Trusted by 3 lakh+ customers
Loan Amount
₹
Features and benefits of our Lawyer Loan
3 unique variants
We have 3 new unique variants – Term Loan, Flexi Term Loan, Flexi Hybrid Loan. Choose the loan variant that works best for you.
No part-prepayment charge on Flexi variants
With Flexi variants, you can borrow as many times as you want to and part-prepay whenever you can. No extra charges.
Loan of up to ₹25 lakh
Get loans from ₹2 lakh to ₹25 lakh to manage your small/ large expenses. Available through an end-to-end online application process.
Convenient tenures of up to 8 years
Get the added flexibility to pay back your loan with repayment options ranging from 12 months to 96 months
Money in your bank account in 48 hours*
Complete your entire application online from the comfort of your home or wherever you are and get approval on your loan in just 48 hours.
No hidden charges
All the fees and charges are clearly mentioned on this page and in your loan documents. Please read these in detail.
Know about our fees and charges
No collateral required
You do not have to provide any collateral or security such as gold ornaments or property to get our doctor loan.
End-to-end online application process
You can apply for our Lawyer loan anytime, from the comfort of your home or from wherever you are.
*Terms and conditions apply
Still haven’t found what you’re looking for? Click on any of the links at the top of this page.
Eligibility and documents
Any lawyer can apply for our loan for lawyers, as long as you meet four basic criteria mentioned below. You will also need a set of documents to complete the application process.
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Eligibility criteria
- Nationality: Indian
- Age: 22 years to 72 years *
- CIBIL Score: 650 or higher
- SANAD registration: Degree to be registered with the bar council
*Age should be 72 years or less at the end of your tenure
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Documents required
- KYC documents - Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
- PAN card
- SANAD registration certificate
*Additional documents required, if any, will be communicated during the application process.
How to apply for a lawyer loan
Step-by-step guide to applying for a lawyer loan
- Click on the ‘APPLY’ button on this page.
- Enter your 10-digit mobile number and OTP.
- Fill in the application form with your basic Lawyer and professional details.
- Once you fill out the form, click on ‘PROCEED’.
- Update the KYC details.
Schedule an appointment for document verification.
*Note: Keep your SANAD registration certificate handy to finish the KYC process.
Applicable fees and charges on our Lawyer Loan
Types of fees |
Applicable charges |
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Rate of interest |
11% - 17% per annum |
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Processing fee |
Up to 2.95% of the loan amount (inclusive of applicable taxes) |
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Flexi facility Charge |
Term Loan: Not applicable
*The Flexi charges above will be deducted upfront from the loan amount *Loan amount includes approved loan amount, insurance premium, VAS charges, and documentation charges. |
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Prepayment charges |
Full prepayment (Foreclosure) Foreclosure can be processed post clearance of first EMIs
Part prepayment
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Annual maintenance charges |
Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Up to 0.472% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges Flexi Hybrid Term Loan:
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Bounce charges |
Rs. 1,500 per bounce. “Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason. |
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Penal charge |
Delay in payment of instalment(s) shall attract Penal Charge of 36% per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
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Stamp duty (as per respective state) |
Payable as per state laws and deducted upfront from the loan amount |
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Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.