Doctors! Your service intent towards the society deserves applause. If a doctor is present in the vicinity, people stay carefree. They know that they’ll be attended to anytime in an emergency. It makes a doctor’s job a 24x7 service.
Bajaj Finserv offers exclusive Doctor Loan to ensure a doctor has the best available equipment to serve people better. Whether a doctor needs medical equipment with the newest technology or needs an expansion, a loan for doctors’ equipment best serves this purpose. Being a professional, a doctor can avail the loan which comes with a pre-approved
offer.
The pre-approved offers from Bajaj Finserv cover Doctor Loans along with Personal Loans, Home Loans, Business Loans and various other financial products and services. These make the process easier and time-saving. All you have to do is fill in a few details and check your pre-approved offer instantly.
A doctor loan comes in different categories.
Types of doctor loans:
1.Personal loan for doctors
A doctor can take a personal loan of up to Rs. 35 Lakh. Other than purchasing medical equipment, he can use it for vacationing, wedding, purchasing a home or paying for kid’s overseas education.
2.Business loan for doctors
If a doctor plans to expand the medical facility where he/she operates or works from, a business loan suits the best. A borrower can avail a loan for doctors’ equipment if he/she plans to buy medical equipment for better diagnosis and treatment. One can also use the funds for maintaining a constant cash flow or for working capital needs.
3.Loan against property for doctors
Loan against property is another form of financing available for a practising doctor. A doctor can use it either for personal expenses or for buying equipment or even setting up a new clinic.
However, doctors need to ensure they are buying the right medical equipment with the funds.
Eligibility criteria for doctor loan:
Bajaj Finserv enlists following criteria to avail a loan for doctors’ equipment –
I.For super specialist doctors (MD/DM/MS), experience is not required post qualification.
II.A doctor with MBBS degree needs to have 2 years of experience to avail the loan.
III.Dentists (MDS/BDS) should have minimum 5 years of post-qualification experience.
IV.Ayurvedic or homeopathic doctors need a minimum 6 years of experience.
Apart from this, documentation requisites are minimal – one only needs to submit KYC documents and medial registration certificate.
Check out the charges applicable:
The doctor loan interest rate and charges applicable are –
●The interest rate on personal loans for doctors varies from 14-16%.
●Other charges applicable include a processing fee of up to 2%.
●There are no charges on prepayment or getting loan statements.
Avail the benefits of doctor loan:
Bajaj Finserv also comes with many unique features that ease out the loan repayment process. Such benefits are –
A.Flexi-loan facility
Through this facility, you can withdraw the loan amount at once or in parts as per your convenience. You only need to pay the interest as EMI. If convenient, you can repay the principal amount at the end of the tenure.
B.Part pre-payment
Bajaj Finserv also gives an option to part pre-pay an amount greater than 3 EMIs without any charges.
C.No collaterals
In the case of a loan for doctors’ equipment, you don’t need collateral security or guarantee. You get the loan by documents provided which also include the financial statements and income tax returns for previous years.
If you are a doctor who meets all the eligibility criteria for doctor loan, this is your opportunity. Grab it to up your services, and provide hi-tech facility to your patients for diagnosis and treatment.