Loan Amount
Up to ₹50 Lakh
Interest Rate
Starting at 9.99%* p.a.
Loan Tenure
12-84 Months

Apply for a Personal Loan for Doctors Online

Invest in your medical practice with a Personal Loan for doctors. Whether you are looking to expand your clinic, upgrade equipment, or fund any other personal objectives, our specialised loan provides the flexibility and funding to achieve your professional goals. Apply now and take a step to propel your personal or professional goals.

Why Choose Poonawalla Fincorp

High Loan
Amount
Collateral-free Loan
Competitive Interest Rate
No End-use
Restrictions
Minimal
Documentation
Quick
Approval

Personal Loan EMI Calculator

Check your monthly repayment instalments with our EMI calculator. Just enter the loan amount, tenure, and interest rate. Try now!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

Interest Rate

%
9.99 %
30 %

Tenure

Months
12Months
84Months

Apply for a Personal Loan in Just 3 Steps

Step1

Click on “Apply Now”

Tap the “Apply Now”button to initiate your application.

Step2

Enter Details

Enter your DOB, PAN card number, monthly income, and residential details.

Step3

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Personal Loan for Doctors

Meet the simple eligibility criteria to qualify:

  • Age: Between 21 and 60 years.
  • Citizenship: Indian.
  • Employment: Full-time job with a government entity, public/private limited company, LLP, educational institution, or a company approved by Poonawalla Fincorp
  • Work Experience: Minimum 1 year, with at least 1 month in the current job.
  • Monthly Income: Minimum of ₹30,000.

Documents Required for a Doctor's Loan

Submit just a few necessary documents:

  • KYC Documents: Aadhaar Card, PAN Card, Voter ID, Driving License, or Passport.
  • Address Proof: Passport, Utility Bills or Rent Agreement.
  • Income Proof: Last 3 months’ payslips and bank statements.
  • Employment Proof: Official Email ID or Employee ID Card.
  • Income Proof: Last 3 months’ payslips and bank statements.
  • Financial Documents: Bank statements for the last 3 months.

Interest Rate and Charges for a Personal Loan for Doctors

Check out the comprehensive overview of interest rates and charges for our loan:

Interest Rate
9.99%* p.a. onwards
Loan Amount
₹1 Lakh to ₹50 Lakh
Loan Processing Fees
Up to 3% plus applicable taxes
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% p.a. + taxes
Re-payment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Different Uses of a Personal Loan for Doctors

  • Medical equipment financing
  • Get working capital
  • Buying office equipment
  • Renovate clinic
  • Fund higher education
  • Meet personal life goals
  • Consolidate debt

Tips for a Successful Personal Loan Application

  • Check your CIBIL score
  • Avoid multiple loan applications
  • Fill the application correctly
  • Upload all the necessary documents

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

Can a doctor get a Personal Loan?

Yes, like any other person or professional, a doctor is also eligible for a Personal Loan from Poonawalla Fincorp. However, please note that you must fulfil the eligibility criteria and have all the necessary documents.

What are the end uses of a Doctor's Personal Loan?

Any borrower, including doctors, can use the loan amount for any purpose, such as higher education, wedding, debt repayment, home renovation, etc. At Poonawalla Fincorp, there is no end-use restriction on our Personal Loan.

What is the maximum loan amount available for doctors?

Doctors can apply for a Personal Loan of up to ₹50 Lakh. The loan amount is approved based on various factors, such as age, monthly income, business experience, credit score, etc.

Is the CIBIL score important for availing of a Doctor’s Loan?

Yes, the CIBIL score plays a vital role in determining an individual's creditworthiness. Hence, a higher CIBIL score may allow hassle-free approval.