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Bajaj Finserv’s launches Doctor Loan; can help you buy the Best Healtcare Equipments





As per the Reports shows that India’s healthcare market is all set to hit the ₹37,200 crore mark by 2022. As a doctor, you can be part of the nationwide growth by expanding the scope of your practice, be it by upgrading your clinic’s medical equipment, enhancing your treatment and surgery rooms, purchasing AI-aided machinery or hiring -skilled medical staff. To help you meet these needs, Bajaj Finserv offers customized loans for doctors.

Based on your area of expertise, your medical specialization needs to have the perfect and latest tools, equipment’s and health care facilities. This is one of focused aspect that availability of intensive care is required to increase your efficiency and accuracy as a healthcare professional.



This is becomes very much important and necessity when your clinic specializes in a diagnostic section. Instead of simply toeing the line, you must have to be equipped with that is latest state of art facilities and which has scope for up-gradation. This will drastically enhance the quality of patient care that you provide and make your one-time investment worth the cost.

Since the Indian healthcare industry imports more than 80% of its tools and equipment’s from nations like the United States, it’s easy to see how buying medical equipment can eat into your budget for the year. So, if you don’t have any savings or huge amount of capital in hand, or have other expenses lined up, a specialized financing solution is what you really need.

The Bajaj Finserv Doctor Loan is a customized alternative that you can really depend upon on to ensure that when it comes to healthcare equipment, your facility isn’t lacking or less competitive. Take a look at how an Equipment Loan for Doctors can help you.

Applying for this personalized financing solution is very simple and you only have to have adequate work experience as per your degree. When you take a Bajaj Finserv Equipment Loan for Doctors, here are the requirements you must meet.

You should be a professional with a valid degree and also citizen of India.

Based on your area of expertise, as a super specialist doctor with an MS, MD or DM degree, you don’t require any post-qualification experience in order to apply for this loan.

If you have an MBBS only, then you will have to submit proof showing a minimum of 2 years of post-qualification experience.

If you are BDS or MDS degree holder, you will have to submit documents proving a minimum of 5 years of post-qualification experience.

If you are an Ayurvedic or homeopathic doctor, with a BHMS or BAMS degree, you will have to show proof of a minimum of 6 years of post-qualification experience. In addition, you must own a house or clinic to apply for the loan.

If you are a homeopathic doctor holding a DHMS degree, you need to submit proof showing 15 years of post-qualification work experience. You too must own a house or clinic of your own to qualify.

Thereafter, you only need to furnish a few documents to avail the sanction within 24 hours post-approval. Apart from basic KYC documents like an Aadhaar card, PAN card or driver’s licence, you will have to submit a copy of your medical registration certificate and proof of income to complete your application.

With Bajaj Finserv Equipment Loan for Doctors, you can avail a sizable loan of up to Rs 30 lakh at affordable interest rates without pledging any collateral security.

Additionally it also have a flexible repayment options so you can focus on healthcare practice.

To keep your finances from any sort of burden, the loan comes with a flexible tenor ranging from 12 to 96 months to repay, so you can choose a repayment window as per your preference.

While you also have an option to partly foreclose your loan amount whenever you have availability of surplus cash, there are alternative mediums in which you can minimize your financial burden. As a unique feature, Bajaj Finserv also allows you to avail the Equipment Loan for Doctors as a Flexi Loan. With this facility you can withdraw from your sanction as and when the need arises. By taking loan in small installments , you only have to pay interest on the amount that has been disbursed to you and not on your entire sanctioned loan amount. So that your interest is calculated on minimal basis and makes the loan a cost-effective solution. Moreover, you can also choose to repay what you owe as interest-only EMIs and then repay the principal in full at the end of the tenor.

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