About Doctor Professional Loans
Loanpao’s Doctor Professional Loans in Delhi, India, offer unsecured funding for doctors (MBBS, BAMS, BDS, etc.) to expand clinics, purchase medical equipment, or manage expenses. With fast approvals and minimal documentation, these loans empower medical professionals to grow their practice without collateral.
Why Choose Our Doctor Professional Loan?
- Interest Rates: 12% - 18% per annum
- Loan Amount: ₹1,00,000 - ₹75,00,000
- Tenure: 12 - 84 months
- Disbursal within 48 hours
- Unsecured, no collateral required
- Minimal documentation
- Flexible EMI or Flexi Term options
- Special offers for registered doctors
Are You Eligible?
| Criteria | Requirement |
|---|---|
| Profession | Practicing doctor (MBBS, BAMS, BDS, BHMS, etc.) |
| Registration | Valid MCI or state council registration |
| Experience | 2+ years post-qualification |
| Annual Income | ₹4,00,000+ (per ITR) |
| Credit Score | 700+ preferred |
What Documents Do You Need?
- KYC: Aadhaar, PAN, passport, or voter ID
- Medical Registration: MCI or state council certificate
- Degree Certificate: MBBS, BAMS, BDS, etc.
- Income Proof: ITR for last 3 years
- Bank Statement: Last 6 months
- Practice Proof: Clinic lease or utility bill
- Passport-size photographs
Competitive Interest Rates & Fees
| Bank/Lender | Interest Rate (p.a.) | Processing Fee |
|---|---|---|
| Tata Capital | 12.0% - 16.0% | Up to 1.5% or ₹10,000 |
| IDFC FIRST Bank | 12.5% - 16.5% | Up to 1.5% or ₹8,000 |
| Bajaj Finance | 13.0% - 17.0% | Up to 2% or ₹12,000 |
| HDFC Bank | 12.5% - 17.5% | Up to 1.5% or ₹9,000 |
| Axis Bank | 13.5% - 18.0% | Up to 2% or ₹10,000 |
Extra Charges:
- Late Payment Charges: ₹500 + 3% on overdue amount
- Foreclosure Charges: 4% if prepaid within 12 months, else 2%
- GST: Applicable on processing fees
Note: Rates and fees are indicative as of May 2025 and subject to change.
Calculate Your EMI
Enter values and click Calculate EMI to see results.
How to Apply for a Doctor Professional Loan
- Complete the online application with professional details.
- Submit KYC, medical registration, degree, ITR, and bank statements.
- Undergo verification of income and practice details.
- Sign the digital loan agreement.
- Receive funds in your account within 48 hours.
Common Questions About Doctor Professional Loans
What is a Doctor Professional Loan?
An unsecured loan for doctors to fund clinic expansion, equipment purchase, or practice expenses without collateral.
Who can apply?
Practicing doctors (MBBS, BAMS, BDS, etc.) with MCI/state council registration, 2+ years experience, ₹4,00,000+ annual income, and 700+ credit score.
What is the maximum loan amount?
Up to ₹75,00,000, based on income and creditworthiness.
How long does disbursal take?
Within 48 hours after verification.
Is collateral required?
No, these loans are unsecured, based on professional credentials and income.
Can I prepay the loan?
Yes, with 4% charges if prepaid within 12 months, else 2%.
What is the repayment tenure?
From 12 to 84 months, with EMI or Flexi Term options.
Are there special offers?
Apply by 31st May for waived processing fees on loans above ₹10,00,000.
What can the funds be used for?
Clinic setup, medical equipment, working capital, or professional development.
What happens if I default?
Late fees, credit score impact, and potential legal action may apply after due notice.