Know Your Doctors Loan:
A doctor’s loan is a specialized financial product designed to meet the unique financing needs of medical professionals, including physicians, dentists, and healthcare practitioners. This type of loan offers tailored features such as higher loan amounts, flexible repayment terms, and competitive interest rates. Medical practitioners can use these funds for various purposes, including setting up or expanding their practice, purchasing medical equipment, covering education expenses, or meeting personal financial needs. Lenders often consider the stable income and professional credibility of doctors, making the application process smoother. Doctor’s loans aim to support healthcare professionals in managing their financial requirements efficiently.
Eligibility Criteria for Doctors
Eligible Profile: Resident Indian
Employment: Consultants, physicians, practicing professionals working in a government, private hospital or a clinic
Age Limit: Applicants’ age should be between 21 years and 70 years
Minimum credit score: Doctors having credit scores of 750 or above have higher chances of availing personal loans
Salary/Income: The minimum net annual salary required is Rs 5 lakh
Practice Vintage: Minimum 2 years of post-qualification experience
The applicant should be staying at the current place of residence for continuous 2 years (not applicable to government doctors)
Note: Some lenders also allow medical students to avail Doctors loan, subject to certain terms and conditions. Also, the above information is indicative and may differ across lenders
Documents Required for Loan Application:
- Duly filled application form with passport-sized photographs
- Proof of Identity (Passport/ Voter ID/ PAN Card, etc.)
- Proof of Residence (Ration card/ Utility Bills/ Rental Agreement / Passport / Bank Statement or Passbook)
- Proof of Age (PAN Card, Passport, any other certificate from a statutory authority)
- Proof of Income
Form 26 AS / ITR / Form – 16 in case of self-employed professional
Salary slips in case of salaried doctor
Bank Statements / Bank Passbook - Proof of employment
- Last degree certificate and medical registration certificate
- Proof of Signature
All applicable charges will be determined in accordance with the policies and regulations of the respective Bank and Non-Banking Financial Company (NBFC). The fees and charges associated with services, transactions, or financial products will be subject to the terms and conditions set forth by the specific institution. It is advisable to carefully review the fee structure, interest rates, and any other associated costs provided by the Bank or NBFC before availing any services or entering into financial agreements. Additionally, for the most accurate and up-to-date information, it is recommended to directly contact the institution in question or refer to their official documentation.
FAQs
Brzlego India provides Direct Selling Agent (DSA) services for a variety of loans, including Personal Loan, Home Loan, Business Loan, Education Loan, Loan Against Property, Doctor’s Loan, Car Loan, Two-Wheeler Loan, and Plot Loan.
Brzlego India has partnerships with ICICI Bank, HDFC Bank, LIC HFL, Chola, Aadhar Housing Finance, Fullerton Financial, Utkarsh Small Finance Bank, Jana Small Finance Bank, Lendingkart, and Faircent.
You can apply for a loan through Brzlego India by contacting our team or visiting our website. Our expert team will guide you through the application process.
Brzlego India offers a wide range of loans, including Personal Loan, Home Loan, Business Loan, Education Loan, Loan Against Property, Doctor’s Loan, Car Loan, Two-Wheeler Loan, and Plot Loan.
No, Brzlego India is not a financial institution. We are a Direct Selling Agent (DSA) facilitating loan services through our partner banks and financial institutions.
While credit scores are considered, each case is unique. Contact our team, and we will explore the options available for you.
The required documents vary based on the type of loan. Generally, proof of identity, address, income, and property documents are needed. Our team will guide you through the specific requirements.
The approval time varies depending on the type of loan and the documentation provided. We strive to ensure a quick and hassle-free approval process.
Yes, many of our partner banks allow prepayment of loans. However, terms and conditions may apply. Please check with our team for details.
We are transparent about the charges associated with loans. Our team will provide you with a clear understanding of all applicable fees and charges.
We are transparent about the charges associated with loans. Our team will provide you with a clear understanding of all applicable fees and charges.
EMI Calculator
Monthly EMI
Total Interest Payable
Total Payment
(Principal + Interest)