BOB Personal Loan for Doctors

Baroda Arogyadham, aka BOB Doctors Personal Loan, is a personalised financial solution from Bank of Baroda crafted exclusively for medical professionals. Recognising the unique needs of doctors, this offering goes beyond conventional loans, providing a comprehensive financial ecosystem tailored to their requirements. Baroda Arogyadham is not merely a personal loan; it’s a financial ally designed to nurture the well-being of doctors, offering flexible repayment options, competitive interest rates, and a seamless application process. It goes without saying that it is a trusted companion for doctors seeking financial empowerment. Today, we will discuss the BOB Personal Loan for doctors, highlights, fees and charges, documents required, and more. 

BOB Personal Loan for Doctors – Highlights

Here is a quick snapshot of BOB Personal Loan for Doctors. 

Compare BOB Doctors Loan from Other Banks

Take a look at the comparison between BOB Doctors Loan with other leading banks and NBFCs.

BOB Lakh Personal Loan for Doctors – Fees & Charges

Following are the documents required for BOB personal loan for doctors. 

• Processing Fee: Typically 1-2% of the loan amount plus GST. There is no processing fee for government employees with a salary account at the Bank of Baroda.
• Goods and Services Tax (GST): A standard 18% GST applies to all loan-related services.
• Penal Interest: A 2% penalty is imposed on the outstanding loan amount.
• Other Charges: Additional fees such as stamp duty, verification charges, and similar charges may apply.

BOB Doctors Personal Loan Documents Required

Here’s a quick rundown of the documents that doctors will need to provide for a BOB personal loan. 

• Provide Form 16 for the last two years and three months’ worth of payslips.
• Submit bank statements reflecting salary credits for the immediate preceding three months.
• Include educational qualification certificates.
• Furnish government-approved identity and address proof.
• Provide the registration number associated with a valid medical licence.

Bank of Baroda Doctors Personal Loan Eligibility

• People, sole proprietorships, or partnership entities, as well as private limited companies involved in offering medical, pathological, and/or diagnostic services, are eligible for consideration.
• Those applying for or promoting such ventures should possess acknowledged qualifications in any field of medical science, such as MBBS, BAMS, BDS, or any degree or course in physiotherapy, radiology, or a related field.