Multiple banks. Different interest rates. Call it a "conflict of interest".
  • Bajaj Finserv Doctor Loan is Rated as "Great!" by 1847 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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.

    Bajaj Finserv Doctor Loan Reviews

    • Bajaj Finserv Personal Loan
      "Response should be improved"
      0.5 3.0/5 "Satisfactory"
      Earlier I had Bajaj Finserv personal loan now it got completed, they gave me the interest of 18% for 3 years. I closed the loan in last three months through preclosure, there was extra charges around Rs.2500. There is no phone banking hence I used to visit to the branch.
      Was this review helpful? 2
      , chennai
      Reviewed on Jan 10, 2019
    • Bajaj Finserv Personal Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      The experience i had with this loan has been good where the process has been simple. The loan amount has been sufficient and the interest rate with them has been nominal as well. There has been some charges which they had made which has been nominal. There has not been any hassle faced with the services of them during the process.
      Was this review helpful? 2
      , gandhinagar
      Reviewed on Jan 10, 2019
    • Bajaj Finserv Personal Loan
      "Satisfactory"
      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. I also got the loan amount as needed. The rate of interest and processing charges are nominal too.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 10, 2019
    • Bajaj Finserv Personal Loan
      "Good options in this loan"
      0.5 5.0/5 "Blown Away!"
      I have taken a Flexi personal loan from Bajaj Finserv. The rate of interest is of 13% plus 1% of processing fee and the customer is allowed to foreclose the loan at any time and there are some charges for the same. The tenure is for five years and the customer is given a loan of minimum 2.5 lakhs to maximum 10 to 15 Lakhs, depending on the credit score and salary drawn. I should pay the interest for the what ever amount I have used out of the overall loan given to me. They have also charged me for a life insurance policy worth 15 lakhs, if anything is to happen to me the loan would be redeemed through this policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 10, 2019
    • Bajaj Finserv Personal Loan
      "Interest should be reduced as per the market"
      0.5 3.0/5 "Satisfactory"
      I have to run behind the Bajaj Finserv to take the personal loan, they approved the loan on time. But the interest rate is very huge, they charged me around 19% for the loan amount of Rs. 1 lakh but they disbursed the amount around Rs. 91,000 they taken processing and insurance fee.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jan 08, 2019
    • Bajaj Finserv Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      My experience was not good with Bajaj finserv for personal loan, the loan amount was for Rs 50000 with nominal interest rate. Customer support was not up to the mark and there was no proper response. Tenure period for this loan is for 2 years.
      Was this review helpful? 11
      , hyderabad
      Reviewed on Dec 29, 2018
    • Bajaj Finserv Personal Loan
      "Dissatisfactory"
      0.5 1.0/5 "Really Bad"
      For the personal loan of Bajaj Finserv, the interest rate is very high. Next month its going to get expire then I will be the happy customer. Initially they promised less interest but finally they charged huge percentage hence I am fed up with them.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Dec 22, 2018
    • Bajaj Finserv Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I am not sure about the interest rate of the personal loan, I have taken the loan nearly one year back with Bajaj Finserv. There are different emi options are good, the loan amount is also sufficient, the process is easy to take the personal loan.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Dec 18, 2018
    • Bajaj Finserv Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      Without any paper works my personal loan got sanctioned, I approached them based on my previous experience. I have taken some durable loans. The interest rate for personal loan is moderate and they sanctioned the loan with in 24 hours, they have part and preclosure options.
      Was this review helpful? 5
      , chandigarh
      Reviewed on Dec 18, 2018
    • Bajaj Finserv Personal Loan
      "7 months before, i have purchased my personal loan with Baja"
      0.5 1.5/5 "Bad"
      7 months before, i have purchased my personal loan with Bajaj Finserv. Everything is fine with bajaj except their interest rate since its huge. They have offered me a interest rate of 14.5% and other charges of Rs. 500. I have applied the loan amount of rs. 80000 and they have sanctioned the loan amount of Rs. 74000 by deducting the processing fee. I pay the EMI of Rs. 3223. I selected the the tenure period of 48 months.
      Was this review helpful? 6
      , pune
      Reviewed on Dec 17, 2018
