Business loan for doctors up to Rs.42 lakh, for the various financial needs of your practice.
Online application process with disbursal in 24 hours*, for your convenience.
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%*.
Tenors ranging from 12 months to 96 months, to fit your repayment preference.
Get funds in your bank account within 24 hours* of loan approval.
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-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.
Bajaj Finserv offers exclusive pre-approved offers to its existing customers, so you get more value for your money.
Bajaj Finserv Business Loan for Doctors requires minimal documentation, for your convenience. These documents are:
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)|
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
|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.|
|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.|
|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 on all charges in accordance with the state specific laws.
You can apply for a Bajaj Finserv Business Loan for Doctors online by following the simple steps given below:
Click here and fill out the online application form
Receive a confirmation call within 24 hours from our executive to know your approved loan amount
Submit the required documents with our representative
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