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 1676 Users
    Personal Loan BYTES FROM OUR KITCHEN

    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
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Bajaj Finance, the loan amount was for Rs 4 lakhs with the rate of interest of 14% which is nominal when compared to other sources. My loan experience was very good with Bajaj, they provide very good services and they responded on time. The tenure of this loan is 48 months and it was overall a good service from Bajaj.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jan 22, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Bajaj Finserv and the loan experience was very good. The loan amount was for Rs 5 lakhs and the rate of interest was nominal when compared to other sources. The process was very smooth and i received my loan amount within the given time. Customer service was good and they responded on time. The tenure of this loan is 5 years and it was overall a good service from Bajaj.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2018
    • Bajaj Finserv Personal Loan
      "Need to focus on the follow up"
      0.5 1.0/5 "Really Bad"
      BAJAJ FINSERV has collected all kind of documents for the personal loan process, but if they are not approving the loan they need to return the documents which they have collected. The customer support need to be improved with the BAJAJ FINSERV .
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 19, 2018
    • Bajaj Finserv Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      BAJAJ FINSERV has offered me the loan amount of Rs,1,00,000. The customer support is good with the BAJAJ FINSERV. The rate of interest and the charges are high with the BAJAJ FINSERV personal loan services. I would say I got better service from BAJAJ FINSERV.
      Was this review helpful? 0
      , korba
      Reviewed on Jan 19, 2018
    • Bajaj Finserv Personal Loan
      "Need improvement"
      0.5 3.0/5 "Satisfactory"
      BAJAJ FINSERV has offered me a personal loan but they are not fulfilling their promises. The customer support need to fulfill the promise which they have given to the customers. I haven't got the required loan amount and the rate of interest was also high with the BAJAJ FINSERV personal loan services.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Bajaj finserv has offered me a personal loan and they have disbursed the loan amount of Rs,2,15,000. This loan has the tenure of 5years. The rate of interest and the charges are high with the Bajaj finserv personal loan services, when compared with others.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 15, 2018
    • Bajaj Finserv Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with Bajaj Finserv before 6 months. It was a good experience on the loan process. The rate of interest was high when compared to others but they provide a good option for foreclosing and repayment. The documentation process was very quick.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 11, 2018
    • Bajaj Finserv Personal Loan
      "Need to improve"
      0.5 1.0/5 "Really Bad"
      I have taken the personal loan with the Bajaj Finserv and their customer service is not really responsiveness at any medium. Rate of interest was around 17% for the personal loan with them. Everything is good one with the Bajaj Finserv.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 10, 2018
    • Bajaj Finserv Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      I have my personal loan with BAJAJ for about 3 years.The customer service and responses was up to the mark. The loan amount was 1.10 lakhs and the Interest rate was very high when comparing to other banks in the market.The tenure period was 3 years and I had a very smooth loan process here.
      Was this review helpful? 0
      , pondicherry
      Reviewed on Jan 09, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My Personal loan experience with Bajaj was quite good, the loan amount was for Rs 2.37 lakhs with the high rate of interest when compared to other sources. When it comes to customer service, it was good, they responded on time and collected documents through door step. The tenure of the loan is 5 years and it was overall a good service from bajaj.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 09, 2018
    • Bajaj Finserv Personal Loan
      "Need to give proper status to the customers"
      0.5 1.0/5 "Really Bad"
      Initially the Bajaj finserv executives told that they can approve the personal loan application , but they have rejected my personal loan application saying that my pin code is falling on the negative area. The customer support need to give complete information about the product.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 08, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Bajaj Finserv and it was a very good loan experience. The loan amount was for Rs 90000 with the rate of interest which is high when compared to other sources. The process was very smooth and i received my loan amount within 3 days. Customer service was good and they collected documents on time. The tenure of the loan is 3 years and it was overall a good service from Bajaj.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 08, 2018
    • Bajaj Finserv Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with Bajaj Finserv was very good, they provided very good services when compared to all other sources. The loan amount was for Rs 1.3 lakhs with the rate of interest of 11.13% which is better rate. There was no processing fees charged and the response from the customer service was very good. The tenure of the loan is 3 years and it was overall a good service from Bajaj.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 05, 2018
    • Bajaj Finserv Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with Bajaj Finserv by last year. The services are very good. Earlier I had taken a personal loan and it was closed with them again I took a new loan. The rate of interest was little bit average. They offer a part payment option.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 03, 2018
    • Bajaj Finserv Personal Loan
      "Approchable bank"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from BAJAJ FINSERV. The approved loan amount is 47000. The monthly EMI comers around 2072 for 3 years. The rate of interest is minimal. The documents are minimal, i just gave my pan card, Adhara card and voter ID.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 02, 2018
    • Bajaj Finserv Personal Loan
      "Good banking"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Bajaj Finserv.The loan amount is 2.20 lakhs.The rate of interest is high as compared to other banks in the market.I had submitted limited documents to process the same.The tenure is for 36 months.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 30, 2017
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have got the personal loan with the bajaj fisnerv around 2years ago. They have disbursed the loan amount within 20days of time. The customer support is average with the bajaj finserv. The rate of interest and the charges are very high when compared with the banks.
      Was this review helpful? 9
      , hyderabad
      Reviewed on Dec 28, 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 and the experience was good. the approved loan amount was 1 lakhs. the monthly EMI is 4350. the tenure which they have given me was for 2 years. The documentation was a normal one. the rate of interest was 9% and i got the approval within 2 days.
      Was this review helpful? 8
      , hyderabad
      Reviewed on Dec 27, 2017
    • Bajaj Finserv Personal Loan
      "Better Service"
      0.5 5.0/5 "Blown Away!"
      The bajaj Finserv has approved my personal loan without any documents and I have submitted the documents through online. They have disbursed the loan amount within 48hours of time. The customer support and the response is good with the bajaj finserv.
      Was this review helpful? 2
      , vijayawada
      Reviewed on Dec 26, 2017
    • Bajaj Finserv Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The service is very good with Bajaj Finserv. I got a personal loan with Bajaj before 9 months. The loan process was simple and very faster. The rate of interest was average and they charge minimal processing fee. The documents are collected by the executive. There was no delay and they disbursed my loan within 3 days.
      Was this review helpful? 4
      , mumbai
      Reviewed on Dec 26, 2017
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