Get a Professional Loan to expand your medical practice
Just like other white-collar professionals, doctors too need financing from time to time. Be it for funding of their higher education, setting or expansion of their medical clinic, purchasing costly healthcare equipment, acquiring hospital space, or buying a house for their family, medical practitioners require access to quick finances at various stages of their life.
We, at Poonawalla Fincorp, understand this and hence, provide collateral-free professional loans for doctors to help them meet their various financial requirements. Our doctor loans are designed to be highly customisable and affordable. Additionally, they come with several exciting features, such as instant disbursal, flexible repayment tenure, and zero foreclosure charges.
Various Reasons to Take a Doctor Loan
You can take our unsecured loan for doctors and use it to meet all your personal and professional financial requirements. There are no end usage restrictions on our doctor loans.
- Below are a few reasons to take a doctor loan from us:
- Acquiring new space for setting up your own clinic
- Improving or expanding your existing clinic
- Procuring new healthcare equipment
- Adapting the latest medical technologies
- Consolidating your high-interest debts
- Funding your personal expenses
Features and Benefits of professional loan for doctors
Poonawalla Fincorp provides quick and hassle-free professional loans for doctors to help them convert their dreams into reality. Our goal is to ensure that the lack of finances never stop you from achieving success.
- Below are some striking features and benefits of our professional loan for doctors:
- Tailor-made for medical practitioners
- Easy online application
- Quick approval and disbursal
- High loan amount of up to ₹ 30 lakh
- No guarantor or collateral required
- Flexible repayment tenure
- Competitive interest rates
- Zero foreclosure charges
- No hidden charges
Eligibility Criteria for Doctors Professional Loan
With Poonawalla Fincorp, you can avail of a high-value doctor loan at an affordable rate of interest. All that is required is to fulfil some basic eligibility requirements.
- Below-mentioned are our eligibility criteria for a professional loan for doctors:
- The applicant doctor needs to be a citizen of India
- The applicant doctor should be aged between 22 to 62 years
- The applicant doctor must have a minimum practice experience of one year
- The applicant doctor must have receipts of at least ₹3 lakh
With minimal paperwork, we ensure that you get access to quick finances even during an emergency.
- Below are the required documents for our professional loan for doctors:
- Proof of Identity (PAN card)
- Proof of Address (Aadhar card)
- Financial documents (Bank statements, IT returns)
- Evidence of professional qualification (Medical registration certificate)
- Proof of medical experience
Please note that this list is indicative, and we may require some additional documents during loan processing.
We provide doctor loans to:
- Self-employed doctors who are running their own clinics/nursing homes/hospitals
- Consulting and salaried doctors with hospitals
How to apply for our doctor loans?
- You can apply for our doctor loans from the convenience of your home and get access to instant financing. All you need to do is follow the five simple steps mentioned below:
- Step 1 – Visit our website or your nearest branch
- Step 2 – Check your eligibility for our Doctor Loan
- Step 3 – Fill up the loan application form
- Step 4 – Upload or submit the required documents
- Step 5 – Get the loan amount in your bank account post verification
Frequently Asked Questions (FAQs) on Doctors Professional Loans
Do I need to pledge any security for availing of a doctor loan?
No. At Poonawalla Fincorp, we provide collateral-free commercial loans for doctors. It means that you are not required to pledge any collateral or security to avail of a doctor loan from us.
What are the interest rates and charges applicable for a doctor loan?
At Poonawalla Fincorp, we provide doctor loans with competitive interest rates and zero hidden charges. The interest rates for our professional loans for doctors start from only 11.49% per annum. Additionally, we levy a one-time processing fee of 1 to 2% on the loan amount.
In how many days will I get the loan in my bank account?
Our doctor loans are approved and disbursed quickly. You can apply for it online and get the loan amount in your bank account within 5 to 10 working days.
Can I choose to foreclose my doctor loan?
Yes. If you have adequate finances, you can choose to foreclosure your doctor loan without any hassles. With Poonawalla Fincorp, you are not required to pay any pre-closure charges for foreclosing your doctor loan.
How can I calculate the EMIs I need to pay for my doctor loan?
You can use our online doctor professional loan EMI calculator to calculate the EMIs you need to pay for your doctor loan. All you need to do is enter your loan amount, interest rate, tenure, and click on “Check Repayment Schedule”.