A Doctor’s Loan is a specialized financial product designed exclusively for medical professionals such as MBBS, BDS, and specialist doctors. It is offered by banks and NBFCs to support their personal and professional needs—whether setting up a clinic or hospital, buying medical equipment, managing working capital, renovating practice space, or even for personal expenses.

These loans can be secured or unsecured based on the amount and purpose.

Advantages of Doctor’s Loan

Exclusive for Medical Professionals

Tailored to suit the financial needs of doctors with minimal

documentation and faster approvals.

High Loan Amount

Doctors can avail of loans up to ₹2 crores or more, depending on profile and purpose.

Flexible Usage

Can be used for setting up a clinic, buying diagnostic equipment, working capital, vehicle purchase, or personal use.

No Collateral for Smaller Loans

Many lenders offer unsecured loans up to ₹50 lakhs with no requirement for property or asset as security.

Attractive Interest Rates

Lower than regular personal or business loans due to the high earning potential and low default risk of medical professionals.

Quick Processing

Simplified paperwork and faster disbursement timelines.

Flexible Repayment Tenure

Repayment options ranging from 12 months to 10 years with customized EMI plans.

Tax Benefits

Interest paid on business-related loans may be eligible for tax

deductions under the Income Tax Act.

Eligibility Criteria

Eligibility may vary by lender, but general criteria include:

Qualification

MBBS / BDS / BHMS / BAMS / BPT / MD / MS / MDS / DM / MCH or equivalent recognized degree.

Experience

For new practitioners, some banks allow loans based on potential income.

Minimum 1 year of post-qualification experience (for some lenders).

Age

Maximum: 65 years (at loan maturity)

Minimum: 22–25 years

Registration

Must be registered with the Medical Council of India or State Medical Council.

Income

Must show stable income or business revenue (for self-employed doctors).

Documents Required

KYC Docments:

PAN Card

Aadhaar Card

Passport-sized photographs

Address proof (Utility bills, Passport, Voter ID)

Professional Documents:

Degree certificates (MBBS, BDS, MD, MS, etc.)

Medical registration certificate (MCI/State Medical Council)

Work experience certificate (if applicable)

Financial Documents:

For Salaried Doctors:

Latest 3–6 months’ salary slips

Form 16 / Income Tax Returns (last 2 years)

Bank statements (last 6 months)

For Self-Employed Doctors/Clinic Owners:

Income Tax Returns (last 2–3 years)

Audited financials of clinic/hospital

Bank statements (personal and business) – last 6–12 months

Clinic ownership/rent agreement (if applicable)