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How does Doctor Loans Eligibility work?

By Finserv MARKETS - Jul 26,2019
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How does doctor loan’s eligibility at Finserv MARKETS

In India, private healthcare accounts for almost 74 per cent of the country’s total healthcare expenditure. Medical tourism is a thing now, and the major factor responsible for its growth is the presence of learned medical staff and state-of-the-art equipment in private hospitals and diagnostic facilities. This growth in the private healthcare sector has also boosted the overall figures in hospitals and hospital beds, with the private sector’s share in hospital beds estimated at 40 percent.

On the consumer side too, things are encouragingly bullish: due to rising incomes, easier access to high-quality healthcare facilities, greater penetration of health insurance and greater awareness of personal health and hygiene, the expenditure on healthcare is on the rise in India, with the market is expected to record a CAGR of 16.28 per cent during 2008-22.

Eligibility of Doctor Loan
Source: Frost and Sullivan, LSI Financial Services, Deloitte, Aranca Research
In fact, the government has relaxed taxes on hospitals in Tier 2 and Tier 3 cities, in order to encourage the private sector to establish hospitals there.

The point behind all these data points is that it is a great time to be in the medical profession, and even better to start a private practice clinic or any medical centre in the private sector.

If you are a doctor planning to capitalize on this trend in the healthcare industry, you are most likely thinking of opening a private clinic of your own. Often, setting up a private practice is considered a milestone of professional success in the medical field. If you already have a private practice, you might be looking for ways to stay ahead of the curve and get the latest technologies and equipment. Whatever stage you are at, in order to stay competitive, you need to make constant investments – and these are in addition to the real estate, staff, billing system and other medical infrastructure.

An effective and speedy way to ensure this is to secure a professional loan or business loan specifically designed and customized for doctors, available on Finserv MARKETS, so you can instantly access finance for your noble pursuits in the field of medicine. As a doctor, a doctor loan from Finserv MARKETS can bring you financial resources with the benefits of nominal annual charges and flexible repayment schedules.

Finserv MARKETS provides you with loans, irrespective of whether you a salaried doctor looking to set up your own practice or to upgrade your skill-set, or if you are a self-employed doctor who wants to purchase medical equipment, research lab supplies, etc. The loan provides instant approval and swift disbursal into your bank account.

You can get professional loan up to Rs. 20 lakhs and business loans up to Rs 30 lakhs with Finserv MARKETS through a lending process that is simple and seamless with online processing and easy account management and repayment terms, lasting for a tenure between 12 to 60 months. It also offers you the choice to avail unsecured loans if you are hesitant to put up collateral.

What are the eligibility criteria for availing of a professional loan for doctors?

As a salaried doctor the eligibility criteria entail

  • Being a salaried employee (doctor)
  • Being between 25-60 years of age

You can visit our personal loan eligibility calculator page for a quick check on your eligibility for a personal loan for doctors.

If you are self-employed, you can apply for a professional loan if

  • You do a Private Practice or consult
  • You are between 25-65 years of age

However, it is worth mentioning that your level and expanse of specialization influences your eligibility requirements for a loan.

Here’s a breakdown on these conditions, listed for each type of specialization:

For the Super-specialist doctors with either of the degrees/titles: DM/MD/MS, there is no minimum experience required. Your degree justifies your skills.

If you have an MBBS, meaning you are a Graduate Doctor, then you require at least two years of work experience after you receive the qualification before being able to apply for the loan.

If you are a dentist looking to open a dental clinic or dental private practice, get at least five years of work experience post your MDS or BDS qualification before applying for the professional loan.

For Homeopathic and Ayurvedic Doctors, with degrees in BAMS or BHMS, at least six years of work experience after qualification is required. Additionally, such doctors must have a clinic or house of their own.

For Homeopathic Doctors with a DHMS, at least 15 years of work experience is required post qualification and clinic or house of their own.

If you meet the respective eligibility criteria for your field and have a business plan or professional skill upgradation goal, pursue it without any worry about financing it. Finserv MARKETS provides professional loan for doctors with value-added services like a Financial Fitness report.

Also read about 5 reasons to consider setting up your own clinic.

Finserv MARKETS, from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs. We understand that every individual is different and thus when you plan to achieve your life goals or shop for the gadget of your dreams, we believe in helping you Make it Happen in a few simple clicks. Simple and fast loan application processes, seamless, hassle-free claim-settlements, no cost EMIs, 4 hours product delivery and numerous other benefits. Loans, Insurance, Investment and an exclusive EMI store, all under one roof – anytime, anywhere!


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Bajaj Finserv Direct Limited ("BFDL") is primarily engaged in distribution of financial products and services through its digital platform (“Bajaj Finserv MARKETS”) and inter alia renders services of customer acquisition, providing preliminary credit support activities, fulfilment services and post-acquisition customer services to Banks, NBFCs, HFCs. BFDL is also a registered Corporate Agent (Composite) under valid IRDAI registration number: CA0551 valid till 10-Apr-2024 for solicitation and servicing of Insurance Products. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522