Bajaj Finance Professional Loans

Bajaj Finance is a trusted name amongst the plethora of lenders in India. They pride themselves in knowing the strife and struggle of a borrower and therefore have the right processes in place to make the experience of availing loan convenient, hassle free and really fast. Whether it is a common man or a big corporate entity, at Bajaj finance everyone is served with passion and dedication which shows in results. They offer wide variety of services under one roof that includes:

  • Loans – Personal loan, home loan, loan against shares, loan against gold, business loan, loan against fixed deposit, loan against property and vendor finance
  • Insurance which includes life, general, travel, car, two-wheeler, health, home Insurance.
  • Investment services include fixed deposits and mutual fund.

Under the category of loans, Bajaj finance has loan for professional that are specifically focused on doctors who need funding for business expansion, improving facilities or starting your own practice. Now we will discuss various features, eligibility and process of getting this loan from Bajaj Finance.

Features of Loan

Bajaj Finance’s professional loan for doctors has unique benefits and package that has been built to suit the need of a professional. Main features and benefits of this loan are as follows:

  • Online facility to avail the loan, from comfort of your home
  • Loan can be availed from any of the 119 locations, Bajaj finance serves in.
  • Unsecured loan available up to Rs. 30 lakhs on fixed rate of interest
  • Loan tenure ranges from 12 to 60 months
  • No guarantors or collaterals required
  • Flexi loan account from which you can borrow from time to time up to the maximum limit assigned to you. The interest is to be paid on withdrawals or utilisation and not on the entire amount sanctioned.
  • Prepayment option available whenever you want to use your extra funds to pay off.
  • Part payment can be made up to 6 times in one calendar year and minimum amount should be 3 times the EMI amount.
  • Nil part payment charges if the outstanding loan amount is just 25% of the original loan. For all other cases a charge of 4% is levied.
  • If you happen to need more funds after pre-payment, you can reverse it within the loan tenure.
  • Prepayment, repayment and withdrawal can take place on Bajaj Finance’s online portal.
  • No part payment charges on flexi loan.

Above features make Bajaj finance loans for professionals a great product that works in client’s favour especially the interest saving part on flexi loan account.

Eligibility and Documentation

As mentioned earlier, Bajaj finance’s professional loan serves only doctors that include doctors in private practice or government. The loans are available strictly for business purposes related to the profession of doctor and include:

  • Starting your own practice/ clinic.
  • Improvement in present services.
  • Expansion of existing operations.
  • Post graduate doctors with minimum experience of 5 years.
  • Graduate doctors with minimum experience of 8 years.
  • Should have own house or clinic.
  • Gross salary of INR 75,000 for tier I and INR 40,000 for tier II.

Documentation Required

  • Form no. 16 for last 2 years and latest three salary slips
  • Last three credit bank statements
  • Education qualification certificates including the one issued by the professional body.
  • Identity proof in form of PAN Card, passport, voter’s id, adhaar card.
  • Address proof as per voter’s id, adhaar card, passport, electricity bill, phone bill, driving licence.
  • Owned property proof
  • For co-applicant- identity proof, address proof and relationship with primary borrower proof is needed.

As it is evident from the above, Bajaj Finance offers great product in form of loans for professionals at terms and conditions that are really favourable for the borrower. If you are an eligible doctor then log on to and take a look at the options of loans available to you and compare all terms and conditions to choose a lender of your choice. We have Bajaj finance as well as many other reputed names in lending industry under one umbrella of letzbank. So what are you waiting for, crank up your professional opportunities with us!