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Loan for Doctors


  • A doctor wanting funds to meet your personal & business needs? Think of applying at these top lenders
  • You can get maximum loan with flexible repayment options

The person who cures you also has some financial needs. Yes, we are talking about Doctors. Several private and public sector banks give loans to doctors for buying various surgery equipment and meeting their personal needs. Read on to know the features and benefits of doctor loans in this article. 

Loan for Doctors in India

HDFC Bank: Doctors can avail a maximum of INR 75 lakh and above from HDFC Bank. The bank provides a lower interest rate and longer repayment duration. HDFC Bank Doctor loan tenure is a maximum of 60 months and payment can be made in Equated Monthly Installments (EMI). The interest rate will start from 12.50%.

ICICI Bank:  ICICI Bank provides adequate loan to doctors under the Doctor loan scheme, subject to them meeting the eligibility criteria. The interest rate starts from 12.99% per annum. And, the EMI duration is up to 5 years for all the eligible applicants. 

Axis Bank: Doctors can get a loan up to INR 50 lakh from Axis Bank. The repayment duration is up to 60 months. And, the interest rate of Axis Bank Doctor Loan is 14.25% per annum.

State Bank Of India: Borrow a maximum of INR 2 crore from SBI under Doctor Plus scheme. The interest rate on your term loan will be dependent on the bank’s base rate. SBI base rate is 8.45%. The repayment duration for the loan amount is maximum 7 years. 

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Doctor Loan Interest Rate & Fees

Bank Interest RateProcessing Fee Prepayment/ Foreclosure Charges
SBI11.20%-16.60%50% off on SBI card ratesNIL
HDFC12.50%-15.65%2.50% of principal amount + GST2%-3% of the outstanding after 6 EMIs
ICICI12.99%-17.00%2% of loan amount + GST4%-5% of outstanding after 12 EMIs
Axis14.25%-21.00%2% of loan + GSTNIL

Necessary Documents for Doctors Loan

The documents required for this loan can be different from the regular loans. Check out below the documents doctors need to submit while applying for the loan.

ID Proof: Aadhar Card, PAN Card, Driving License, Passport, etc.

Qualification Details: Medical qualification in allopathic discipline, MBBS, BDS, BAMS, BHMS, BYNS, etc.

Income Proof: Bank Statement for the last 6 months, Income Tax Return (ITR) Report, etc. 

Permanent Address Proof: Electricity bill, Telephone bill, Rent Agreement, etc.

How to Get a doctor loan?

You can visit the bank branch or its official website to apply for a doctor loan.

Offline Loan Process for Doctor Loan

  • Visit your nearest bank branch and ask for the loan application form
  • Mention your personal and professional details in the form
  • Submit the form along with necessary documents, passport size photographs

Online Process for Doctor Loan

  • Go to the official bank website and log in to your account
  • Select Doctor Loan from the loan category and click on “Apply”
  • Fill the online application form and upload the documents
  •  After that click on “submit”. 

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