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  • Bajaj Finserv Doctor Loan is Rated as "Great!" by 1808 Users

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    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.

    Apply for Personal Loan

    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.

    Bajaj Finserv Doctor Loan Reviews

    • Bajaj Finserv Personal Loan
      "Bad service"
      0.5 1.0/5 "Really Bad"
      I have been holding my personal loan with BAJAJ FINSERV for long time, the loan amount was not sufficient for me they have given me up to 40,000 , the rate of interest they have charged me was too high they have charged up to 20% and processing fee they have charged me and there i where using bajaj finserv card they had block my card as my loan amount was not clear and there service is not good.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 15, 2018
    • Bajaj Finserv Personal Loan
      "Dissatisfactory"
      0.5 2.0/5 "Expected more"
      I have personal loan with Bajaj Finserv, the customers response is bad. They have huge interest rate around 19.6% for the amount of Rs. 99,000. Bajaj IVR helpline is very bad, most of time it can't be reachable and it wont connect with the executive, they need work on their service.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 14, 2018
    • Bajaj Finserv Personal Loan
      "Very Good Services"
      0.5 3.0/5 "Satisfactory"
      The personal experience was cool. I have got the loan 5 years back During that time the loan process was good. I have chosen the loan for 5 years however i have closed the loan within 2 years. They have given me a partial payment options and there is no charges for pre-closure. They have sanctioned me a loan amount of Rs. 3.5 lakhs.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 13, 2018
    • Bajaj Finserv Personal Loan
      "Good company offering various options to the customer. "
      0.5 4.5/5 "Excellent!"
      I have bought a very less amount of Rs. 1 lakhs and they have charged me a 13% as a interest rate. Even through its a small company, they have a wide range of products available. The interest rates are very less companies. They have very good franchise. I didn't find any kind of hassles and the branch office available all over India even in a small places also. Their support has been really good.
      Was this review helpful? 2
      , chennai
      Reviewed on Nov 12, 2018
    • Bajaj Finserv Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have applied for the loan from the BAJAJ FINSERV and i have taken the personal loan before five months. The rate of interest is 14% which is higher compare to the others but the part payment option is there in this loan. the duration is for three years to pay the loan.
      Was this review helpful? 3
      , bellary
      Reviewed on Nov 07, 2018
    • Bajaj Finserv Personal Loan
      "Interst rate should be reduced"
      0.5 1.0/5 "Really Bad"
      I have loan with Bajaj Finserv for the amount of Rs.1.5 lakh, they gave me the higher interest around around 29% for the tenure of 36 months. I am not happy with the interest rate part and they have taken processing fee from the loan disbursement amount.
      Was this review helpful? 5
      , kanpur
      Reviewed on Nov 05, 2018
    • Bajaj Finserv Personal Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      I also have a personal loan with Bajaj Finserv, the services are very good and there are no hassles in the overall experience. There are options for part payment and pre closure too. There were follow up calls as well in the process. Good in all.
      Was this review helpful? 7
      , pune
      Reviewed on Oct 30, 2018
    • Bajaj Finserv Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      The experience with this loan has not been bad. The process in getting the loan has been smooth and easy but the interest rate with them has been very high when compared with the market rate. There has been some charges as well which has been made. Their customer support has been helpful at times.
      Was this review helpful? 5
      , lucknow
      Reviewed on Oct 29, 2018
    • Bajaj Finserv Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The experience in getting this loan has been smooth and easy and i had taken this loan for my personal purpose. The interest rate with them has been nominal when compared with the market rate, and there has not been any sort of additional charges. The loan amount which they had given me also had been satisfactory as well.
      Was this review helpful? 8
      , bangalore
      Reviewed on Oct 25, 2018
    • Bajaj Finserv Personal Loan
      "Best Financial Service"
      0.5 5.0/5 "Blown Away!"
      I have take personal loan from the Bajaj finance which they approved in 2-3 day and the amount is reflected in next day ,its instant approve process. As am satisfied with the rate of interest which is quiet nominal one They provided the tenure period of 1-5 year and i make the payment monthly though ECS There is nominal processing fees also,
      Was this review helpful? 13
      , chennai
      Reviewed on Oct 17, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The experience i had with this loan has been good and they had given me a loan amount of 5,00,000 which has been satisfactory. The interest rate with them has been okay but there has been charges made by them which was not even intimated. They had promised something and had taken something.
      Was this review helpful? 14
      , hyderabad
      Reviewed on Oct 17, 2018
    • Bajaj Finserv Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The process in getting this loan has been smooth and easy and the loan amount which they had provided had been satisfactory. They had been charged me with some processing fee but there has not been any sort of additional charges. The interest rate which they offered also had been good where it was comparatively less.
      Was this review helpful? 10
      , bangalore
      Reviewed on Oct 15, 2018
    • Bajaj Finserv Personal Loan
      "Good Financial service"
      0.5 4.0/5 "Great!"
      I have taken personal loan from Bajaj finance pvt . Am satisfied with the rate of interest which they have provided . There is no processing fees for the loan which is nominal one. I make the payments through Ecs every month . They gave the tenure period of 36months . They did quick documentation and received the loan.
      Was this review helpful? 12
      , new delhi
      Reviewed on Oct 09, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My experience was good with Bajaj Finserv for personal loan, the process was smooth and i received my loan amount on time. The loan amount was for Rs 1 lac with high interest rate. Customer service was good and the tenure period for this loan is for 2 years.
      Was this review helpful? 10
      , new delhi
      Reviewed on Oct 08, 2018
    • Bajaj Finserv Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The loan experience i had with them has been pretty good and the loan amount which they had provided had been sufficient. The process has been completely online and it has been easy except they had collected the cheques directly. The interest rate has been less when compared with the market rate, and their customer support has also been good as well.
      Was this review helpful? 8
      , hyderabad
      Reviewed on Oct 06, 2018
    • Bajaj Finserv Personal Loan
      "Need to reduce charges"
      0.5 4.0/5 "Great!"
      The process was smooth with Bajaj Finserv for personal loan and it was a good experience. The loan amount was for Rs 1.6 lacs with high interest rate when compared to others. Customer service was good and they responded on time. The tenure period for this loan is 4 years.
      Was this review helpful? 9
      , hyderabad
      Reviewed on Oct 01, 2018
    • Bajaj Finserv Personal Loan
      "Easy option"
      0.5 5.0/5 "Blown Away!"
      Bajaj finserv personal loan interest rate was nominal. They offered me around 11.5% of interest very long days back . The processing fee was nominal in Bajaj, the time taken for processing was quick. Now I repaid my loan and got my NOC letter.
      Was this review helpful? 14
      , pune
      Reviewed on Sep 28, 2018
    • Bajaj Finserv Personal Loan
      "High on ROI"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Bajaj Finserv and it was not a easy process to get the loan. The process is long and not up to the mark. I have taken a loan of 1.20 Lakh. The rate of interest and processing charges are high when compared to the other banks.
      Was this review helpful? 14
      , hyderabad
      Reviewed on Sep 27, 2018
    • Bajaj Finserv Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It has been a very good experience with them so far and there has not been any delay which has been happened. The interest rate with them has been quite nominal when compared with the market rate, and their customer support and their staff responses had been good as well. There has not been any hassle faced with their banking services so far.
      Was this review helpful? 11
      , bangalore
      Reviewed on Sep 26, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      My personal loan experience was good with Bajaj Finance, the loan amount was for Rs 88000 but they gave only Rs 80000 and remaining Rs 8000 was for insurance. Customer service was not up to the mark and the rate of interest was high when compared to other banks.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Sep 25, 2018
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