Loan against property eligibility and documents for doctors

Read on to know the criteria required to apply for our loan against property.

Eligibility criteria and documents required

A self-employed doctor can apply for our loan against property after meeting the criteria mentioned below.

Eligibility criteria

  • Nationality: You must be an Indian citizen residing in India with property in a city we operate in.
  • Age: Minimum age: 25 years* (18 years for non-financial property owners)
    Maximum age: 85 years* (including non-financial property owners)
    *Age of the individual applicant/ co-applicant at the time of loan maturity.
    *Higher age of co-applicant may be considered up to 95 years basis 2nd generation (legal heir) meeting age norms and to be taken as co-applicant on loan structure.
  • CIBIL Score: A CIBIL Score of 700 or higher is ideal to get an approved loan against property.
  • Employment status: As a self-employed doctor, you must hold an MBBS or subsequent higher degree. You should also have a business continuity of over 5 years in your current practice.

Documents required

  • Proof of identity/ residence - Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
  • Proof of income (P&L statement and ITR)
  • Proof of medical practice existence, and
  • Account statements for the last 6 months

Note: This is an indicative list that may change based on your actual loan application.

More details

As long as you fall within the eligibility age limit, you can apply for a loan against property. To qualify for a loan against property, a self-employed doctor should have a CIBIL Score of 700 or above.

We provide loan against property in most cities in India at affordable interest rates. A self-employed doctor can easily apply for a loan against property with us after meeting certain prerequisites.

Any self-employed doctor between the ages of 25 years to 85 years may apply as long as they match the required income profile. After the documents you provided are verified, your final loan amount is approved.

Still haven’t found what you are looking for? Click on any of the links at the top of this page.

How to apply for a loan against property

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Step-by-step guide to apply for a loan against property

  1. Click on the 'APPLY' button on this page.
  2. Enter your full name, mobile number, and pin code, and choose ‘Self-employed Doctor’ as the employment type.
  3. Now select the type of loan that you wish to apply for.
  4. Generate and submit your OTP to verify your phone number.
  5. Upon OTP verification, enter additional details like your monthly income, required loan amount, and if you have identified the property.
  6. In the next steps, enter your PAN number and any other details as requested depending on your selected occupation type.
  7. Click on the ‘SUBMIT’ button.

That is it! Your loan request is submitted. Our representative will connect with you and guide you through the next steps.