Professional Loan for Doctors in India
Running a medical practice takes more than skill—it needs financial support. A professional loan for doctors offers quick funds to set up clinics, buy equipment, pay staff, and cover daily expenses.
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Instant Approval
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Affordable Rates
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Collateral Free
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Flexible Terms
Last Updated: 23 July 2025
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Professional Loan for Doctors EMI Calculator
What is a Professional Loan for Doctors?
A doctor loan is a professional financial product designed specifically for medical practitioners. This loan provides doctors with money for professional requirements like establishing a new clinic, procuring better medical equipment, enlarging practice, or financing operational costs. Unlike universal business loans, such loans are developed with flexible repayment terms, low interest rates, and easy eligibility conditions to fit doctors' finance profile and reputation.
Top Features and Benefits of Doctor Loan
Big Loan Amounts:
You can borrow up to ₹75 lakh instantly.
Collateral-Free:
Most lenders offering loan for doctors in India do not ask for collateral, making such loans convenient and easy to apply for.
Flexible Payback Tenure:
Repayment periods range from 12 to 96 months so you can choose what tenure is best for your cash flow and needs.
Fast Approval and Disbursal:
Smooth loan processes make for fast approval and fund disbursal, typically within 24–48 hours.
Favourable Interest Rates:
Interest rates of loans for medical doctors start from 10.49%–10.75% per annum.
Minimum Documentation:
Basic documents such as medical registration, ID proof, degree, and finances only.
Balance Transfer Facility:
Lighten your EMI burden by transferring your current doctor loan to a lender with better terms.
Insurance Option:
Some lenders provide credit protection schemes to safeguard your family against outstanding dues.
Eligibility Criteria for Doctors to Avail a Loan
Eligibility to avail a loan for doctors in India with My Mudra is simple. Here are the requirements:
- You must have a valid higher medical degree, such as MBBS or BDS, registered with the Medical Council of India or concerned authority.
- You should be between 22 and 72 years old at loan maturity.
- You need to have a minimum of 2 years of post-qualification experience.
- You need to earn the minimum annual income amount as specified by the lender (often ₹1 lakh or more).
- A CIBIL score of 700 or above is usually needed to obtain the best loan for doctors in India.
Documents Needed for Doctor Loan
Get ready with these documents to make the application process hassle-free:
- Proof of Qualification: Degree certificate and registration of a doctor.
- KYC Documents: Aadhaar card, PAN card, passport, voter ID, or driving license.
- Address Proof: Utility bill, rent agreement, or similar.
- Income Proof: Bank statements, ITR for the last 2 years, or salary slips (for salaried doctors).
- Photograph: Recent passport-size photograph.
- Business Proof: For self-employed doctors, documents such as a clinic registration, a GST certificate, or a shop establishment proof can be required.
How to Apply for a Doctor Loan Online?
Procuring a professional loan for doctors from My Mudra is easy and completely digital:
- Check Eligibility: Look at the lender's eligibility requirements and confirm if you qualify.
- Online Application: Go to the professional loan for doctors page on our website and click on the 'Apply Now' link. Enter your personal, professional, and financial information.
- Document Upload: Upload scanned documents through the My Mudra portal for verification.
- Verification: We authenticate your documents and credentials online. You can see the status of your application online itself.
- Approval & Disbursal: Once approved, the loan amount is credited to your bank account in 24–48 hours.
Use My Mudra’s EMI Calculator for Doctor Loan
Planning your payment is important. A wise borrower never fails to check EMIs prior to borrowing. But determining your EMIs becomes tedious. Fortunately, we've got a solution! Use the doctor loan EMI calculator to determine your monthly EMIs and analyse your payment capacity. You just need to fill in your total loan amount, interest rate per annum, and tenure. It immediately displays your EMI, assisting you in planning your budget without any surprises.
Top Banks/NBFCs Providing Loan for Doctors
| Lender | Maximum Loan Amount | Interest Rate (Approx.) | Tenure |
|---|---|---|---|
|
HDFC Bank |
Up to ₹75 lakhs | From 10.75% p.a. | 12–72 months |
|
Axis Bank |
Up to ₹50 lakhs | From 10.49% p.a. | Up to 60 months |
|
IDFC First Bank |
Up to ₹1 crore | Competitive | Up to 84 months |
|
Bajaj Finserv Bank |
Up to ₹80 lakhs | 11%–19% p.a. | Up to 96 months |
|
Kotak Mahindra Bank |
Up to ₹1 crore | Competitive | Flexible |
Types of Professional Loans for Medical Professionals
- Clinic Setup Loan: To set up a new clinic or expand an existing one.
- Equipment Finance: Purchase or upgrade diagnostic equipment, dental chairs, or surgical instruments.
- Working Capital Loan: Cover everyday expenses, employee salaries, or inventory.
- Balance Transfer Loan: Transfer your current doctor loan to a lender with improved terms.
- Personal Loan for Doctors: For personal purposes or business purposes, without any usage restrictions.
Why Choose My Mudra for Doctor Loans?
At My Mudra, we assist physicians in acquiring quick, flexible, digital, and low-cost finance solutions. Our website is crafted to ease the process of loan-taking for busy medical professionals. This is how we stand out:
- Quick Online Application: Apply within minutes from home or your clinic.
- Minimal Paperwork: Upload only necessary documents.
- Personalized Offers: Get the loan for doctors based on your profile.
- Transparent Process: We have clear terms without any hidden charges.
- Dedicated Support: We assist you at every step, so you can concentrate on your patients
- Competitive Rates: We ensure you get the most competitive professional loan for doctors interest rate.
Ready to grow your practice?
Get the best loan for doctors in India with competitive professional loan for doctors interest rates and instant approval. At My Mudra, we make loans for medical doctors easy, transparent, and fully online. Whether you need an instant loan for doctors to expand your clinic, buy advanced equipment, or manage working capital, our professional loan for doctors solutions are designed just for you.
Hear from Our Satisfied Doctors
Dr. Arjun Mehta, Cardiologist
Verified Customer“I was expanding my clinic and needed funds quickly. My Mudra’s professional loan for doctors had a simple process and excellent rates. I got approved faster than I expected!”
Dr. Priya Sharma, Dentist
Verified Customer“Finding the best loan for doctors can be tricky, but My Mudra made it easy. Their team explained every step, helped with documents, and got me an instant loan at a great rate.”
Dr. Sameer Khan, General Practitioner
Verified Customer“I was worried about paperwork and delays. My Mudra’s instant loan for doctors was seamless. Very professional service and competitive interest rates.”
Dr. Anjali Patel, Pediatrician
Verified Customer“Setting up my own practice needed serious investment. My Mudra offered the perfect loan for doctors in India with flexible repayment and clear guidance. Highly recommend them!”
FAQs on Professional Loan for Doctors in India
Who can apply for a professional loan for doctors?
Any eligible medical professional like general physician, dentist, surgeon, or specialist registered with the concerned medical council in India.
What is the maximum loan amount I can avail?
My Mudra provides instant loan of up to ₹75 lakh. Based on your profile and lender, you might even get up to ₹1 crore.
Do I have to pledge collateral to get a doctor loan?
Most medical doctor loans are unsecured and do not need collateral.
What is the usual professional loan for doctors interest rate?
Interest rates typically range from 10.49%–10.75% per annum and go up to 19% based on your credit history and lender.
How quickly can I receive the money?
With instant loan for doctors, you can get money in 24–48 hours after the approval.
