Loan Amount
Up To ₹75 Lakh
Interest Rate
Starting at 13%* p.a.
Loan Tenure
12-60 Months

Get a Professional Loan for Doctors With Instant Disbursal

As a self-employed doctor, getting access to instant credit financing with zero collateral can help you scale up your medical practice and manage your day-to-day expenses. Expand your practice with a Professional Loan of up to ₹75 Lakh from Poonawalla Fincorp. Benefit from our competitive interest rates, flexible EMIs, minimal paperwork and swift approval. Apply now!

Why Choose Poonawalla Fincorp

Collateral-free
Loan
Quick
Approval
No Hidden
Charges
Minimal
Documentation
Flexible
EMIs
Online Application
Process

EMI Calculator for Professional Loan for Doctors

Use our online EMI calculator to plan your monthly repayments. Simply enter the loan amount, tenure and interest rate to know your EMIs. Try now!

Optimise Your Professional 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

%
13 %
30 %

Tenure

Months
12Months
60Months

Apply for a Professional Loan in Just 3 Steps

Click on "Apply Now"

Tap the "Apply Now" button to initiate your application.

Enter Details

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

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 Professional Loan for Doctors

Qualify for Poonawalla Fincorp’s Professional Loan for doctors by meeting our simple eligibility criteria:

  • Age: Between 24 and 65 years.
  • Citizenship: Indian.
  • Work Experience: Must be practising for at least 1 year post qualification.
  • Annual Income: At least ₹3 Lakh.

Documents Required for a Professional Loan for Doctors

Submit just a few documents to avail of the loan:

  • Identity Proof
  • Residential Address Proof
  • Business Address Proof
  • Income Proof
  • Bank Account Statement
  • Proof of Professional Qualification

Click to know more about the necessary documents in detail.

Interest Rate and Charges for a Professional Loan for Doctors

Get our loan to doctors at competitive interest rate and nominal charges:

Interest Rate
13%* p.a. onwards
Loan Amount
₹1 Lakh to ₹75 Lakh
Loan Processing Fees
2% plus applicable taxes
Lowest EMI Per Month
Starting from ₹2,275* per Lakh for 60 months
Loan Tenure
12 – 60 months
Prepayment/Foreclosure Charges
First 6 EMIs: 6% on principal outstanding + taxes

After 6 EMIs: 5% on principal outstanding + taxes
Default Charges
24% per annum plus taxes
Repayment Instrument Dishonor 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 Professional Loan

  • Expanding your professional practice
  • Renovating your office space
  • Enhancing your professional skills
  • Meeting working capital requirements
  • Recruiting new employees

Tips for a Successful Professional Loan Application

  • Borrow only what you need
  • Fulfil the eligibility criteria
  • Check your credit score
  • Reduce your credit utilisation ratio to 30%
  • Keep the loan documents handy
  • Avoid multiple loan applications

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

1. How can I calculate the EMIs for a Professional Loan for doctor?

To calculate the EMIs for your doctor loan, use our online Professional Loan EMI calculator. Simply enter your loan amount, interest rate, and tenure, then click on 'Calculate' to view your EMIs.

2. What are the processing fees for a Professional Loan?

Processing fees are a type of administrative charge imposed by lenders for handling the loan application process. Poonawalla Fincorp charges a minimal processing fee of 2% of the sanctioned amount plus applicable taxes for doctors.

3. Are there any foreclosure charges for Poonawalla Fincorp’s Professional Loan?

Yes, foreclosing your Professional Loan comes with 6% on principle outstanding plus applicable taxes on up to first six month's EMI. After payment of First six EMI’s - 5% on principle outstanding plus applicable taxes.