Loan Against Property up to Rs. 2 crore, for all your financial needs
Online application process with minimal documentation and approval in 24 hours, to save your time
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.
Transfer of your existing Home Loan balance, so that you get the benefits of an attractive interest rate, a high-value top-up loan
Tenors ranging up to 18 years, to fit your repayment preference
Exclusive pre-approved offers, so you get more value for your money
Complete online management of your Home Loan account, for your convenience
Assistance with discovering the perfect property for your home or clinic, from search to purchase
A report to familiarise you with the financial and legal aspects of being a homeowner
Customised insurance schemes against the payment of a one-time premium, to protect your family from financial difficulties in case of unforeseen events
*You must also own a house or clinic, or your parents must own a house, in a location where Bajaj Finserv operates.
Bajaj Finserv Loan Against Property for Doctors requires minimal documentation, for faster processing. These documents are:
| Types of Fees | Charges Applicable |
|---|---|
| Rate of interest | 16% onwards |
| Processing fees | 1.5% + applicable taxes |
| Loan statement charges | NIL |
| Outstation collection charges | Rs.65* per repayment instrument |
| Other penal charges | NIL |
| Stamp duty | Percentage or Amount – Mentioned state wise |
| Upfront interest | NIL |
| Service charges | NIL |
| Mortgage Origination Fee (MOF) | Rs. 5000 |
| Penal Interest | 2% per month + applicable taxes |
| Bounce charges | Rs. 2000 inclusive of taxes |
| Pre-payment charges (Not applicable if the Borrower is an Individual and the Loan is availed on floating interest rate) | 2% + applicable taxes |
| Foreclosure charges (if any) | 4% + applicable taxes |
| Any change in the terms, number of days notice published through company’s website/electronic media | 30 days |
| Notice period for exercise of right of lien/setoff | 7 days |
| 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 |
Applicable following 1st EMI clearance.
| Details | Full Pre-Payment Charges |
|---|---|
| Loan (Term Loan/Advance EMI/ Step-Up Structured Monthly Instalment/ Step-Down Structured Monthly Installment) | 4% on the Loan amount + applicable taxes outstanding as on the date of such full Pre-Payment |
| Flexi Term Loan | 4% on the current Flexi Term Loan amount + applicable taxes (as per the repayment schedule) on the date of levy of such charges |
| Flexi Dropline Loan | 4% on the Loan amount during Initial Tenure 4% on the current Flexi Term Loan amount + applicable taxes during Subsequent Tenure |
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:
Click here and fill out the online application form
Receive a confirmation call within 24 hours from our executive to know your approved loan amount
Submit the required documents with our representative
The amount would be approved within 24 hours from documents Submission.
