Professional loan for Doctors

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Like white-collar workers, medical professionals or doctors need adequate loans to stay up-to-date on the most recent healthcare procedures and treatments. At various points in a physician’s career, the money might be used to build their medical practice, set up a clinic, buy expensive medical equipment, or rent hospital space.

Terkar Capital is aware of this and provides doctors with or without collateral loans to assist them in achieving their financial objectives. Our doctor loans are designed to be adaptable and affordable. They also provide several appealing benefits, such as quick disbursement, a customisable repayment period, and no foreclosure fees.

Key Features of Professional Loan for Doctors

Eligibility to Apply for a Professional Loan for Doctors

The applicant should possess a recognized medical degree such as MBBS, MD, MS, or equivalent.
May require professional experience often ranging from 3 to 5 years in medical practice.
An age range of 25 to 65 years A good credit history and score is essential.
The doctor should be registered with the respective medical council in India.

Documents Required to Apply for Professional Loan for Doctors

Securing a professional loan for doctors depends on submitting the necessary documents. The success and duration of the loan application process are directly affected by the availability and accuracy of the required documents.

The highest professional degree confirms qualification.
MCI Registration Proof
KYC Proof: Aadhaar, Passport, Voter ID, Driver’s license, and PAN cards
Address Proof: Aadhaar, Passport, Voter ID, or a Driver’s license
A six-month bank statement.
CA certified/audited ITR and financial statements for the past 2 years. Proof of continued operation (ITR, trade license, establishment certificate, sales tax certificate).

Additional Required Documents, such as the Sole Proprietary Declaration Certified Copies of the Partnership Agreement
Director-certified original copy of MOA, AOA, and Board Resolution.

Benefits of Doctor's loans

Purchase office equipment Consolidating your high-interest debts
Adopting the most recent medical technologies
Expanding or improving your current clinic
Expand clinic services and hire qualified staff

Terkar Capital for a professional loan for Doctors

Terkar Capital understands the specific financial requirements of doctors and offers flexible and affordable doctor loans to set up clinics, increase bed capacity, purchase medical equipment and other expenses.

Our doctor’s working capital finances are designed to be versatile, providing benefits such as rapid disbursement, a tailored repayment period, and no foreclosure fees. Doctors can use their property as collateral to obtain unsecured business loans with us, which can help them achieve their financial goals.

Learn from medical equipment financing guide to improve healthcare facilities.

How do we Execute?

Here’s the execution process to avail of professional loans for doctors smoothly at Terkar Capital.

What sets us apart?

1. Fast Turnaround Time

Our commitment to excellence is evident in the tangible quality of our work, as demonstrated by our successful execution of finance projects well in advance of scheduled timelines.

2. Confidentiality

We comply with the highest professional confidentiality standards. All client information is discussed in strict confidentiality.

3. Competitive ROI

With our assistance, you’ll gain access to a network of lenders who offer comparable terms and the most favourable interest rates tailored to your specific requirements.

4. Hassle-free Processing

We create a stable ownership structure for financiers by establishing a secure transaction process.

5. High Level of Integrity

Our reputation is steadfastly built on reliability, integrity, and honesty. We establish personal connections with our clients, emphasizing transparency and accountability.

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FAQs

1. Is CIBIL score important for availing doctor loan?

Indeed, banks take into account your CIBIL report and repayment history when deciding how much money to lend you.

Get your Free CIBIL Score & Report instantly.

2. What are the charges for prepayment of a doctor’s loan?

Prepayment penalties for doctor’s loans may vary by lender and terms.

3. Is a loan against property available for doctors?

Yes, by mortgaging their property, doctors can profit from this financing opportunity. Depending on the mortgaged property, a loan amount of up to 5 cr may be offered.