Doctor Loan for setting up a new practice

Owning your own clinic is a dream, but you can make it happen if you have the required capital. From renting a space to buying equipment to paying employee salaries, all you need is access to funds. Why not invest in your dream to be a successful clinic owner with a doctor loan of up to Rs. 80 lakh.

Fulfil Your Dream


Now that you have decided to pursue your dream, start strong. Create a structured plan for the success of your practice and avoid compromising on its set up with sufficient funds from a doctor loan. Take the help of a business advisor or financial advisor to start your clinic off on the right note.

Rent a New Space


Getting your clinic properly set up is a basic but expensive undertaking. You will need to rent a space that is large enough to accommodate your patients’ medical needs, while also being in an accessible area of town. Add to that the cost of buying furniture, lighting, and medical equipment for your new clinic.

Working Capital


You will need a significant amount of money each month to cover the administrative costs of running a clinic. These will include employee salaries, a maintenance fund for your diagnostic machines, inventory restocking. You should also budget for unexpected costs like equipment repair, which for medical instruments is generally very expensive.

Buy Latest Equipment


One of the most expensive things a new clinic needs is medical equipment. To help more people, you will need specialised equipment and nurses or technicians to run it. Tens of lakhs of rupees can be spent on a single diagnostic machine. A doctor loan can make it easy for you to pay for this cost.

Become a Franchisee


You may be looking at becoming a franchisee of a larger chain instead of setting up your own practice. There are certain eligibility and financial requirements that you would need to fulfil in order to join a franchise. You would need capital to set up the clinic as well. Cover these expenses comfortably with this loan.

3 unique variants of our doctor loan

  • Flexi Term Loan

    Consider that you obtain a Rs. 8 lakh loan with a 24-month term. You pay the EMI on time for the first six months. You should have paid back roughly Rs. 2 lakh plus interest by this point.

    Now, you need an additional Rs. 3 lakh. You can sign-in to My Account to withdraw funds from your Flexi Term Loan account. Let’s say you decide to pay off a portion of your loan three months later. Once again, sign-in to My Account and make the payment.

    Your interest has been automatically adjusted throughout, and you are paying interest only on the amount that is now due.

    A modern-day practice demands dynamicism and may need quick investments. A Flexi Term Loan is perfect for such uses.

  • Flexi Hybrid Loan

    This alternative functions just like the Flexi Term Loan. The main distinction is that, for the loan’s initial period — which may vary depending on the loan’s tenure — your EMI will solely be made up of the interest applicable.

    Click here for a detailed description of how our Flexi Hybrid Loan works.

  • Term Loan

    This loan is similar to the regular loans. You can take out a loan for a specific sum of money, which is then divided into equal monthly payments that include both the principal and the interest.

    There is a pre-payment charge for repaying your Term Loan before the end of the tenure.

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Features and benefits of our doctor loan

Features and benefits of our doctor loan 00:44

Features and benefits of our doctor loan

Watch this video to know everything about the features of our doctor loan.

  • 3 unique variants

    3 unique variants

    We have 3 new unique variants – Term Loan, Flexi Term Loan, Flexi Hybrid Loan. Choose the loan variant that works best for you.

  • No part-prepayment charge on Flexi variants

    No part-prepayment charge on Flexi variants

    With Flexi variants, you can borrow as many times as you want to and part-prepay whenever you can. No extra charges.

    Read about our Flexi Hybrid Loan

  • Loan amount

    Loan of up to Rs. 80 lakh

    Get loans from Rs. 2 lakh to Rs. 80 lakh to manage your small/ large expenses. Available through an end-to-end online application process.

  • Convenient tenures

    Convenient tenures of up to 8 years

    Get the added flexibility to pay back your loan with repayment options ranging from 12 months to 96 months.

  • Money in your bank account

    Money in your bank account in 48 hours*

    In most cases, you will get your doctor loan credited to your bank account within 48 hours* of approval.

  • No hidden charges

    No hidden charges

    All the fees and charges are clearly mentioned on this page and in your loan documents. Please read these in detail.

    Know about our fees and charges

  • No collateral required

    No collateral required

    You do not have to provide any collateral or security such as gold ornaments or property to get our doctor loan.

  • End-to-end online application process

    End-to-end online application process

    You can apply for our doctor loan anytime, from the comfort of your home or from wherever you are.

  • *Terms and conditions apply

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Eligibility criteria and documents required

Any doctor can apply for our doctor loan, as long as you meet four basic criteria mentioned below. You will also need a set of documents to complete the application process.

Eligibility criteria

  • Nationality: Indian
  • Age: 22 years to 80 years*
  • CIBIL Score: 685 or higher
  • Medical registration: Degree to be registered with the medical council

*Higher age limit is applicable at the time of loan maturity.


  • KYC documents - Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
  • PAN card
  • Medical registration certificate

*Additional documents required, if any, will be communicated during the application process.

Loan application process for doctors

Video Image 00:51

Step-by-step guide to apply for a doctor loan

  1. Click on the ‘APPLY’ button on this page.
  2. Enter your 10-digit mobile number and OTP.
  3. Fill in the application form with your basic personal and professional details.
  4. Once you fill out the form, click on ‘PROCEED’.
  5. Update the KYC details.
  6. Schedule an appointment for document verification.

Note: Keep your medical registration certificate handy to finish the KYC process.

Our representative will guide you on the next steps. The loan amount will be transferred to your bank account upon verification of your documents.

