Loan For Doctors

Loan For Doctors

Whether you’re planning to set up your own clinic, upgrade medical equipment, or simply need funds for personal or professional needs, our Doctor Loan is designed to support your journey. With high loan amounts, flexible repayment, and quick processing, we offer financial solutions made just for doctors.

 

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Features of Personal Loans for Doctors:

 

1) Higher Quantum amount and a longer Tenure

With Personal Loans for Doctors, Doctors can avail a higher amount and for a longer terms duration when compared to other personal loans

2) Flexi Loan facility

Only required amount of funds can be withdrawn from a sanctioned loan limit and prepay when desired. An option to also only pay interest component as monthly EMI and lower instalment by 45%.

3) Minimal documentation

 Limited documentation to avoid the lengthy paperwork and save time.

4)No Collateral

MSME loans for doctors can be availed without any security or guarantor.

5) Part Pre-payment facility

Option of part pre-payment of loan without any extra charges. Prepaid amount should be equal value of 3 EMIs, with no limit on the maximum amount.

6) Loan against Property for doctors

Take a Mortgage Loan for doctors and fund high ticket costs like moving to a new clinic premise, upgrading medical equipment or even your child’s overseas education and more.

7) Business Loans for doctors

Get the latest medical equipment, renovate or expand your clinic, integrate technology into your practice, maintain your cash flow with a Business Loan for doctors.

Documents Required for Loan for Doctors

General Documents

  • AADHAR Card *

    •  PAN Card *
    •  Residence Address Proof
    •  KEB Bill
    •  Clinic / Hospital Address Proof
    •  Latest 3 years ITR (With CA attested)
    •  “Latest 6 months Bank statement
    •  Qualification proof
    •  Doctor certificate
    •  Latest photo 2
    •  Loan tracker: if any
       
       

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info@pmassociatesmysore.com

FAQ :-

Range of loan amount that I can avail in a Doctor Loan?

The loan amount range for a doctor loan can go upto 2 crores.

Tenure of the doctor loan?

The minimum tenor available for this loan is upto 240 months.

What is the rate of rate? Is it fixed or floating?

The interest rate varies from bank to bank and also on the type of loan. There are both fixed and floating rate of interest depending upon loan type.

Is the part payments facility available for my Doctor Loan?

Yes, part-prepayment facility is available on the doctor loan. With this you can part prepay as much as you want for upto 6 times in a calendar year, post the clearance of your first EMI.

What should be the minimum amount for the prepayment?

For the part prepayment, the minimum amount you pay should be three times of the EMI amount.

Is there are foreclosure and part prepayment charge applicable?

Yes, there are foreclosure and part prepayment charges applicable, however, it varies from bank to bank and depending on the clause mentioned in your agreement. Also, there are chances of negotiation on this.

What can personal loan for doctors be used for?

Doctors can use the personal loan for any of their personal needs such as loans for clinic, loans for medical practice, financing hospitals etc. There is no particular restriction for usage on personal loans.

What is the TAT for Foreclosure Statement?

The TAT for you to get a foreclosure statement is usually 12 working days.

What are the Fees and charges applicable during loan processing?

The fees or charges are as below: Interest rate: Applicable for business and professional loans customer. This is determined on the basis of credit score, customer details, repayment capacity, loan type and more. Processing Fee: This is the amount of fee charged for end to end processing of the loan application.

What is a Flexi loan?

A flexi loan is a loan where you can withdraw amount as per your financing need and gives you an option to repay multiple times as per the availability of your funds. In a Flexi loan, interest is only on the amount borrowed not the entire loan sanctioned. You have the choice to repay EMIs comprising only the sum actually used.