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  • Bajaj Finserv Doctor Loan is Rated as "Great!" by 1789 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
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Bajaj Finserv and my experience was good, the loan amount was for Rs 3 lacs with nominal interest when compared to others. Customer service was good with Bajaj and they responded on time. The tenure period for this loan is 3 years.
      Was this review helpful? 1
      , bangalore
      Reviewed on Sep 17, 2018
    • Bajaj Finserv Personal Loan
      "Easy process"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Bajaj Finserv. The customer services and response is good. The rate of interest and processing charges are normal. The process to get the loan is good and I got the loan amount I needed. The after loan services are good too.
      Was this review helpful? 7
      , indore
      Reviewed on Sep 07, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 2.5/5 "Just OK"
      My experience was average with Bajaj Finserv for personal loan, the process was smooth and i received my loan amount on time. The interest rate was too high when compared to others in the market. Customer service was not up to the mark and the tenure period for this loan is 3-4 years.
      Was this review helpful? 7
      , bangalore
      Reviewed on Aug 29, 2018
    • Bajaj Finserv Personal Loan
      "Need to have clarity in the process"
      0.5 1.0/5 "Really Bad"
      I had taken a over draft loan with Bajaj Finserv. It has not been a good experience as there were hidden charges and the pre closure was very hectic and there was no clarity. I am not happy with the services and the process and I would not recommend them.
      Was this review helpful? 9
      , navi mumbai
      Reviewed on Aug 29, 2018
    • Bajaj Finserv Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finserv is pretty good in the process for the personal loan. The customer services and response is good. There are no issues in the process. I received the loan on time and as needed. The rate of interest and processing charges are also fine.
      Was this review helpful? 7
      , hyderabad
      Reviewed on Aug 27, 2018
    • Bajaj Finserv Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with BAJAJ 1 year back. The loan amount was 2 lakhs and the interest rate was satisfactory . The tenure period was 48 months . The customer service and responses was up to the mark. Its a very quick approval and fats process too. The documentation was smooth and processing fee was better than AXIS BANK.
      Was this review helpful? 15
      , coimbatore
      Reviewed on Aug 21, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 2.5/5 "Just OK"
      My personal loan experience was good with Bajaj Finserv, the loan amount was for Rs 1 lakh with high interest rate when compared to others. Customer support was very good and they responded on time. The tenure period for this loan is 3 years out of which 11 months already completed.
      Was this review helpful? 9
      , hyderabad
      Reviewed on Aug 17, 2018
    • Bajaj Finserv Personal Loan
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with Bajaj Finserv. The customer services and response is good and I got the loan with ease. They are also normal on the rate of interest and processing charges. It is around 14%. The after loan services are also satisfactory.
      Was this review helpful? 13
      , pune
      Reviewed on Aug 17, 2018
    • Bajaj Finserv Personal Loan
      "High on ROI and charges"
      0.5 5.0/5 "Blown Away!"
      I have also taken a personal loan with Bajaj Finserv. The customer services are good and they are responsive too. They collected my paper work on time. But they have offered me a very high interest rate and processing charges when compared to the other banks.
      Was this review helpful? 8
      , dibrugarh
      Reviewed on Aug 11, 2018
    • Bajaj Finserv Personal Loan
      "Swindling agents"
      0.5 0.5/5 "Unacceptable"
      This is a company filled with cheats and they are trained in manipulating the customers. I was looking for a personal loan and these guys approached me with and low interest rate and promise to process it in 2-3 days. I have provided all the docs and these guys vanished after collecting the docs. I had to follow up and they didn't bother to update. These are the guys you shouldn't be dealing with: 9315259918 - Channel partner 9900343413 - Hari Krishna 8296071339 - Jaykumar and his boss Manjunath
      Was this review helpful? 14
      , bangalore
      Reviewed on Aug 09, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Bajaj finserv and my experience was good, the loan amount was for Rs 1 lakh with high interest rate when compared to others. Customer service is good and they responded on time. The tenure period for this loan is 3 years.
      Was this review helpful? 13
      , kolkata
      Reviewed on Aug 07, 2018
    • Bajaj Finserv Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Bajaj Finserv and my loan experience was good, the loan amount was for Rs 1.5 lakhs with nominal interest rate when compared to others. There are no charges on preclosure. Part payment was allowed anytime and the internet service is very good in Bajaj.
      Was this review helpful? 11
      , coimbatore
      Reviewed on Aug 06, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have taken a personal loan from Bajaj Finserv and the experience was good, the loan amount was for Rs 1.25 lakhs with nominal interest rate when compared to others. Customer service was good and they responded on time. The tenure period for this loan is for 3 years.
      Was this review helpful? 11
      , coimbatore
      Reviewed on Aug 01, 2018
    • Bajaj Finserv Personal Loan
      "Not satisfied"
      0.5 3.0/5 "Satisfactory"
      My experience with Bajaj Finserv for personal loan was good, the process was smooth and i received my loan amount on time. I am planning to preclose this loan as the rate of interest is very high. The loan amount was for Rs 2 lakhs with the tenure period of 3 years.
      Was this review helpful? 11
      , bangalore
      Reviewed on Jul 31, 2018
    • Bajaj Finserv Personal Loan
      "Good"
      0.5 4.5/5 "Excellent!"
      I have taken my personal loan with BAJAJ 4 years back. The loan amount was 3 lakhs and the interest rate was satisfactory . The EMI period was 5 years back.Their service and really good and it was complete paperless. The pre closure process was quite easy and fast when compared with other banks. The processing fee was bit high .
      Was this review helpful? 16
      , pune
      Reviewed on Jul 28, 2018
    • Bajaj Finserv Personal Loan
      "Service is superb"
      0.5 5.0/5 "Blown Away!"
      Processing fee is nominal. I have taken this personal loan recently. From the next month only my first month EMI is going to deduct. I have applied the loan amount of Rs. 2.61 lakhs and they have offered me a interest rate of 10.99%. They made the loan within 48 hours and very quick process also.
      Was this review helpful? 12
      , bangalore
      Reviewed on Jul 26, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have taken personal loan from BAJAJ FINSERV , Am not satisfied with the rate of interest which is high but had to go with it based on my situation . Where there are processing fees They instantly approved They gave the tenure period of 36 year and made the payments through ECS,
      Was this review helpful? 10
      , bangalore
      Reviewed on Jul 25, 2018
    • Bajaj Finserv Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with BAJAJ few months back. The loan amount was 4,80,000 and the interest rate was very high . The tenure period was 5 years . I am satisfied with the customer service and reposes . There is no tediousness faced . The process was very smooth and good . The loan was approved on time and the processing fee was also nominal.
      Was this review helpful? 10
      , chennai
      Reviewed on Jul 25, 2018
    • Bajaj Finserv Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with Bajaj Finserv was good, the process was smooth and the loan amount was disbursed on time. The loan amount was for Rs 6.5 lakhs with nominal interest rate in the market. Customer service was good and the tenure period for this loan is 5 years.
      Was this review helpful? 13
      , hyderabad
      Reviewed on Jul 25, 2018
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from the Bajaj Finserv for 1.5 lacs. The interest was on the higher side when comparing with the other financial institutions in the market. The whole application and the documentation process was easy and hassle free.
      Was this review helpful? 9
      , chennai
      Reviewed on Jul 24, 2018
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