Doctor Loan ✓ Loan of up to ₹45 Lakhs ✓ Quick Disbursal ✓ Minimal Documentation Apply Now

As a medical professional, it's essential to have access to funds to meet personal and professional financial needs. Whether it's purchasing new equipment or renovating your clinic, a doctor loan can provide the financial assistance you need. 


However, before applying for financing, you should understand the doctor loan eligibility criteria set by lenders. These vary across lenders and dictate whether or not you qualify for the loan.


At Bajaj Markets, you can check the physician loan eligibility criteria and know if you are eligible for the loan.

What are the 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.

What are the 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

Step by Step Guide on How to Apply for a Doctor Loan

On portals such as Bajaj Markets, applying for a doctor loan online is easy. In fact, you can complete the process in just three easy steps. 


  • Step 1: On this page, click on ‘APPLY NOW’

  • Step 2: Fill the form with basic details like mobile number, date of birth, name, and check your offer


Once you note the offers available for your profile, select one with the best terms and go through with loan processing. At this stage, you may have to upload the basic documentation required to process the loan. Once your paperwork is verified, you can get the funds you need.

FAQs for Doctor Loan Eligibility Criteria & Documents

Income proof is a document that provides evidence of an applicant’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. 

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. 

Getting a loan for doctors can be easier compared to other professions because they are considered to have a stable income and a high repayment capacity. In addition, many banks and financial institutions offer special loan schemes for doctors, which have more relaxed doctor loan eligibility criteria.


Doctors may also have an advantage in getting a loan because they are considered to be part of a low-risk category, which means that lenders may offer lower interest rates and other benefits.

The loan amount that an MD doctor can get depends on various factors, including their income, credit score, and repayment capacity. The loan amount also depends on the lender's policies and the borrower's eligibility. Some lenders offer up to ₹45 lakhs without collateral. 

Yes, CIBIL score is an important factor when availing a doctor loan. Typically, a CIBIL score of 750 or above is considered good and may improve the chances of loan approval. 

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