What is a loan against property for doctors?
A loan against property is a type of financing that can be availed of by mortgaging one’s property.
Bajaj Finance offers loan against property for doctors of up to Rs. 10.50 crore*. The loan amount can be used to acquire new clinic premises, buy expensive medical equipment or even finance your child’s overseas education.
This loan has easy-to-meet eligibility criteria and can be availed of with minimum documentation. Your loan application is approved within 24 hours, and you can take advantage of additional benefits to manage your loan better.
Frequently asked questions
The loan amount a doctor can obtain through a loan against property in India depends on factors like the property's market value, the doctor's income, creditworthiness, and the lending institution's policies. Lenders typically offer a percentage of the property's market value as a loan, known as the loan-to-value (LTV) ratio, which generally ranges from 50% to 70%. Individual lender policies and the specific purpose for the loan may also impact the maximum loan amount. To determine the exact loan amount, doctors should contact potential lenders and discuss their financial situation and requirements.
