Business loans of up to 10 lakhs for purchase of medical equipment / furnishing / renovation of clinic / working capital requirement of the clinic or nursing home
No collateral security is required
Available to both Graduate (MBBS/BDS) & Post Graduate (MD/DM/MS/MCH/MDS) Doctors
Doctors with BAMS/BHMS degrees also covered
Eligibility calculation basis Gross Professional Receipt
Higher amount for doctors with higher practice vintage
PDC and NACH allowed for loan repayment
No hassle processing
Loan tenure is 12-48 months
Here’re the documents needed to apply for a Doctors Loan
- Application form
- IT returns from the last 2 years
- Gross receipt from the last year
Minimum processing fee is 2% of the loan amount (excluding GST)
What’s the loan limit for Doctors Loan?
You can apply for a business loan without security starting from 1.5 lakh to 10 lakhs.
What’s the loan tenure?
The repayment can be done within 12-48 months of availing the loan.
What is the eligibility requirement Applicable for a Doctors Loan?
You need to be a professional with at least 5 years of experience holding the following degrees: MBBS, BDS/MDS, BHMS/BAMS, DHMS.
What is the minimum Gross receipt required for availing Doctors Loan?
The Minimum Gross receipt to avail a Doctor’s Loan is 3 lakhs