What is a Doctor’s Loan?

A Doctor’s Loan is a specialized financial product designed exclusively for medical professionals such as MBBS, BDS, MD, MS, BAMS, BHMS, and other registered doctors. This loan helps doctors meet professional and personal financial needs like setting up a clinic or hospital, purchasing medical equipment, expanding practice, managing working capital, or personal expenses. Doctor’s loans are usually offered at preferential terms due to the stable income profile of medical professionals.

Benefits of Doctor’s Loan

  • Specially Designed for Doctors: Tailored to meet the unique needs of medical professionals.

  • Higher Loan Eligibility: Better loan limits based on professional income.

  • Lower Interest Rates: Preferential rates compared to regular personal or business loans.

  • Flexible Usage: Can be used for clinic setup, equipment purchase, expansion, or personal needs.

  • Quick Approval & Disbursal: Faster processing with minimal documentation.

  • No or Low Collateral Options: Available as both secured and unsecured loans.

  • Flexible Repayment Tenure: Longer repayment options with affordable EMIs.

Eligibility Criteria for Doctor’s Loan

Eligibility may vary by lender, but generally includes:

  • Applicant must be an Indian citizen

  • Age: 25 to 65 years

  • Profession: Registered medical practitioner (MBBS, BDS, MD, MS, BAMS, BHMS, etc.)

  • Practice Experience: Minimum 1–3 years of professional practice

  • Income Stability: Regular and verifiable professional income

  • Credit Score: Preferably 650 or above

  • Registration: Valid registration with Medical Council / State Medical Board

Documents Required for Doctor’s Loan

KYC Documents

  • PAN Card

  • Aadhaar Card

  • Passport / Driving License / Voter ID

Professional Documents

  • Medical Degree Certificates

  • Medical Council Registration Certificate

Financial Documents

  • Bank Statements (last 6–12 months)

  • Income Tax Returns (last 2–3 years)

  • Profit & Loss Statement (if applicable)

Business / Clinic Documents (if applicable)

  • Clinic / Hospital Registration Certificate

  • Rent Agreement or Ownership Proof of Clinic

Other Documents

  • Passport-size photographs

  • Duly filled loan application form