Features and benefits of loans for hospitals
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No collateral
Get easy unsecured financing and ensure that your hospital or personal assets are not blocked.
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Fast processing
Ensure funds within as few as 48 hours* of approval, courtesy of easy eligibility, and an online application.
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Pre-approved offers
Avail of pre-approved offers from Bajaj Finance to have a personalised hospital loan for doctors approved instantly.
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Easy repayment
Pick a convenient tenor that can stretch up to 8 years (96 months) to repay your hospital loan as per your budget.
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Basic documents
Obtain hospital finance by providing your medical registration certificate and KYC.
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Online loan account
Access your hospital loan account online from anywhere through our customer portal and view all important details.
Avail a hospital finance to upgrade or renovate your medical establishment's infrastructure, install new equipment, add new medical facilities, pay for utilities or staff salaries, maintain a positive cash flow, and more. Bajaj Finance offers up to Rs. 80 lakh as a loan for hospital projects through a simple loan application process.
You can opt for the Flexi Loan facility to get a doctor loan limit from which you can borrow multiple times as the need arises. You are charged interest only on the amount that you withdraw from the approved limit. Which means you pay interest-only EMIs for the initial tenure to reduce your outgo by up to 45%*. When you withdraw and prepay funds against the loan limit, you incur zero extra charges.
*Terms and conditions apply
Eligibility criteria and documents required for hospital loan
Quickly access hospital finance by meeting these simple eligibility criteria:
- Nationality: Indian
- Age: 22 years to 80 years *
- CIBIL Score: 685 or higher
- Medical registration: Degree to be registered with the medical council
*Age should be 80 years or less at the end of your tenure.
To prove your eligibility, submit these basic documents.
- KYC documents - Aadhaar/ passport/ voter’s ID
- PAN card
- Medical registration certificate
Hospital loan interest rate, fees, and charges
When you take a loan for doctors of up to Rs. 80 lakh from Bajaj Finance, nominal fees and charges are applicable. The interest rate ranges from 10% to 20% per annum.
How to apply for hospital loan
Applying for a hospital loan with Bajaj Finance is easy with the online application form.
- 1 Click on the ‘APPLY’ button on this page
- 2 Enter your 10-digit mobile number and OTP
- 3 Fill in the application form with your basic personal and professional details
- 4 Once you fill out the form, click on ‘PROCEED’
- 5 Update the KYC details
- 6 Schedule an appointment for document verification
Note: Keep your medical registration certificate handy to finish the KYC process.
Our representative will guide you on the next steps. The loan amount will be transferred to your bank account upon verification of your documents.
Frequently asked questions
The hospital loan offered by Bajaj Finance is an unsecured doctor loan. Thus, no collateral is required for availing the loan. If you fulfil the eligibility criteria, you can avail the loan by filling the application form and submitting the required documents.
Hospital loans can be used for medical equipment purchases, facility expansions, technology upgrades, staff training, and overall operational improvements to enhance patient care and hospital efficiency.
The amount a doctor can secure for a hospital loan varies widely based on factors like creditworthiness, practice size, and more. Bajaj Finserv Doctor Loan offers medical professionals a financial lifeline, with a maximum hospital loan amount of Rs. 80 lakh. Allowing doctors to expand, upgrade equipment, or enhance healthcare services.
