The HDFC Bank Loans for Doctors offers you financial help up to ₹ 75 lakhs (in select locations). However, the sanctioned amount is based on the credit history of the applicant and the repayment of any previous loans.
Our Loans for Doctors come with convenient and pocket-friendly EMI repayment options.
According to your repayment choice, you can repay loans in easy instalments from 12 to 72 months.
Processing and approval
Our Loans for Doctors requires minimal and simple documentation. Furthermore, at HDFC Bank, we follow a quick process for the disbursal of the loan amount.
Here you will get More detailed information about Business Loans For Doctors
HDFC Bank allows you to reduce the EMIs of your existing professional loan by transferring the balance to HDFC Bank. You can enjoy interest rates as low as 10.75% and processing fees as low as 7999/- + GST.
HDFC Bank offers you a Credit Protect Plan at a nominal premium. This helps to keep your dear one financially secure and free from any worries of paying off debts. The insurance policy will cover the outstanding loan amount, and your family need not bear any brunt.
HDFC Bank assists and responds to queries via SMS, Webchat, Click2Talk PhoneBanking or at physical branches.
The eligibility criteria to apply for the Professional Loans for Doctors by HDFC Bank are as follows:
You ought to be a practising or consulting doctor.
You need to have at least 4 years of working experience post-degree. Physiotherapists need a minimum of 5-year work experience post qualification.
As an applicant, you must be at least 25 years old and under 65 years of age when the loan matures.
At the time of application, you need to project a minimum annual income of INR 1 lakh per annum and your business must be profit-making for 2 previous years.
To learn more about Bank Loans for Doctors provided by HDFC Bank, click right here.
*Terms and conditions apply. Loans for Doctors at the sole discretion of HDFC Bank Limited. Loan disbursal is subject to documentation and verification as per Banks requirement.
To avail of the Professional Loans for Doctors by HDFC Bank, you need to provide basic documents such as:
Qualification proof of the highest professional degree.
MCI Registration Proof
Identity proof – Aadhaar Card/ Passport/ Voters ID card/ Driving License/ PAN Card.
Address proof – Aadhaar Card/ Passport/ Voters ID Card/ Driving License.
Bank Statement of last 6 months.
Latest ITR, along with computation of income, Balance Sheet and Profit & Loss Account for the last 2 years, certified or audited by a CA.
Proof of continuation (ITR/ Trade License / Establishment Certificate/ Sales Tax certificate).
Other Mandatory Documents such as:
Sole Proprietary Declaration
Certified Copy of Partnership Deed
A Director-certified true copy of Memorandum & Articles of Association & Board Resolution (Original)