Features and benefits of MSME loan for doctors
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High loan value
Get an unsecured loan of up to Rs. 50 lakh or a secured loan of up to Rs. 2 crore.
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Faster processing and instant funds
The loan application process with Bajaj Finserv is swift. Receive the amount within 24 hours*.
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Nominal documentation and no collateral
Now you can get an MSME loan for doctors with minimal paperwork and without keeping any security.
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Repayment flexibility
Pick a tenor of up to 96 months and repay your loan easily.
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Flexi loan facility
With Bajaj Finserv’s Flexi loan facility, you can lower your EMIs by up to 45%*.
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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 |
14%- 17% p.a. |
Processing fee |
Up to 2% of the loan amount (plus taxes) |
Document/ statement charges |
Download your e-statements/ letters/ certificates for free from Experia. 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 |
2% per month |
Bounce charges |
Up to Rs. 3,000 per bounce (inclusive of taxes) |
Document processing charges |
Up to Rs. 2,360 (plus taxes) |
Frequently asked questions
Yes, it is vital to submit income proof to secure an MSME loan for doctors.
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.