Special Offers| Bank Name | Interest Rates | Processing Fees |
| HDFC BANK | 10.85%-16.99% | 1.50%-2.25% |
| ICICI BANK | 10.99%-17.99% | 1.50%-2.50% |
| AXIS BANK | 10.99%-17.99% | 1.50%-2.50% |
| IDFC FIRST BANK | 11.25%-20.00% | 1.75%-2.75% |
| TATA CAPITAL | 15.00%-20.00% | 1.75%.2.50% |
| BAJAJ FINSERV | 14.00%-18.99% | 1.50%-2.75% |
| STATNDARD CHARTERED | 15.50%-20.00% | 1.75%-2.75% |
| RBL BANK | 17.00%-22.00% | 1.50%-2.50% |
| NOTE:- Mentioned Interest Rates, PF and Charges are Subject to change and it is Sole Discretion of RBI, Bank and NBFC. | ||
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Doctor Loan
Doctor / Professional loans are loan facilities granted to working professionals like Doctors, Chartered Accountants, Architects, Company Secretary etc. who are looking for funds to start their own practice or expand their trade. A professional loan can be availed for requirements pertaining to business requirements such as purchase of equipment, business expansion, construction of business premises, renovating business premises, amongst other business requirements. Professionals applying for a professional loan must be qualified and must possess the proper skillset required to practice their trades. It is similar to a personal loan in the sense that it is generally a no-collateral loan.
Features of Doctor Loan-:
| Loan Amount | You Can Avail Loan amount up to 1 Cr as per your income eligibility. |
| Interest Rate | Fixed Interest Rate. Starts at 10.85% onwards. |
| Processing time | Only 2 working days Required for Sanction after process your application. |
| Tenure | Up To 6 Years |
| Processing Fee | Up to 2% Or As per your Financial Profile. |
| Part payment | Part payment available. |
| Flexible Prepayment | Flexible Prepayment option available in Doctor Loan which makes it attractive. |
| Collateral | Not Required For Doctor Loan |
Eligibility Criteria for Doctor Loan:
| Eligibility Criteria | Eligibility Criteria Details |
| Age | Minimum Age 21 year and Maximum 65 Years at the Time of Loan Maturity |
| Professional (DR.) Degree | Degree Required Like ( MBBS/MD/MS/DNB/MCH/BDS/BHMS ) |
| Minimum Income | 40000 net monthly Salary or 5 LAKH Gross Annual Income |
| Cibil Score | Minimum CIBIL Score of 700 with No Any Default in Past |
| Employment Stability | Minimum 1 year |
| Resident | INDIAN Only |
| Who Can Avail Business Loan | Salaried Person And Self Employed Professionals |
Documents Required for Doctor Loan:
| Required documents | Required documents for salaried | Required documents for self-employed professional |
| Photo | Passport size photo | Passport size photo |
| Id proof | Pan Card / Aadhar Card / Passport / Voter Id Card / Driving Licence | Pan Card / Aadhar Card / Passport / Voter Id Card / Driving Licence |
| Address proof | Aadhar Card / Passport / Voter Id Card / Driving Licence / Mobile Bill / Telephone Bill / Electricity Bill / Water bill( any one document required for address proof ) | Aadhar Card / Passport / Voter Id Card / Driving Licence / Mobile Bill / Telephone Bill / Electricity Bill / Water bill ( any one document required for address proof ) |
| Income documents | Latest 3 months salary slip & form-16 | Last 3 year ITR, Computation, Profit & Loss statement, Balance Sheet, Audit Report (if audited ), GST if applicable |
| Bank statement | Latest 6 months bank statement | Last 12 months All current / OD / CC account statement |
| Professional Degree & Ownership | Proffesional Degree / Registration / Practice Certificate (as per your profession) | Proffesional Degree / Registration / Practice Certificate (as per your profession) / Ownership Proof |
| Exisiting loan statement | Exisiting / Running Loan Statement ( for BT* only ) | Exisiting / Running Loan Statement ( for BT* only ) |
Leading Banks Doctor Loan Interest Rates Details-
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