You just received your MBBS degree and are considering the future. You were exposed to a variety of medical fields while earning your degree, but you still want to learn more. Why not go for an MD after MBBS and make a career in your chosen branch of medicine?
After completing your MBBS, you can easily pursue your MD with financial assistance from a loan designed specifically for doctors.
How to finance the fees for your MD course
Choose a professional loan for doctors
With a professional loan for doctors, you can get up to Rs. 80 lakh with a low interest rate and pay your MD course fees easily. The payback period for this loan is up to 8 years.
You can reduce your monthly payments if you choose the Flexi Loan option. This facility enables you to borrow only what you require, when you require it. Interest is only charged on amounts that you have withdrawn, leading to smaller monthly payments. Additionally, you can choose to pay solely interest as EMIs for the first part of the loan term.
Eligibility criteria for a doctor loan
After completing MBBS, any doctor between the ages of 22 years to 80 years* can apply for this loan to pursue an MD course after MBBS in India. In addition, a CIBIL Score of 685 is a must.
You need two documents to apply for this loan: your medical registration certificate and KYC.
Application process for a doctor loan
You may already have a pre-approved doctor loan if you are a current Bajaj Finserv customer. Provide your basic details here to see your offer.
Even if you do not have a pre-approved offer or are a new customer, obtaining a loan for doctors is straightforward. You can apply online by filling out a quick application form. Then, you must choose your preferred loan option and repayment duration. Before submitting an application, you must upload your papers.
The funds are paid into your account within 48 hours of the approval date, post a review and approval of your application.
Additional Read: Why you should do a PG course after MBBS
