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Professional Loan for Medical Practitioner

By Finserv MARKETS - Mar 28,2020
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Medical Practice Financing

Medial practice in India is a highly coveted profession that involves a rigorous investment of time and effort by the practitioner. Setting up one’s own medical practice, to put it mildly is no piece of cake. One of the main hurdles in opening one’s own practice or in expanding their existing one can be a lack of funding.

Professional loans in the form of Doctor Loans can be availed at various lending institutions in India by medical practitioners. Be it to fund the purchase of high-tech surgical equipment or to renovate one’s clinic, a doctor loan can come handy in umpteen number of ways.

Understanding Medical Practice Loan

A Professional Loan for a Medical Practitioner is similar to business loans, in so far that it provides the funding necessary to take one’s professional goals to new heights.

On Finserv MARKETS, you can avail of a custom-made professional loan of upto INR 30 Lacs if you are a self-employed doctor and are planning to establish or grow your practice. With end-to-end online processing and flexible repayment tenures, the Bajaj Finserv Doctor Loan on Finserv MARKETS caters to your financial needs adequately.

Purpose of the Professional Loan for Medical Practitioners

A professional loan for medical practitioners proves to be significant in the following situations:

  • Setting up a clinic facility
  • Purchasing surgical equipment required for practice
  • Purchasing additional medical supplies and tools
  • Renovating or expanding an already-established clinic
  • Hiring new staff at the clinic
  • Financing further specialization when required
  • Training the hired staff
  • Installing relevant new technology to meet quality practice standards

Who Should Opt for Medical Practice Loan?

Doctors from various medical majors and holding different degrees of expertise can avail of high-value Doctor Loans at Finserv MARKETS.

  • Allopathic Doctors
  • Homoeopathic Doctors
  • Ayurvedic Doctors
  • Super Specialist Doctors
  • Doctors practicing dentistry
  • Doctors wanting to diversify their specialization

General Eligibility Criteria For Medical Practice Loan

The following eligibility rules are applicable to self-employed doctors in India, who are aged between 25 and 65 years, looking to avail of a Professional for Medical Practitioner.

Based on the Practice Specialization Eligibility Requirement
Super-specialist doctors with the following degrees:

  • DM
  • MD
  • MS
  • Minimum experience not necessary
Post Graduate Doctors with the following degree:

  • MBBS
  • Work experience of at least 2 years, over and above the qualification
Medical practitioners specializing in Dentistry with the following degrees:

  • MDS
  • BDS
  • Work experience of at least 5 years, over and above the qualification
Doctors practicing Homeopathy and Ayurvedic Medicine with the following degrees:

  • BAMS
  • BHMS
  • Work experience of at least 6 years, over and above the qualification
  • A self-owned clinic and/or house are necessary.
Doctors of Homeopathy with the following degree:

  • DHMS
  • Work experience of at least 15 years, over and above the qualification
  • A self-owned clinic and/or house are necessary.


Check Eligibility

Features and Benefits of Medical Practice Loan

On Finserv MARKETS, availing of a Doctor Loan can be beneficial for the medical practitioners due to the following features:

  • Fast and Easy Online Loan Processing:

A business loan for doctors can be approved online within minutes with instant processing of loan requests and hassle-free disbursal of the amount into your bank account within 24 hours.

  • No Collateral Against Loan:

Unlike the norm at many financial institutions, you don’t have to provide collateral against the loan amount needed for setting up a clinic or expanding your practice. These Doctor Loans for medical practice are unsecured and hence, you are not required to pledge any assets.

  • A High Loan Limit:

You can avail loans of upto INR 30 Lacs on Finserv MARKETS. This can provide you with the funds required to give further impetus to your medical practice.

  • Repayment Flexibility:

The tenure for the repayment of the loan is extremely flexible on Finserv MARKETS. Your repayment tenure can range from 12 to 60 months, depending on your financial capabilities.

  • Value-Added Features:

Financial fitness reports and personalized insurance plans to protect doctors against their loan liabilities are provided.

  • Affordable Interest Rates:

A Professional loan for medical practitioners is available at attractive, easily affordable interest rates.

How to apply for Medical Practice Loan

It’s quite easy to avail of a Business Loan for Doctor on Finserv MARKETS. All you have to do is fill in an application form with your personal and professional details, and submit it along with the relevant documents required for the application. You would also need to fill in your preferred loan amount and repayment tenure. Once the application is reviewed and approved, the requested loan amount will be disbursed to your account within hours. The following documents must be kept handy to apply online for a professional loan for doctors:

  • ID proof documents like PAN, Driving License, Voter ID, or Aadhaar Card
  • Address proof such as ration card, Aadhar Card, bills
  • Qualification Degree proof

On Finserv MARKETS, you can avail Doctor Loans of upto INR 30 Lacs online in a hassle-free manner to cater to any financial needs pertaining to your medical practice. Fulfill your professional goals by opting for a loan on Finserv MARKETS now!

Personal Loan

Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we work towards fulfilling all your personal and financial needs. What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App.


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