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Eligibility criteria for a business loan for doctors

Get a business loan for doctors from Bajaj Finserv against these simple eligibility criteria:

  • Super Specialist doctors (MD/ DM/ MS) - have no minimum experience required.
  • Graduate doctors (MBBS) - have no minimum experience required.
  • Dentists (BDS/ MDS) - 3 years
  • Ayurvedic and Homeopathic doctors (BHMS/ BAMS) - Minimum 2 years of post-qualification experience

Along with this, you should also be a resident citizen of India.

Documents required for a business loan for doctors

To prove your eligibility for a Bajaj Finserv Business loan for doctors, you need to submit a few basic documents only:

  • KYC of authorised signatories
  • Medical registration certification

Fees and charges of a business loan for doctors

Avail of business loan financing as a doctor against cost-effective fees and charges with Bajaj Finserv.

Type of fee

Applicable charges

Rate of interest

11% to 18% per annum
Processing fees Up to 2.95% of the loan amount (inclusive of applicable taxes).
Document processing charges Up to Rs. 2,360/- (Inclusive of applicable taxes)








Flexi Fee

Term Loan – Not applicable

Flexi Term Loan (Flexi Dropline) - Up to Rs. 999/- (Inclusive of applicable taxes)

Flexi Variant (as applicable below) -
Up to Rs. 1,999 (Inclusive of applicable taxes) for loan amount up to Rs. 1,99,999/-

Up to Rs. 3,999 (Inclusive of applicable taxes) for loan amount from Rs. 2,00,000/- to Rs. 3,99,999/-

Up to Rs. 5,999 (Inclusive of applicable taxes) for the loan amount from Rs. 4,00,000/- to Rs. 5,99,999/-

Up to Rs. 6,999 (Inclusive of applicable taxes) for the loan amount from Rs. 6,00,000/- to Rs. 9,99,999/-

Up to Rs. 7,999 (Inclusive of applicable taxes) for the loan amount of Rs. 10,00,000/- and above

*Charges will be deducted upfront from the loan amont

Bounce charges

Rs. 1,500 per bounce.

Penal interest

Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 3.50% per month on the monthly instalment/ EMI outstanding from the date of default until the receipt of the monthly instalment/ EMI.

Pre-payment charges

Full Pre-payment
Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment

Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.

Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.

Part Pre-payment
Up to 4.72% (inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.
Not Applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi

Stamp duty

Payable as per state laws and deducted upfront

Mandate rejection charges

Rs. 450 per month from the first month of due date for mandate rejected by customer's bank until the new mandate is registered.
Annual maintenance charges

Term Loan: Not Applicable

Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges.

Flexi Hybrid Loan: Up to 0.59% (inclusive of applicable taxes) of the total withdrawable amount during initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable Amount during subsequent tenure.
Foreclosure charges

Term Loan – 4.72% inclusive of applicable taxes on the principal outstanding amount as on the date of such full pre-payment.

Flexi Term Loan and Flexi Hybrid Loan: 4.72% inclusive of applicable taxes on total withdrawable amount (total loan amount that you can withdraw under Flexi Term Loan and Flexi Hybrid Loan from time to time as per the repayment schedule on the date of levy of such charges).







Broken period interest/ Pre EMI-Interest

"Broken Period Interest/ Pre-EMI Interest" shall mean the amount of interest on loan for the number of day(s) which is(are):

Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the loan

Method of recovery of Broken Period Interest/ Pre-EMI Interest:
For Term Loan: Deduct from disbursement
For Flexi Term Loan: Added to first instalment amount
For Hybrid Flexi Loan: Added to first instalment amount

Scenario 2: Less than period of 30 (thirty) days from the date of disbursement of the loan, Interest on first instalment will be charged for actual number of days
Switch Fees* Up to 1.18% of the loan amount (inclusive of applicable taxes)


*Switch Fee is applicable only in case of conversion of loan. In conversion cases, Processing Fees and Documentation Charges will not be applicable.

You can view the complete fees and charges applicable on a business loan for doctors.
(Inclusive of Insurance Premium, VAS Charges, Documentation Charges, Flexi fees and Processing Fees)

How to apply for a business loan for doctors

Follow these simple steps to avail of a business loan for doctors.

  1. 1 Click on ‘Apply Online’ to access the application form
  2. 2 Enter your mobile number and the OTP sent to you
  3. 3 Enter your personal and professional information
  4. 4 Submit your application

Our representative will call and guide you on the next steps.

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