How Can Doctors Benefit from a Bajaj Finserv Loan Against Property?
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How Can Doctors Benefit from a Bajaj Finserv Loan Against Property?

  • Highlights

  • A loan against property gives you 60%–80% of the pledged property’s value

  • A multi-purpose loan finances all your personal and professional needs

  • Get high loan amount, affordable interest, quick funds and more



What is a loan against property?

Like the name suggests, a loan against property for doctors is an easy way to get access to credit when you pledge property. This is a secured loan where the security is your property. As long as the property is in your name, you can use this to get access to funds. Medical professionals can avail this for-

1.Loan Against commercial property
2.Loan Against residential property
3.Loan for purchase of commercial property
4.Flexi loan

A Multi-purpose loan

Bajaj Finserv’s Loan Against Property for Doctors has no restrictions on the uses and takes care of all your professional and personal needs.

How does a loan against property work?

The quantum of your loan against property depends on the value of asset. Lenders usually allow 60% to 80% of the value of the pledged property as a loan. For instance, if a property worth Rs.50 lakh is mortgaged for a loan against property, borrowers can avail Rs.30 lakh to Rs.40 lakh as loan depending on the lender’s discretion.

Benefits of taking a Bajaj Finserv loan against property for doctors:


High loan amount:

The upper limit of a loan against property is Rs.2 crore. But, remember that the actual loan amount depends on the value of the property. If the property has a higher value, you can expect a substantial loan and vice-versa.

Additional Read : Indemnity Insurance For Doctors: All You Wanted To Know

Affordable interest rate:

A loan against property is a secured loan where the lender can sell the mortgaged property to paying off the outstanding loan in case the borrower defaults. Since the lender’s default risk is low, the interest rates are also low. This reduces EMIs and makes the loan easy to repay. Loans against property offer lower interest rates as compared to unsecured loans like personal and business loans. .

Flexible tenor:

You have the option to pick a tenor, as per your financial situation, of up to 240 months. This way, the interest and repayment is split over a longer period of time. As a result, each EMI becomes much more affordable

Quick processing:

Secured loans take more time to process as compared to unsecured loans; however, your loan against property will be approved within 24 hours.

Additional Read : Why Should Doctors Choose Bajaj Finserv’s Professional Indemnity Policy?

Loan Against Property for Doctors

Flexi Loans

An industry-first financing solution by Bajaj Finserv, a Flexi Loan lets you withdraw as per your needs and repay as you can, with interest being charged only on the used amount. In case you have idle funds, you can prepay the outstanding amount at no additional cost. You also have the option to pay only interest as EMIs, with principal payable at the end of the tenor. You can save upto 45% on EMIs with a Bajaj Finserv Flexi Loans.

Added convenience

Bajaj Finserv offers services door-to-door services where the documents required for the loan are collected right from your doorstep. This makes your loan application a hassle-free and super convenient process.

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