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  • Bajaj Finserv Doctor Loan is Rated as "Great!" by 1704 Users
    Personal Loan BYTES FROM OUR KITCHEN

    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.

    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
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have got the personal loan from BAJAJ FINSERV around 2 years ago. The customer service is good with the BAJAJ FINSERV. They give good response to the customers. The rate of interest and the charges are pretty high with the BAJAJ FINSERV personal loan service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 22, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Got the personal loan from the BAJAJ FINSERV around 6y months ago. The customer support service is good with the BAJAJ FINSERV and they have offered me they have sanctioned the required loan amount and I am satisfied with it. The rate of interest and the charge are pretty high with the BAJAJ FINSERV personal loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 19, 2018
    • Bajaj Finserv Personal Loan
      "Personal loan with BAJAJ FINSERV"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from BAJAJ FINSERV. The approved loan amount was 4 to 5 lakhs. The rate of interest comes around 12 to 13 %. The monthly EMI is 9000 which i have to pay for 36 months. There was some processing fee and charges with BAJAJ FINSERV.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Feb 17, 2018
    • Bajaj Finserv Personal Loan
      "High charges"
      0.5 4.0/5 "Great!"
      My personal loan is with Bajaj Finserv. The process was okay. They showed up one thing and they charged another thing. I was told that the interest rate is of 20% and they charged 28%. I was told 16%. They need to be more consistent and clear when it comes to charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 17, 2018
    • Bajaj Finserv Personal Loan
      "Process is good, but high on charges"
      0.5 5.0/5 "Blown Away!"
      I got a over draft loan from Bajaj Finserv. The customer services are good and there were no issues to get the loan through. They have a limit for a customer and the customer can use the loan as much as needed. The rate of interest and charges are high when compared.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 17, 2018
    • Bajaj Finserv Personal Loan
      "Best banking"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Bajaj Finserv,the loan amount is 2.87 lakhs,rate of interest is 12% is low as compared to others.The tenure is for 36 months.I have already paid 7 months,They had deducted processing fees of 15,000.Documents were collected door step and within 2-3 days it was disbursed.
      Was this review helpful? 0
      , jaipur
      Reviewed on Feb 15, 2018
    • Bajaj Finserv Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Bajaj Finserv,The loan amount is seven lakhs,rate of interest is 13.5%,the EMI is active.I make payments through online,the loan was disbursed within 2-3 days of time.documents were Collected door step.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 15, 2018
    • Bajaj Finserv Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I have got the personal loan from the BAJAJ FINSERV around 2 years ago. The customer support service is good with the BAJAJ FINSERV. They have disbursed the loan amount within the promised time. The required loan amount has been given and I am satisfied with it.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Feb 13, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan from the BAJAJ FINSERV around a year ago. The customer support service is good with the BAJAJ FINSERV, They took around 3 days of time to disburse my loan amount. The rate of interest and the charges are average with the BAJAJ FINSERV.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Feb 13, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The rate of interest and the charges are quite high with the Bajaj finserv personal loan services. I have got the personal loan from the Bajaj around a year ago. The required loan amount was not disbursed by bajaj and I am not satisfied with it.
      Was this review helpful? 0
      , vellore
      Reviewed on Feb 12, 2018
    • Bajaj Finserv Personal Loan
      "Dont GO for Bajaj FInServ "
      0.5 0.5/5 "Unacceptable"
      I Opt interest servicing loan it's like OD account which is online service no customer care no branch. When I opt loan for saving some interest I want to transfer a big amount In my OD account but a couple of days my portal account was not registered. I requested them no of time after that they activated it took 4 days. After account activation, I tried to deposit a big amount on OD Account but its failles. So I submited request on portal but still they have not resolve my query I am worried with my amount and in this duration they are going to charge me interest on full amount I want to push more money but I am afraid. No one here for assistance. I am a software engineer I have worked on payment gateway many times I know how is it working. but I believe thye don't know that's why I am worried with my amount this is my request please don't go for online loan option and even if you want to avail any loan then go with the proper procedure and very important point please dont trust on
      Was this review helpful? 0
      , pune
      Reviewed on Feb 09, 2018
    • Bajaj Finserv Personal Loan
      "Needs Improvement"
      0.5 1.0/5 "Really Bad"
      The promises were not fulfilled by the bajaj finserv and the rate of interest which they have offered was very high when compared with others. The additional charges were also high with the Bajaj finserv, I would say it was a poor service which I got from the Bajaj finserv.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 09, 2018
    • Bajaj Finserv Personal Loan
      "Need to be customer centric"
      0.5 1.0/5 "Really Bad"
      The BAJAJ FINSERV haven't considered my personal loan application, even though I have got more products with the help of BAJAJ FINSERV consumer durable loan. They told that I have got more than 2 cheque bounces, so that was the reason, they have rejected my personal loan application.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 08, 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 good. The loan amount was for Rs 6.6 lakhs with the rate of interest of 15% which is high when compared to other sources. They charged a processing fees of Rs 15600 which is very high. Customer service was fine and they responded on time. The tenure of this loan is 5 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 08, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have taken a Personal loan with Bajaj Finserv and my loan experience was average. The loan amount was for Rs 4.80 lakhs with the rate of interest of 15% which is way high when compared to other sources. Customer service was not up to the mark and they did not respond on time. The tenure of this loan is 5 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 07, 2018
    • Bajaj Finserv Personal Loan
      "Excellent"
      0.5 3.0/5 "Satisfactory"
      I have got the personal loan with the Bajaj Finserv and they have given the rate of interest as 14.5%, also the customer service is good one. The loan amount got disbursed within three days of time from the date, when I have applied.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 06, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have got the personal loan from the bajaj finserv around 3 years ago. The customer support service is average with the bajaj finserv. The required loan amount has been approved by the bajaj finserv and I am satisfied with it. The rate of interest is quite high.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 05, 2018
    • Bajaj Finserv Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The response is quick and fast from the BAJAJ FINSERV, the processing time is very minimal with the BAJAJ FINSERV personal loan services. The rate of interest and the charges are very low with the BAJAJ FINSERV personal loan services. I am satisfied with the loan amount which i got from the BAJAJ FINSERV.
      Was this review helpful? 0
      , goa
      Reviewed on Feb 05, 2018
    • Bajaj Finserv Personal Loan
      "Good Loan"
      0.5 4.0/5 "Great!"
      I got a Personal Loan from Bajaj FinServe and the experience with it has been pretty much alright. Only thing with them was that the Interest rate applied on this card is on a higher end. The process of getting the Loan was very easy and involved less work for it.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Feb 02, 2018
    • Bajaj Finserv Personal Loan
      "High rate of interest"
      0.5 4.0/5 "Great!"
      I had applied and got the Personal Loan from BAJAJ FINSERV. They approved my Personal application and sanctioned the promised principle amount. But I feel there is a little dissatisfaction when it comes to the Rate of interest which they offered is 14% is too high when compared with other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 02, 2018
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