Doctor Loan Interest Rates

Doctor loan interest rates on Bajaj Markets start at an attractive 11% p.a., offering affordable financing options tailored to medical professionals. These low rates help doctors easily meet their personal and professional needs, from upgrading clinics to expanding their practice, while keeping repayment manageable.

*Disclaimer: The mentioned rates are as of 05th October 2024. These are subject to change at the lender’s discretion.

Here are the processing fees for a doctor loan and other applicable charges on Bajaj Markets:

*Disclaimer: The mentioned values are subject to change at the lender’s discretion.

Here are some things that may majorly influence the doctor loan interest rates offered to you:

CIBIL Score

A higher CIBIL score, usually 750 or more, demonstrates strong financial responsibility, which can lead to lower interest rates. Lenders favour applicants with a good credit history.

Income and Financial Stability

Lenders assess your income and overall financial stability to gauge repayment capacity. Doctors with higher or more stable incomes are often offered better rates.

Loan Amount and Tenure

The loan amount and repayment tenure directly influence the interest rate. Larger loans or longer repayment periods may result in higher rates due to increased risk for the lender.

Lender’s Policies

Each lender has its own criteria and risk assessment. Depending on the lender’s policies, the offered interest rates for doctor loans can vary.

Market Conditions

Interest rates are influenced by current market trends and economic factors, such as inflation and changes in RBI’s monetary policy

Professional Experience

Doctors with more years of practice or a well-established career may receive lower rates as they are seen as lower-risk borrowers

Relationship with Lender

Existing customers of a lender, such as those with savings accounts or previous loans, might benefit from lower interest rates. The long period of maintaining a banking relationship develops trust in your repayment capabilities, reducing the risk of default for the lender.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.