Multiple banks. Different interest rates. Call it a "conflict of interest".
Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Bajaj Finserv Doctor Loan is Rated as "Great!" by 1649 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
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      The rate of interest and the charges are high with the BAJAJ finserv personal loan process. I have got the approved loan amount from bajaj finserv I would say I am satisfied with the loan amount. the customer support gave me good response in regards to my credit cad application,
      Was this review helpful? 3
      , hyderabad
      Reviewed on Dec 15, 2017
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The Interest and the charges are very high with the bajaj finserv personal loan services . I have got the bajaj finserv personal loan around 2 years ago. I have got the loan amount of Rs,1,26,000, with the tenure of 3 years. They have also charged the insurance amount with the bajaj personal loan.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Dec 13, 2017
    • Bajaj Finserv Personal Loan
      "Personal loan with Bajaj"
      0.5 5.0/5 "Blown Away!"
      From BAJAJ FINSERV i have taken a personal loan. The total approved amount was 1.75 lakhs. The monthly EMI is 8000. The interest rate is minimal. They charged 1000 rupees as processing fees. I make the payment through cheque with bajaj.
      Was this review helpful? 2
      , new delhi
      Reviewed on Dec 12, 2017
    • Bajaj Finserv Personal Loan
      "Dissatisfactory"
      0.5 1.0/5 "Really Bad"
      Bajaj Finserv sanctioned Rs.1.80 lakh, in that 15,000 got deducted for processing fee and insurance. Bajaj Finserv charged me 29.54% of interest for the tenure of 36 months. It was very high compared to other bank hence I am going to do balance transfer.
      Was this review helpful? 4
      , bangalore
      Reviewed on Dec 09, 2017
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      The response was not up to the mark with the bajaj finserv , I have applied a personal loan with the Bajaj ,but there was no follow up even though I have submitted the required documents to the bajaj finserv. The response part need to be improved with the Bajaj finserv
      Was this review helpful? 6
      , mumbai
      Reviewed on Dec 08, 2017
    • Bajaj Finserv Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I am having the personal loan with the Bajaj Finserv and the interest rate was around 19%. Customer service is okay one with them. They have given the loan amount within a week of time and everything is good one for me with the Bajaj Finserv.
      Was this review helpful? 3
      , bangalore
      Reviewed on Dec 07, 2017
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a Bajaj personal loan for a period of 36 months.The loan amount is 65,000.Net banking is user friendly and easy to navigate.I make loan payments through ECS.The rate of interest is high as compared others.I completed 7 months of EMI.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Dec 06, 2017
    • Bajaj Finserv Personal Loan
      "Looking for better interest rate"
      0.5 4.0/5 "Great!"
      I took personal loan from Bajaj Finserv, their service is not good. They don't have proper customer care at all. I took the loan amount of Rs. 50,000 for the tenure of three years, they gave me high interest rate, compared to other competitor.
      Was this review helpful? 5
      , bangalore
      Reviewed on Dec 02, 2017
    • Bajaj Finserv Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with Bajaj Finserv was good, the loan amount was for Rs 1 lakh with the best interest rate in the market. The loan period was 3 years and my loan amount was transfered directly to the account after 24 hours, The process was very smooth and easy. Documents were collected on time and the customer service was good.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Dec 02, 2017
    • Bajaj Finserv Personal Loan
      "Good plan"
      0.5 5.0/5 "Blown Away!"
      Recently I took Bajaj personal loan, they gave me flexi pay option. When ever I make any principal amount automatically, the interest gets reduced based on tenure period. I am an existing customer of the Bajaj, hence they gave me flexi pay. Interest is good and they negotiated from 17 to 12% of interest.
      Was this review helpful? 3
      , bangalore
      Reviewed on Dec 02, 2017
    • Bajaj Finserv Personal Loan
      "Decent Personal Loan"
      0.5 3.0/5 "Satisfactory"
      I took a Personal Loan with Bajaj of Rs.4.23 lakhs and felt the overall experience with it to be good. Their Rate of Interest 16% is a little higher compared to other Banks. Process of getting the Loan was short and didn't require much documentation.
