Doctor Loan Interest Rates 2026

The cost of a Doctor Loan includes the interest rate and any fees linked to processing, repayment, or the loan variant you choose. For the product details in this brief, the stated interest rate is 11% to 17.50% per annum, and the processing fee can be up to 2.95% of the loan amount, inclusive of applicable taxes.

• Interest rate: 11% to 17.50% per annum. 
• Processing fee: Up to 2.95% of the loan amount, inclusive of applicable taxes.
• Flexi Facility charge: Not applicable to a Term Loan; a Flexi Loan may have an upfront charge of up to Rs. 999 to Rs. 16,999, inclusive of applicable taxes.
• Prepayment: Charges may apply to full prepayment and to part-prepayment of a Term Loan. Part-prepayment charges are not applicable to Flexi Dropline and Flexi Hybrid Loans, as stated in the brief.
• Other costs may include annual maintenance charges, Rs. 1,500 bounce charges, penal charges for delayed instalments and stamp duty.

If you want to know the interest rate applicable to your Doctor Loan, check your Doctor Loan eligibility with Bajaj Finance. The rate offered will depend on your eligibility, loan details and applicable terms and conditions.

The interest rate is the cost charged on the amount borrowed. Fees and other charges can increase the total cost of a loan, so review them along with the interest rate before choosing a loan option.

Note: For Emergency Credit Line Guarantee Scheme, only Stamp Duty Charge is applicable.

Calculating the doctor loan interest rate requires an understanding of the key factors that affect the overall borrowing cost. Here are the steps to estimate the interest rate applicable to your loan:
 

1. Loan amount: The interest rate may vary based on the amount you borrow. Larger loan amounts may sometimes qualify for preferential rates.
2. Loan tenure: The duration for which you take the loan influences the interest rate. Shorter tenures often have lower rates, while longer tenures may attract higher interest due to increased lender risk.
3. Credit score: A credit score above 685 is typically required to secure a competitive interest rate. A higher score indicates lower credit risk, allowing borrowers to access better loan terms.
4. Income and repayment capacity: Lenders assess your income and existing financial obligations before determining your interest rate. Higher disposable income may help in negotiating lower rates.
5. Type of loan: Different loan variants, such as Term Loan, Flexi Dropline Loan, and Flexi Hybrid Loan, have varying interest structures, which can impact overall borrowing costs.

For precise EMI calculations, use the doctor loan EMI calculator. This tool allows borrowers to estimate their monthly instalments by inputting the loan amount, interest rate, and tenure. By using this calculator, applicants can plan their repayment effectively and make informed financial decisions before applying for a doctor loan.

Multiple factors determine the applicable doctor loan interest rate, influencing the overall cost of borrowing. Being aware of these factors can help you effectively manage your loan application process. Some critical considerations include:

• Credit score: A high credit score (685 or higher) can significantly lower your doctor loan interest rate, as it demonstrates creditworthiness.
• Business stability: The longevity and stability of your medical practice can influence your eligibility and interest rates positively.
• Income level: Consistent and higher income levels indicate strong repayment capacity, often resulting in competitive interest rates.
• Loan amount: Larger loan amounts might attract better interest rates, though it depends on individual lender policies.
• Loan tenure: Selecting shorter repayment periods may offer you reduced interest rates compared to extended repayment tenures.
• External market conditions: Interest rates may fluctuate based on prevailing economic conditions and market interest trends.

Here’s a table highlighting these factors clearly:

Understanding these factors can help you strategise effectively to obtain the best possible doctor loan interest rate.

Step-by-step guide to applying for a Doctor loan
 

1. Click on the 'CHECK LOAN OFFER’ button on this page.
2. Fill in the application form with your basic personal and professional details.
3. Once you fill out the form, click on ‘CONTINUE’.
4. Update the KYC details.

Note: Keep your medical registration certificate handy to finish the KYC process. Our representative will guide you on the next steps. The loan amount will be transferred to your bank account upon verification of your documents.