Doctor Loan EMI Calculator

Plan your instalments for a doctor loan before applying.

About EMI Calculator

A Doctor Loan EMI Calculator is an online tool that enables you to get an estimate of EMIs on your loan. Use the tool to select the desired loan amount and tenure and get the EMI, the total interest amount and the total amount you need to pay. Find the values that align with your financial plans. Then, use the calculations to get the most competitive EMIs when you apply for a loan. Select the ‘View Repayment Schedule’ button to get a view of the loan repayment schedule for the tenure that you choose.


Results generated by the calculator(s) are indicative in nature. The interest rate applied on the loan will depend on the prevailing rates at the time of loan booking. The calculator(s) are not intended to provide its users/ customers with results that are either certified by Bajaj Finance Limited (“BFL”) or are an obligation, assurance, warranty, undertaking or commitment, financial and professional advice by BFL, under any circumstances. The calculator(s) are only a tool that assists the users/ customers arrive at results of various illustrative scenarios generated from data input by the user/ customer. The use of the calculator is entirely at the risk of the user/ customer, BFL is not responsible for any reason, for any errors in any outcome resulting from the use of the calculator.

Frequently asked questions

What is a doctor loan EMI?

When you take a loan for doctors, you need to pay the doctor loan EMI. It is the fixed amount that you need to pay on a specified date every month. The repayment of this amount continues until you repay your entire loan. Your EMI consists of the principal amount along with the interest accrued on it.

You can repay these funds easily as they are distributed in smaller, convenient amounts across the loan tenure. Bajaj Finance further makes repayment easier by offering doctor loans with the Flexi facility. With Flexi Loans, you just need to pay interest on the amount you borrow.

Learn about doctor loan features

What is a Doctor Loan EMI Calculator?

A Doctor Loan EMI Calculator is an effective and easy-to-use online calculator. It helps you compute your loan EMI amount quickly. The calculator also shows the total interest and the full amount (interest + principal) payable separately. You can even check your EMIs over a chosen repayment schedule using the EMI calculator.

How to use the EMI calculator for a doctor loan?

The EMI calculator is simple to use. Just enter the total loan amount, the rate of interest and your chosen tenure in months. The calculator will instantly show the EMIs based on the details you provided.

Read about doctor loan fees and charges

How does a doctor loan EMI calculator function?

The doctor loan EMI calculator works based on a pre-set mathematical formula:

E = P * R * (1+R)^N / ((1+R)^N-1)

In this formula, the variables stand as:
P = Principal loan
R = Rate of interest
N = Repayment tenure (in months)

Why is a Doctor Loan EMI Calculator beneficial?

Before you apply for a loan, you have to decide the loan amount and the repayment tenure. Using the EMI calculator, you can check the EMI estimates for different loan amounts and tenures and find the values that work best for you. This way, you can effectively plan your application for a doctor loan with the loan terms as per your repayment ability.

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