    • Bajaj Finserv Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      My experience with Personal loan from Bajaj finserv was not good, the loan amount was for Rs 1.25 lacs with high interest rate when compared to others. Charges and interest rate are very high on this loan and they charge 4% as preclosure charges. Customer support was not up to the mark.
      Was this review helpful? 10
      , bangalore
      Reviewed on Dec 14, 2018
    • Bajaj Finserv Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      Bajaj finance is not giving that much good service for the financial service , where i have been trying to pre close my loan , where they have given high rate of interest with processing fees of 2% . I had to do follow ups for in order to receive the Noc .
      Was this review helpful? 14
      , mumbai
      Reviewed on Dec 13, 2018
    • Bajaj Finserv Personal Loan
      "Helpful loan for the business people"
      0.5 5.0/5 "Blown Away!"
      There is a pre-closure charges of 2% and we can make the partial payment at any time after six months. Again they have given me a offers once i pay the loan perfectly. There is a pre-closure charges of 2% and we can make the partial payment at any time after six months. Again they have given me a offers once i pay the loan perfectly. I have purchased the loan amount of Rs. 4.5 months. Total tenure period of the loan is 36 months and 12 months got over. Rate of interest was 14.50% and i got the loan in offer day hence there is no processing fee. The same day collection executive came to my place collected all the documents and sanctioned the loan on same day.
      Was this review helpful? 5
      , bangalore
      Reviewed on Dec 11, 2018
    • Bajaj Finserv Personal Loan
      "AVERAGE"
      0.5 3.5/5 "Pretty good"
      The rate of interest is very higher with this BAJAJ FINSERV where i a have take the personal loan with them and using it from past 2 years. The loan amount is satisfactory. They have the option of part payment also the process is good and easy.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Dec 11, 2018
    • Bajaj Finserv Personal Loan
      "Very Good loan experience"
      0.5 4.0/5 "Great!"
      I have purchased my personal loan with Bajaj in June 2018. I have got the loan amount of Rs. 3.67 lakhs. I'm satisfied the interest rates which is 19.25% however its quite high. I have been paying the EMI of Rs. 13400 every month. The amount will be auto debited from my account. I have selected the tenure period of 3 years. Fast process and easily available loan.
      Was this review helpful? 6
      , amravati
      Reviewed on Dec 11, 2018
    • Bajaj Finserv Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I had taken this loan almost four years back and the loan amount which they had provided has been sufficient. The interest rate with them has been around 18% which was quite high and there has been a processing fee of 8% which was charged by them.
      Was this review helpful? 7
      , bangalore
      Reviewed on Dec 10, 2018
    • Bajaj Finserv Personal Loan
      "ROI and charges are high"
      0.5 5.0/5 "Blown Away!"
      I had my personal loan with Bajaj Finserv earlier and since they were higher on the rate of interest and processing charges I transferred my loan to another bank. The interest rate of around 12%. Though they provide the loan when in need, they still need to work on the interest and charges when compared with other banks.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Dec 09, 2018
    • Bajaj Finserv Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was a very good experience i had with this loan, the loan amount whcih they had provided has been sufficient and the interest rate was around 14% which has been nominal. There has been some processing fee charged by them and the customer support has been helpful as well.
      Was this review helpful? 6
      , hyderabad
      Reviewed on Dec 07, 2018
    • Bajaj Finserv Personal Loan
      "Not recommendable for personal loan"
      0.5 2.0/5 "Expected more"
      Once i finished my two wheeler loan the Bajaj Finserv people have offered me a personal loan with the amount of Rs. 80000. They have charged me a higher interest rate of 17% which is higher and they have done verification to my home and office after that they have approved the loan after 10 days. One the collection executive got the money from me but he had not made the payment due to this issue, i have done the pre-closure.
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 07, 2018
    • Bajaj Finserv Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      The experience with this loan has not been good, where the interest rate with them has been high when compared with the market rate. There has also been some charges which they had made which has been high. The loan amount which they had provided has been sufficient but.
      Was this review helpful? 4
      , visakhapatnam
      Reviewed on Dec 06, 2018
    Common Loader Icon

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.