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Doctor Loan

No collateral | Loan up to Rs. 80 lakh | Tenure up to 96 months
Doctor Loan
No collateral | Loan up to Rs. 80 lakh | Tenure up to 96 months
DL_PDP_01_NoCollateral
No collateral
DL_PDP_03_Three_Unique_Variants
3 unique variants
DL_PDP_04_Minimum_Documentation
Minimal documentation
DL_PDP_02_Quick_Disbursal
Disbursal in 48 hours*
DL_PDP_01_NoCollateral
No collateral
DL_PDP_03_Three_Unique_Variants
3 unique variants
DL_PDP_04_Minimum_Documentation
Minimal documentation
DL_PDP_02_Quick_Disbursal
Disbursal in 48 hours*
Doctor Loan EMI Calculator

Doctor Loan EMI Calculator

Plan your instalments better

Features and benefits of our doctor loan

  • 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 fee 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 of up to Rs. 80 lakh

    Get a professional loan for doctors from Rs. 2,00,000 to Rs. 80 lakh to manage your small/ large expenses. Available through an end-to-end online application process.

  • Convenient tenures of up to 8 years

    We offer extended repayment tenures of up to 96 months so that you can repay your loans comfortably.
  • 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

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

    Know about the fees and charges on our doctor loan

  • 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

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

Enhance your medical practice with a doctor loan. Whether you are renovating your clinic, expanding your practice, upgrading equipment, or starting a new venture, this loan offers the financial support you need for success. From creating a comfortable environment for patients to investing in state-of-the-art diagnostic equipment, Bajaj Finserv Doctor Loan empowers you to achieve your clinic's goals and provide top-notch healthcare services.

*Terms and conditions apply

Still haven’t found what you’re looking for? Click on any of the links at the top of this page.

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Eligibility and documents

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.

Documents required

  • 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.

How to apply for our doctor loan

Step-by-step guide to applying 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.

Applicable fees and charges on our doctor loan

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 (Foreclosure)

Foreclosure can be processed post clearance of first EMIs

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

Rs. 1,500 per bounce.
“Bounce charges” shall mean charges for non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason

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

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.
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.

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.)

Our loan variants

Loan variant What is it Flexibility Withdrawals EMIs Part-prepayment Charges Flexi Charges
Flexi Hybrid Loan Allows flexibility in borrowing and repaying within a specified loan limit. You can withdraw and repay multiple times within the approved limit. Interest-only EMI is charged only on the amount utilised. Easily withdraw funds from the sanctioned limit and prepay effortlessly with our most flexible loan variant. Get unrestricted access to funds with multiple withdrawals from the approved loan limit. Interest-only EMIs for the initial part of the loan tenure. EMI applicable only on the withdrawn amount. No part-prepayment charges. Nominal* Flexi charges applicable.
Flexi Term Loan Offers flexibility in borrowing and repaying within a specified loan limit. Your EMIs cover both the principal and interest for the withdrawn sum over the entire duration. Easily withdraw funds from the sanctioned limit and prepay effortlessly. More flexible than our regular term loan. Get unrestricted access to funds with multiple withdrawals from the approved loan limit. Fixed EMIs only on the withdrawn amount. No part-prepayment charges. Nominal* Flexi charges applicable.
Term Loan There is no pre-assigned limit. Involves borrowing a fixed amount for a specified term. Repayments are made through regular EMIs, comprising both principal and interest. Fixed loan structure and repayment schedule. Less flexible than our flexi term or flexi hybrid loans. Single disbursement of the loan amount. Fixed EMIs on the disbursed amount. Nominal* part-prepayment charges applicable. No Flexi charges.

*Please refer to the Interest Rates, Fees and Charges section for more details on Flexi charges and annual maintenance charges.

Frequently asked questions

What is a doctor loan?

A doctor loan is a financial product that is specifically designed to help medical professionals access financing to help them start or expand their practice. These loans usually offer lower interest rates and more flexible repayment terms than other types of loans.

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.

What are the different types of doctor loans?

There are several different types of doctor loans available to medical professionals, including bank loans, lines of credit, working capital loans, and equipment financing.

What are the various doctor loan schemes?

Medical professionals can access a variety of doctor loan schemes, such as bank loans, lines of credit, working capital loans, and equipment financing, catering to diverse financial needs.

What is the required CIBIL Score for a doctor loan?

A good credit score enhances the chances of approval. Medical professionals can apply for a Bajaj Finserv Doctor Loan if they have a CIBIL Score of 685 or higher.

Why should you consider a professional loan for doctors?

Considering a professional loan tailored for doctors offers numerous benefits. With our professional loan for doctors, you can fulfil various financial needs without any restrictions on usage. From procuring new healthcare equipment to investing in the latest medical technologies, consolidating high-interest debts, or expanding your clinic, this loan provides the necessary financial support. Additionally, minimal documentation requirements, quick approval, and flexible repayment options make it an ideal choice for doctors seeking financial assistance. Whether you are upgrading your practice or enhancing patient care, a professional loan for doctors is a convenient and efficient solution to meet your specific requirements.

How much loan can a doctor get in India?

The financial assistance provided by the Bajaj Finserv Doctor Loan extends up to Rs. 80 lakh. However, the approved amount depends on the applicant's credit history and repayment track record of any prior loans.

What is the loan repayment tenure for professional loans for doctors?

The repayment tenure for professional loans for doctors typically ranges from 12 months to 96 months. However, the exact duration may vary based on factors such as the loan amount, the applicant's financial profile, and the lender's terms and conditions.

Is it possible to get a professional loan for doctors without significant work experience?

Yes, it's possible to obtain a professional loan for doctors even without extensive work experience. Eligibility for such loans may depend on factors like qualifications, credit history, and repayment capacity, rather than solely on work experience. Contact us to explore your options and discuss eligibility criteria.

What are the types of calculators are available to assist with doctor loan decisions?

Bajaj Finance offers 4 variations of calculators to aid in doctor loan decisions:

  • Doctor Loan EMI Calculator
  • Doctor Loan Eligibility Calculator
  • Flexi Day-Wise Calculator
  • Flexi Transaction Calculator
     
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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.