Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Bajaj Finserv Doctor Loan Reviews

    • Bajaj Finserv Personal Loan
      "Horrible Customer Service - Bajaj Finserv"
      0.5 0.5/5 "Unacceptable"
      I took a Personal loan June, 2015 whereas, I was promised that there will be no pre-closure charges post I pay my first EMI. After 2 years when I went to foreclose my loan they have put in a foreclosure charge and saying their policy has changed. Policy change cannot impact your earlier customers. You can apply it to your new customers. This is pure case of cheating wherein you sell something with all jazzy offers and then apply a charge to it. This is ridiculous. I have reached out to their team but of no use. I am lodging a complaint to the Consumer Forum.
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      , bangalore
      Reviewed on Jun 22, 2017
    • Bajaj Finserv Personal Loan
      "Proper Process"
      0.5 5.0/5 "Blown Away!"
      I availed the personal loan from Bajaj. The loan amount was 1.5 lakhs and the interest rate is very normal. I do not remember the rate but it is nominal. I directly approached them and they provided the loan. I just submitted the required documents in order to get the loan and Bajaj disbursed the loan without any hassles.
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      , hyderabad
      Reviewed on Jun 22, 2017
    • Bajaj Finserv Personal Loan
      "Interest rate should be flexible"
      0.5 5.0/5 "Blown Away!"
      I am an existing customer of Bajaj finserv, their interest rate is very high but I like their service is good. I am paying 20% of interest more than principal amount, I am fine with that, because all about the service. I have taken only the amount of Rs.35,000 for the tenure of 30 months.
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      , nagpur
      Reviewed on Jun 22, 2017
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      The process with BAJAJ FINSERV personal loan was good. The executives came to my place at times to my office to collect the required documents to proceed with the personal loan. I am happy about the loan amount. The required loan amount was disbursed . Within 4 to 5 days they have disbursed my loan. The rate of interest is high, when compared with others. I am satisfied with Bajaj Finserv.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 21, 2017
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I got a personal loan for an amount of 50k from Bajaj Finserv personal loan. Their executives were really helpful in explaining about the product, in detail This loan was taken a year ago. I am very much happy with the loan amount, however I was in need of more loan amount, but on the other hand the bank was able to sanction only 50k. Coming to the rates even that is high when compared with others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 21, 2017
    • Bajaj Finserv Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finance offered the personal loan recently. Initially I approached SCB for the loan but when I found that there is a location constrain to get the loan, I switched over to Bajaj where I got the loan. The interest rate for the loan is 14.9%. Their customer service and responsiveness are excellent.
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      , navi mumbai
      Reviewed on Jun 21, 2017
    • Bajaj Finserv Personal Loan
      "Fast Process"
      0.5 4.0/5 "Great!"
      About 13 months ago, I had taken the personal loan from Bajaj Finserv. They provided good service and everything went good with them for the loan. In fact, they disbursed the loan in a week time. But the interest rate and other charges are very high with Bajaj. Once I missed one EMI for that they charged me a lot.
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      , karnal
      Reviewed on Jun 20, 2017
    • Bajaj Finserv Personal Loan
      "Charges has to be reduced"
      0.5 4.0/5 "Great!"
      Bajaj Finserv offered good interest rate on my personal loan . I have taken amount of Rs.9 lakhs with the interest rate of 12% for the tenure of five years. I have taken the amount of 8.80 lakhs, in that Bajaj have taken Rs.20,000 as processing fee including the insurance.
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      , hyderabad
      Reviewed on Jun 19, 2017
    • Bajaj Finserv Personal Loan
      "Need Improvement"
      0.5 1.0/5 "Really Bad"
      The Bajaj Finserv gave very bad experience in concern to my personal loan . They took around 1 week to disburse my personal loan. I would like to say the loan amount can be increased in future, because I am not happy about their loan amount. The rate of interest is high when compared with others.
      Was this review helpful? 1
      , bhubaneshwar
      Reviewed on Jun 15, 2017
    • Bajaj Finserv Personal Loan
      "Fast Service"
      0.5 4.5/5 "Excellent!"
      Bajaj finserv is very prompt for my personal loan. They had delivered very fast service. Their agents are very fast in all the formalities and they visited my place and helped me to get the address proof which I do not have. Since I am new to the place I do not know how to get the proof but Bajaj people helped me a lot and done with the process without any hassles.
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      , visakhapatnam
      Reviewed on Jun 15, 2017
    • Bajaj Finserv Personal Loan
      "Hassle free"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Bajaj Finserv and they have been excellent in the services and process. Without checking my papers they provided me a loan without any fuss. The interest rate and processing charges are also normal and most of all I am happy that they valued me as a customer and they provided the loan.
