Bajaj Finserv Doctor Loan Interest rates in Aurangabad
Up To 10,00,000 | 10,00,000 To 30,00,000 | 30,00,000 Above | |
---|---|---|---|
Salaried Doctor | 14.00% | 14.50% | 14.75% |
Self Employed Professional Doctor | 15.00% | 15.50% | 15.50% |
Features of Bajaj Finserv Doctor Loan Aurangabad
Type | Features |
---|---|
Processing Fee | 2.0 |
Pre Closure Charges | 4.0 |
Part Payment Charges | Allowed |
Min Tenure | 1 Years |
Max Tenure | 4 Years |
Min Age | 24 Years |
Max Age | 60 Years |
Min Loan Amount | Rs.5,00,000/- |
Max Loan Amount | Rs.50,00,000/- |
Bajaj Finserv Doctor Loan Aurangabad Charges
Type | Charges |
---|---|
E M I Bounce Charges | Rs. 550 per Bounce |
Penal Interest | @24% Per Annum |
Duplicate Statement Charges | Free |
Insurance Cover | Upto Loan Amount |
Cheque Swapping Charges | Rs. 550 |
Issue Amortization Schedule Duplicate | Free |
N O C Issuance Charges | Free |
Duplicate N O C Issuance Charges | Free |
Loan Cancellation Charges | Not Applicable |
Documentation For Doctor Loan
For Salaried Persons
- Filled Application form
- Identity Proof (PAN CARD)
- Qualification Proof
- Address Proof
- Own House Proof
- Latest 3 months Pay-slips
- 2 Passport Size color Photographs
- 6 months Bank Statements
- 3 Post Dated Cheques/ECS Mandate
For Self Employed/Professionals
- Filled Application form
- Identity Proof
- Address Proof
- Qualification Proof
- Last 2 years Income Tax Returns
- Professional/Self employed existence proof for more than 3 years
- 2 Passport Size color Photographs
- 6 months Bank Statements
- Filled Application form
- 3 Post Dated Cheques/ECS Mandate
Identity Proof For Doctor Loan
- Passport
- Driving License
- PAN card
- Photo credit card (with embossed Signature and last two months statement)
- Banker's sign verification
Age Proof For Doctor Loan
- PAN Card
- Passport
- License
- School leaving certificate
- Voter card
- Birth Certificate
- LIC policy (only for age Proof)
Address Proof For Doctor Loan
- Passport
- Telephone bill (BSNL/MTNL)
- Electricity bill
- Title deed of property
- Rental agreement
- Driving license
- Election ID card
- Photo-credit card (with last two month statements)
Job Continuity Proof For Doctor Loans
- Form 16 (For Individuals)
- Appointment Letter (for last two months)
- Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)
Banking History For Doctor Loan
- Bank statements of latest 2 months
- 3 months bank passbook
Qualification Proof For Doctor Loan
- Graduate or Post Graduate qualification certificate
- IMA (Indian Medical Association) membership number
- Any other registrations allowed by Indian Government.
Own House Proof For Doctor Loan
- Sale deed of Property with own name
- Property Tax receipt with own name
- Electricity bill with own name
Bajaj Finserv Doctor Loan FAQ's
What is a Doctor Loan?
Doctor Loan also referred to as a Physician Loan is a special Loan for professional doctors with a self-owned clinic or those working in a government or private clinic, hospitals and Consultants. A Doctor Loan is taken to serve the financial requirements of doctors looking to expand the scale of operations.
How to Apply for a Doctor Loan?
Professional loan for doctors is given depending on factors such as qualification, experience, annual income, profit making and age of applicant. Once you meet these parameters, you can apply for a doctor loan in India via different channels such as phone calls, SMS or by visiting the branch. However, the easiest of the lot is to apply for a doctor loan online by simply filling an online application form. The representatives then get in touch and help you with the rest of the process.
What is the interest rate for a doctor loan?
Whether you are looking to expand your infrastructure or scale of operations to provide better service and treatment facilities, Doctor Loans by Bajaj Finserv would be the smartest option. With a loan tenor of up to 60 months our Doctor Loan interest rates are amongst the lowest in India. Other charges such as Processing Fees, Secure Fee and EMI bounce charges would be applicable.
About Bajaj Finserv
The company is currently engaged in consumer finance businesses, life insurance, and general insurance and has plans to expand its business by offering a wide array of financial products and services in India. Apart from financial services, Bajaj Finserv is also active in wind–energy generation.
Bajaj Finserv Highlights
About Other Banks
ICICI Bank
Axis Bank
HDFC Bank
Magma Fincorp
DHFL
Citi Bank
Dcb Bank
IDBI Bank
IndusInd Bank
Kotak Mahindra Bank
RBL Bank
State Bank of India
Standard Chartered Bank
Avanse
LIC Housing Finance
Fullerton
TATA Capital
Credila
HDFC Limited
Aditya Birla Housing Finance
Capital First
Edelweiss
Indiabulls Housing Finance
Religare Finvest
Yes Bank
Canara Bank
Bank of Baroda
Who are Eligible For Doctor Loans?
