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What is a doctor loan and how to apply for it?

Key Takeaways

  • Key Takeaway ImageA doctor loan is a specialised form of professional loan to cater to the business requirements of qualified medical professionals.
  • Key Takeaway ImageDoctor loans can be used to finance the establishment of a clinic, acquisition of medical equipment, or addressing the financial requirements of an established medical practice.
  • Key Takeaway ImageThese are unsecured loans, so no collateral or guarantor is needed, making them suitable for independent professionals.
  • Key Takeaway ImageIDFC FIRST Bank provides collateral-free professional loans up to ₹1 crore with flexible repayment terms and limited documentation requirements.
05 Sep 2025 by Team FinFIRST

Being a doctor is a big responsibility, and sometimes it comes with bigger financial needs. If you're going to start your own practice, upgrade your medical equipment, or hire more staff, funding in time can be the difference between success and failure. That's where a doctor loan, also known as a professional loan, is worth considering.

Here, you’ll learn what a physician loan is, and how to apply through IDFC FIRST Bank using a simple, structured process.

What is a doctor loan?
 

A doctor loan is a custom type of professional loan provided for qualified medical practitioners including doctors, dentists, and specialists. This loan is formulated to cater to business-related requirements such as establishing a new clinic, increasing practice capacity, or investing in advanced medical equipment.

Why opt for IDFC FIRST Bank for doctor loans?
 

If you're considering taking a professional loan for a doctor, here's why IDFC FIRST Bank should be your go-to choice.

  • IDFC FIRST Bank offers collateral-free professional loans of up to ₹1 crore, which helps ensure that you get funding without mortgaging personal or business assets.
  • You can also acquire quick funds of up to ₹30 lakhs with minimal documentation to meet urgent needs.
  • Your eligibility is determined through your banking history, GST returns, and the CIBIL profile to ensure efficient approvals.
  • The bank offers competitive interest rates starting at 11% p.a., and flexible tenures of up to 84 months, making it easier for you to conveniently repay the loan amount.
  • You can use the business loan EMI calculator to calculate your monthly instalments based on the loan amount, tenure, and the interest rate applicable.
  • With a streamlined digital process, the bank keeps documentation minimal and disbursal fast and convenient.

A healthy practice begins with healthy financing.

How to apply for a doctor loan
 

If you intend to apply for a doctor loan from IDFC FIRST Bank, the process is simple:

  • You need to first submit the loan application along with supporting documents.
  • The bank will subsequently verify the submitted documents to assess the completeness and authenticity of your application.
  • If your application is sanctioned, the loan amount will be disbursed to your bank account.

Conclusion
 

Knowing what a doctor loan is and how you can leverage it for your medical practice is key to financial independence as a healthcare provider. Be it establishing a new clinic or expanding an existing one, a professional loan at IDFC FIRST Bank provides you the ease, speed, and convenience you require.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.

The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirstbank.com for latest updates.