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Doctor Loan

Collateral Free Loan up to 1 Cr
Interest rates starting at just 11% p.a.*
Quick Funding up to 30 Lakhs
with minimal documentation
Extended Tenure of 84 months
Funding options available for Hospitals
& Diagnostic Centers

Apply Now

Doctor Loan EMI Calculator

Loan amount

₹10L ₹1 Cr

Loan term in months

12 Months 48 Months

Choose the Interest Rate

11% 25%

Your EMI will be

₹2,174/Lakh

*Doctor loan calculator is only for illustration purposes. For actual calculations refer to your Repayment Schedule & Loan Agreement.*T&C Apply

Overview
Benefits
Eligibility
Rate
How to apply
Blogs
FAQs

Apply Now

What is a Doctor Loan

A doctor loan is a specialised financial product designed exclusively for qualified medical professionals such as MBBS, MD, BDS, BAMS, and others. It offers collateral-free professional loan to help doctors meet various professional and personal financial needs like setting up a clinic, upgrading medical equipment, managing cash flow, or consolidating debts. IDFC FIRST Bank offers a dedicated doctor loan for you, to meet your unique professional and personal financial requirements. With loan amounts ranging from ₹5 lakhs to ₹1 crore, flexible repayment tenure up to 84 months, and zero collateral requirements, doctor loans from IDFC FIRST Bank enables you to access funds without dipping into your savings.

Whether it’s to expand your clinic, invest in new diagnostic technology, or manage operational expenses, our doctor lending solutions are crafted to offer maximum flexibility and ease. The process is digital, swift, and backed by transparent charges—making it a reliable solution for professional finance needs. At IDFC FIRST Bank, we understand that finance for doctors must be as seamless and efficient as your medical practice.

Benefits of a Doctor Loan

Discover how a doctor loan from IDFC FIRST Bank can support your aspirations:

No Collateral Required

Enjoy unsecured business loan access to funds up to ₹1 crore without pledging any asset, helping you focus on growing your practice without worrying about pledging any collateral.

Multipurpose Usage

Make the most of your loan proceeds and use the funds for clinic expansion, renovation, equipment purchase, medical education, or personal needs without any usage restrictions.

Quick Processing & Disbursal

Benefit from a digitised application process with minimal paperwork, quick verification, and fast loan approval and disbursal, ensuring timely access to funds.

Flexible Loan Tenures

Repay your loan over a repayment tenure that ranges from 12 months up to 84 months, comfortably aligning your EMI payments as per your finances.

Customised Offers

Enjoy special loan offers based on your qualifications and credit profile. Get a truly tailored lending solution just for your personal or operational requirements.

Features of IDFC FIRST Bank Doctor Loan

A doctor loan from IDFC FIRST Bank is designed with medical professionals in mind, ensuring flexibility, convenience, and reliability:

Collateral free loan amounts starting from ₹5 lakhs to ₹1 crore

Extended loan tenures ranging from 12 to 84 months

Competitive interest rates starting at just 11% per annum

100% transparent fees and charges

Quick funding for loans of up to ₹30 lakhs for doctors with minimal documentation

Loans also available for hospitals and diagnostic centres

Eligibility Criteria for Doctor Loan

To apply for an IDFC FIRST Bank doctor loan, you must meet the following basic criteria:

Eligibility Criteria for Doctor Loan

Eligible Degrees: MBBS, MD, BAMS, BHMS, BDS, MDS, Veterinary Science, and Physiotherapy professionals are eligible.
Minimum Age: 23 years (21 years if the parent is in the same profession)
Maximum Age: 68 years at loan maturity
Professional Background: Both salaried and self-employed doctors, diagnostic centres, and medical institutions can apply.
Financial Stability: A stable income and banking record as per the lending criteria set by the bank.

Documents Required for Loan for Doctor

For a smooth loan application, ensure you have the following documents:

Salaried Professionals:

KYC documents: Photo ID and address proof
Degree Certificate and Registration
Last 3 months' bank statement
Employee ID card
Proof of residence ownership

Self-Employed Professionals / Clinic Owners:

KYC documents: Photo ID and address proof
Medical Qualification & Registration
Business Proof: GST certificate/Shop Act License/ITR/MOA-AOA
Ownership proof of residence or clinic
Financials:
- Basis Banking: 1-year ITR + 12 months’ bank statement
- Basis Degree: 3 months’ bank statement
- Basis Income: 2 years ITR, financials + 12 months’ bank statement

Interest Rates & Charges of Doctor Loan

Enjoy competitive pricing tailored to your profile.