Following are eligible for Doctor Loans:
MBBS, BDS Graduate Doctors - Minimum 5 years of experience (Post qualification)
MD, DM, MS, MCH, MDS Post Graduate Doctors having Minimum 4 years of Experience (Post qualification)
Individual doctors employed with reputed Government or Private Hospitals in India
Self employed doctors who own a hospital, a nursing home, a Clinic in India.
Consulting doctors with leading hospitals in metro cities in India.
Hospitals in form of Proprietorship/Partnership and Private Limited companies
Eligibility and Documentation For Doctor Loan
Rate of Interest will be based on bank/financial Institutions internal policies and terms. Generally Bank account conduct, reputation of the entity, repayment capability, credit history, Promoters Back ground and other credit related factors which can be evolved for Doctor Loans.
Limit: Doctor Loans can be availed from Rs. 5 Lakhs to Rs. 75.0 Lakhs
Age: Minimum of 26 years and Maximum of 60 year on maturity of the Loan amount.
Tenure: 12 - 48 months
Doctor Loan Pros
Doctor Loan Cons
Expert Advice
Best Practices for Doctor Loan
Things not to do for Doctor Loan
Important points to be remember for Doctor Loans
As a experienced individual doctor, you need to avail a doctor loan funds so as to open a clinic and begin practicing. There are certain eligibility situations that need to be noted while avail the Doctor Loans.
About Aurangabad
Aurangabad District, also called Sambhaji Nagar, is one of the 36 districts of Maharashtra state in western India. The history of Aurangabad can be traced back to 1610, when the former Abyssinian slave and then prime minister of the Muslim kingdom of Ahmednagar, Malik Ambar establishment a city on the site of an old village called Khirki. His son Fateh Khan named the city he ruled over, Fatehpur in 1626.
Modern Aurangabad retains an Islamic ambience and still retains an old world charm. Veiled women (in burkhas) move about in the Chowk area, the call of the muezzin can be heard over the din and bustle of traffic, and come Friday, large crowds veer towards the mosques for ritual prayers. But the city has donned a more contemporary face as a major industrial centre for pharmaceuticals, automobiles, textiles and electronics and as the gateway to the cave temples of Ajanta & Ellora.
Other Cities Loan Offers
Places To Be Visited In Aurangabad
Khuldabad
The place is a holy shrine for Muslims. It is a wonderful place surrounded by mountains and it offers scenic view. The city walls constructed by Aurangazeb were ruined and you could see ruins of ancient buildings. The Tombs of Aurangazeb, Khan Jahan’s Lal Bagh and various other Tombs are found here.
Bani Begam Bagh
The beautiful garden was created by the grandson of Aurangazeb in memory of Bani Begum, his wife. This is a perfect place if you want to relax on your tour and keep your spirits soaring. The garden reflects the style of Mughal architecture.
Ghrishneshwar Temple
Ghrishneshwar Temple belongs to 18th century. It is just half a kilometer from Ellora Caves. The marvelous architecture is awe-inspiring though you cannot hope to see the complete ancient architecture here owing to the damage caused by Aurangazeb. A peaceful place and it is frequented by tourists, as it is one of the twelve Siva temples.
Ajanta Caves
Ajanta Caves top the list of favorites when one visits Aurangabad. Declared as World Heritage Site by UNESCO, Ajanta Caves have been visited by tourists from all parts of the world. The mural paintings in Ajanta Caves display unique style that cannot be seen in any part of the world. The paintings depict the events on the life of Buddha and there are illustrations on Buddhist deities. The stunning paintings reveal the skills and artistry of the artists and they effectively narrate the events without the need for words. A lot of researches were undertaken to learn about the mystery behind the life of paintings. The paintings have withstood the test of time and the colors are fresh and glowing.
Ellora Caves
Ellora Caves throw light on the tolerance of the people of ancient India who were ready to accommodate other beliefs and faiths. Ellora Caves are spaced over 2 kilometers and there are 34 caves representing three religions namely Buddhism, Hinduism and Jainism. The monuments date between 600 A.D. and 1000 A.D. All the 34 temples and monasteries were dug adjacent to each other in the walls of a cliff. The first 12 caves are Buddhist Caves and they are the oldest. The next 17 caves are the Hindu Caves. The last 5 caves are Jain Caves. The architectural expertise and the efforts taken by the artisans in constructing buildings out of rocks have no words to admire enough.
Devgiri Fort
Devgiri Fort is situated in the village of Daulat. The massive fort immediately attracts you and has you spellbound the moment you set your eyes on it. The fort was considered to be constructed by Billamraja who ruled Daulatabad during 1187 A.D. The most interesting fact about the fort is that it remained unconquerable throughout. The architectural wonder was built to provide the best defense to the rulers and it was very well achieved, as the fort was never won.