What Is The Eligibility Criteria For Doctor Loan? - Loan Trivia

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Friday, 8 June 2018

What Is The Eligibility Criteria For Doctor Loan?

Doctor loan is an unsecured loan designed for exclusive practitioners with valid medical registration number. It does not require any guarantor or collateral. It can be used to buy assets to help in development of medical facilities or to improve the level of services offered in healthcare.

Eligibility for Doctor Loan


  • Postgraduate doctor (MD/MS/DM/MCH/MDS) with minimum 5 years of post-qualification experience
  • Graduate doctor (MBBS/BDS) with minimum 8 years of post-qualification experience
  • Ayurvedic or a Homeopath (BHMS/BAMS) with minimum 6 years of experience
  • Must own a house, in either their name or have parental property or clinic
  • Gross monthly salary must be Rs. 75,0000 and Rs. 40,000 for tier 1 and tier 2 cities


For doctor loan eligibilty you needed KYC documents, Form 16, 3 month’s salary slip, educational qualification certificates, government approved identity and address proof, proof of property ownership like house or clinic. In case of co-applicant he/she must have government approved identity and address proof and relationship proof with the applicant.

Features of a Doctor Loan

Applicant can avail a maximum loan amount of up to Rs. 30 lakh
You can easily apply online and get instant approval
Minimum paperwork is needed for the doctor’s loan
It is a collateral-free loan
Loan tenure ranges between 12-60 months
The loan can be paid off in lump-sum before the due date or with part-prepayments. Both will incur no additional costs

Also Read : All You Need To Know About Doctor Loans Eligibility Criteria



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