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Loan Against Property For Doctors

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Loan Against Property For Doctors : Features & Benefits

Convenient, quick, and customised for you. Bajaj Finserv Loan Against Property for Doctors is designed to help you get secured high-value financing for all your needs – from equipping your new nursing home, to expanding your clinic space, or refinancing your existing Home Loan. Get a Loan Against Property up to Rs. 2 crore, with approval in just 24 hours.

  • Loan up to Rs. 2 crore

    Loan Against Property up to Rs. 2 crore, for all your financial needs

  • Quick processing

    Online application process with minimal documentation and approval in 24 hours, to save your time

  • Flexi loan facility

    Flexi loan facility, with a fixed loan limit given to you for a pre-decided tenor. Withdraw and prepay funds from within this loan limit, and choose to pay only the interest component of your loan as monthly EMIs. Interest is charged only on the amount utilised. Prepay the principal amount without any charge, or repay it at the end of the loan tenor, as per your convenience.

  • Easy balance transfer facility

    Transfer of your existing home loan balance, so that you get the benefits of an attractive interest rate, a high-value top-up loan

  • Flexible repayment tenors

    Tenors ranging up to 18 years, to fit your repayment preference

  • Pre-approved offers

    Exclusive pre-approved offers, so you get more value for your money

  • Online account management

    Complete online management of your Home Loan account, for your convenience

  • Property Search Services

    Assistance with discovering the perfect property for your home or clinic, from search to purchase

  • Property dossier

    A report to familiarise you with the financial and legal aspects of being a homeowner

  • Customised Insurance Schemes

    Customised insurance schemes against the payment of a one-time premium, to protect your family from financial difficulties in case of unforeseen events

Eligibility Criteria

The eligibility criteria for Loan Against Property for Doctors are easy to meet. They are:
  • Super-specialist doctors (MS/MD/DM)
  • Minimum 2 years post-qualification experience required
  • Graduate Doctors (MBBS)
  • Minimum 3 years of post-qualification experience required
  • Dentists (BDS/MDS)
  • Minimum 5 years of post-qualification experience required
  • Ayurvedic and Homeopathic Doctors: BHMS/BAMS
  • Minimum 5 years of post-qualification experience required, and must own a house or clinic*
  • Homeopathic Doctors: DHMS
  • Minimum 15 years of post-qualification experience required, and must own a house or clinic*

*You must also own a house or clinic, or your parents must own a house, in a location where Bajaj Finserv operates.
 

Loan Against Property for Doctors – Documents Required

Bajaj Finserv Loan Against Property for Doctors requires minimal documentation, for faster processing. These documents are:

  • KYC of authorised signatories

  • Medical registration certification

  • Income Tax returns, balance sheet, and P/L account statements for the previous 2 years

  • Copy of property papers of the house to be mortgaged

Fees and Charges

Types of Fees Charges Applicable
Rate of interest 12.5 % p.a. onwards
Processing fees Up to 2% of the loan amount (Plus Applicable Taxes)
DOCUMENT/STATEMENT CHARGES
Statement of Account/ Repayment Schedule/Foreclosure Letter/No Dues Certificate/Interest Certificate/List of documents
Download your e-statements/letters/certificates at no extra cost by logging into Customer Portal – Experia.
You can get a physical copy of your statements/letters/certificates/List of Documents from any of our branches at a charge of Rs. 50/- (Inclusive of Applicable taxes) per statement/letter/certificate.
Penal interest 2% per month
Bounce charges Rs. 2000 inclusive of Applicable taxes
Document processing charges Rs. 2000 + applicable taxes
Property Insight Rs.6999 inclusive of applicable taxes

Annual Maintenance Charges -

Details Charges
Flexi Term Loan 0.25% of the current Flexi Term Loan amount + Applicable taxes (as per the repayment schedule) on the date of levy of such charges
Flexi Dropline Loan 0.5% of the loan amount + Applicable taxes during initial tenure. 0.25% of the current Flexi Term Loan amount + Applicable taxes during Subsequent Tenure

Full Pre-Payment (Foreclosure) Charges

Loan Variant Applicable Charges
Loan (Term Loan/Advance EMI/ Step-Up Structured Monthly Instalment/ Step-Down Structured Monthly Instalment) If the loan is foreclosed before 12 months from the date of the sanction of the loan - 6% + applicable taxes on the outstanding loan amount payable by the Borrower on the date of such full Pre-Payment.
If the loan is foreclosed after 12 months from the date of the sanction of the loan – 4% + applicable taxes on the outstanding loan amount payable by the Borrower on the date of such full Pre-Payment.
Flexi Term Loan If the loan is foreclosed before 12 months from the date of the sanction of the loan – 6% + applicable taxes of the Total Withdrawable Amount as per the repayment schedule, on the date of such full Pre-Payment.
If the loan is foreclosed after 12 months from the date of the sanction of the loan – 4% + applicable taxes of the Total Withdrawable Amount as per the repayment schedule, on the date of such full Pre-Payment.
Flexi Hybrid Loan If the loan is foreclosed before 12 months from the date of the sanction of the loan – 6% + applicable taxes of the Total Withdrawable Amount as per the repayment schedule, on the date of such full Pre-Payment.
If the loan is foreclosed after 12 months from the date of the sanction of the loan – 4% + applicable taxes of the Total Withdrawable Amount as per the repayment schedule, on the date of such full Pre-Payment

Part-Prepayment Charges

Borrower Type Time Period Part-Prepayment Charges
Not applicable if the Borrower is an Individual and the Loan is availed on floating interest rate and not applicable for Flexi Term Loan/Hybrid Flexi variant More than 1 month from date of loan disbursal. 2% + applicable taxes on part-payment amount paid.

Loan Against Property for Doctors – How to Apply

You can apply for a Bajaj Finserv Loan Against Property for Doctors offline as well as online. To apply offline, you can:

  • Write to us at doctorloan@bajajfinserv.in, or

  • SMS DLM to 9773633633, or

  • Give a missed call on 9266900069

To apply online, follow these simple steps:

  • 1

    step 1

    Click here and fill out the online application form

  • 2

    Step 2

    Receive a confirmation call within 24 hours from our executive to know your approved loan amount

  • 3

    Step 3

    Submit the required documents with our representative

  • 4

    Step 4

    The amount would be approved within 24 hours from documents Submission.

Loan Against Property For Doctors

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