Professional Loans for Doctors
Professional loans can be the perfect solution for doctors like you. These loans are specifically designed to help medical professionals finance their professional needs, from purchasing new equipment to funding practice expansions. This blog post will discuss professional loans for doctors in detail. We’ll explore everything you need to know about securing the funding you need to achieve your financial goals.
Being a doctor is a noble profession in society. They are known to be safe and reliable as they meet their financial commitments. So, financial institutions come up with more schemes and offer them the lowest ROI. Let’s get started!
Reasons to Take a Professional Loans for doctors:
Here are some reasons why doctors take out professional loans
- For lab set-up
- Increase bed capacity
- Buying clinical equipment
- Hiring staff
- Renovating clinics
- Upgradation or expansion of health care services
- Procuring healthcare equipment
- Adapting the latest medical technologies
Financial Instruments for Doctors
Financial instruments for doctors include various options such as medical equipment finance, physician loans for practice acquisition, healthcare real estate, and tailored financial solutions. These instruments help doctors manage their finances efficiently, acquire essential medical assets, expand their practices, and build a diversified investment portfolio for long-term financial stability.
Here are some of the best-fit financial instruments for doctors:
- Unsecured Funding
- Working Capital (Secured / Unsecured)
- Equipment Finance
- Project Finance
- Rental Discounting
- Debt Syndication
Documents for Doctors Professional Loan
Professional Loans for Doctors are collateral-free loans that can be availed with minimal required documents. Here are the basic documents required to apply for a doctor’s loan:
- Financial Documents – Last 6 Months Bank Statements and ITR
- Professional Qualification Proof – Degree Certificate
- Address Proof – Electricity bill / Rent Agreement
- KYC Documents – Aadhar Card, Pan Card
- If there is a clinic then ITR, Computation of Income And Last 2 years’ Audited Financial statements are required
Professional Loans for Doctors Eligibility
The eligibility criteria for a doctor’s loan may vary from institution to institution. However, some general criteria that may be considered include:
- Indian nationality
- Good credit score
- Medical degree certificate
- Minimum of 1 year of experience
- Proof of ownership of property
- Age between 25 and 65 years
In addition to these general criteria, some institutions may also require applicants to have a certain level of income or to be a member of a particular professional organization. So, it is important to check the eligibility criteria of the institution you are applying to.
How to get loans for doctors?
To get a doctor’s loan, you are just a call away. You may reach out to Terkar Capital directly to apply for a doctor’s loan. There are only a few steps to follow, As below:
- At first glance, we will learn about your requirement
- Accordingly, ask for the required documents
- After receiving all the required documents we will be discussing with the financial institution to raise the funds
- We will connect you on Google Meet to explain all the possible outcomes and after that with your permission will start the process of fundraising
- Within one week we will complete the process and disburse the amount
Why Terkar Capital for doctors' loans?
At Terkar Capital, we understand the incredible contribution doctors make to our nation’s health and well-being. That’s why we’re dedicated to ensuring finances don’t become a barrier to your important work. Unlike traditional business loans, we offer specialized financing options for doctors, with flexible terms and competitive rates, regardless of collateral availability.
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