Also known as ‘Business Loan for doctors’, this is a loan for Consultants and Practicing Doctors working in a government / private clinic or a hospital. If you’re looking to expand your scale of operations to provide better service and treatment facilities, this Medical Loan for Doctors in India by Bajaj Finserv is something that ties together multiple benefits along with quick approvals and a low rate of interest.

Doctor Loan Fees and Charges:

With a loan tenor of up to 60 months and low rate of interest for Doctor Loan in India, the minimal fees and charges applicable are:

 

Charges applicable

Processing fees

2% of the loan amount will be deducted at the time of disbursal of the approved loan amount.

Secure fee

A convenience fee of Rs.1,999/- is applicable for online professional loans

EMI bounce charges

Rs.1,000 will be charged in the subsequent month for every bounce

 

Foreclosure Charges

Borrower Type: Interest Type Time Period (Months) Foreclosure charges
NA >1 4% plus applicable taxes on principal outstanding *

*Foreclosure: charges will be applicable on the current principal outstanding.
*Foreclosure charges for line of credit and Flexi loans will be calculated on the Current principal outstanding

 

Part prepayment charges

Borrower Type: Interest Type Time Period (Months) Part payment charges
NA >1 2% plus applicable taxes on part payment amount paid

*Part payment made should be more than 1 EMI
*Nil part payment charges for flexi

Contact Us

To know more, write to us at doctorloan@bajajfinserv.in