Loan Against Property for Doctors: An Essential Checklist_Banner

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Essential Checklist for Doctors to Apply for a Loan Against Property

2 min 07 May 2024
Highlights:
  • Checklist for Doctors to Apply for a Loan Against Property

We understand that as a doctor, your time is invaluable. That is why we have tailored our Loan Against Property offering to suit your specific professional expenses. Whether you're looking to expand your clinic or simply want to consolidate debt, our Loan Against Property for doctors is designed to provide you with the financial flexibility you need to cover these expenses. 

Checklist for Doctors to Apply for a Loan Against Property

Before you apply, here’s a checklist to ensure a smooth and efficient application process: 

1. Determine Your Loan Requirement

Assess how much you need and what you will use the loan for.

2. Check Your Eligibility

  • Minimum age of 25 years 
  • A valid MBBS or higher degree  
  • A minimum of 3 years of post-qualification experience 

3. Documents Required

  • Proof of identity and residence: Voter’s ID/Driving License/Passport 
  • Mandatory documents: PAN Card or Form 60 
  • Proof of income: Bank account statements, Income Tax Returns, P&L statements, etc. 
  • Property-related: Buyer agreement/title deed/property tax receipts, etc. 
  • Other documents: Documents related to the declared businesses and ventures (in the case of self-employed applicants)

4. Check the Loan Terms

Review interest rates, the loan tenor, processing fees, and any other prepayment charges. 

5. Apply Online or by Visiting Our Branch

Visit our website to apply online or drop by any Bajaj Housing Finance branch. 

Follow the steps listed below to complete your online application: 

  1. Click on the ‘Apply Now’ button at the top right of this page.  
  2. In the first part of the form, you will be requested for your basic identification information and financial details. 
  3. You will also be asked to select your preferred loan type – choose between a Loan Against Property or a Loan Against Property Balance Transfer and proceed to fill out the rest of the form. 
  4. Generate and submit the OTP in the next part. 
  5. In the last leg of the journey, you will be asked to share the details of your property, your work experience, and PAN card details. 

Once you’ve submitted the online form successfully, you will be contacted by our representative within 24 hours* to walk you through the next steps. 

*Terms and conditions apply. 

Read Also: A Guide to Loan Against Property for Doctors 

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DISCLAIMER:

While care is taken to update the information, products, and services included in or available on our website and related platforms/websites, there may be inadvertent errors or delays in updating the information. The material contained in this website and on associated web pages, is for reference and general information purposes, and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions. Neither Bajaj Housing Finance Limited nor any of its agents/associates/affiliates shall be liable for any act or omission of the Users relying on the information contained on this website and on associated web pages. In case any inconsistencies are observed, please click on contact information.

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