Features and benefits of MSME loan for doctors

  • High loan value

    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

    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

    Nominal documentation and no collateral

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

  • Repayment flexibility

    Repayment flexibility

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

  • Flexi loan facility

    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

    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

Eligibility criteria and documents required for MSME loan for doctors

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

Fees and charges of MSME loan for doctors

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

Is it necessary to submit income proof to obtain an MSME loan for doctors?

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

Can I use the MSME loan for doctors to hire new staff?

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

Is it possible to apply for an MSME loan for doctors online?

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

Can I foreclose an MSME loan for doctors with Bajaj Finserv before the tenor ends?

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

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