Doctor loan interest rates and applicable charges

Types of fees Charges applicable
Rate of interest 11% - 22% per annum
Processing fee Up to 2.95% of the loan amount (inclusive of applicable taxes)
Documentation charges Up to Rs. 2,360/- (inclusive of applicable taxes)
Flexi fee

Term Loan: Not applicable

Flexi Term Loan (Flexi Dropline): Up to Rs. 999/- (inclusive of applicable taxes)

Flexi Hybrid Loan (as applicable below):
• Up to Rs. 1,999/- (inclusive of applicable taxes) for loan amount less than Rs. 2,00,000/-
• Up to Rs. 3,999/- (inclusive of applicable taxes) for loan amount from Rs. 2,00,000/- to Rs. 3,99,999/-
• Up to Rs. 5,999/- (inclusive of applicable taxes) for the loan amount from Rs. 4,00,000/- to Rs. 5,99,999/-
• Up to Rs. 6,999/- (inclusive of applicable taxes) for the loan amount from Rs. 6,00,000/- to Rs. 9,99,999/-
• Up to Rs. 7,999/- (inclusive of applicable taxes) for the loan amount of Rs. 10,00,000/- and above

*The Flexi charges above will be deducted upfront from the loan amount.

*Loan amount includes approved loan amount, insurance premium, VAS charges and documentation charges.

Prepayment charges
Full prepayment
• Term Loan: Up to 4.72% (inclusive of applicable taxes) of the outstanding loan amount as on the date of full such prepayment

• Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full such prepayment

• Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full such prepayment

Part prepayment
• Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part prepayment
• Not applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid Loan
Annual maintenance charges Term Loan: Not applicable

Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges

Flexi Hybrid Loan:
• Up to 0.59% (inclusive of applicable taxes) of the total withdrawable amount during initial tenure
• Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure
Bounce charges In case of default of repayment instrument, Rs. 1,500/- per bounce will be levied.
Penal Charge Delay in payment of instalment(s) shall attract Penal Charge of Rs. 25 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount.
Stamp duty (as per respective state)
Payable as per state laws and deducted upfront from the loan amount
Broken period interest/ pre-EMI interest Broken period interest/ pre-EMI interest shall mean the amount of interest on loan for the number of day(s), which is (are) charged in two scenarios:

Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged:

In this scenario, broken period interest is recovered by the following methods:
• For Term Loan: Deducted from the loan disbursement
• For Flexi Term Loan: Added to the first instalment
• For Flexi Hybrid Loan: Added to the first instalment

Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged:

In this scenario, interest is charged only for the actual number of days since the loan was disbursed.
Switch fees Up to 1.18% of the loan amount (inclusive of applicable taxes)

(Switch fee is applicable only in case of switch of loan. In switch cases, processing fees and documentation charges will not be applicable.)
Instalment default charge Rs. 450/- per month from the first instalment due date for mandates rejected by customers bank until the new mandate is registered.
PG Facility Charges Rs. 11 (Inclusive of Applicable taxes) will be charged for utilizing the payment gateway to make part or full payments towards the loan through digital properties.
Cash Collection Handling Charges Rs. 177 (inclusive of applicable taxes) will be charged if customer opts to make payment in cash when the collection is done by the collection agents. This fee is charged only once per month, regardless of the number of payments made against multiple LANs.
Cash Deposit Charges Customers will incur a cash deposition charge of Rs. 50 (Inclusive of Applicable taxes) when making cash payments at our branch offices.
Full prepayment (Foreclosure) Foreclosure can be processed post clearance of first EMIs
• Term Loan

Frequently asked questions

What is the Flexi Term Loan facility?

The Flexi Term Loan facility is a unique financial offering that lets you withdraw and prepay funds from your loan limit as per your requirement

In Flexi Hybrid Loans, you are charged interest only on the amount you utilise, and you have the option to reduce your EMIs during the initial tenure.

Where can I find the loan account statement for my doctor loan?

Your loan account statement, your repayment schedule, and all other details of your doctor loan are available on our customer portal, My Account. In fact, you can see details of all your previous transactions with Bajaj Finserv under the My Relations tab on the customer portal.

What is the maximum loan amount you can get with a doctor loan?

Bajaj Finserv offers doctor loans of up to Rs. 80 lakh. You can check the doctor loan amount pre-approved for you by sharing a few basic details with us. Alternatively, you can enter your details in the online form and apply for a doctor loan.

What is the difference between a Flexi Hybrid Loan and a Term Loan?

A Flexi Hybrid Loan and a Term Loan are two variants of doctor loans offered by Bajaj Finserv.

A Term Loan is a regular doctor loan, where you avail of the amount you need and repay it over the loan tenure. Your instalments comprise an interest component and a principal component, and the EMI amount remains fixed throughout the tenure.

The Flexi Term Loan is a smart loan option that gives you access to a loan limit that you can withdraw from and repay as per your convenience. With the Flexi Hybrid Loan, you have the option of interest-only EMIs for the initial part of the tenure.

As the name suggests, the Flexi variants are more flexible, and offer you the chance to reduce the burden of loan repayments.

How do I apply for a loan for doctors?

If you are a pre-approved customer of Bajaj Finserv, you can check your doctor loan offer by entering your name and phone number here. With pre-approved offers of up to Rs. 80 lakh, applying for a doctor loan is quick and easy.

If you are new to Bajaj Finserv, you can apply for a doctor loan by filling up the online application form and submitting your KYC and other documents. Make sure you read about the documents required and the eligibility criteria before applying for a doctor loan.

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