      Was this review helpful? 9
      , bangalore
      Reviewed on Dec 01, 2017
    • Bajaj Finserv Personal Loan
      "OK OK EXPERIENCE"
      0.5 1.5/5 "Bad"
      I am not happy with the experience i had with BAJAJ FINSERV . the money got disbursed in 4 working days and i got a Full approval on the amount i asked for . What they communicated on call and on paper it was different . i took for 10 Lakh . They told there are no for closure charges they told me and after i got the amount there was charges they told . the customer service was good . Roi was 14% they charged on the amount . I was not happy with the for closure charges .
      Was this review helpful? 6
      , hyderabad
      Reviewed on Dec 01, 2017
    • Bajaj Finserv Personal Loan
      "Needs to improve on Customer Service"
      0.5 2.0/5 "Expected more"
      I have applied for the personal loan from Bajaj Finserv, my loan application was approved and the requested amount was disbursed. The loan amount was for Rs 6.5 lakhs with the rate of interest of 17.00% which is very high when compared to other sources. Initially they quoted the rate of interest for 12% and later they changed to 17%. Customer service was not up to the mark, they misguided and their response was not on time. The processing fees is also very high.
      Was this review helpful? 7
      , vadodara
      Reviewed on Nov 30, 2017
    • Bajaj Finserv Personal Loan
      "Easy Loan option"
      0.5 4.0/5 "Great!"
      I felt Bajaj Finserv rate of interest was huge, they offered 13.65% for the loan amount of Rs. 1.37 lakh it has the tenure of four years. Their approached me very good, initially the have called and approved the loan without any hassle, I am fine with their service.
      Was this review helpful? 6
      , bangalore
      Reviewed on Nov 28, 2017
    • Bajaj Finserv Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Rate of interest offered from bajaj for my personal loan service was good compare to others in the market they provide me with 13.65 interest rate they documents have been collected from my door step it was been four months I closed the loan service it was a good experience with bajaj personal loan service.
      Was this review helpful? 3
      , bangalore
      Reviewed on Nov 28, 2017
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Had the personal loan with Bajaj finserv around 2 years ago. The customer support is good with Bajaj finserv, within the promised time I have got the loan amount. The rate of interest and the charges are average with bajaj finserv. I am satisfied with the loan amount.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Nov 28, 2017
    • Bajaj Finserv Personal Loan
      "Interest is high"
      0.5 5.0/5 "Blown Away!"
      Owing to my continuous relationship with the Bank for over Ten years, they gave me this pre-approved Personal Loan. They were ready to give me how much ever I want. I decided to take RS.70000 loan from them. But I felt the Interest Rate offered by them is pretty high, I ended up paying Rs.25000.
      Was this review helpful? 2
      , pune
      Reviewed on Nov 28, 2017
    • Bajaj Finserv Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      My personal loan was taken with Bajaj by this year. I am paying 1700 rupees per month through ECS. The rate of interest and charges are average. Whenever I call the customer care they don't respond properly. They blocked my card for no reason. The documentation process is simple and provided a doorstep service.
      Was this review helpful? 5
      , mumbai
      Reviewed on Nov 28, 2017
    • Bajaj Finserv Personal Loan
      "Wonderful Service of bajaj Finserv, Very quick and best"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from bajaj finserv and the service I got was very quick and I got good rate of interest. They promised me for amazon vouchers worth rupees 4k, but due to some issues they could not provide me vouchers, so they transferred the amount to my account as work around. I recommend this bank to all ppl.
      Was this review helpful? 8
      , pune
      Reviewed on Nov 27, 2017
    • Bajaj Finserv Personal Loan
      "Trapped in flexi loan"
      0.5 0.5/5 "Unacceptable"
      I got message from bajaj, that 579862 Rs loan amount was section and after 2 days 546137 Rs is disbursal in my saving account, when i ask them why this amount is deducted, then they replied me its insurance amount. but before taking loan no one told about that deduction. Now day without any used of money 33725 Rs as processing fee and insurance was charged for all loan amount and deducted from the maximum possible amount sanctioned to me. Even i don't want this money, i only take this bkz they said if you are not used this all money then nothing charge to you, that's why i take this.... now i feel its by biggest mistake to take this flexi loan
      Was this review helpful? 6
      , vapi
      Reviewed on Nov 25, 2017
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