image

  1. Home
  2. >
  3. Doctor Loan
  4. >
  5. Business Loan For Doctors

Business Loan For Doctors

Quick Apply

Just 60 seconds to apply

Please enter your full name as per PAN
Enter 10-digit mobile number
Please enter your pin code
Please enter your Birth date
Please enter valid PAN card number

I consent to the T&C and authorize Bajaj Finance Limited, its representatives/business partners/affiliates to use my details for promotional communication/fulfilment of services availed.

Thank you

Business Loan for Doctors: Features and Benefits

A loan designed to help your practice thrive. Hassle-free and fast, the Bajaj Finserv Business Loan for Doctors is a specialised offering that can help fund the expansion of your practice – from purchasing the latest medical equipment and software to training your staff on new procedures. Apply today for a business loan for doctors of up to Rs.42 lakh and receive funds in your bank account within 24 hours*.

  • Loan up to Rs.42 lakh

    Business loan for doctors up to Rs.42 lakh, for the various financial needs of your practice.

  • Quick processing

    Online application process with disbursal in 24 hours*, for your convenience.

  • padho pardesh scheme education loan

    Flexi loan facility

    With the unique Flexi loan facility, you can withdraw funds as per your needs from a sanctioned limit and pay interest only on the amount utilised. You can also choose to pay interest only EMIs for the initial tenor and lower your monthly instalments by up to 45%*.

  • Flexible repayment tenors

    Tenors ranging from 12 months to 96 months, to fit your repayment preference.

  • Money in bank in 24 hours*

    Get funds in your bank account within 24 hours* of loan approval.

  • Minimal paperwork without collateral

    Avail of an MSME loan for doctors in a hassle-free online process with just a few documents and without any security or guarantor.

  • Part-prepayment facility

    Part-prepay your loan without any additional charge. However, your prepaid amount should be equal to at least 3 EMIs, while there is no limit on the maximum amount.

  • Pre-approved offers

    Exclusive pre-approved offers, so you get more value for your money.

Business Loan for Doctors – Eligibility Criteria

The eligibility criteria for a business loan for doctors are easy to meet. They are:
  • Degree Type
  • Minimum Eligibility
  • Super Specialist, Post-graduate, Specialised Diploma and PG Diploma
  • MBBS degree to be registered with the medical council
  • MBBS
  • Post registration with the medical council
  • BAMS/BHMS
  • 2 years from the date of medical registration
  • MDS/Dentist
  • 5 years from the date of medical registration

 

Business Loan for Doctors: Documents Required

Bajaj Finserv Business Loan for Doctors requires minimal documentation, for your convenience. These documents are:

  • loan against property eligibility india

    KYC of authorised signatories

  • Medical registration certificate

Fees and Charges

Bajaj Finserv offers the lowest doctor loan rate of interest. Read more about our doctor loan interest rate and charges below.

The following fees and charges are applicable on a business loan for doctors:

 
Types of Fees Charges Applicable
Rate of interest 14-17% p.a.
Processing fee Up to 2 % of the loan amount (plus applicable taxes)
Document/statement charges

statement of account/repayment schedule/foreclosure letter/No Dues Certificate/interest certificate/list of documents
Download your e-statements/letters/certificates at no extra cost by logging into customer portal – Experia.
You can get a physical copy of your statements/letters/certificates/list of documents from any of our branches at a charge of Rs.50/- (Inclusive of taxes) per statement/letter/certificate.
Penal interest Any delay in payment of Monthly Instalment/EMI shall attract penal interest at the rate of 2% per month on the Monthly Instalment/EMI outstanding, from the date of default until the receipt of Monthly Instalment/EMI.
Document processing charges (Recently Updated) Rs.2000 + applicable taxes
Bounce charges Up to Rs.3000 (Inclusive of applicable taxes)
Stamp Duty At actuals. (as per State)

Annual/Additional Maintenance Charges

 
Loan Variant Charges
Flexi Term Loan 0.25% plus applicable taxes of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges.
Flexi Hybrid Loan 0.25 to 0.5% plus applicable taxes of the total withdrawable amount during initial tenor. 0.25% plus applicable taxes of the total withdrawable amount during subsequent tenor.

Foreclosure Charges

 
Loan Variant Charges
Loan (Term Loan/Advance EMI/ Step-Up Structured Monthly Instalment/ Step-Down Structured Monthly Instalment) 4% + applicable taxes on the outstanding loan amount payable by the borrower on the date of such full pre-payment.
Flexi Term Loan 4% plus applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment.
Flexi Hybrid Loan 4% plus applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment.

Part-Prepayment Charges

 
Borrower Type Time Period Part-Prepayment Charges
Not applicable if the borrower is an individual and the Loan is availed on floating interest rate and not applicable for Flexi Term Loan/Hybrid Flexi variant. More than 1 month from date of loan disbursal. 2% + applicable taxes on part-payment amount paid.

Mandate Rejection Service Charge*: Rs 450 (Inclusive of applicable taxes)

*Charges will be levied if new mandate form is not registered within 30 days from the date of rejection of previous mandate form by Customer’s Bank for any reasons whatsoever.

Note: Additional cess will be applicable for Kerala State for all products.

 

How to Apply

You can apply for a Bajaj Finserv Business Loan for Doctors online by following the simple steps given below:

  • 1

    Step 1

    Click here and fill out the online application form

  • 2

    Step 2

    Receive a confirmation call within 24 hours from our executive to know your approved loan amount

  • 3

    Step 3

    Submit the required documents with our representative

  • 4

    Step 4

    Receive the money in your bank account within 24 hours of document submission

Doctor Loan Application Made Easy with Bajaj Finserv

Indemnity insurance for doctors

Indemnity Insurance for Doctors: All You Wanted to Know

Understand the Fees and Charges on your Doctor Loan

Why should you choose a Bajaj Finserv Business Loan for Doctors?

Doctor Loans, Everything You Wanted To Know!!

Doctor Loans - Everything You Wanted To Know

People Also Considered

Flexi Business Loan

Flexi Loan Conversion

Convert your existing loan | Pay lower EMIs by up to 45%*

KNOW MORE
Machinery Loan

Machinery Loan

Get up to Rs.45 lakh to upgrade equipment | Pay only interest as EMI

KNOW MORE
Working Capital Loan People Considered Image

Working Capital Loan

Get up to Rs.45 lakh to manage operations | Flexible tenor options

KNOW MORE
Business Loan for Women People Considered Image

Business Loan for Women

Get funds up to Rs.45 lakh | Minimal documentation

KNOW MORE