What makes Bajaj Finservs Flexi Loan for Doctors a winner
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What makes Bajaj Finservs Flexi Loan for Doctors a winner

  • Highlights

  • Withdraw funds as many times as you wish to

  • Pay interest only on the amount that you use

  • Choose to pay only the interest component as EMIs

  • Make use of flexible part prepayment terms

As a medical professional and business owner, you have the responsibility to attending to various aspects of your practice while juggling your personal life. Some of these needs may require immediate and simultaneous attention. For example, you may have to buy new diagnostic equipment at the same time that you have to pay for the clinic’s lease renewal. Instead of staggering your needs or prioritising one over another, you can easily fund all of them using funds from a tailor-made loan such as the Bajaj Finserv Doctor Loan. This loan comes with a Flexi Loan facility, which allows you to withdraw funds as per your requirement. Alongside withdrawing funds flexibly, you get access to a host of other benefits. You can make use of a Flexi Loan when you opt for a personal loan, business loan, home loan or loan against property from Bajaj Finserv.
Take a closer look at the benefits that make Bajaj Finserv’s Flexi Loan for Doctors a winner.

Choice to withdraw funds as per your needs

If you are planning your child’s wedding, you will need funds to make all the bookings. Vendors like caterers, beauticians, designers and photographers will ask to you to make at least a portion of the payment up front. With the Bajaj Finserv Flexi Doctor Loan, you can get up to Rs.35 lakh to pay for all these expenses as and when the need arises. So, if you have a total amount of Rs.30 lakh, you can withdraw Rs.5 lakh first to take care of venue costs. Then, you may withdraw another Rs.2 lakh to pay advances to other vendors, one month later. Also, there is no restriction on the number of times you can withdraw funds.

Option to pay interest only on what you use

Let’s say that while renovating your clinic, you feel that it makes sense to convert your clinic’s garage as a supplies room. This way, you will be able to accommodate more doctors within the premise. So, you can pledge a property and borrow funds of up to Rs.2 crore with the Loan Against Property for Doctors. With the Flexi Loan facility, you can only have to pay interest on what you use, and not the total amount. So, if you use Rs.5 lakh first to repaint your clinic, you will pay interest only on this amount. If you then withdraw another Rs.5 lakh to remodel the garage, you will then pay interest on Rs.10 lakh. The balance amount will be interest-free. By paying interest only on what you use, you can save a significant amount of money.

Access to online services

This suite of loans allows you to finance every need in a time-efficient manner. You can apply for the loan easily through an online form, and get approval and disbursal to your account in just 24 hours. Also, you can track your loan online too and view interest statements and outstanding balance at your convenience. Besides, every time you need funds, you need not apply for a fresh loan. You can simply make a request online.

Doctor Loans - Everything You Wanted To Know

Flexi Loans Against Property for Doctors

If you want to avail a higher loan amount, then alternative to a Business Loan for Doctors you can take a Loan Against Property for Doctors in a flexi format which offers funds up to Rs.2 crore. With such a secured loan you can fund any fund any high-ticket purchase- from upgrading to the latest technology and equipment, purchasing a modern ambulance or be it to tapping new markets and increasing your patient base- this loan has multiple applications with no end-use restrictions. What’s more is that you can avail this loan to meet your personal expenses too.

Flexible repayment options for better financial planning

Choose to repay your personal or business loan within a tenor ranging from 12–96 months. If you take a home loan or a loan against property, this tenor is longer and extends up to 18 years. Further, when you take a Flexi Loan, you can break up your payments into interest-only EMIs and repay the principal at the end of the tenor. You can also make part prepayments towards the principal without paying any extra charge. All this helps you to manage your cash flow more easily and make repayment more convenient for yourself.

So, with the Bajaj Finserv Flexi Loan for Doctors by your side, you can make the most of a high loan amount and flexible withdrawal and repayment terms to take care of personal and professional expenses.

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