Get a Professional Loan to Upgrade Your Clinic!
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. Apply now!
Here’s Why You Should Consider a Professional Loan for Doctors
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:
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Procuring new healthcare equipment
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Investing in the latest medical technologies
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Consolidating high-interest debts
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Improving or expanding your existing clinic
Professional Loan EMI Calculator
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EMI Amount = *
Professional Loan Interest Rates and Charges
| Professional Loan Interest Rates | 13% p.a onwards for Company Secretary, Chartered Accountant and Doctors |
| Loan Amount | ₹1 Lakh to ₹75 Lakhs |
| Loan Processing Fees | 2% + GST for Company Secretary, Chartered Accountant and Doctors |
| 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 Charges | 24% per annum |
| Repayment Instrument Dishonor Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Note: Default Charges: Penalty will be charged for non payment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.
Eligibility Criteria for Professional Loan for Doctors
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
professional
experience
Age
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.
Documents Required
With minimal paperwork, we ensure that you get access to quick finances. Below are the required documents for our Professional Loan for Doctors:
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Proof of Identity (PAN Card/Aadhaar Card/Driving Licence/ Voter ID/Passport)
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Proof of Address
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Professional address proof (Electricity bill, Rent agreement)
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Financial documents (Bank statements, IT returns)
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Proof of professional qualification (Degree certificate)
Note: The above-mentioned Professional Loan documents list is indicative. Additional documents may be required during loan processing.
We Provide Doctor Loans to:
Self-employed doctors who are running their own clinics/nursing homes/hospitals
Features and Benefits of Professional Loan for Doctors
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:
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Customised loan
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Quick loan processing
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No collateral required
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Low interest rates
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No hidden charges
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Easy online application
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High loan amount of up to ₹75 Lakh
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Flexible repayment tenure
Apply for an Instant Professional Loan for Doctors within 5 Minutes
Apply
Online
Apply Online
Click on ‘Apply Now’ and fill out the application form
Personal
Details
Personal Details
Enter your DOB, monthly income, and PAN card number
Verification
Verification
Submit the application with relevant documents for verification and assessment
Frequently Asked Questions (FAQs) on Professional Loans for Doctors
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.
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.
The interest rate for Doctor Loan at Poonawalla Fincorp starts at 13%* p.a. onwards. Other applicable charges include a one-time processing fee of 2% plus applicable taxes.
Our Doctor Loans are approved and disbursed quickly within a short time. The loan process is quick and straightforward, from application to disbursement.
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.
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’.
*T&C Apply
