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Notifications

  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.

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Self-Employed Professional Loan

Unlock your business’ potential with professional loans up to ₹1 Cr

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Flexible repayment tenures extending up to 84 months

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Quick approvals up to ₹30 Lakhs for Doctors and CAs, with minimal documentation

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Specialized financing for salaried CAs and Doctors

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Tailored loans for Hospitals and Diagnostic Centers

Professional Loan

A Professional Loan is your key to unlocking the next stage of your career. It is a specialized, unsecured loan available exclusively to driven professionals like you—whether you are a doctor, chartered accountant, architect, or consultant. This loan empowers you to finance your professional expansion, upgrade your practice, or manage your finances without pledging any assets. Read More

Loan Amount

5 lakhs to 1 Crore

Loan Tenure

12 Months to 48 Months

Interest Rates

Starting at 11%

Benefits of professional loans from IDFC FIRST Bank

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Expand Your Practice

You can improve your services and reach a broader audience by investing in new equipment, hiring additional staff, or expanding your office space.

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Improve Your Cash Flow

Meet unexpected expenses, manage seasonal fluctuations, or invest in marketing and promotion by bridging gaps in your cash flow.

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Manage Debt Effectively

Streamline debt repayment by consolidating high-interest debt into a single loan with a lower interest rate.

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Seize New Opportunities

Take advantage of new business opportunities, such as acquiring a new client or launching a new service, by having the necessary funds readily available.

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Instant Finance for Professionals

Doctors and chartered accountants can get up to ₹30 lakhs in an instant with minimal paperwork.

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Solutions for Salaried Professionals

Salaried doctors and CAs can get loans on a bank statement or income basis.

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Inclusion of Institutional Funding

Hospitals, diagnostic centres, and clinics can also get loans for working capital or expansion needs.

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Seamless Application Process

Completely digital experience with instant approvals and easy documentation.

Features of professional loan

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Collateral free professional loans ranging from ₹5 lakhs to 1 crore

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Flexible repayment terms ranging from 12 to 84 months

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Quick funding for loans of up to ₹30 lakhs based on the professional degree

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Competitive professional loan interest rates starting at just 11% per annum

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Dropline overdraft facility to avail funds from a pre-approved limit

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Loans available for both salaried and self-employed professionals

Eligibility Criteria for Self Employed Business Loan

Who can apply for Professional Loan ?

1. Eligible Professions:
 

  • Physicians: MBBS, MD, BDS, MDS, BAMS, BHMS, Physiotherapists, Veterinarians
  • Other Professionals: CAs, Company Secretaries, Architects, Consulting Engineers
  • Institutions: Hospitals, Clinics, Diagnostic Centres

2. Age Limit:
 

  • Minimum: 23 years (or 21 years if parents are in the same profession)
  • Maximum: 68 years at loan maturity

3. Profitability:
 

  • Positive net worth and cash profits in the last 2 years.

4. Experience:
 

  • Minimum 3-5 years of work experience, depending on the profession.

Documents Required for Professional Loan Application

Following are the professional loan documents are required for loan application

For Salaried Professionals:
 

  • Identity & address proof (KYC)
  • Degree certificate & registration
  • 3 months’ bank statement
  • 3 months of salary slips
  • Employee ID card
  • Proof of residence ownership

For Self-Employed & Institutions:
 

  • Subject & address proof (KYC)
  • Digital degree certificate & registration
  • Office/residence ownership
  • Business Proof: Shop Act/GST /MOA/ITR/Udyam etc.

Income Documents:
 

  • Banking-based: 2 years of income tax returns & computation, last 12 months’ bank statement
  • Degree-based: Last 3 months’ bank statement
  • Income-based: 2 years ITR & financials, last 12 months’ bank statement
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Professional Loan EMI Calculator

10L 1Cr

Months

12 months 48 months

%

11% 25%

You will pay an EMI of only

/-

Apply Now
  • Principal amount ₹10,00,000
  • Interest amount ₹1,86,000
  • Total amount payable₹11,86,000

Interest Rates & Charges of Professional Loan

  • Rate of InterestStarting at 11%*
  • Processing Fee Up to 3.5% of loan amount
  • Stamp Charges As per applicable state laws
  • Late Payment Charges 2% of overdue EMI or ₹300 (whichever is higher)
  • EMI Bounce Charges 7.5% of EMI (minimum charge of ₹400, & maximum charge of ₹1000)
  • Statement Charges ₹500 per NOC copy beyond the original issued by the bank

*At IDFC FIRST Bank, we provide competitive professional loan interest rates based on the customer’s credit profile.

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Dropline Overdraft

A Dropline Overdraft Loan is a versatile financial product that allows you to access a pre-approved line of credit whenever you need it. This facility allows you to utilize amount up to an agreed limit. The withdrawal limit reduces every month till the end of the loan tenure. The interest is levied only on the utilized amount and not on the total amount borrowed. The amount can be deposited to the account anytime to reduce the outstanding balance.

Avail your Business Loan as a Dropline Overdraft Facility and enjoy amazing benefits like interest only on the amount utilized, instant access to funds, collateral free funding up to 1 Crore, and much more.

Key features:

  • 24/7 instant access to funds
  • Continuous access to a predetermined line of credit
  • Flexibility to repay the borrowed amount
  • Pay interest only on the amount utilized
  • Financial security against unexpected financial emergencies

How to Apply for a Professional Loan

Business Loan FAQs

What is a Professional Loan?

A Professional loan is a collateral-free loan offered to self-employed professionals such as doctors, chartered accountants, architects, etc. for the purpose of upgrading their skills, expanding their practice, purchasing equipment, etc.

Which profiles are eligible for a Professional Loan from IDFC FIRST Bank?

What is the range of loan amounts, minimum and maximum, that I can apply for?

What is the minimum and maximum Professional loan tenure offered?

What are the benefits of availing a Professional Loan from IDFC FIRST Bank?

What are the different types of loans offered under Professional Loan?

How does a term loan facility work?

What is a Dropline Overdraft facility and how does it work?

What is the eligibility criteria to apply for an IDFC FIRST Bank Professional Loan?

How do I apply for IDFC FIRST Bank Professional Loan?

What is the loan application process?

Does IDFC FIRST Bank offer insurance for my Professional Loan in case of an unforeseen event?

How will my EMI be calculated?

What are the various charges incurred?

How is Dropline Overdraft different from an overdraft facility?

How is the interest charged on the borrowed amount for a Dropline Overdraft facility?

How does the limit drop for a Dropline Overdraft facility?

Does IDFC FIRST Bank offer insurance for my Professional Loan, in case of an unforeseen event?

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