Features and benefits of loan against property for doctors

  • Speedy processing
    Speedy processing

    Access funds quickly, with approval in 24 hours*, courtesy of easy eligibility, minimal documentation, and an online application.

  • Flexi facility
    Flexi facility

    Borrow from your loan limit on the go and pay interest on the amount borrowed only. Prepay funds at no extra cost.

  • Easy balance transfer
    Easy balance transfer

    Switch lenders without any hassles to enjoy cost-effective repayment terms and a high-value top-up loan.

  • Convenient repayment
    Convenient repayment

    Align your EMIs to your practice’s revenue with flexible tenors ranging up to 144 months.

  • Pre-approved offers
    Pre-approved offers

    Avail of exclusive offers to obtain a quick loan against property for doctors tailored to your financial profile.

  • Digital loan account
    Digital loan account

    View your loan statements, part-prepay funds, and more through our customer portal – Experia.

  • Property search services
    Property search services

    Discover the perfect property for your home or clinic with professional, in-person assistance from search to purchase.

  • Property dossier
    Property dossier

    Get a comprehensive report that explains the financial and legal aspects of being a property owner.

  • Customised insurance
    Customised insurance

    Protect your family from financial difficulties in case of unforeseen events by securing coverage against a one-time premium.

Availing of a Bajaj Finserv Loan Against Property for Doctors helps you access secured, high-value financing for all your needs, be it equipping a new nursing home, expanding a clinic, or refinancing an existing mortgage loan. Get up to Rs. 2 crore by meeting simple eligibility criteria and providing a basic set of documents. The approval process is speedy, and you receive the funds in your account without delays. For ease of repayment, you can spread your EMIs over 36 months to 144 months.

With the Flexi facility, you get a pre-approved loan limit against which you can borrow when you need and prepay when you can as many times as you wish and at zero extra charges. You are charged interest on the amount you borrow only. For up to 45%* lower instalments during the initial tenor, opt to pay just the interest as EMI.

*Conditions apply

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Eligibility criteria for loan against property for doctors

The eligibility criteria for loan against property for doctors are easy to meet.

You must be a:

  • 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

Additionally, you should:

Documents required for loan against property for doctors

To prove your eligibility for a loan against property for doctors you must produce basic documents only:

  • KYC of authorised signatories
  • Medical registration certification
  • Copy of property papers of the house to be mortgaged
  • Other financial documents

Fees and charges of loan against property for doctors:

Being a secured loan, you obtain financing against attractive interest rates and fees.

Types of fees

Charges applicable

Rate of interest

12.50% p.a. onwards

Processing fee

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 the 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

Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 2% per month on the monthly instalment/ EMI outstanding, from the date of default until the receipt of monthly instalment/ EMI.

Bounce charges

Rs. 2,000 inclusive of applicable taxes

Document processing charges

Rs. 2,000 + applicable taxes

Property Insight

Rs. 6,999 inclusive of applicable taxes

Stamp Duty

At actuals. (as per state)


Annual/ Additional maintenance charges

Loan variant

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 Hybrid loan

0.5% of the loan amount + applicable taxes during the initial tenor.

0.25% of the current Flexi term loan amount + applicable taxes during 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)

4% + applicable taxes on the outstanding loan amount payable by the borrower on the date of such full prepayment.

Flexi term loan

4% + applicable taxes of the total withdrawable amount as per the repayment schedule on the date of such full prepayment.

Flexi Hybrid loan

4% + applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full prepayment.


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.

How to apply for loan against property for doctors

You can apply for a Bajaj Finserv Loan Against Property for Doctors online by following these simple steps:

  1. 1 Fill out the online doctor loan form
  2. 2 Receive a confirmation call within 24 hours from our executive and know your approved loan amount
  3. 3 Submit the required documents with our representative
  4. 4 Await approval, which happens within 24 hours of document submission

You can also write to doctorloan@bajajfinserv.in for assistance.