Being a doctor comes with its own set of challenges, one of which is financing. Whether you are looking to expand your practice or purchase new equipment, a doctor loan could be the solution you need.
Here is how to ensure quick approval and disbursal of funds when you apply for our doctor loan.
Prepare for the application financially: Before applying for the loan, ensure that your finances are in order. Check your credit score to see if it is 685 or higher. If you have any ongoing loans, try to clear them off so that you do not have a high debt-to-income ratio. A high credit score and steady, reliable history of credit repayment not only increases your chances of getting approved quickly but may also help you get a better rate of interest.
Meet the eligibility criteria: Before applying for a doctor loan, make sure you meet the eligibility criteria. You must be an Indian national, living in India. Your age should be between 22 years and 80 years, and you should have a minimum CIBIL Score of 685.
In terms of documentation, you must be a licensed and practising medical professional. You will need your identity and address proofs, medical registration certificate, and financial documents. Having these documents in order can help speed up the approval process and lessen the chances of your application being rejected.
You can apply for our doctor loan online using our app and website by following these simple steps:
Apply on our app
- Click on the ‘APPLY’ button on this screen to open our application form
- Fill in a few basic personal and professional details
- Once you are done, click on ‘PROCEED’
- Update your KYC details
- Schedule an appointment for document verification
Apply on our website
- Click on the ‘APPLY’ button on this page
- You will be redirected to our application form
- Fill in a few basic personal and professional details
- Once you are done, click on ‘PROCEED’
- Update your KYC details
- Schedule an appointment for document verification
Our representative will guide you further processing of your doctor loan application.
On approval and verification, you will get the loan amount in your bank account in just 48 hours.
