Get a Personal Loan for Doctors to Expand your Medical Practice
Poonawalla Fincorp offers Personal Loan for doctors up to ₹50 Lakh at the most competitive interest rate, starting at 9.99% p.a. This is an unsecured loan, which means you can get the funds without pledging collateral.
Whether you want to buy new medical equipment, expand your clinic, travel abroad for studies, or renovate your home, you can use the funds for any purpose. In addition, our Personal Loan for doctors gives you flexible repayment options. Apply Now!
Personal Loan for Doctors EMI Calculator
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Personal Loan for Doctors Interest Rates and Charges
When you apply for a Personal Loan for doctors, you must know the associated charges to get a clear picture of the overall borrowing cost.
| Personal Loan Interest Rates | 9.99%* p.a. onwards |
| Loan Amount | ₹1 Lakh to ₹50 Lakh |
| Loan Processing Fees | Up to 3% |
| Lowest EMI per month | Starting from ₹2,124* per Lakh for 60 months |
| Loan Tenure | 12 – 84 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 Personal Loan for Doctors
The eligibility criteria for a Personal Loan are minimum so you can get the maximum benefit:
Citizenship
Age
Work Experience
Monthly Income
- Citizenship : The applicant must be an Indian citizen.
- Age : Between 21 and 60.
- Work Experience : Must have at least 1 year of job experience and at least 2 months of stable employment in the current organisation.
- Monthly Income : You must have a net monthly income of ₹20,000.
Documents Required
Our simple documentation process ensures that you don’t deal with a lot of paperwork. You only need to submit a few basic documents, such as:
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KYC documents
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Address proof
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Income proof
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Employment Proof
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Financial Documents
- KYC Documents: PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
- Address Proof: Passport/Utility bills/Rent agreement
- Income Proof: Latest salary slips for the last 3 months
- Employment Proof: Official mail ID confirmation/Employee ID
- Financial Documents: Bank statement for last three months
Note: The above-mentioned loan documents list is indicative. Additional documents may be required during loan processing.
Why Choose Poonawalla Fincorp Personal Loan for Doctors
Poonawalla Fincorp’s Personal Loan for doctors come with a range of attractive features and benefits, as mentioned below:
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Multipurpose Loan
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High Loan Amount
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Competitive Interest Rate
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No Pre-payment or Foreclosure Charges
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Flexible Repayment Tenure
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No Hidden Costs
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Minimal Documentation
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Easy Application and Quick Disbursal
Multipurpose Loan
You can avail of a Personal Loan for doctors and use the funds for any personal, professional, or business-related purposes. We don’t have any restrictions on the end-use of the loan.
High Loan Amount
With Poonawalla Fincorp, you can avail of a Personal Loan for doctors up to ₹50 Lakh, allowing you to achieve your dreams and goals.
Competitive Interest Rate
We offer Personal Loan for doctors at the most competitive interest rate, starting from 9.99% p.a. This makes the EMI affordable, and you can easily manage the repayment.
No Pre-payment or Foreclosure Charges
If you want to prepay a part of the loan or foreclose it, i.e., close the loan account before the actual tenure, you need not worry about paying any additional penalty or fees. Prepaying the loan is a great way to reduce the overall interest payment.
Flexible Repayment Tenure
At Poonawalla Fincorp, we give you the flexibility to choose the repayment tenure from 12 – 84 months to suit your repayment capacity. If you have a cash crunch, you can opt for a longer tenure to make the EMI affordable.
No Hidden Costs
All fees and charges are disclosed.
Minimal Documentation
We have a simple documentation process so that you don’t deal with complicated paperwork. You must provide basic documents like KYC documents and address proof.
Easy Application and Quick Disbursal
Just hit the ‘Apply Now’ button to start the Personal Loan for doctors application process. Once you get the approval, the amount will be immediately credited to your bank account.
Apply for Personal Loan for Doctors Within 5 Minutes
Getting a Personal Loan for doctors with Poonawalla Fincorp is easy. You can apply online by following three simple steps as mentioned below:
- Step 1: Click on the ‘Apply Now’ button.
- Step 2: Fill in the required details on the loan application form.
- Step 3: Upload necessary documents.
On successful verification, the loan amount will be disbursed into your bank account instantly.
Apply for Personal Loan for Doctors within 5 Minutes
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Click on ‘Apply Now’ and complete the application form
Personal
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Personal Details
Enter your DOB, qualification, and residential details
Verification
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Submit and upload all details for verification and assessment
Frequently Asked Questions
With Poonawalla Fincorp, you get the flexibility to choose the loan amount as per your needs. You avail a minimum loan of ₹1 Lakh and maximum of ₹50 Lakh as Personal Loan for doctors.
Yes, as a doctor you can get a Personal Loan of up to ₹50 Lakh from Poonawalla Fincorp, provided you meet the eligibility criteria and submit the necessary documents.
At Poonawalla Fincorp, we offer Personal Loan for doctors up to ₹50 Lakh. The final amount you get from us will depend on different factors, like age, business vintage, monthly income, credit score, etc.
You can use the Personal Loan for doctors for any purpose you want, like wedding, higher education, home renovation, debt consolidation, etc. At Poonawalla Fincorp, we don’t impose any restrictions on the end usage of the loan.
With Poonawalla Fincorp, you can apply for a Personal Loan for doctors online. You just must follow a few simple steps mentioned below:
- Step 1: Click on the ‘Apply Now’ button.
- Step 2: Fill in the required details on the loan application form.
- Step 3: Upload necessary documents.
On successful verification, the loan amount will be disbursed into your bank account instantly.
*Terms & Conditions Apply
