Attractive Interest Rate
The interest rate on a doctor's Personal Loan is based on their medical profile and income, ensuring the loan remains manageable and not burdensome.
Need funds to set up a clinic or manage personal expenses? A doctor loan helps you meet both professional and personal financial needs, letting you focus on treating patients and growing your medical practice with confidence.
Instant Personal Loans for doctors are exclusively designed to provide timely finance to healthcare professionals. You might need quick funds for setting up a clinic, purchasing medical equipment, or managing personal finances. 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 from Rs 50,000 to Rs 5 Lakh comes with a competitive interest rate starting 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.
A professional loan for doctors can be a real support for doctors, helping them manage expenses with ease. Here’s why this loan offer is an ideal choice for doctors:
Personal Loans for doctors come with a range of benefits to make borrowing easier and more convenient. Here are some key features that make these loans a great choice for medical professionals:
Eligibility Criteria | Details |
---|---|
Age | You must be between the ages of 21 and 58 years. |
Citizenship | You must be a resident Indian citizen. |
Work Experience | Self-employed must be working in their field for at least 2 years while salaried professionals must have a work experience of at least 6 months. |
Monthly Income | You must have a minimum monthly income of at least Rs 15,000 to qualify. |
The loan process is complete digital, and you only need to keep the following documents handy only for instant verification.
While applying for a doctor loan, it is obvious to be concerned about competitive interest rates and additional charges. After all, they can significantly affect the total loan cost by the end of the term. Knowing the terms and conditions in advance helps you plan better and manage your loan repayments comfortably.
Fees & Charges | Amount Chargeable |
Interest Rate | Starting from 1.58% per month |
Loan Processing Charges | Minimum 2.5% + GST |
Prepayment Charges | N.A. |
Foreclosure Charges | 5% + GST |
EMI Bounce Charges | Rs 350/- |
Interest on Overdue EMIs | 1-2% of the loan/EMI Overdue Amount Per Month |
Cheque Bounce | Fixed Nominal Penalty |
Loan Cancellation | 1. Online loan app does not charge any cancellation charges 2. Interest amount paid is non-refundable 3. Processing charges are also non-refundable |
Before you begin, it’s helpful to understand the process and have your details ready. Here are the easy steps to apply for a professional loan for doctors.
Visit the Hero FinCorp website or download the personal loan app.
Next, click the 'Apply Now' button on the personal loan for doctors page.
Fill in your mobile number and register yourself using the OTP sent to you.
Enter the loan amount.
Complete your KYC verification and verify your income eligibility.
Click 'Submit' to complete your online application and get your loan instantly approved.
*Approval & Agreement: Loan approval is at Hero FinCorp's discretion. By applying, you agree to our Terms & Conditions, Privacy Policy, and Loan Agreement.
*Data Use: You consent to electronic processes and data use for loan assessment, as per our Privacy Policy.
*Security: Keep your account and device secure. Report our customer care for unauthorized activity immediately.
*Grievances: For concerns, refer to our Grievance Redressal Policy.
*EMI Payment: Refer to our T&Cs here*
*RBI Mandate: RBI requires transparent disclosures. Learn more from RBI.