Thank You For Taking Care Of Us Doctors, Now It’s Our Time To Serve
Doctors are rightfully called as real-life superheroes, as they save lives and are responsible for the increase in life expectancy. The work done by doctors alongside researchers to develop cures for new diseases has altered the course of medical history. On this doctor day, Bajaj Finserv would like to serve doctors by helping their practice reach new heights.
Doctors Require Financial Support
Salaried doctors tend to wish about setting up their own practice. It also gives them the autonomy to make decisions regarding their patients and run a successful business. But several steps need to be followed to set up a clinic and this requires a lot of capital. Leasing an office space, equipment and licensing costs a lot of money and doctors may require financial help in this situation.
For those who have their own practice, the cost of renovating can be expensive. These include adding more hospital beds, air conditioning, state-of-art equipment and ambulances. To manage these expenses, Bajaj Finserv’s Doctor Loan can help, as it does not require a guarantor or collateral.
Benefits of Doctor Loan
Bajaj Finserv’s Doctor Loan has several advantages:
- Business loan up to Rs. 30 lakh.
- Home Loan for Doctors up to Rs. 3 crore
- Loan Against Property up to Rs. 3 crore
- Attractive low-interest rate
- Flexible repayment tenor options ranging from 12 months to 20 years.
- Flexi Loan – You are assigned a sum credit and you only pay interest on the amount used.
- Negligible or nil prepayment or foreclosure charges.
- Quick approval and disbursal of the loan amount.
All these advantages will greatly benefit a medical professional for setting up a practice, expanding it or purchasing new equipment. If doctors are able to avail a loan or capital quickly, they too can achieve their goals in the shortest time possible.
However, a doctor might need to fulfill certain criteria and documentation requirements before availing the loan.
Eligibility and Documentation Requirements
Graduate doctors require a minimum of 2 years of post-qualification experience, while post-graduate doctors will require a minimum of 1 year of experience at a clinic or hospital.
To avail a Doctor Loan, one must be a medical practitioner with a degree from a recognised institute. Loans are not given to new graduates, as it is advisable to have a few years of practice before setting up your own clinic.
Your credit score may be checked before a loan is sanctioned, hence PAN card and other government issued identity cards are necessary. If all your documents are in order, loan will get approved within 24 hours and the money would be credited in your bank account at the earliest.
To sum it up
Doctors play a vital role in the society and their contributions must always be acknowledged. To ensure that the healthcare sector continues to grow exponentially and that doctors achieve their goals, they can consider taking a Doctor Loan from Bajaj Finserv.