professional loans for doctors

Professional Loan For Doctors

Loan up to 50 Lakh | Zero Foreclosure Charges | Quick Process

Doctors and medical professionals need ample capital to stay up to date with the latest healthcare practices and treatments. Such funds can be used for the expansion of their medical practice, purchasing costly healthcare equipment, or acquiring a bigger space to provide quality healthcare services to more people. Poonawalla Fincorp understands this and hence, provides collateral-free Professional Loans for Doctors to help them meet their financial requirements.

Our Doctor’s Loan is offered to self-employed doctors who are running their own clinics/nursing homes/hospitals. Additionally, this loan is customisable and comes with several exciting features, such as instant disbursal, flexible repayment tenure, and zero foreclosure charges*. Apply now!

You can avail of our unsecured Professional Loan for Doctors and use it to meet your specific financial requirements, with no end usage restrictions.

Below are a few reasons to take a Doctor's Loan:

  • Proof of Identity

    Procuring new healthcare equipment

  • Proof of Address

    Investing in the latest medical technologies

  • Financial documents

    Consolidating high-interest debts

  • Proof of professional qualification

    Improving or expanding your existing clinic

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Professional Loan Interest Rates 11.49% p.a onwards
Loan Amount ₹1 Lakh to ₹50 Lakhs
Loan Processing Fees Up to 2% plus applicable taxes
Lowest EMI per month Starting from ₹2,124* per Lakh for 60 months
Loan Tenure 12 - 60 months
Prepayment/Foreclosure Charges 0%* If paid from own sources & 4% If paid from other sources
Default Interest 2% per month
Repayment Instrument Dishonor Charges ₹500 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
No Other Hidden Charges

With Poonawalla Fincorp, you can avail of a Doctor Loan at favourable interest rates. You are required to fulfil some basic eligibility requirements.

Mentioned below are our eligibility criteria for a Professional Loan for Doctors:

Citizenship Status

Citizenship

Work Experience logo

professional
experience

Age Requirement

Age

Employment Required

Income Receipts

  • The applicant must be a citizen of India.
  • The applicant should be aged between 24 and 65 years.
  • The applicant must have a minimum professional experience of one year.
  • The applicant must have annual professional income receipts of at least ₹3 Lakh.

Note: The above-mentioned Professional Loan eligibility criteria are indicative. Additional prerequisites may be specified during loan processing by Poonawalla Fincorp.

With minimal paperwork, we ensure that you get access to quick finances. Below are the required documents for our Professional Loan for Doctors:

  • Address Proof

    Proof of Identity (PAN Card/Aadhaar Card/Driving Licence/ Voter ID/Passport)

  • Income Proof

    Proof of Address

  • Address Proof

    Professional address proof (Electricity bill, Rent agreement)

  • Proof of Employment

    Financial documents (Bank statements, IT returns)

  • KYC Documents

    Proof of professional qualification (Degree certificate)

Note: The above-mentioned Professional Loan documents list is indicative. Additional documents may be required during loan processing.

Self-employed doctors who are running their own clinics/nursing homes/hospitals

Poonawalla Fincorp provides quick and hassle-free Professional Loans for Doctors to help them achieve their specific goals.

Some of the essential features and benefits of our Professional Loan for Doctors include:

  • No penalties on foreclosure and prepayment

    Customised loan

  • Collateral-free quick loans

    Quick loan processing

  • No hidden charges

    No collateral required

  • Online application process

    Low interest rates

  • Minimal documentation

    No hidden charges

  • Collateral-free quick loans

    Easy online application

  • Collateral-free quick loans

    High loan amount of up to ₹50 Lakh

  • Collateral-free quick loans

    Flexible repayment tenure

  • Instant disbursal

    Zero foreclosure charges*

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Apply
Online

Apply Online

Click on ‘Apply Now’ and fill out the application form

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Document Required Logo
Personal
Details

Personal Details

Enter your DOB, monthly income, and PAN card number

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Verification

Verification

Submit the application with relevant documents for verification and assessment

How to Apply for Poonawalla Fincorp’s Doctor Loans?

You can apply for our Doctor Loans online and get access to instant funding. All you need to do is follow a few simple steps mentioned below:

  • Step 1 – Visit our website, check your eligibility for the loan, and click on ‘Apply Now’.
  • Step 2 – Fill out the application form for Professional Loan for Doctors.
  • Step 3 – Upload and submit the required documents with the application.

You will receive the approved loan amount in your bank account post successful verification.

Do I need to pledge any security for availing of a Doctor Loan?

No. At Poonawalla Fincorp, we provide a collateral-free Professional Loan for Doctors, which means you are not required to pledge any asset as collateral or security.

What are the interest rates and charges applicable on a Doctor Loan?

At Poonawalla Fincorp, we provide Doctor Loans at competitive interest rates and zero hidden charges. Other applicable charges include a one-time processing fee of up to 2% on the loan amount plus applicable taxes.

In how many days will I get the loan amount in my bank account?

Our Doctor Loans are approved and disbursed quickly within a short time. The loan process is quick and straightforward, from application to disbursement.

Can I choose to foreclose my Doctor's Loan?

Yes. If you have adequate finances, you can choose to foreclose your Doctor Loan without any hassle. With Poonawalla Fincorp, you are not required to pay any pre-closure charges* for foreclosing your loan.

How can I calculate the EMIs I need to pay for my Doctor Loan?

You can use our online 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, and tenure, and click on ‘Check Repayment Schedule’.

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