Bajaj Finserv doctor loan – Introduction, Eligibility, Interest Rate ,Criteria, FAQ ,Conclusion
Introduction:
Bajaj Finserv is one of the leading NBFCs in India that provides a wide range of financial products and services. One of their offerings is the Doctor Loan, specifically designed for medical practitioners who require financial assistance to expand their practice or buy equipment.
Eligibility:
To be eligible for Bajaj Finserv Doctor Loan, you must be a medical practitioner with a minimum qualification of MBBS, BDS, BHMS, or BAMS. The applicant should be between 25-65 years of age and must have a minimum of 3 years of experience in their field of practice. Additionally, the applicant should have a good credit score and a stable income.
Interest Rate:
The interest rate on Bajaj Finserv Doctor Loan varies between 11.99% to 15.50% per annum, depending on various factors such as the loan amount, tenure, and creditworthiness of the applicant.
Criteria:
The loan amount offered by Bajaj Finserv ranges from Rs. 3 lakh to Rs. 30 lakh, with a repayment tenure of up to 96 months. The loan can be used for various purposes, including practice expansion, purchasing equipment, and buying a clinic or office space. The loan can be availed through a hassle-free online application process.
FAQs:
- What is the maximum loan amount I can avail of through Bajaj Finserv Doctor Loan? A: The maximum loan amount you can avail of is Rs. 30 lakh.
- Can I prepay the loan amount before the due date? A: Yes, you can prepay the loan amount before the due date, but you may be charged a prepayment penalty.
- What is the repayment tenure for Bajaj Finserv Doctor Loan? A: The repayment tenure can range up to 96 months.
Conclusion:
Bajaj Finserv Doctor Loan is a specially designed loan product for medical practitioners who require financial assistance to expand their practice or buy equipment. The loan offers a high loan amount, a long repayment tenure, and a competitive interest rate. However, before availing of the loan, it is recommended to carefully consider the eligibility criteria, interest rate, and other terms and conditions.
