Doctor Loan: Business and Professional Loans for Doctors with Easy Approval

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Business Loan for Doctors

Business Loan for Doctors: Empowering Medical Practices

Healthcare professionals, particularly doctors, often require financial support to manage and expand their practices, acquire new medical equipment, or start new ventures. Understanding this need, tailored business loans for doctors are designed to provide the necessary financial backing with ease and flexibility.

Features of Business Loan for Doctors

Quick Processing

Time is a precious commodity for medical professionals. Therefore, the application process for these loans is streamlined for quick processing, ensuring that doctors can focus on their patients rather than lengthy loan procedures.

Flexi Facility

Flexi loans offer doctors the flexibility to withdraw funds as needed and pay interest only on the utilized amount. This feature is particularly beneficial for managing cash flow in a medical practice.

Convenient Tenors

With loan tenors that can extend up to several years, doctors have the flexibility to plan their finances without feeling the pressure of immediate repayment.

Funds in 48 Hours*

In urgent situations, such as the need for quick equipment purchase or clinic renovations, loans can be disbursed in as little as 48 hours* after approval.

No Collateral

Unsecured loans mean doctors don't have to pledge any assets as collateral, making it easier and less risky to obtain funding.

Easy Part-Prepayment

For doctors who wish to prepay their loan partially, the process is straightforward and usually comes without any additional charges, reducing the total interest burden.

Pre-approved Offers

Existing customers often have access to pre-approved offers, which simplifies the application process and provides quicker access to funds.

Benefits of Doctor's Loans

Secure access to funds for setting up a clinic or purchasing medical equipment.
Avail of competitive interest rates to manage your finances efficiently.
Expand your practice or invest in advanced medical equipment to enhance patient care.
Scale your practice and reduce workload by hiring dedicated staff.
Enjoy a streamlined application process with minimal documentation.
Benefit from special deals for doctors such as lower processing fees, pre-approved loan offers, and personalized services.

Types of Medical Practice Finance

Doctor Loan

1. Three unique variants
Doctors can choose from three loan variants – term loans, Hybrid Term Loan, each designed to suit different financial needs and repayment capabilities.

2. No part-prepayment charges on the flexi variant
Flexi variants allow for easy part-prepayment without any additional charges, providing more control over the interest costs.

3. Loan amount of up to Rs. 55 lakh
Substantial loan amounts up to Rs. 55 lakh cater to various needs, from upgrading clinic infrastructure to investing in new technology.

4. Convenient tenures of up to 8 years
Long-tenure options give doctors the leeway to manage repayments without disrupting their financial stability.

Medical Equipment Finance

Loan Amount of Up to Rs. 6 Crore

For major equipment purchases or clinic expansions, doctors can avail of loans up to Rs. 6 crore.

Flexible Tenures of Up to 84 Months

With tenures extending up to 84 months, doctors can plan their finances according to their practice's growth and revenue.

Minimal Documentation

Ease of application is ensured with minimal documentation requirements, making the process fast and hassle-free.

Approval in 24 Hours

Fast-track approval processes enable doctors to make timely investments in their practice.

Eligibility Criteria for a Business Loan for Doctors

To secure a business loan for doctors, you must meet the following eligibility criteria:

You must be an Indian citizen
Your age must be between 22 and 80 years
You must have a strong CIBIL score of 685 or higher
Your degree must be registered with the Medical Council

Documents Required for a Business Loan for Medical Practice

When applying for a business loan for medical practice, you must produce the following documents:

Identity proof (Aadhar card, PAN card, Driving License, Passport, etc.)
Address proof (Aadhar card, rent agreement, utility bills, etc.)
Other KYC documents (letter from NPR, NREGA job card, etc.)
Medical registration certificate

How to Apply for a Business Loan for Doctors?

You can easily apply for a business loan for doctors online. All you need to do is follow these steps:

Step 1: Visit the official website of your preferred lender and navigate to the 'Business Loan for Doctors' section.

Step 2: Verify your eligibility and click on 'Apply Now.'

Step 3: Fill out the online application form with your personal and financial details.

Step 4: Upload the Required Documents and click on 'Submit.'

The lender will verify your application and documents to determine if you're eligible for the loan. Once your application is approved, the lender will sanction the loan amount and disburse it to your bank account.

Applicable fees and charges on our doctor loan

Type of charge	Applicable fee
Rate of interest	11% to 22% per annum
Processing fee	Up to 2.99% of the loan amount
Documentation charges	Up to Rs. 2,360 (including taxes)
Prepayment charges	Foreclosure - Up to 4.72% Part-prepayment - Up to 4.72%
Annual maintenance charges	Up to 0.59%
Bounce charges	Rs. 1,500 per bounce
Stamp duty	As per actuals
Switch fees	Up to 1.18% of the loan amount

*The interest rates and charges are subject to change and vary from lender to lender. For a more accurate value, please visit the official website of your preferred lender.

What our customers say about us

Good service. We received solutions against our query. No suggestions.

AADISH IMPEX PRIVATE LIMITED .

Business Loan | 18 Jun, 2025

All services is good. Please continue with such dedication.

KABYASHRI SONOWAL

Business Loan | 17 Jun, 2025

Good and prompt reply to our queries by telephone and email.

HINDUSTAN VIBROTECH PRIVATE LIMITED .

Business Loan | 16 Jun, 2025

Fully co-operative. Thank you very much for your support till date.

RAJENDRAKUMAR PANCHAL

Business Loan | 07 Jun, 2025

Best service ever. Thank you so much for helping me and also understanding my situations. Thank you once again all Tata family.

NAEEM KAMRUDDIN MOMIN

Business Loan | 05 Jun, 2025

I am very happy, satisfied, and special thanks for helping me.

YOGESH SAGAR

Business Loan | 22 May, 2025

Very good interactive mobile app. Excellent service.

ABC DESIGNS

Business Loan | 22 May, 2025

As far as I am concerned, I found your services up to the mark—no delays and no problems at the time of documentation. It was a good experience.

URMIL NIGAM

Business Loan | 14 May, 2025

Your service is good. All staff are good. In the future, I will definitely take a loan from Tata Capital. Thanks for your support.

HEMAL PRAKASH MEHTA

Business Loan | 11 May, 2025

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Popular FAQs

A loan for a doctor is a specialised loan designed to meet the unique needs of medical professionals. These loans can be used for various purposes such as setting up a new clinic, expanding an existing practice, or purchasing medical equipment.

Doctor loans work similarly to other types of loans. The borrower needs to fill out the application form and submit the required documents. The lender then assesses the borrower's application to determine if they're eligible for the loan. Once the lender approves the loan, they sanction and disburse the loan amount.

Yes, a CIBIL score is important for availing loans for doctors. A good CIBIL score reflects your creditworthiness and repayment history, making it easier to secure a loan with favourable terms.

The maximum loan amount for a doctor loan varies from lender to lender. With Tata Capital, you can avail of a doctor loan amount of up to Rs. 55 lakh.

In India, doctors can get a loan ranging anywhere between Rs. 10 lakhs to Rs. 6 crores. However, this amount varies from lender to lender. So, make sure to check the official website of your preferred lender to determine the maximum loan amount.