Doctor Loan Eligibility Criteria & Documents

In general, meeting the following criteria is required to qualify for a Doctor Loan:

 

• Applicant must be Indian citizen

• Applicant must be certified and practising doctor

• Applicant must be between 26 and 65 years of age

 

Specialisation-based eligibility criteria for doctor loans are also present. Some lenders have the following doctor loan eligibility requirements. 

 

• Super Specialist I&II, Postgraduate I, Postgraduate II & Specialized Diploma, and other PG Diploma: At least an MBBS degree and registration with the Medical Council. Experience is calculated from the MBBS registration date.

• Graduate: Right after registration with the Medical Council

• MDS: At least a BDS degree and registration with the Medical Council. Experience is calculated from the BDS registration date.

• BDS: A minimum of 2 years of experience from the medical registration date is required.

• BAMS/BHMS: A minimum of 5 years of experience is required.

Like the doctor loan eligibility criteria, the paperwork needed also varies from lender to lender. As such, it is crucial that you check the lender-specific list of documents needed. In general, these are the documents you would need to apply. 

 

• Identity proof: Aadhaar card, Passport, Voter ID card, Driving License, etc.

• Address proof: Electricity bill, Telephone bill, Rent Agreement, etc.

• Income proof: Salary slips, ITR (Income Tax Return), Bank statements

• Educational qualification certificate

• Proof of employment: Offer letter, Appointment letter, etc.

• Passport size photographs