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.
Loans for Doctors
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Big loans for your big expenses
Doctors can choose an unsecured loan up to Rs. 55 lakh** or get a home loan or loan against property up to Rs. 5 Crore.
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Lower your instalments with Flexi Loan
Select the Flexi Loan facility and pay interest only EMIs on your unsecured loan. Reduce your EMIs by up to 45%*.
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Online application, minimal documentation
Submit just a few documents and complete your loan application online.
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Loan processing in 24 hours*
With quick approval and fast processing, you can have the loan transferred to your bank account in just a day*.
*Terms and conditions apply
**(Inclusive of Insurance Premium, VAS Charges, Documentation Charges, Flexi fees and Processing Fees)
Loans for Chartered Accountants
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Funds to meet all your expenses
CAs can choose an unsecured loan up to Rs. 55 lakh**
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Flexi loan facility to reduce your EMIs
Pick the Flexi facility and pay interest only EMIs to lower your instalments by up to 45%*.
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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 a day*.
*Conditions apply
**(Inclusive of Insurance Premium, VAS Charges, Documentation Charges, Flexi fees and Processing Fees)
Professional loan interest rates
Bajaj Finserv offers loans for professionals at attractive interest rates and with nominal fees and charges.
Interest rates are as follows:
Type of fee |
Applicable charges |
Rate of interest |
11% to 18% per annum |
| Processing fees | Up to 2.95% of the loan amount (inclusive of applicable taxes). |
| Document processing charges | Up to Rs. 2,360/- (Inclusive of applicable taxes) |
Flexi Fee |
Term Loan – Not applicable Up to Rs. 3,999 (Inclusive of applicable taxes) for loan amount from Rs. 2,00,000/- to Rs. 3,99,999/- Up to Rs. 5,999 (Inclusive of applicable taxes) for the loan amount from Rs. 4,00,000/- to Rs. 5,99,999/- Up to Rs. 6,999 (Inclusive of applicable taxes) for the loan amount from Rs. 6,00,000/- to Rs. 9,99,999/- Up to Rs. 7,999 (Inclusive of applicable taxes) for the loan amount of Rs. 10,00,000/- and above |
Bounce charges |
Rs. 1,500 per bounce. |
Penal interest |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 3.50% per month on the monthly instalment/ EMI outstanding from the date of default until the receipt of the monthly instalment/ EMI. |
Pre-payment charges |
Full Pre-payment 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 Pre-payment |
Stamp duty |
Payable as per state laws and deducted upfront |
Mandate rejection 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. |
| 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. |
| Foreclosure charges | Term Loan – 4.72% inclusive of applicable taxes on the principal outstanding amount as on the date of such full pre-payment. Flexi Term Loan and Flexi Hybrid Loan: 4.72% inclusive of applicable taxes on total withdrawable amount (total loan amount that you can withdraw under Flexi Term Loan and Flexi Hybrid Loan from time to time as per the repayment schedule on the date of levy of such charges). |
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): Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the loan Method of recovery of Broken Period Interest/ Pre-EMI Interest: Scenario 2: Less than period of 30 (thirty) days from the date of disbursement of the loan, Interest on first instalment will be charged for actual number of days |
| Switch Fees* | Up to 1.18% of the loan amount (inclusive of applicable taxes) |
*Switch Fee is applicable only in case of conversion of loan. In conversion cases, Processing Fees and Documentation Charges will not be applicable.