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      , nasik
      Reviewed on Jun 14, 2017
    • Bajaj Finserv Personal Loan
      "Bajaj finserve"
      0.5 1.0/5 "Really Bad"
      Bajaj Finserve is a big cheat. At the time of loan sanctioning the loan, they told me its a nil force closing charges as per 2015 agreement .Now at the time of closing they are charging 4.6 % as the fore-closing charges Tomorrow they might introduce another clause after disbursement. So please don't go to Bajaj personal loan.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 12, 2017
    • Bajaj Finserv Personal Loan
      "Better Service"
      0.5 4.0/5 "Great!"
      Once I applied for the personal loan with Bajaj Finserv. The loan amount was 4.5 lakhs. They were ready to provide the loan. They approved the loan as well but they did not disburse it. When I checked with them they said that because of the internal policy they could not process the loan. But bajaj is good for consumer loans.
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      , hyderabad
      Reviewed on Jun 12, 2017
    • Bajaj Finserv Personal Loan
      "Process is smooth and high on ROI"
      0.5 4.0/5 "Great!"
      I had taken the personal loan from Bajaj Finserv and the process in getting the loan was quick. The documentation was easy and the disbursement happened on time as well. The interest rate and processing charges were high, but I am happy with the process as I can also close my loan at any time because there is a part payment feature availiable.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 10, 2017
    • Bajaj Finserv Personal Loan
      "Interest rate and charges has to be reduced"
      0.5 2.0/5 "Expected more"
      Bajaj Finserv had charged me 18% of interest on the personal loan, it was a fixed rate for the tenure of three years. Interest rate was on the higher side when compared to other competitor. I had applied the loan of Rs.3 lakhs, Bajaj Finserve sanctioned it for Rs.1.3 lakh in that I received the amount it was around 1.14 lakh. They took lot of charges like processing fee and their customer service is not clear on their documentation process.
      Was this review helpful? 2
      , mumbai
      Reviewed on Jun 08, 2017
    • Bajaj Finserv Personal Loan
      "Bajaj Finserv - NIL foreclosure charges offer is a fraud "
      0.5 0.5/5 "Unacceptable"
      I have taken a PL from Bajaj Finserv and while processing the loan every time is is communicated that Foreclosure charges are NIL. Loan team has communicated me while taking the loan that there will be foreclosure charges if my loan dispersed after May 2016, to avail the NIL foreclosure offer i have applied earlier and agree to take the dispersed amount before June 2016 and pay the interest for the difference. I have also conveyed to the loan manager that if there is any foreclosure charges then cancel my loan application and he assure me that there will not be any foreclosure charges because on the acceptance email, Nil foreclosure charges mentioned in Bold and it is an offer if it dispersed before June, 2016. I have also checked with customer care to confirm it and they also convey the same to me. While foreclose my loan, they provide a statement "BFL has implemented the foreclosure charges effective March 2016 for all its customers.", in every response you will see a new statement.
      Was this review helpful? 3
      , gurgaon
      Reviewed on Jun 08, 2017
    • Bajaj Finserv Personal Loan
      "Below average servcie"
      0.5 2.0/5 "Expected more"
      I had received a call from the sales team they explained to me about the product. I was initially promised the features of foreclosure and part payment options. However when I saw the welcome letter I was shocked to find that there was no such offer available like foreclosure and part payment they have to stick on to their promises. Even their rate of interest is very high and I would conclude saying that their service is below average service.
      Was this review helpful? 1
      , pune
      Reviewed on Jun 07, 2017
    • Bajaj Finserv Personal Loan
      "Not Recommendable"
      0.5 3.0/5 "Satisfactory"
      I had taken personal loan from Bajaj finserv during the year of 2014. The loan process went smooth with them without any hassles. But interest rate is little higher with them but due to emergencies I had to get the loan from Bajaj. I would not recommend Bajaj for the personal loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 07, 2017
    • Bajaj Finserv Personal Loan
      "Easy to approach"
      0.5 4.0/5 "Great!"
      I took personal loan from Bajaj Finserv, for an interest rate of 14.5% it is normal and it is as per the market rate. They had taken only five days to process my loan. My loan amount was Rs. 6 lakhs for the tenure of five years and its floating rate it would be reversible too.
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      , ahmedabad
      Reviewed on Jun 03, 2017
    • Bajaj Finserv Personal Loan
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      It was all in a stream line, as soon as I applied for the personal loan Bajaj finserve called me, the next step was they fixed an appointment and they came to my place for collecting the documents there fore was no difficulty in the process. But the rate of interest given to me was 33% and it was very high I felt. Finally, I got the loan amount that I needed and the amount was 1.17 lakhs.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 03, 2017
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    Bajaj Finserv Doctor Loan is Rated as "Great!" by 1445 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Bajaj Finserv Doctor Loan

