• 01

    No Collateral Required

  • 02

    13% -14% R.O.I

  • 03

    Minimal Documentation

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How does Loan for Doctors in India Work?

In India, loans for doctors are offered by various banks, financial institutions, and non-banking financial companies (NBFCs). These loans are designed to meet the specific financial needs of medical professionals, including doctors, surgeons, dentists, and other healthcare practitioners

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Eligibility and Documentation Loan For Doctors

  • Age: The age of the borrower should be between 21 years to 60 years.
  • Citizenship: The borrower must be a citizen of India
  • Business Vintage: The business must be running for 3 years.
  • CIBIL Score: 700 pr higher
  • Requirements for a business loan is mentioned below.
  • 1. Adhaar Card
  • 2. PAN Card
  • 3. Photo
  • 4. GST Registration
  • 5. UDHYAM Registration
  • 6. GST Returns
  • 7. Bank statement for one year
  • 8. The age of the borrower should be between 21 to 60 years.
  • 9. Tenure of the loan 3 years
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HOW TO APPLY Loan For Doctors

Apply Loan For Doctors online from Money Bharti easily. Get your Loan For Doctors approved by top banks instantly.

  • 01

    1. Apply with a click.

  • 02

    2. Get your documentation done online.

  • 03

    3. Get your Loan For Doctors approved and disbursed in the shortest interval of time from Money Bharti.

Which Banks to prefer for this loan

Bank Rate of Interest
HDFC Bank 10.25%
IndusInd bank 10.25%
Standard Chartered 10.75%
Axis Bank 10.99%
Kotak Mahindra 10.75%
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Loan For Doctors EMI Calculator

Loan Amount

Tenure

MO

Interest Rate in %

%

Your Monthly loan emi Rs:23,537

Monthly amount paid to your loan provider

Interest rate in %

Total Payble Amount

5,64,882
Rs

your loan details as specified by you

Loan Amount
5,00,000
Rs
Tenure
24
M
Interest Rate
12
%

Frequently Asked Questions

  • What is the difference between secured and unsecured loans?

    Secured loans require collateral (such as a house or a car) to back the loan, providing security for the lender in case the borrower defaults. Unsecured loans do not require collateral but typically have higher interest rates as they pose a higher risk to the lender..

  • What is an interest rate?

    The interest rate is the cost of borrowing money, expressed as a percentage of the loan amount. It is determined by factors such as prevailing market rates, the borrower's creditworthiness, and the loan term.

  • What happens if I miss a loan payment?

    Missing a loan payment can result in late fees, penalty interest rates, and negative effects on your credit score. If you continue to miss payments, the lender may take further action, such as reporting the delinquency to credit bureaus, initiating collection efforts, or even seizing collateral (for secured loans).

  • Can I pay off my loan early?

    In many cases, yes, you can pay off your loan early. However, some loans may have prepayment penalties or fees for early repayment. It's essential to check your loan agreement or consult with your lender to understand any potential costs associated with early repayment.

  • What documents do I need to apply for a loan?

    The required documentation varies depending on the type of loan and the lender. Common documents include proof of identity, proof of income (such as pay stubs or tax returns), bank statements, and information about any assets or debts. It's best to check with your lender for specific requirements.