Pune : While most doctors are pressed for time, the process of being financed for various life goals should be quick and convenient. Whether it’s planning for wedding or a dream vacation that requires funds, Bajaj Finserv’s Personal Loan for Doctors is designed to make money easily accessible without taking time out from busy schedules.
Needs that can be addressed through Bajaj Finserv’s Personal Loan:
1. Fund children’s education:
Good quality education, especially higher education, can be expensive. Whether the kids want to follow parent’s footsteps or become a professional or have ambitions of their own, a personal loan ensures that their dreams are financially secured.
With a loan amount as large as Rs.30 lakhs, a Personal Loan for Doctors helps not just cover college or school fees and study materials, but also expenses like cost of living, travelling and food.
2. Planning a vacation abroad:
A Personal Loan for Doctors provides quick and easy access to funds facilitating an impromptu vacation. Such professionals can apply personal loan for doctors via Bajaj Finserv in 24 hours to meet their finances. Medical practitioners can check their pre-approved loan amount instantly by filling in their basic details on the Bajaj Finserv website.
With eligibility criteria that factors in medical qualifications and minimal documents needed for processing, Bajaj Finserv provides the loan for a hassle-free way of financing a holiday. The eligibility criteria for doctor loan is as follows:
• No post-qualification experience is required for super-specialist doctors (MS/MD/DM)
• A minimum 2 years of post-qualification experience is needed for graduate doctors (MBBS)
• A minimum 5 years of post-qualification experience is needed for dentists (BDS/MDS)
• A minimum 6 years of post-qualification experience and ownership of a house or clinic is essential for Ayurvedic and Homeopathic doctors (BHMS/BAMS)
• A minimum 15 years of post-qualification experience and ownership of a house or clinic is required for Homeopathic doctors (DHMS)
3. Plan a destination wedding:
An unsecured Personal Loan for Doctors offers up to Rs.30 lakh as unsecured finance, which means no collateral or guarantor is needed to access money. With a flexible tenor ranging from 12 to 96 months, every item on the dream wedding list can be checked-off without having to stress about the loan repayment.
4. Remodel home interiors:
While renovating the home is exciting, unforeseen expenses can stress an unsure budget. Usually, the quotes for a home improvement, whether it’s adding a new room or breaking down a wall, are only approximates.
Bajaj Finserv’s Personal Loan for Doctors comes with a Flexi Loan facility that allows for fund withdrawal as and when the need arises. Such a facility proves to be cost-effective as the interest needs to be paid only on the amount utilised and not the entire loan limit, lowering EMIs by up to 45%. A Flexi Loan gives an option to pay interest-only EMIs, while the payment of the principal can be made at the end of the tenor. It also allows for access to the pre-paid amount, in case the need for funds arises and for part-payment when there are excess funds. Here, the loan can be prepaid as and when there’s excess funds available, that too at no extra cost.
5. Consolidate all existing debts into one:
Managing multiple debts can be troublesome. With a Personal Loan for doctors by Bajaj Finserv, assist in combining the existing debts into one single loan and manage finances with ease. This ensures that no EMI of the existing debt is defaulted or paid after the due date, thus avoiding penalty fees and late payment charges.