Special Professional loans for doctors

Doctors always have a lot on their plate. With long working hours involving years of education and practice, doctors are always busy handling the responsibilities in their profession. Recognizing the unique challenges that are part of the medical profession, lenders like Poonawalla Fincorp have launched special loans for doctors. Known as Professional Loans for doctors, Poonawalla Fincorp offers collateral-free loans to doctors with a high loan amount and zero foreclosure charges.

The special loan for doctors can be utilized for a variety of purposes like clinic expansion, debt consolidation, buying office/medical equipment, or a medical emergency. This loan product is tailor-made for doctors so that they can meet their professional or personal goals. There is no restriction on the end use of this loan amount.

Here is all you need to know about special loans for doctors:

What is a special loan for doctors?

A special loan for doctors is a tailor-made loan product for doctors. Also known as Professional Loan for doctors, it is a collateral-free loan that can be taken by doctors with valid medical qualifications and experience.

Reasons to take a doctor loan

There are various reasons for which you can take a doctor's loan. Some of the most important reasons are outlined below:

• Acquiring a new clinic/expanding existing clinic: You can take a doctor's loan for acquiring a new clinic or expanding an existing clinic. As getting a new clinic or expanding an existing one requires a lot of money, a special loan for doctors can help you in arranging the funds for realizing this dream.
   
• Buying medical equipment: A special loan for doctors can help you acquire the latest medical equipment. This will help you in providing quality healthcare services to your patients. Buying medical equipment these days can be a costly affair due to the rising number of innovations and the cost of the equipment. Therefore, a professional loan can assist you in arranging for a funding shortfall.
   
• Higher education expenses: Higher education in the medical field is not very cheap. It takes a lot of money to study further in this field to build specialization in a particular area. A special loan for doctors can be taken to fund your expenses towards higher education. While an education loan normally just covers the tuition fees, you can take a professional loan for doctors and meet end-to-end expenses.
   
• Consolidating high-interest debt: A special loan for doctors is offered at competitive interest rates and can be used to consolidate other high-interest debt like credit cards or personal loans etc.
   
• Personal expenses: A special loan for doctors is useful in meeting your expenses or emergencies. There is no restriction on the end-use for the special loans for doctors. It can be used both for personal and professional expenses.

Benefits of special loans for doctors

There are several benefits of taking a special loan for doctors from Poonawalla Fincorp. Some of the benefits of special loan for doctors from Poonawalla Fincorp are as follows:

• No collateral required: It is collateral-free and is granted based on the income, education, and experience of the applicant.
   
• Higher loan amount: Poonawalla Fincorp offers a higher loan amount of up to Rs. 30 lakh that can be granted as a loan to doctors.
   
• Competitive interest rate: An interest rate starting at 9.99% per annum is offered to doctors with nominal processing fees and zero hidden charges.
   
• Quick approval and disbursal: Only KYC, income, and education documents are required and quick approval and speedy disbursal are granted to applications upon verification of documents.
   
• Charges: Zero foreclosure charges and no hidden charges are involved in special loans for doctors which makes it very affordable for the applicants.

How to apply for special loans for doctors

You can apply for special loans for doctors in five easy steps which are as follows:

• Visit our website or branch
   
• Check eligibility for a doctor loan
   
• Fill up the application form
   
• Upload the required documents and submit the application
   
• Get the loan amount in your bank after verification of documents

You can apply today for a special loan for doctors and get closer to achieving your professional or personal goals.

Disclaimer

We take utmost care to provide information based on internal data and reliable sources. However, this article and associated web pages provide generic information for reference purposes only. Readers must make an informed decision by reviewing the products offered and the terms and conditions. Professional Loan disbursal is at the sole discretion of Poonawalla Fincorp. 
*Terms and Conditions apply