MSME loan for Doctors

High loan value

Get an unsecured loan of up to Rs. 55 lakh or a secured loan of up to Rs. 5 Crore.
Faster processing and instant funds

The loan application process with Bajaj Finserv is swift. Receive the amount within 48 hours*.
Nominal documentation and no collateral

Now you can get an MSME loan for doctors with minimal paperwork and without keeping any security.
Repayment flexibility

Pick a tenor of up to 96 months and repay your loan easily.
Flexi loan facility

With Bajaj Finserv’s Flexi loan facility, you can lower your EMIs by up to 45%*.
No additional charges on part-payment

You can part-prepay your loan without any extra charges. The prepaid amount should be at least equal to 3 EMIs.

*Conditions apply

You can now get an MSME loan for doctors from Bajaj Finserv by meeting the below-mentioned eligibility criteria.

Super specialist doctors (MD/DM/MS): MBBS degree to be registered with the medical council
Graduate doctors (MBBS): Degree to be registered with the medical council
Dentists (BDS/MDS): Minimum 5 years of post-qualification experience
Ayurvedic and homeopathic doctors (BHMS/BAMS): Minimum 2 years of post-qualification experience

Bajaj Finserv offers MSME loans for medical professionals against an affordable interest rate and nominal charges.

Types of fees	Charges applicable
Rate of interest	11%- 18% p.a (Inclusive of Insurance Premium, VAS Charges, Documentation Charges, Flexi fees and Processing Fees)
Processing fee	Up to 2.95% (Inclusive of applicable taxes) of the loan amount* *Loan amount is inclusive of Insurance Premium, VAS Charges, Documentation Charges and Flexi Fees.
Document/ statement charges	Download your e-statements/ letters/ certificates for free from My Account. Physical copies of your statements/ letters/ certificates/ other documents from any of our branches at Rs. 50 (inclusive of taxes) per statement/ letter/ certificate.
Penal interest	3.50% per month
Bounce charges	Up to Rs. 1,500 (inclusive of applicable taxes)
Document processing charges	Up to Rs. 2,360 (plus taxes)

Frequently asked questions

No, it is not necessary to submit income proof to secure a MSME Loan.

Yes, you can use the MSME loan for doctors to hire new staff as it does not have end-use restrictions.

Yes, you can apply for an MSME loan for doctors online via Bajaj Finserv’s official website.

Yes, you can foreclose an MSME loan for doctors before the tenor ends by paying nominal charges.