Features & Benefits of Doctor’s Loan
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Collateral-free loans available for eligible doctors
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Higher loan amounts based on professional income and repayment capacity
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Quick approval and fast disbursal process
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Flexible repayment tenure with easy EMI options
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Competitive interest rates for medical professionals
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Minimal documentation and simple application process
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Can be used for clinic setup, expansion, renovation, or equipment purchase
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Suitable for salaried as well as self-employed doctors
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Balance transfer facility available with selected lenders
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Working capital support for hospitals, nursing homes, and clinics
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Funding available for medical equipment, ambulances, operation theatres, and technology upgrades
Eligibility Criteria for Doctor’s Loan
The eligibility criteria may differ from lender to lender, but generally include:
- Applicant must be an Indian citizen
- Age should usually be between 21 to 65 years
- Applicant should be a qualified medical practitioner
- Eligible professionals include MBBS, BDS, MD, MS, MDS, BAMS, BHMS, physiotherapists, and specialists
- Minimum post-qualification experience of 2 to 5 years
- Good CIBIL or credit score preferred
- Stable income and repayment capacity required
- Medical registration with Medical Council of India or State Medical Council
- Self-employed doctors should show stable business income and profit records