Customized Interest Rate
The interest rate levied on a Personal Loan depends upon the doctor’s medical profile and income slab.
Personal Loan For Doctors
Instant Personal Loans for doctors are exclusively designed to provide timely finance to healthcare professionals. You might need quick funds to upgrade your clinic, buy new equipment, or cover a personal expense. Apply for a loan for doctors at Hero FinCorp to cover the cost upfront and repay later through EMIs over a tenure of 12 to 36 months.
The loan amount ranges from Rs 50,000 to Rs 5 Lakh, and the interest rate starts at 19% per annum. Borrow a Personal Loan for doctor without visiting the branch or dealing with any paperwork. The application process is 100% online, and the amount is disbursed directly into your bank account within a short period.
Loan up to ₹5 Lakh
Minimum Salary Required ₹15K
Instant Approval
Personal Loan For Doctors EMI Calculator
Get Personal Loan For Doctors Up to 5 Lakh
Personal Loans for doctors, physicians, and medical staff are exclusively designed to meet their unique professional and personal goals through timely finance. It includes advanced educational expenses, business expansion or renovation investment, upgraded clinical equipment bills, wedding costs, and vacation expenditure. Loans for doctors help them to maintain a cash flow or to buy a new property for setting up a clinic or a hospital. With the loan amount being disbursed to your account, Personal Loan application for doctors is 100% hassle-free.
Doctors and individuals involved in the medical profession have an unpredictable and occupied schedule each day. Finding time to visit the bank branch for loan applications is a time-consuming task. Instant Personal Loans for doctors via online loan apps or credit portals are a smarter way to submit a Personal Loan application. On digital loan platforms, a considerable amount of time is saved and loans for doctors can be sanctioned in minutes with expected disbursal time in 24 to 48 hours.
HeroFinCorp is an instant Personal Loan app best suggested for doctors, physicians, and medical professionals. It is customised to offer ease of loan application, paperless documentation, and quick approval. Download an online loan app from Google Play Store to get started with applying for a Personal Loan for Doctors online.
Features and Benefits of Personal Loan For Doctors
There are several features and benefits to consider when taking a Personal Loan. Here is a list of the important features and benefits:
Eligibility Criteria for Personal Loan for Doctors
Age Requirement
Individuals must fall within the age bracket of 21 to 58 years to be eligible for a loan.
Citizenship
Applicants must be Indian citizens to qualify for a Personal Loan.
Work Experience
For Salaried Employees: 6 months and for Business Owners: 2 years
Monthly Income
The minimum monthly income required is Rs 15,000.
Financial institutions in India provide Personal Loan apps to meet the financial requirements of different income groups. Loan for doctors is also one category of Personal Loan helping the medical professionals to support different financial needs. Personal Loan eligibility for doctors depends upon income/salary, and ability to repay the loan in the given tenure:
Documents Required for a Personal Loan for a Doctors
Having the correct documents when applying for a Personal Loan for Doctors plays an important role in getting quick approval for your loan. You must be familiar with the documents required when applying for a loan.
How to Apply for a Personal Loan for Doctors?
Being a doctor or a health practitioner is a responsible profession that requires the skill, knowledge, and experience to improve the patient’s health. For improvising the quality of medical treatments, many doctors opt for a loan.
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Visit the Hero FinCorp website.
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Go to the Personal Loan page and click ‘Apply Now’
- 3
Enter your mobile number and verify with the OTP received
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Choose the loan amount you need
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Verify your KYC details to check income eligibility
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Click ‘Submit’ to complete your application
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Frequently Asked Questions (FAQs)
Personal loans for doctors can be applied quickly through instant loan apps online. This is the easiest way for doctors to apply for a personal loan online and save their time in personally visiting the branch for a loan application.
There is no fixed loan amount for a doctor’s loan. The personal loan amount for doctors entirely depends on the lender’s maximum loan limit. It can vary from depending upon different lenders.
You can get a doctor loan by downloading an instant personal loan app, following the loan application process, submitting the documents online for verification, wait for the approval and get the loan amount disbursed within 2 days.
Doctors applying for a personal loan online can use the EMI calculator or the interest rate calculator to derive the interest charged on their loan amount. It differs from lender to lender and varies based on your principal amount and loan tenure.
Yes, doctors can get loans for both personal and professional reasons. A loan for doctors can be taken to improve the quality of medical treatments, expand the clinic, or to meet personal financial goals of further studies, travel, renovation, etc.
Doctors are required to submit their medical certificate and post-qualification papers, along with the basic identity proofs such as Aadhar card and PAN card linked to your mobile number. In the absence of your Aadhar card, submit passport/driving license/utility bills.
Once the document processing is done and verified, it doesn’t take more than 2 Days to disburse loan for Doctors.
Personal loan eligibility for Doctors depends upon their income/salary, and ability to repay the loan in the given tenure.