Doctor Loan Calculator

What is a Doctor Loan EMI?

A Doctor Loan EMI is the fixed monthly amount you need to pay on a specified date till the entire loan is repaid. EMI consist of the principal amount along with the interest accrued on it. These monthly instalments are an easier method of repaying your Doctor/Physician Loan as the repayable funds get distributed in smaller, convenient amounts for the loan tenor.

Bajaj Finserv further makes repayment easier with flexible tenors for both secured and unsecured loans. You can check your EMIs over a chosen repayment schedule using the Physician Loan Calculator.

What is a Physician/Doctor Loan Calculator?

A Dental Practice Loan Calculator is an effective and easy-to-use online calculator which computes the Physician Loan EMI amount within seconds. It also shows the total interest and the full amount (interest + principal) payable separately.

Why is a Doctor Loan Calculator beneficial?

The EMI Calculator helps you know your monthly payments towards your loan so that you can accordingly plan your finances. It helps you choose the loan amount and tenor as per your repayment ability and meet the short-term financing requirements of your practice effectively.

How does a Doctor Loan EMI calculator function?

The Doctor Loan Calculator or Physician Mortgage 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:

E = EMI
P = Principal Loan
R = Rate of Interest
N = Repayment tenor (in months)

How to use the EMI calculator for Doctor Loan?

This Doctor Mortgage Calculator is simple to use. Enter the total loan amount, the rate of interest and your chosen tenor in months. The calculator will instantly show the EMIs based on the details you provided.