Doctor Loan Eligibility Criteria & Documents Required

Understanding the eligibility criteria and required documents for a doctor loan is crucial before applying. Knowing these details can help you take measures to improve your loan eligibility and organise the required documents beforehand. This makes the process smooth and faster while boosting the chances of quick loan approval.

Depending on your qualifications, earnings, credit history, age, and other such factors, your loan eligibility is determined. These requirements usually vary depending on the lender you choose. However, here are some common criteria you need to fulfil  to qualify for a doctor loan:

• Nationality: You must be an Indian citizen
  

• Profession: You must be a certified and practising doctor
  

• Age: You must fall under the age bracket of 21 to 70 years
  

• Work Experience: You have a work experience of at least 1 year
  

To qualify for the loan, you should have at least one of the following qualifications:

• PG Diploma

• MBBS

• M.Ch

• MS

• MD

• MDS

• BHMS

• BDS

• BAMS

• DNB

• DM

• DHMS

• GAMS

• Other relevant degrees

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.

You may be asked to submit some additional documents, depending on your chosen lender’s requirements. Ensure to check the complete list of the paperwork required before applying for a smooth, hassle-free process.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.