Professional loan for Doctors

Doctors, in general, are always in demand when compared to other professionals. However, they start earning much later than people in other professions. Hence, they might need some financial help to make their services reach everyone or to expand their business. In this case, a professional loan can come to their rescue.

On Finserv MARKETS, you can find financial assistance for everything from financing reconstruction, renovation, purchasing a new clinic, to training your staff. Backed by easy repayment facilities and quick online processing, you can enjoy Bajaj Finserv Professional Loan up to ₹30 lakh.

Purpose of doctor loan

Professional loan for doctors is free of any collateral and are designed to meet needs like upgrading your clinic, setting up a new clinic, expanding your existing clinic, and so on. If you require instant assistance in financing any of these needs, you can avail of the Bajaj Finserv Professional Loan to get the loan money disbursed in our bank account in just 24 hours! The following are the chief reasons for which you, as a doctor can take a professional loan.

1. Clinic/ hospital construction

As a doctor, saving lives is your passion and you might want to open a clinic or hospital for the same. With construction costs and land rates skyrocketing, you might require some external help to manage your finances. However, you don’t need to worry about that as you can simply apply for a professional loan for doctors for quick disbursal of money in your bank account.

2. Clinic/hospital renovation

It is quite natural that over the years, your clinic may have become outdated, and thus, you may have to renovate it. During yearly audits, you need to keep up with the guidelines and keep the hospital infrastructure updated. You also need to have a well-trained staff on-board at all times, in case any medical emergency comes up. Thus, for the renovation of your clinic/hospital, you can avail of a professional loan for doctors.

3. Medical equipment purchase

Besides enhancing your hospital/clinic, you can take doctor loan to upgrade or purchase new equipment for your hospital. Equipment like sonography machine, CT scanner, X-Ray, or MRI machines, though important in a hospital, is quite costly and high maintenance. If you do not have immediate funds required to set up your medical clinic with the equipment, you can opt for a doctor loan on Finserv MARKETS with easy online application processing.

Doctor loan benefits

The following are the benefits of professional loan for doctors:

1. You do not require any collateral or guarantors against your doctor loan

2. It helps in covering your end-to-end needs hospital/clinic needs

3. You get lower rates of interest as compared to loans availed by other self-employed professionals

4. Your loan can be approved within just a matter of a couple of days! For instant loan disbursal within 24 hours and minimal documentation, you can enjoy a professional loan for doctors on Finserv MARKETS

5. You also have an option of fixed and floating rate of interest while applying for a doctor’s loan

6. Your end utility of loan may include construction and renovation of clinic/hospital, and purchasing or upgrading equipment for medical use

7. You can choose an adaptable repayment tenure from 12-60 months with a loan up to ₹30 lakhs

Doctor Loan Eligibility Check

To apply for a doctor loan, you must meet the following criteria:

  • You must be an Indian citizen

  • You must be self-employed as a doctor

  • You must be between 25-65 years of age to be eligible to apply for a doctor loan

  • To qualify for a doctor’s loan, your minimum qualification must be BHMS/BUMS degree

  • You must have a good CIBIL score

You can simply check Doctor Loan Eligibility online on Finserv MARKETS by selecting your degree, profession, and experience. With no collateral and tailored exclusive offers, you too can choose Bajaj Finserv Professional Loan on Finserv MARKETS as your trusted financial partner!

Frequently Asked Questions

1. How can I apply for a professional loan for doctors?

You can apply for Professional Loan for Doctors available on Finserv MARKETS in just the following 3 steps:

  1. Fill your personal and employment information on the online application form available on Finserv MARKETS

  2. Select the amount of loan and repayment tenure that is compatible for you

  3. If you meet all the eligibility criteria specified, your loan will be approved in 3 minutes and the amount will be credited to your bank account within 24 hours!

2. What are the documentation requirements for availing loans for doctors?

You are required to submit digital copies of all your documents. Normally, you need to provide your:

  • Identity proof

  • Address proof

  • Security Post Dated Cheque

  • Canceled cheque

Thus, availing of a doctor loan is a simple, straightforward and seamless process and comes in handy in a number of ways! Secure your professional career by opting for a doctor loan. 

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