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Aditya Birla Capital LimitedAditya Birla Capital Limited (“ABCL”) is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses. ABCL and its subsidiaries/JVs provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 61,600 employees, the businesses of ABCL have a nationwide reach with over 1,690 branches and more than 200,000 agents/channel partners along with several bank partners.
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Personal Loan for Doctors
- Attractive interest rates
- Easy & flexible repayment options
- Easy application process with quick sanctions
What is Personal Loan for Doctors?
A Personal Loan for Doctors is a specialised loan designed to meet the financial needs of medical professionals. Whether you're setting up a private clinic, purchasing medical equipment, funding professional development, or managing personal expenses, this loan offers a hassle-free way to access funds. With quick approvals, minimal documentation, and competitive interest rates, doctors can secure financial support without disrupting their busy schedules. Unlike traditional loans, these are tailored to the income structure of medical practitioners, offering flexible repayment options and higher loan amounts. Whether you are a salaried or self-employed doctor, you can avail of this loan to fulfil your financial goals with ease.
Features of Personal Loan for Doctors
Flexible Repayment Options
Choose a tenure that suits your financial planning, ranging from 12 to 60 months.
Higher Loan Amounts
Get a loan of up to ₹50 lakh based on your qualifications and income.
Quick Approvals
Fast-track loan processing with minimal documentation and swift disbursal.
Tailored for Medical Professionals
Get special loan terms designed to suit the income and financial needs of doctors.
No Collateral Required
Enjoy the benefits of an unsecured loan without pledging any assets.
Reasons To Get a Loan for Doctors from Aditya Birla Capital
Collateral-free
There is no need to pledge any asset to secure the loan. The funds are sanctioned based on your eligibility parameters—that’s all!
Flexible Repayment Period
Choose a repayment tenure of 84 months to ensure affordable EMIs for easy repayments.
Predictable EMIs
With a fixed interest rate, you can figure out your EMIs and plan your budget for hassle-free repayments
Quick Sanctions
Get the funds transferred to your account within 24 hours of application.
Facility to add a co-applicant
Adding a co-applicant to the Personal Loan for Doctors can increase your eligibility. You can also get a higher loan amount for meeting different needs.
Our Offerings
Different individuals have different needs. That’s why we offer different types of personal loans for doctors. Here’s what you can get -
Interest Rates Available for
Loans for Doctors
Find out the interest payable on the Loan for Doctors to plan your repayments effectively.
Loans up to 12 months| Loan Type | Interest |
|---|---|
| The Short Term Reference Rate (STRR) | 19.45% p.a. w.e.f.from March 1, 2024 |
Loans more than 12 months| Loan Type | Interest |
|---|---|
| The Long Term Reference Rate (LTRR) | 20.45% p.a. w.e.f. from March 1, 2024 |
Who Can Apply For a Loan for Doctors?
Find out if you are eligible to apply for a Loan for Doctors
Salaried
Self-employed Professional
Self-employed Non - Professional
How to Apply for Personal Loan for Doctors
Eligibility Criteria for Loans for Doctors
Are you eligible for a Personal Loan for Doctors? Check whether you meet the criteria.
Documents Needed
- Proof of identity and address Passport / Aadhaar Card/ Voter's ID / Driving License/ Job Card issued by NREGA / Registration certificate / PAN card (PAN Card only as identity proof)
- Proof of incomeSalary slip for the last 3 months showing all deductions and Form 16
- Bank statement where income is credited Last 6 months
- Proof of other income Last 3 months' salary slips or Salary certificate. Last 6 months' bank statement where salary is credited directly. Latest Form 16
Eligibility criteria
* A higher age limit is applicable at the time of loan maturity.
Fees and Charges for Loans for Doctors
| Charge Type | Amount |
|---|---|
| Cheque Return charges | ₹500 + GST per instance |
| Default Penal charges | 3% of the pending amount per month |
| Charges for cancellation of Loan | 4% of loan amount disbursed + applicable taxes |
| CIBIL report retrieval fees | ₹100 + GST per instance |
| Charge for Exchanging PDCs / ECS | ₹750 + GST per instance |
| Loan reschedule charges | ₹5000 + GST per instance |
| Stamp Duty | As per Actual if applicable |
| Insurance Premium | As per Actual, if applicable |
| Pre-closure Quote | ₹1000 + GST per instance |
| Any other charges | As per Actual, if applicable |
| Part - Pre-Payment Charges | Charges:
A) Nil Charges - If Part prepayment is equal to 20% of the total disbursed amount in a year B) 3% + GST on Remaining Loan amount - If part payment is greater than 20% of the total disbursed Conditions: A) No pre-payment is allowed in the first 6 months from the date of disbursement B) Part Pre-Payment amount should be equal to OR greater than a total of 3 EMIs. C) Part-prepayment is allowed only once in the first year of loan tenure. |
| Foreclosure Charges |
4% of the Principal outstanding amount + GST
Condition: Foreclosure is allowed only after 12 months from the date of loan disbursal. |
ABC Of Calculators
Your estimated EMI amount
₹ 0Total Interest
₹ 0Total Payout
₹ 0You are eligible for a loan of
₹ 0*EMI @ 9% Interest Rate
₹ 0*Instant Personal Loan INSTANT PERSONAL LOAN SHORT TERM PERSONAL LOAN LONG TERM PERSONAL LOAN
BALANCE TRANSFER LOAN
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Reduced Interest Rates. -
Lower Monthly Payments.
