Business Loan for doctors up to Rs. 35 lakh, for the various financial needs of your practice
Unique Flexi loan facility, with a predetermined loan limit given to you for a fixed tenor. Borrow and pre-pay funds from this loan limit, and choose to pay only the interest on these funds as your monthly EMIs. Interest is charged only on the amount you borrow. Repay the principal at the end of the tenor, or pre-pay it at your convenience.
Tenors ranging from 12 months to 96 months, to fit your repayment preference
Get money in your bank account within 24 hours of loan approval.
With no security or guarantors required, you can avail of an MSME loan for doctors with just a few documents.
No charges on part-prepayment, to ease your financial burden. The prepaid amount should not be less than the value of 3 EMIs, with no limit on the maximum amount.
Exclusive pre-approved offers, 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 Personal Loan and Business Loan for Doctors:
|Types of Fees||Charges Applicable|
|Rate of interest||14-16% 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||2% per month|
|Document processing charges (Recently Updated)||Rs. 2000 + applicable taxes|
|Bounce Charges||Upto 3000 (Inclusive of applicable taxes)|
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 tenure. 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 for Kerala State for all products.
You can apply for a Bajaj Finserv Business Loan for Doctors offline as well as online. To apply offline, you can:
Write to us at email@example.com, or
SMS DLM to 9773633633, or
Give a missed call on 9266900069
To apply online, follow these simple steps:
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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