How to be eligible for a Doctor Loan
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How to be eligible for a Doctor Loan

  • Highlights

  • Look for a loan with minimal eligibility criteria

  • Bajaj Finserv’s Loan for Doctors is easy to qualify for

  • Match eligibility to secure better loan terms

  • Collect necessary documents to back up your eligibility

A Bajaj Finserv Loan for Doctors is a customised loan created for medical professionals like you, and can help you finance various needs. It covers a suite of four loans including personal loans and business loans in the unsecured category, and a loan against property and homeloan in the secured category. The eligibility criteria is simple, and depends on your qualification and extent of work experience. So, you can access these loans without undergoing a rigorous screening process.Being aware of the eligibility criteria will help you save time when you file your application. Take a look at what you need to know.

Eligibility for unsecured loans for doctors

For personal loans and business loans, the criteria are as follows:
1. Super-specialist doctors (MS/MD/DM) need no post-qualification experience
2. Graduate doctors (MBBS) need at least 2 years of post-qualification experience
3. Dentists (BDS/MDS) need at least 5 years of post-qualification experience
4. Ayurvedic and Homeopathic doctors (BHMS/BAMS) need at least 6 years of post-qualification experience, and must own a house or clinic

5. Homeopathic doctors (DHMS) need at least 15 years of post-qualification experience, and must own a house or clinic

Eligibility for secured loans for doctors

For loans against property and home loans, the criteria are as follows:
-Super-specialist doctors (MS/MD/DM) need at least 3 years of post-qualification experience
-Graduate doctors (MBBS) need at least 3 years of post-qualification experience
-Dentists (BDS/MDS) need at least 5 years of post-qualification experience
-Ayurvedic and Homeopathic doctors (BHMS/BAMS) need at least 6 years of post-qualification experience, and must own a house or clinic
-Homeopathic doctors (DHMS) need at least 15 years of post-qualification experience, and must own a house or clinic

Doctor Loans - Everything You Wanted To Know

Fees and charges on BL for doctors

Documents required to prove your eligibility

Meeting the eligibility criteria is half the job done. Next, you must submit the necessary documents that act as proof of your eligibility.When you apply with Bajaj Finserv for a Loan for Doctors, the list of documents that you have to submit is minimal too. You only have to submit KYC documents, medical registration certification and your financial documents. if you are applying for a secured loan, you will also have to submit a copy of the papers of the property that you are offering as collateral.


Matching these criteria will not only help increase the chances of approval, but also enable you to speed up the task of raising finance. Also, if you’re an ideal fit, you have a better chance of getting a higher loan amount and negotiating better terms when it comes to tenor. So, before you proceed with your application, be sure to pay attention to the eligibility criteria.

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