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Home Loan Balance Transfer Top-up for Doctors for Practice Upgrades

If you are considering upgrading your healthcare practice, you will need significant capital for medical equipment, larger space, administrative fees, staffing, and much more. With a top-up of up to Rs. 1 crore* or higher on your home loan balance transfer, you can pay for these costs with ease.

INTERIORS AND REDECORATION

INTERIORS AND REDECORATION

Setting up a new practice means making sure your clinic looks and feels comfortable. Redoing a few interiors and setting up basic amenities like a pantry in the waiting room, are necessary. Such additions can cost a few lakhs.

MODERN EQUIPMENT

MODERN EQUIPMENT

New medical equipment expenses cost a significant amount if you wish to grow your practice. Each piece of equipment may cost lakhs, necessitating a huge one-time investment.

STOCKING THE PHARMACY

STOCKING THE PHARMACY

Nowadays, most healthcare facilities have an in-house pharmacy for varied reasons. You can save your patients time and effort by setting up a well-stocked pharmacy.

CASHFLOW GAPS

CASHFLOW GAPS

It can be challenging to keep the books balanced. Maintain a stable financial position with the assistance of a top-up loan on your home loan balance transfer.

PRODUCTIVITY TOOLS

PRODUCTIVITY TOOLS

Invest in cutting-edge machinery to boost productivity, provide ongoing training opportunities for staff members, and purchase a programme that monitors progress toward organisational objectives.

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Frequently asked questions

What is a home loan balance transfer?

When you transfer an existing home loan from one lender to another, you are doing a home loan balance transfer. With Bajaj Finserv, this facility allows you to get low interest rates starting at 8.80%* p.a. more convenient terms and a sizeable top-up loan of Rs. 1 crore* or higher for other financial needs.

What does a top-up loan mean?

A home loan top-up is additional financing available when you transfer your home loan to Bajaj Finserv. Refinance your current home loan with us and avail of a top-up loan of Rs. 1 crore* or higher.

The top-up loan has no end-use limitations, which means you can use the amount for anything, from the home renovation or interiors or weddings to even paying for emergency medical bills.

When can I apply for a home loan balance transfer?

You can apply for a home loan balance transfer after paying off 6 monthly instalments to your current lender. When applying, you must not have outstanding dues on your present loan.

What is the maximum loan amount that can be transferred?

There is no limit on the balance transfer amount with the home loan balance transfer facility. The loan amount sanctioned is based on your income profile, CIBIL Score, and the value of your home.

How long does it take to change the home loan lender?

Typically, switching to a lender through a home loan balance transfer takes 5 to 10 days. This duration is also affected by how fast you receive the foreclosure letter and other documents from your current lender.

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