Consolidate all your existing loans into a single, simplified loan — and free yourself from the complexity of multiple EMIs. Borrow up to Rs. 10.5 crore against your property, with interest rates starting at just 8% p.a.*. Benefit from a flexible repayment tenure of up to 180 months. Choose from three tailored loan variants designed specifically for doctors and use the additional funds for clinic expansion, equipment upgrades, or working capital— all while managing a single, predictable EMI.
Property collateral is mandatory to be eligible for this product. Know More
Know More
Debt consolidation is offered as a secured loan, which means it must be backed by collateral- typically a property. Therefore, it is mandatory to pledge your property as collateral for this loan.
Key features
To apply for our Debt Consolidation loan, you need below documents: 1. KYC documents - Aadhar / passport / voter's ID / driving license / letter from NPR / NREGA job card 2. Proof of Income 3. Property related documents 4. Account statement of last 6 months Additional documents required, if any, will be communicated during application process.
Choose from our Flexi hybrid term loan, Flexi Term, and Term Loan variants.
Get Debt Consolidation Loan at affordable interest rates of 8% - 18%
Your bank account will be credited with your loan amount within 72 hours, or in some cases, on the same day of approval. *The 72-hour disbursal timeframe is an estimate and may vary depending on verification processes, application timing, and additional documentation.
How to apply for Debt Consolidation Loan
Simplify Your EMIs
- Click on ‘CHECK LOAN OFFER’ at the top of this page to open our online application form.
- Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
- Now, click on ‘CONTNUE’ to check your eligible loan amount.
- Continue with your loan offer or choose a lower loan amount.
- Choose the repayment tenure – you can select tenure options of 12 months to 180 months and click on ‘CONTINUE’.
- Complete your KYC and submit your application
- Our sales executive will contact you for further assistance.
Features and benefits
Features and benefits of debt consolidation
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3 Flexi variants
Pick the loan variant that suits you best: Flexi Term Loan, and Flexi Hybrid Loan.
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No part-prepayment charge on Flexi Loans
Repay a part of your loan in advance, at no extra cost. You can part-pay as many times as you want.
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Loan of up to Rs. 10.5 crore
Manage your small or large business expenses with loans ranging from Rs. 1 lakh to Rs. 10.5 crore.
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Convenient tenures of up to 15 years
Get the added flexibility to pay back your loan with repayment options ranging from 12 months to 180 months.
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Money in your bank account in 48 hours*
In most cases, you will receive the loan amount in your account within 48 hours of approval.
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No hidden charges
All Fees and charges are mentioned upfront on this page and in the loan document. We advise you to read these in detail.
Eligibility criteria and documents required
Anyone can apply for our Debt Consolidation Loan for Doctors if they meet the five basic criteria mentioned below. If you meet all the Debt Consolidation Loan for Doctors eligibility criteria, you will need a set of documents to complete your application process.
Documents Required for Debt Consolidation Loan
Eligibility criteria
Nationality | Indian |
Experience | At least 5 years |
CIBIL score | 650 or higher |
Age | 21 years to 85 years* |
Document required
- KYC documents - Aadhaar/ passport/voter's ID/driving license/ letter from NPR/NREGA job card
PAN card
Proof of business ownership
Other financial documents
*You should be 80 years or younger, at the end of the loan tenure.
Interest rates, Fees and charges
Frequently Asked Questions
Overview
Application process
Eligibility criteria
Benefits
Interest rate
What does a debt consolidation loan involve for doctors?
A debt consolidation loan allows doctors to combine multiple loans, such as personal loans, credit card dues or education loans, into one single loan. In India, this means one monthly EMI, one lender and usually a lower or more manageable interest rate as per RBI-regulated banks or NBFCs.
How can consolidating debt improve a doctor's financial management?
By consolidating debt, doctors can simplify their finances with one EMI instead of many. This helps in better cash flow planning, timely payments and reduced stress. It also lowers the risk of missed EMIs, which protects the doctor’s CIBIL score under Indian credit reporting norms.
Can doctors consolidate debts related to their practice, such as business loans or equipment financing?
Yes, doctors can consolidate practice-related debts like clinic loans or equipment financing, subject to lender approval. Banks assess business income, loan purpose and repayment capacity, ensuring compliance with Indian MSME and professional lending regulations.
What is the process for a doctor to apply for a debt consolidation loan?
A doctor needs to approach a bank or NBFC, submit KYC documents, income proof, loan statements and medical registration proof. The lender assesses eligibility, CIBIL score and repayment ability. Once approved, existing loans are closed and replaced with one new loan.
How long does the approval process take for a doctor seeking a debt consolidation loan?
In India, approval usually takes 3 to 10 working days, depending on documentation and lender policies. Digital lenders may process faster, while banks may take longer due to verification and RBI-mandated checks.
What are the specific eligibility criteria for doctors applying for debt consolidation?
In India, doctors must have a recognised medical degree, valid registration with the Medical Council, stable income, and a good CIBIL score. Banks also check age limits, repayment capacity, existing loan history and compliance with RBI lending guidelines.
What are the key benefits of consolidating multiple loans into one for doctors?
The main benefits include one EMI, easier tracking of payments, possible lower interest rate, and improved credit score. Doctors can also extend repayment tenure, reducing monthly burden, while staying compliant with Indian banking rules and loan restructuring norms.
Are interest rates typically lower for debt consolidation loans for doctors compared to other loans?
Interest rates can be lower than credit cards or unsecured loans, especially for doctors with strong income and credit profiles. However, rates depend on the lender, loan type and RBI guidelines. They may not always be lower than secured loans like home loans.
Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.