Doctor Loan โœ“ Loan of up to โ‚น45 Lakhs โœ“ Quick Disbursal โœ“ Minimal Documentation Check Eligibility

Eligibility Criteria for a Doctor Loan

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.

Documents Required for a Doctor Loan

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

FAQs for Doctor Loan Eligibility Criteria & Documents

What is the income proof for a doctor loan?

Income proof is a document that provides evidence of an applicantโ€™s income. It helps lenders assess your ability to repay the loan. For a doctor loan, income proof documents may include salary slips, bank statements, filed ITR paperwork, or business income documents. 

Who can apply for a professional doctor loan?

Professional doctor loans are designed for medical professionals who have completed their medical education and are practising in their field. Typically, only doctors, dentists, super specialists and registered medical practitioners can apply for a Professional Doctor loan. 

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