Rate of Interest Starting at 11%*
Processing Fee Up to 3.5% of loan amount
Stamp Charges As per applicable state laws
Late Payment Charges2% 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

Final rate depends on your credit score, qualifications, and repayment capacity.
Check out the full list of professional fees and charges regarding an IDFC FIRST Bank doctor loan.

How to Apply for a Doctor Loan?

Applying for an IDFC FIRST Bank medical doctor loan is a quick and convenient process. Follow these simple steps:

Step 1

Click on 'Apply Now'

Step 2

Submit the required details

Step 3

Our representative will contact you within 24 hours

Step 4

Your application will be evaluated for eligibility

Step 5

Once verified, get the loan amount in your bank account

Blogs

How to Use a Business Loan EMI Calculator Efficiently

06 Sep 2023 | 5 mins read

Guide to Business Loan Types, Benefits & How to Apply

10 Nov 2021 | 5 mins read

Avoid These 6 Mistakes When Applying for a Business Loan

06 Sep 2023 | 5 mins read

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Tips on How to get a Business Loan Approved

18 Aug 2021 | 5 mins read

Know more

Doctor Loan FAQs

Who can apply for a Professional Loan?

We offer our loans for professionals, including loans for doctors, to many individuals and entities. Here’s a detailed list of who can apply:

· Graduate Allopathic Doctors

· Post Graduate Allopathic Doctors

· BDS/ MDS

· Veterinary Doctor

· Physiotherapists

· BAMS, BHMS

· Diagnostic Centres & Hospitals

· CA, CS, Architects

· Consulting Engineers

Is this Professional Loan an unsecured loan?

Yes, it is an unsecured loan

What is the minimum work experience required to apply for a Professional Loan?

You will need to have a minimum of 5 years of work experience to apply for a Professional Loan.

What are the features of this loan?

Below is a list of some of the many features you can access under this loan:

· Collateral-free loan up to ₹1 crore

· Instant loan up to ₹30 lakhs based on professional qualifications

· Extended loans for professionals tenure up to 84 months

· Competitive interest rates

· Superior customer experience with easy documentation and processes

· Funding for salaried professionals

· Unique loan transfer and top-up facility

What are the age requirements to apply for a Professional Loan?

An applicant should be a minimum of 28 years old and a maximum of 68 years at the time of loan maturity.

(Although if your parents are in the same profession, the age norm has been relaxed to a minimum of 23 years)

More FAQs

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Drop a ‘Hi 👋’ on 9555 555 555

Call us on 1800 10 888

Locate our nearby

Doctor Loan

Doctor Loan EMI Calculator

₹2,174/Lakh

Overview

Benefits

Eligibility

Rate

How to apply

Blogs

FAQs

What is a Doctor Loan

Benefits of a Doctor Loan

No Collateral Required

Multipurpose Usage

Quick Processing & Disbursal

Flexible Loan Tenures

Customised Offers

Features of IDFC FIRST Bank Doctor Loan

Eligibility Criteria for Doctor Loan

Eligibility Criteria for Doctor Loan

Documents Required for Loan for Doctor

Salaried Professionals:

Self-Employed Professionals / Clinic Owners:

Interest Rates & Charges of Doctor Loan

How to Apply for a Doctor Loan?

Step 1

Step 2

Step 3

Step 4

Step 5

Blogs

How to Use a Business Loan EMI Calculator Efficiently

Guide to Business Loan Types, Benefits & How to Apply

Avoid These 6 Mistakes When Applying for a Business Loan

Tips on How to get a Business Loan Approved

Doctor Loan FAQs

Who can apply for a Professional Loan?

Is this Professional Loan an unsecured loan?

What is the minimum work experience required to apply for a Professional Loan?

What are the features of this loan?

What are the age requirements to apply for a Professional Loan?

What is the loan amount for which a customer can apply for a professional loan?

What is the provision for any unforeseen event post availing professional loans from IDFC First Bank?