    Overview about Bajaj Finserv Doctor Loan

    Bajaj Finserv provides a specific loan that is aimed at helping consultants and practicing doctors working in clinics or hospitals to expand their operations to include better services and treatment. This loan features low interest rates and fast approval times.

    Where can a Bajaj Finserve Doctor Loan be used?

    This unsecured loan is provided exclusively to people with valid medical registration numbers and thus requires no guarantors or collaterals. The loan thus availed can be used to purchase assets to aid in the development of medical facilities or in improving the level of service provided in terms of treatment and healthcare.

    Who are eligible for availing a Bajaj Finserve Doctor Loan?

    An unsecured loan meant for medical professionals, this specialised loan has a few eligibility criteria to be met in order for the institution to be able to sanction the loan. The eligibility requirements can be mentioned as follows –

    1. Applicant should either -
      • Be a postgraduate doctor (MD/DM/MS/MCH/MDS) with minimum 5 years of post- qualification experience
      • A graduate doctor (MBBS/BDS) with minimum 8 years of post-qualification experience
      • Own a house (parental house acceptable) or clinic in areas serviced by Bajaj Finserve
    2. Requirements need that –
      • The gross monthly salary should be INR 75000 and INR 40000 for tier 1 and tier 2 cities
      • Immediate preceding 2 years’ Form 16 along with 3 months’ payslips be provided
      • Immediate preceding 3 months’ salary credit bank statements be provided
      • Education Qualification Certificates be provided
      • Government approved identity and address proof be provided
      • Proof of own property (either residence or office) be provided
    3. The co-applicant (if any) needs to provide –
      • Government approved identity and address proof
      • Proof of relationship with the applicant

    What are the financing types?

    The financing modes allowed under the Doctor Loan can either be of a working capital type or demand loan type (Flexi Loans). The former allows a longer repayment period with standard rates and the latter has differential rates as per the amount and tenure chosen.

    What are the Bajaj Finserve Doctor loan limits?

    Based on the credit-worthiness of the applicant, Bajaj Finserve can provide loans within a range of INR 5 lakhs to INR 45 lakhs. Flexi loans might have differing limits based on the discretion of the NBFC.

    What are the interest rates of Bajaj Finserve Doctor Loan?

    Interest rates for a Doctor Loan could range from 11% per annum to higher figures based on Bajaj Fin serve’s discretion.

    What documents are required during applying for Bajaj Doctor Loan?

    The standard list of required documents for applying for this loan are mentioned as follows –

    1. Immediate preceding 2 years’ Form 16 along with 3 months’ payslips
    2. Immediate preceding 3 months’ salary credit bank statements
    3. Educational qualification certificates
    4. Government approved identity and address proof
    5. Registration number pertaining to valid Medical License

    What are the features of Bajaj Finserve Doctor Loan?

    The Doctor Loan from Bajaj Finserve is an unsecured loan that requires no guarantors or collaterals and is a really good financing option for medical practitioners to start a new venture or improve upon existing facilities.

    The loan period can range from 12 months to 60 months. The processing fees will be 2% of the loan amount and along with that, a security fee of INR 1,999 will be levied. There is an option to make pre-payments 6 times in a year in order to close the loan sooner. The loan can also be closed before the set tenure by making a lump sum payment, provided that the first EMI has been paid, and there would be no additional charges levied.

    How to apply for Bajaj Finserve Doctor Loan?

    The loan can be applied for through Bajaj Fin serve’s website, as well as forms can be downloaded, filled and submitted along with relevant documents at a local branch. Additionally, one could call or mail Bajaj Finserve requesting an executive assistance for application process.

    One can also apply for Bajaj Finserve Doctor Loan through Bankbazaar, wherein eligibility charts, EMI calculators and infographics can guide one through the application process.

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