Doctor Loan also referred to as a Physician Loan is a special Loan for professional doctors with a self-owned clinic or those working in a government or private clinic, hospitals and Consultants. A Doctor Loan is taken to serve the financial requirements of doctors looking to expand the scale of operations.
Choose from array of Doctor Loan, customized specifically for the doctor community. Get pre-approved loan for doctors up to Rs. 30 lakh in unsecured and up to 2 Crore in secured and approval in 24 hours. Apply now to get best in class loans for doctors, without any hassle.
We understand your constant need to monitor and manage finances, we have launched tailor made offers for financial need for doctors with a vide spread product range. Home loan for doctors, Personal loan for doctors, Business loan for doctors and Loan Against Property for doctors at your fingertips within 24 hours.
Whether you are a business owner or a professional, Self Employed Personal Loan from Mashreq is ideal to cover all your business and personal financial needs that arise from time to time – be it upgrading your business premises, purchase of office equipments or even pursuing higher education.
Apply for loanThis is a mortgage loan which can be availed by both salaried and self employed doctors against the mortgage of their property. Banks and financial institutions offer this loan against the mortgage of a residential or commercial property to set up a medical clinic, nursing home or to buy medical equipments. Medical Equipment loans are also available against the hypothecation of equipment purchased. Secured loans are also available to purchase ambulances, which have to be registered with RTA (Road Transport Opeartor) and hypothecated in the name of the bank. The loan amount depends on the type of property and the market value of the property of the property as assessed by the bank.
Unsecured loans can be availed without pledging any collateral security. These loans are quick loans and can be availed for a shorter tenure. Beside enhancing your business, you can also take this loan to upgrade your medical equipments or instruments to offer the best possible diagnosis and treatment to the patients. Many banks and finance companies in India offer specially designed and customised unsecured business loans to doctors on the basis of their financial statements.
You can avail a Home Loan of up to `500,00,000 (minimum loan amount `1 lac) but not exceeding 85% of the cost of property (including stamp duty and registration fees) or 80% of market value, whichever is lower. The loan amount can be further enhanced by including an earning co-applicant.
Maximum age of applicant at loan maturity: 60 years
Minimum Net Monthly Income: Rs 15,000
Applicant should have the bank specified credit score.
If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ.
Self Employed Personal Loan (SEPL) is an easy installment personal loan for Self Employed & Professionals which allows you to meet your personal financial needs.
To be eligible for a SEPL, you need to be in business for 2 years and have an annual turnover of AED 360,000 in your personal account and an annual business turnover of AED 1.5 million
Our interest rates are competitive in the market. In addition, there is a one-time processing fee of 1% of the loan amount and 1% p.a. of the loan amount as insurance fee will be applicable
Yes. You may go for an early settlement of your loan. However, this would be subject to pre-closure charges, as applicable.
Now apply for a Home Loan online, All you need to do is provide your details below application form.