As a medical practitioner, running one's own practice requires a lot of investment ranging from upgrading to the latest medical equipment and technology, paying staff, medical supplies, expansion of business or renovation work and other daily expenses at the clinic.
To help doctor's fulfil their personal and professional endeavors, Bajaj Finance Limited, the lending arm of Bajaj Finserv is offering exclusively designed Loan for Doctors of up to Rs 25 lakh. This loan offers doctors financial flexibility and access to hassle-free funds to meet all their requirements.
With features like doorstep service and money being credited to the account in 24 hours, these loans are a convenient option for doctors who are always on-the-go.
Read on to know more about the noteworthy features of Loan for Doctors offered by Bajaj Finserv:
Pledging collateral to raise funds is a complicated process. However, medical practitioners can apply online for a collateral-free Loan for Doctors from Bajaj Finserv and get the sanction they require without any hassle.
By availing a customised loan from the company, doctors can avail funds up to Rs. 25 lakh. This loan also has a flexi loan facility.
The lender offers doctors the option of Flexi Loan Facility on a predetermined loan limit for a fixed tenor and the borrower can reduce their EMIs by up to 45 per cent. With this, doctors can borrow from this loan limit according to their requirements and as many times as required and can choose to pay only the interest as monthly EMIs. The interest is charged only on the amount withdrawn and not on the entire sanctioned amount.
Doctors can pre-pay their loan at no additional cost, any time during the tenor thereby minimizing the cost of borrowing by reducing the interest outgo. However, to avail this part-prepayment facility one must note that while the prepaid amount has no upper limit, it must be higher than the value of three installments.
The loan application process for the Loan for Doctors is easy and hassle-free. To apply for this loan, doctors can fill the online application form from the Bajaj Finserv website and wait for a representative to contact them with further steps.
Doctors can manage and access the details of their loan and track their EMIs through the Bajaj Finserv customer portal anytime, anywhere at the touch of their fingertipsExisting Bajaj Finserv customers may check if they have a pre-approved offer from the lender to get access to a fully customized loan deal to fulfill their cash flow gaps or to simply meet their personal requirement.
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( With inputs from ANI )