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Doctor Loan

About Doctor Loan

Need to pay your doctor? At Loanzbazar we help you pay the amount

Becoming a doctor can be pretty expensive. Irrespective of the field of medical science that you're pursuing, you must know that the cost can be pretty high. While you may think that you can pay the doctor's course fee, sometimes it can be tough.

If you aim at becoming a doctor, you should be ready to manage the costs as well. If you are unable to do so, you can consider taking a loan. There are different companies that allow aspiring medical practitioners to take a loan.

Loan Amount

25,000

25,00,000

Rate of interest

11.00%

36%

Loan Tenure

6 Months

72 Months

Calculated EMI*

What is a doctor's loan? Know about it at Loanzbazar

A doctor's loan is a financial aid or loan that helps the medical practitioners or doctors manage their expenses. Becoming a doctor in India is pretty high considering the high expenses. If you get into a government college, you can manage the costs. However, the cost of pursuing the same in private colleges can be high.

At Loanzbazar we understand your needs and therefore help you overcome the challenges. We help you apply for the doctor's loan seamlessly without any negative benefits. We understand all the costs that may be involved in the process and help you cover it.

Check Loan Eligibility at loanbazar

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Benefits of applying for loan from LoanzBazar

Pursuing a medical degree can be expensive. Sometimes it can be tough to manage your expenses. Therefore, a doctor's loan can help you manage the costs.

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Instant approval

Loanzbazar helps you get instant approval for your loan application within 2-3 days.

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Flexible Repayment Option

Pay the EMI as per your flexibility. After a period of regular six months of payment, you can switch to either higher repayment options or lower. .

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Higher Loan Amount

We check your eligibility and provide you the loan from Rs 50,000 to Rs 10 lacs.

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Longer Loan Tenure

The tenure for paying back the loan is pretty high. Our loan tenure will vary from 6 months to 60 months.

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Minimal document

At Loanzbazar we require very minimal documents to apply for the doctor's loan. Submit your educational documents and we will take it forward. .

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Transparent Process

We help to maintain transparency of your documents. At LoanzBazar customize your loan. There are no hidden charges.

Documents to Apply for a Doctor Loan

When applying for a Doctor loan, you will need to submit the following documents:
  1. PAN Card
  2. Identity proof (Aadhaar Card, Driving licence, Passport, Voter ID, etc.)
  3. Signature Proof (Passport, PAN card, etc.)
  4. Address proof (Passport copy, Aadhaar card, driving licence, utility bill – gas or electricity bill, Voter ID ,ration card, rent agreement, etc.)
  5. Bank statements of the past 6 months
As a salaried individual, you additionally need to submit the following:
  • As a salaried individual, you additionally need to submit the following:
  • Income Tax Returns for the last 2 years
  • Doctor proof (License, registration certificate, GST number)
  • IT Assessment OR Clearance Certificate
  • Income Tax Challans OR TDS Certificate (Form 16A) OR Form 26 AS for income declared in ITR
Please note that depending on your individual profile and Fullerton India’s policy at the time of loan application, additional documents may be requested.

Loanbazar Doctor Loan Eligibility

  • You must be a Salaried Employee
  • Age: 23-55 years old
  • Net Monthly Income must be more than Rs. 20,000.
  • No defaults in the last 24 months.
  • You must be residing in Delhi/NCR, Bangalore, Pune, Chennai,Mumbai or Hyderabad.

What does a doctor's loan cover?

The doctor's loan at Loanzbazar helps the medical practitioners cover for their cost. If they have any extra costs to be maintained, at Loanzbazar we will provide the loan as per the coverage and ensure the goal is met.

Flexible Repayment options

Final installment options for a loan will be decided based on your profile and inputs.

Doctor Loan

Repayment done via Fixed Equated Monthly Installments, where EMI=Principal + Interest. Each Installment reduces both interest and Principal amount. Ideal when: You know the precise Loan Amount needed and your income is consistent.

How to apply

Avail our personal loans through your preferred platform and enjoy unmatched convenience at your fingertips…

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Via Website

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Via Our App

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Via WhatsApp

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Via Call

Choose from the doctor's loan at Mumbai, Pune, Navi Mumbai, Thane, Delhi and Bangalore.

Our doctor's loan interest rates will vary depending on the bank account you hold. Our doctor's loan is available in Mumbai, Thane, Delhi, Bangalore, Pune and Navi Mumbai.

Bank Name Rate of Interest for Salaried Employee
HDFC Bank 10.99% - 17.85%
Axis Bank 11.99% to 24%
ICICI Bank 10.99% - 17.85%
Standard Chartered Bank 11% - 16%
IndusInd Bank 14% - 16%
Kotak Bank 11.50% - 24.00%
Bajaj Finance 14.25% - 16.75%
HDB Finance 14% - 21%
Fullerton Finance 13.00% - 24.00%
State Bank of India 11.00% - 17.65%
IDFC Bank 10.99% - 17.85%
IDFC Bank 10.99% - 17.85%
Tata Capital 13.50% - 18%
Yes Bank 12.50% - 16.00%

FAQs

You submit the documents and we go through it. The approval for the loan is given in 2-3 days.

Please go through the process of applying for a doctor's loan via the steps mentioned above. .

The eligibility criteria for marriage loan is given in the sections above. Go through it..

The two wheeler loans are available in Mumbai, Pune, Navi Mumbai, Thane, Delhi and Bangalore.

If you are confused in the process of applying for doctors loans, we can assist you in the process. the professionals are readily available to help you.