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  • Bajaj Finserv Doctor Loan is Rated as "Great!" by 1768 Users

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    Bajaj Finserv Doctor Loan

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    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.

    Bajaj Finserv Doctor Loan Reviews

    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      It has been a very good experience in getting this Personal Loan and the loan amount which they ha provided had been satisfactory. The interest rate has been good when compared with the market rate. Their staff has been prompt and had been showing a good response where there hasn't been any hassle.
      Was this review helpful? 3
      , kolkata
      Reviewed on Jul 18, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      Its instant loan approval process which i took from Bajaj fin serve for personal loan . The approval was so quick as they did in 2-3 days amount reflected in my bank account . The rate of interest is high compared to others . They gave tenure period of 1 years . Overall their service and response is good.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Jul 17, 2018
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I've taken a personal loan from the Bajaj Finserv for 5 Lacs. Their Flexipay service is really useful. In case if you do not need the full amount you can keep the amount in reserve and the interest is applicable for the only amount you take which is pretty cool. The interest rate is 14%.and I am really happy with their service.
      Was this review helpful? 2
      , pune
      Reviewed on Jul 16, 2018
    • Bajaj Finserv Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was a too expensive loan where the interest rate with them had been on the higher end. The process in getting the loan had been simple and smooth and the loan amount of 1.25L which they had provided me has been satisfactory. There has not been any hassle faced during the whole process and i am satisfied with the services of them.
      Was this review helpful? 5
      , chennai
      Reviewed on Jul 13, 2018
    • Bajaj Finserv Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with BAJAJ 1 years back. The loan amount was 1 lakh and the interest rate was bit high and the tnrue period was 2 years . The process was very immediate and hassle free . I have upload ll my documents through on line so i had smooth loan experience here .The processing fee was also nominal.
      Was this review helpful? 4
      , bangalore
      Reviewed on Jul 13, 2018
    • Bajaj Finserv Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My personal loan was taken with BAJAJ 6 months back. The loan amount was 1,40,000 and the interest rate was very high . The tenure period was 4 years . The process was very simply and the documentation was very simple. They have provide door step service for collected documents but the processing fee was bit high.
      Was this review helpful? 7
      , secunderabad
      Reviewed on Jul 13, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Bajaj Finserv and my loan experience was good, the loan amount was for Rs 78000 with nominal interest when compared to others. Customer service was good and they followed up on time. The tenure period for this loan is 18 months.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Jul 12, 2018
    • Bajaj Finserv Personal Loan
      "BAJAJ FINSERVPersonal Loan"
      0.5 0.5/5 "Unacceptable"
      I've taken a personal loan from the Bajaj Finserv for 60,000 and I only get 52,963, the loan process was easy and hassle free. But the interest rate was very high with them. I am paying the EMI of 2267 per month. That is am Paying as 55,037 amount as intrest for the amount only 52,963, I am very dis-satisfied with your service. My loan is amount smaller than your intrest. Overall they need to lower the interest rate considering the personal loan.
      Was this review helpful? 3
      , aurangabad
      Reviewed on Jul 11, 2018
    • Bajaj Finserv Personal Loan
      "The interest rate is high"
      0.5 2.0/5 "Expected more"
      I've taken a personal loan from the Bajaj Finserv for 513000, the loan process was easy and hassle free. But the interest rate was very high with them. I am paying the EMI of 12000 per month. Overall they need to lower the interest rate considering the personal loan.
      Was this review helpful? 3
      , kolkata
      Reviewed on Jul 05, 2018
    • Bajaj Finserv Personal Loan
      "Average"
      0.5 3.5/5 "Pretty good"
      My personal loan was taken with BAJAJ 1 year back. The loan amount was 40,000 and the interest rate was very high . The tenrue period was 24months .The customer service and responses was up to the mark. The documentation process was good but the interest rate which they have said before the process was bit low than the given interest rate . The processing fee was also high .
      Was this review helpful? 2
      , coimbatore
      Reviewed on Jul 05, 2018
    • Bajaj Finserv Personal Loan
      "Average"
      0.5 3.5/5 "Pretty good"
      My personal loan was taken with BAJAJ 1 year back. The loan amount was 40,000 and the interest rate was very high . The tnrue period was 24months .The customer service and responses was up to the mark. The documentation process was good but the interest rate which they have said before the process was bit low than the given interest rate . The processing fee was also high .
      Was this review helpful? 3
      , bangalore
      Reviewed on Jul 04, 2018
    • Bajaj Finserv Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have take personal loan from the Bajaj fin serve which they approved instantly ,its instant approval process. As am not satisfied with the rate of interest which is quiet high. They provided the tenure period of 5 year and i make the payment monthly though ECS also there are no processing fees too.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 03, 2018
    • Bajaj Finserv Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      My personal loan was taken with BAJAJ 1.5 years back. The loan amount was 1 lakh. . The tenure period was 3 years . Their customer service and responsiveness was good. The documentation was very easy and the processing fee was also nominal.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 03, 2018
    • Bajaj Finserv Personal Loan
      "Not Satisfactory"
      0.5 2.0/5 "Expected more"
      The process in getting the loan has been easy and smooth and the loan amount which they had given had been satisfactory. But the interest rate with them has been little high. I had taken this loan for marriage purpose. There has not been any issues faced with the banking services.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 30, 2018
    • Bajaj Finserv Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a very good experience with them so far and their service has been prompt. The interest rate with them had been very good and the loan amount which they had provided had been good as well. There has not been any issues faced with the banking services of them so far.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 28, 2018
    • Bajaj Finserv Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      My personal loan was taken with BAJAJ 6 months back. The loan amount was 55 lakhs and the interest rte was not satisfactory since they did not give what they have promised me. The tenure period was 5 years . The customer service and responses was very bad . I would say that they are worse than UBI and SBI. Here the processing fee was also high .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 27, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The services which they had provided so far had been very good and the customer support also had been very good as we don't have to make any follow up with them by visiting the branch or by calling them. But the interest rate with them had been quite high comparatively.
      Was this review helpful? 0
      , asansol
      Reviewed on Jun 26, 2018
    • Bajaj Finserv Personal Loan
      "The response should be improved"
      0.5 2.5/5 "Just OK"
      I took a personal loan from the Bajaj Finserv for for 70000. After availing to loan the response was good. They need to make the customer support more flexible. I never had any issues with their services. The whole loan process was easy but the customer support needs considerable improvements.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 23, 2018
    • Bajaj Finserv Personal Loan
      "Best"
      0.5 4.0/5 "Great!"
      I am having the personal loan with the Bajaj Finserv and the interest rate is around 11% to 12%. Customer service is okay and the rate of interest is on higher end. The loan amount got disbursed within two days of time and everything is good one with them till now.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jun 23, 2018
    • Bajaj Finserv Personal Loan
      "Customer service response is less"
      0.5 5.0/5 "Blown Away!"
      The provided the best services. The given a time to time services. Overall the services are best. The processing fee and interest rates are nominal. I have applied a loan amount for 5.6 lakhs for that I'm paying a EMI of 12000. I have taken the loan before 2 years.
      Was this review helpful? 1
      , jaipur
      Reviewed on Jun 22, 2018
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