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  • Bajaj Finserv Doctor Loan is Rated as "Great!" by 1562 Users

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    Bajaj Finserv Doctor Loan

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    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.

    Bajaj Finserv Doctor Loan Reviews

    • Bajaj Finserv Personal Loan
      "Charges should be reduced"
      0.5 4.0/5 "Great!"
      Bajaj Finserv service is good, but rate of interest was higher side and they have mandatory insurance , they are focusing the customer to take insurance. I paid the premium of Rs.25,000 for 5 years of insurance for the personal loan. I took the amount 12 lakhs,even interest rate was good but concern about the charges.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 21, 2017
    • Bajaj Finserv Personal Loan
      "Best customer service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan from Bajaj Finserv, i was happy that my loan amount was approved and the required amount was disbursed. I have taken loan for 1.25 lakhs with rate of interest of 18.00% per annum. The customer service was excellent, they provided a door step service for the collection of documents and my loan amount was approved within 48 hours.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 21, 2017
    • Bajaj Finserv Personal Loan
      "Services are good. But high charges"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Bajaj Finserv and the customer services are excellent. They collected my documents on time and also processed the details. But they have exorbitant interest rates and charges. Else they are flexible and supportive.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Oct 20, 2017
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      It was a good service from BAJAJ for my personal loan service but the rate of interest rate they offered was little high but the staffs of BAJAJ is very responsible they collected all my documents at my door step so it was very much helpful during the documentation process ,the service of BAJAJ is average.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 20, 2017
    • Bajaj Finserv Personal Loan
      "Interest rate and charges should be reduced"
      0.5 4.0/5 "Great!"
      Bajaj finserv offered me higher interest rate around 14 to 15% it is huge compared to other competitor for the personal loan. I took the loan amount 1 lakh, they processing me very fast. But it would be better if they reduce the interest and charges.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 19, 2017
    • Bajaj Finserv Personal Loan
      "Quick and Fast Service"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan with Bajaj Finance as a complimentary they offered me health insurance. ROI was little high when i apply for it since am not aware unable to compare with other bank and get the loan. The duration period is 3 years and I have completed almost 1 year. I pay EMI of Rs.2500 through ECS. They offered me a EMI card which is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 17, 2017
    • Bajaj Finserv Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      The bajaj loan was good in regards to my personal loan application. I got the personal loan with bajaj around a year ago. They have disbursed my loan amount within 3 to 4 working days. The rate of interest is high with BAJAJ when compared with others banks.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • Bajaj Finserv Personal Loan
      "Its an alternative option"
      0.5 3.0/5 "Satisfactory"
      Bajaj Finserv interest part is very high for the personal loan which it compared with other financial institute, it is the main reason to close the loan through foreclsoure. But they are charging addition fee around 7% on the principal amount.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 17, 2017
    • Bajaj Finserv Personal Loan
      "average service"
      0.5 3.5/5 "Pretty good"
      I had a personal loan with BAJAJ the service was decent their communication was good in a decent manner but their customer service is not much I expected from BAJAJ but the rate of interest is better but they asked for lot of documents still the service of BAJAJ is average.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 15, 2017
    • Bajaj Finserv Personal Loan
      "Dissatisfied Service"
      0.5 1.0/5 "Really Bad"
      Bajaj Finserv approved the loan amount of Rs. 6lakhs, but I need the loan of Rs. 2 lakhs but they told me it was flexi loan. But they charged me 1.5% of processing fee for whole Rs.6 lakhs including insurance fee. Without my confirmation they charged all the amount. It was really bad and I couldn't reach their customer service for any queries.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 14, 2017
    • Bajaj Finserv Personal Loan
      "Interest rate and charges should be reduced"
      0.5 1.0/5 "Really Bad"
      I am not satisfied with Bajaj Finserv personal loan interest, they offered me 15% for the amount 1.25 lakh and also they taken huge processing fee. Finally Rs.1.08 lakh only credited in my account. Initially they gave basic information about the personal loan but they not disclosed about the rates and charges it should be transparent.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 13, 2017
    • Bajaj Finserv Personal Loan
      "execellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with BAJAJ finance month back .The loan amount was 20,000 and the rate of interest was 8-9% which was satisfactory.The EMI period was 15 months. They have provided door step service for the documentation collection and they have sanctioned the loan with in 3 days so I would like to recommend and rate 5 out of 5 overall.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 11, 2017
    • Bajaj Finserv Personal Loan
      "Helpful"
      0.5 5.0/5 "Blown Away!"
      I applied for a Personal loan with Bajaj Finserv in a time when I need it the most. And I got the loan instantly the procedure were simple and were not time consuming.I applied for a Rs.40000 loan which i got instantly. Thank you so much Bajaj Finserv.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 11, 2017
    • Bajaj Finserv Personal Loan
      "Friendly"
      0.5 5.0/5 "Blown Away!"
      They let me know were my credit score was lagging. The person who got the loan put his neck out for me. Interest rate is little high though. I really like the friendliness of this bank, and has a very high recommendations for them. They really did impress me.
      Was this review helpful? 0
      , ponda
      Reviewed on Oct 10, 2017
    • Bajaj Finserv Personal Loan
      "Pre-approved personal loan"
      0.5 5.0/5 "Blown Away!"
      I got a pre approved personal loan from BAJAJ FINSERV.So there wasn't any documentation needed.The disbursed loan amount was 1 lakh 19 thousand.The rate of interest was 16.5% with monthly EMI 5200 for 28 months. I can suggest BAJAJ FINSERV for personal loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 09, 2017
    • Bajaj Finserv Personal Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finserv is very good and they providing a good customer service. Executive is very kind and clarified all my doubts. I make my payment through ECS. They asked me to keep the documents ready, executive will come and collect it. Rate of interest is better with Bajaj Finserve.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 09, 2017
    • Bajaj Finserv Personal Loan
      "Rate of Interest is very high"
      0.5 1.0/5 "Really Bad"
      Bajaj Finserve promised me they would disburse the personal loan amount within one day but it took almost a week. They are not responding me properly. The rate of interest in Bajaj Finserve is 13% which I felt is lot more that what others offer.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 09, 2017
    • Bajaj Finserv Personal Loan
      "Approachable bank"
      0.5 4.0/5 "Great!"
      BAJAJ FINSERV approved my personal loan.And it took 10 working days for the approval. The disbursed loan amount was 580000 with a rate of interest of 14 %. The monthly EMI is 20000 with 36 of tenure.The most disappointing thing about the BAJAJ FINSERV was there is no proper customer service.For the status of my application i used to sent mail and after 48 hours the reverted me with the status.And the processing fees came around 30000 which is still i am confused with.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 08, 2017
    • Bajaj Finserv Personal Loan
      "average service"
      0.5 3.5/5 "Pretty good"
      Service is good from BAJAJ as I got my personal loan from BAJAJ ,documentation part was fine and easy and customer service and other representatives are very helpful ,I can say the overall service is average from BAJAJ . No issue till now from BAJAJ.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Oct 07, 2017
    • Bajaj Finserv Personal Loan
      "Dissatisfied service"
      0.5 2.0/5 "Expected more"
      I had applied for a personal loan with Bajaj fin serv. customer service is not satisfactory they promised to give 13% initially ,it was processed they gave it for 26% is really high however, am panning to close the Emi,foreclosure is 4%.Totally not convinced with the service.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 07, 2017
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