With personal finance for doctors up to Rs.42 lakh, you can meet various expenses like wedding, travel, education or consolidate all your debts into one single loan.
Online application process with minimal documentation followed by quick approval in just 24 hours* save your time and help you meet your urgent expenses.
With Flexi loan facility, you can withdraw funds as per your need from a sanctioned loan limit and prepay when you want. You can also choose to pay only the interest component of your loan as monthly EMIs and lower your instalment by up to 45%*.
You can select a tenor ranging from 12 months to 96 months as per your repayment capacity.
Minimal documentation, to save you the trouble of lengthy paperwork.
You can avail of an MSME loan for doctors online with minimal documents and without pledging any collateral.
You can part-prepay your loan without any extra charge. However, your prepaid amount must be equal to the value of 3 EMIs.
Customised pre-approved offers for you to expedite your borrowing process.
Bajaj Finserv offers the lowest doctor loan rate of interest. Read more about our doctor loan interest rate and charges below.
The following fees and charges are applicable on a personal loan for doctors:
|Types of Fees||Charges Applicable|
|Rate of interest||14 to 17% p.a.|
|Processing fee||Up to 2 % of the loan amount (plus applicable taxes)|
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 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 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||Up to Rs.3000 per bounce (inclusive of applicable taxes)|
|Document processing charges||Rs.2000 + applicable taxes|
|Stamp Duty||At actuals. (as per State)|
Annual/Additional Maintenance Charges
|Flexi Term Loan||0.25% plus applicable taxes of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges.|
|Flexi Hybrid Loan||0.25 to 0.5% plus applicable taxes of the total withdrawable amount during initial tenor. 0.25% plus applicable taxes of the total withdrawable amount during subsequent tenor.|
|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 pre-payment.|
|Flexi Term Loan||4% plus applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment.|
|Flexi Hybrid Loan||4% plus applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment.|
|Borrower Type||Time Period||Part-Prepayment Charges|
|Not applicable if the borrower is an individual and the loan is availed on floating interest rate and not applicable for Flexi Term Loan/Hybrid Flexi variant.||More than 1 month from date of loan disbursal.||2% + applicable taxes on part-payment amount paid.|
Mandate Rejection Service Charge*: Rs 450 (Inclusive of applicable taxes)
*Charges will be levied if new mandate form is not registered within 30 days from the date of rejection of previous mandate form by Customer’s Bank for any reasons whatsoever.
Note: Additional cess will be applicable for Kerala State for all products.
You can apply for a Bajaj Finserv Personal Loan for Doctors online by following these simple steps:
Click here and fill out the online application form
Receive a confirmation call within 24 hours from our executive to know your approved loan amount
Submit the required documents with our representative
Collateral-free finance up to Rs. 32 lakhAPPLY NOW
Instant activation with a pre-approved limit of up to Rs. 4 LakhGET IT NOW
Loan up to Rs.45 lakh, to help your business growAPPLY NOW
Coverage up to Rs.1 croreBUY NOW
You might have a pre-approved offer.
Share your mobile number to avail your exclusive pre-approved loan offer.
Please submit the six-digit OTP shared on your Mobile number
By clicking on submit, you agree to our terms and conditions.
Thank you! Our representative will call you about your Doctor Loan shortly.