What is a personal loan for doctors?

2 min read

Personal loan for doctors helps medical practitioners meet their small and large expenses. These can include those for a wedding, vacation, home renovation, and more. You can get a loan of up to Rs. 80 lakh (inclusive of Insurance premium, VAS charges, documentation charges, Flexi fees, and processing fees).

Meet the simple eligibility criteria and avail of a hassle-free personal loan in just 48 hours. Complete the simple online application to get the funds you need.

Also read: Reasons why you should go for a personal loan for doctors

What is a personal loan for doctors?

A personal loan for doctors is a special loan product that caters to the financial needs of medical professionals. Whether it is for setting up or expanding a clinic, buying new equipment, pursuing higher education, or meeting personal expenses, a personal loan for doctors can help you achieve your goals without any hassle.

A personal loan for doctors is an unsecured loan, which means you do not have to pledge any collateral or security to avail it. You can get a loan amount of up to Rs. 80 lakh, depending on your eligibility and income. The interest rate is competitive and varies according to your credit score, loan amount, and tenure. You can repay the loan in easy EMIs over a period of up to 96 months.

Benefits of personal loan for doctors

One of the main advantages of a personal loan for doctors is that it comes with flexible features and benefits that suit your needs and preferences. For instance, you can choose from three unique variants of the loan: Term Loan, Flexi Term Loan, and Flexi Hybrid Loan.

  • A Term Loan is a regular loan where you pay a fixed EMI every month. This consists of both the principal and interest components.
  • A Flexi Term Loan is a loan where you can withdraw and repay funds as per your convenience within a pre-approved limit. You pay interest only on the amount utilised and not on the entire limit.
  • A Flexi Hybrid Loan is a loan where you pay only interest as EMI for the initial part of the tenure and principal and interest thereafter. This reduces your monthly outflow and helps you manage your cash flow better.

Another benefit of a personal loan for doctors is that it has minimal documentation and a quick approval and disbursal process. You only need to submit some basic documents such as identity proof, address proof, medical degree certificate, income proof, etc. You can apply online for the loan through a simple form and get instant approval within minutes. The loan amount will be credited to your bank account within 48 hours* of verification.

A personal loan for doctors is a smart way to finance your personal or professional needs without compromising on your savings or investments. It can help you grow your practice, upgrade your skills, fulfil your dreams, and enjoy a better quality of life.

Additional Read: Personal loan for doctors for wedding

Read More Read Less