TOP UP LOAN
- Easy application process
- Borrow up to 80% of property value
Different financial needs, different loans, one app - ABCD
For weddings, travel, vehicle purchases, or any other obligation, fulfil any need with personal finance solutions offered by the ABCD app.
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Range of loan options for different needs
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Quick sanctions and disbursals
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Customer Satisfaction Stories
Hear from our happy customers what they have to say about their experience with us.
Seamless onboarding experience and great support provided by the Relationship Manager during the documentation process.
Aditya Birla Housing Finance Customer
Hyderabad, India
I appreciate the online documentation process which helped in ease of my loan process. I could get loan information through WhatsApp and other digital platforms.
Aditya Birla Housing Finance Customer
Belapur, India
Call 1800 270 7000 OR write to us at care.finance@adityabirlacapital.com.
For more details, to know your personal loan eligibility, access the product brochure or to set a meeting with our relationship manager.
The information presented on this page is intended solely for general informational purposes and does not constitute financial, investment, or professional advice. This content has not been authored by, nor does it represent an official communication from, Aditya Birla Capital Digital Limited. It is compiled from publicly available secondary sources, which may be subject to change without prior notice. Readers are strongly advised to conduct their own independent research and seek guidance from licensed financial advisors before making any investment decisions. All investments carry inherent risks, including the potential loss of principal. Past performance is not indicative of future results.
FAQs on Loans for Doctors
Yes, your CIBIL score is an important criterion for availing Loans for Doctors. You need a score of 750+ to be eligible for the loan.
The maximum loan amount would depend on your eligibility parameters. You can use the eligibility calculator available online to find out the maximum loan that you can apply for.
Yes, Aditya Birla Capital offers a seamless online process to apply for a Personal Loan for Doctors and receive funds as soon as possible.
Try to find out the reason for the loan's rejection. If the rejection is due to errors in the application form or incomplete documentation, do what is necessary to get the loan approved. However, you cannot get the loan if the rejection is due to eligibility.
There are no restrictions on the end of the loan amount. The loan is multipurpose and can be used for any financial need.
Depending on their eligibility parameters, Doctors can avail of different types of loans, such as personal loans, home loans, auto loans, etc. If you are looking for a personal loan, Aditya Birla Capital offers two types of loans for doctors: Personal Loan and Flexi Loan.
Estimate the funds needed for your financial needs. Then, check if you have sufficient savings to cover your financial needs. If your savings are short, you can get a loan to fulfil the shortfall.
Some of the potential benefits of taking out a loan as a doctor are as follows -
• You can use the loan for any type of personal or professional needs
• The loan is issued instantly and helps you meet emergencies
• The loan increases your purchasing power
• The interest rates are low, and the repayment tenure is flexible for affordable repayments
To get the best interest rate on a personal loan for doctor, compare the loans offered by different lenders. Also, having a good credit score also helps in getting a lower interest rate on the loan.
Yes, you can use the loan to establish your own clinic. The loan funds can be used in any way you like.
You should consider a personal loan for doctors to fulfil your financial needs when you don’t have enough savings. The loan is sanctioned quickly, has a simple application process and gives funds to meet multiple needs. Moreover, no collateral is required for the loan and you can repay it affordably over a flexible tenure.
Yes, you can get a loan on your MBBS degree provided you have a source of steady income and you fulfil the eligibility parameters specified by the lender.
Doctor Loans offered by Aditya Birla Capital are unsecured personal loans that do not require any collateral security. So, if you opt for these loans, you will not have to pledge any security for availing the loan.
Yes, foreclosure is allowed under Aditya Birla Capital’s Doctor Loans. You can foreclose the loan after 12 months of availing it. A foreclosure charge is also payable for the same.