Professional loan
Professional loans are personalised credit offerings for working professionals such as doctors and chartered accountants who need funds to expand or start their practice. These loans are tailor-made to suit the financial needs of these professionals, such as for clinic expansion or to start a new office or branch.
Bajaj Finserv offers a range of special loans to help professionals like doctors and chartered accountants (CAs) meet their financial goals.
Our professional loans are designed keeping in mind the diverse professional and financial commitments of doctors and CAs. They are offered with simple eligibility criteria, minimal documentation, and quick disbursal of funds.
Learn all about Bajaj Finserv Professional Loans and see how you can get the required money when you need it.
Professional loan for doctors
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Big loans for your big expenses
Choose from an unsecured loan of up to Rs. 55 lakh**.
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Flexi Loan facility
Select the Flexi Loan facility and pay interest-only EMIs on your unsecured loan.
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Online application, minimal documentation
Submit just a few documents and complete your loan application online in minutes.
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Loan processing in 48 hours*
Get funds in your bank account in 48 hours* with quick approvals and faster processing.
*Terms and conditions apply.
**(Inclusive of Insurance Premium, VAS Charges, Documentation Charges, Flexi fees and Processing Fees)
Professional loan for chartered accountants
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Funds to meet all your expenses
Get an unsecured loan up to Rs. 55 lakh**.
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Flexi Loan facility
Borrow as many times as you want with the Flexi Loan facility and make part-prepayments whenever you can. No extra charges.
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Digital application, simple documentation
Submit only a few basic documents and complete your application from your phone or computer.
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Money ready in 48 hours*
Get quick approval, fast processing, and money in your bank within 48 hours*.
*Terms and conditions apply.
**(Inclusive of Insurance Premium, VAS Charges, Documentation Charges, Flexi fees and Processing Fees)
Applicable fees and charges
| Types of fees | Charges applicable |
| Rate of interest | 11% - 18% per annum |
| Processing fee | Up to 2.95% of the loan amount (inclusive of applicable taxes) |
| Documentation charges | Up to Rs. 2,360/- (inclusive of applicable taxes) |
| Flexi fee | Term Loan: Not applicable *The Flexi charges above will be deducted upfront from the loan amount. *Loan amount includes approved loan amount, insurance premium, VAS charges and documentation charges. |
| Prepayment charges |
Full prepayment • Term Loan: Up to 4.72% (inclusive of applicable taxes) of the outstanding loan amount as on the date of full prepayment • Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment • Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment Part prepayment • Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part prepayment • Not applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid Loan |
| Annual maintenance charges | Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges Flexi Hybrid Loan: • Up to 0.59% (inclusive of applicable taxes) of the total withdrawable amount during initial tenure • Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure |
| Bounce charges | In case of default of repayment instrument, Rs. 1,500/- per bounce will be levied. |
| Penal interest | Delay in payment of monthly instalment shall attract penal interest at the rate of 3.50% per month on the monthly instalment outstanding, from the respective due date until the date of receipt of monthly instalment. |
| Stamp duty | Payable as per state laws and deducted upfront from the loan amount |
| Mandate rejection service charges | Rs. 450/- per month from the first month of due date for mandate rejected by customer’s bank until the new mandate is registered |
| Broken period interest/ pre-EMI interest | Broken period interest/ pre-EMI interest shall mean the amount of interest on loan for the number of day(s), which is (are) charged in two scenarios: Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, broken period interest is recovered by the following methods: • For Term Loan: Deducted from the loan disbursement • For Flexi Term Loan: Added to the first instalment • For Flexi Hybrid Loan: Added to the first instalment Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, interest is charged only for the actual number of days since the loan was disbursed. |
| Switch fees | Up to 1.18% of the loan amount (inclusive of applicable taxes) (Switch fee is applicable only in case of switch of loan. In switch cases, processing fees and documentation charges will not be applicable.) |
| Mandate registration charges | In case of UPI mandate registration, Re. 1 (inclusive of applicable taxes) will be collected from the customer. |
Frequently asked questions
Professional loans are specialised loans for salaried or self-employed professionals such as doctors or chartered accountants. Bajaj Finance offers a collateral-free loan for professionals up to Rs. 55 lakh. You can use the loan practice expansion, purchasing equipment, and so on.
To be eligible for a professional loan, you should be an Indian citizen between 22 years to 73 years* and should have a CIBIL Score of 685 or higher. In addition, doctors should have a degree registered with the medical council and CAs should have a certificate of practice.
You can use a professional loan to invest in advanced courses or pursue higher education abroad to upgrade your skills. The only requirement is you should meet the eligibility criteria.
Yes, you can get a professional loan as the loan is available for self-employed and salaried professionals. Doctors require their medical registration certificate, and CAs their certificate of practice, along with a valid KYC document to apply for the loan.
The process to apply for a professional loan is simple with minimal documentation.
You will need a KYC document and your medical registration certificate to apply for a doctor loan.
Read about doctor loan application
You will require your certificate of practice and a KYC document to apply for a CA loan.
Learn how to apply for a CA loan
Indian citizens between 22 years to 73 years* can apply for a professional loan such as a doctor loan or a loan for chartered accountants.
*Age should be 73 years or less at the end of your tenure.
Bajaj Finance offers unsecured loan for professionals such as doctors and chartered accountants based in India. Doctors can get unsecured loans of up to Rs. 55 lakh to manage their clinic expenses. Chartered accountants can apply for unsecured loans of up to Rs. 55 lakh. You do not need to provide any collateral or guarantor to get an unsecured professional loan.
