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Loan Against Property For Doctors

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Loan Against Property For Doctors : Features and Benefits

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 of up to Rs.2 crore, with approval in just 24 hours*.

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    High-loan sanction

    Loan against property up to Rs.2 crore, for all your big financial needs.

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    Quick processing

    Online application process with minimal documentation followed by quick approval in just 24 hours* save your time and help you meet your urgent expenses.

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    Flexi loan facility

    With the Flexi loan facility, you can withdraw funds as per your need from a sanctioned loan limit and prepay when you want. You can also choose to pay only the interest component of your loan as monthly EMIs and lower your instalment by up to 45%*.

  • Easy balance transfer facility

    Transfer your existing loan against property balance with us and get additional benefits such as an attractive interest rate and a high-value top-up loan.

  • Flexible repayment tenors

    Tenors ranging up to 144 months, to fit your repayment preference.

  • Pre-approved offers

    Customised pre-approved offers for you to expedite your borrowing process.

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    Online account management

    Complete online management of your loan against property account with our customer portal – Experia.

  • 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 (MD/DM/MS) - Minimum 2 years of post-qualification experience
  • • Graduate Doctors (MBBS) - Minimum 2 years of post-qualification experience
  • • Dentists (BDS/MDS) - Minimum 2 years of post-qualification experience
  • • Ayurvedic and Homeopathic Doctors: BHMS/BAMS - Minimum 2 years of post-qualification experience

*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:

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    KYC of authorised signatories

  • Medical registration certificate

  • ITR, balance sheet, and Profit/Loss account statements for the previous 2 years

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    Copy of ownership papers of the property to be pledged.

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 tenor. 0.25% of the current Flexi Term Loan amount + applicable taxes during the subsequent tenor

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 - 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 – 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 the floating interest rate and not applicable for Flexi Term Loan/Hybrid Flexi variant. More than 1 month from the 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 in an easy online application form:

To apply online, follow these simple steps:

  • 1

    Step 1

    Click here and fill out the online application form by sharing your basic details

  • 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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