What are the documents required to avail a Personal Loan for Doctors?

Doctors are required to submit their medical certificate and post-qualification papers, along with the basic identity proofs such as Aadhar card and PAN card linked to your mobile number. In the absence of your Aadhar card, submit passport/driving license/utility bills.

How long does it take to get a personal loan for Doctors?

Once the document processing is done and verified, it doesn’t take more than 48 hours to disburse loan for Doctors.

What are Personal Loan Eligibility Criteria for Doctors?

Personal loan eligibility for Doctors depends upon their income/salary, and ability to repay the loan in the given tenure.

Loan For Doctors

Personal loan for Doctors, physicians and medical staff is exclusively designed to meet their unique professional and personal goals through timely finance.It includes advanced educational expense, business expansion or renovationinvestment, upgraded clinical equipment bills, wedding costs and vacation expenditure.Doctors also opt for personal loan often to maintain a cash flow or to buy a new property for setting up a clinic or a hospital. With loan amount being disbursed to your account, personal loan application is 100% hassle-free for Doctors.

Doctors and individuals involved in a medical profession have an unpredictable and occupied schedule each day. Finding time to visit the bank branch for loan application is a time-consuming task. Doctors can go the smart way of personal loan application through instant loan apps and credit portals/websites. Here, you can easily apply for personal loan in seconds and get quick disbursal within 24 to 48 hours.

Simply Cash is an instant personal loan app best suggested for physicians and medical professionals. Launched by HeroFinCorp, Simply Cash is customised to offer ease of loan application, paperless documentation and quick approval. Download Simply Cash from Google Play Store to get started with the personal loan process.

Apply for Personal Loan

Features and Benefits of Personal Loan For Doctors

Customized Interest Rate

Depending upon the medical personnel/Doctors’s profile and income slab, interest rates are charged accordingly. This ensures suitable interest is applied that doesn’t make loan a burden to repay

Stress Free from Collaterals

Personal loan being unsecured has no requirement of mortgaging assets or property against a loan. This is one of the reasons why personal loan takes less time for approval.

Personalised Loan Management

Instant loan app in mobile phones enable Doctors to easily manage their loan application, documentation and status of loan. Managing loan related work through instant personal loan app is quick amidst the busy schedule.

Ease of Documentation

Photo copies of mandatory documents are no longer required as documents are added in a digital format. Upload soft copies or enter authorised codes given on the personal documents such as the Aadhar card number, PAN number etc.

Automated EMI Deduction

Doctors will not have to remember payment of EMIs every month. Due to the automated debit option, the EMI will be deducted automatically and payments will not be missed.

Eligibility Criteria for Personal Loan for Doctors

Personal loan eligibility for Doctors depends upon income/salary, and ability to repay the loan in the given tenure:

1

Doctors’s graduation certificate and post qualification experience
2

Doctors should own a house, clinic or a hospital
3

Medical registration certificate
4

Details of an active bank account where the salary/income gets credited
5

Proof of business

6

Doctors’s age should be between 21 years to 58 years
7

Identity Proof (Aadhar card/Passport/Driving License)
8

Address Proof (Ration card/Passport/ Electricity bill/Telephone bill/)
9

Income Proof (Bank account statement, 6months salary slip, Income tax return file)

Depends from lender to lender.

How to Apply for Personal Loan for Doctors

Go the instant way of applying for personal loan online:

Install apersonal loan app in your android phone through Google Play store
Register using your email id or mobile number.
Fill in the loan application form, consider the mandatory fields
Use the loan EMI calculator to derive a suitable EMI. Use the slider to flexibly change the variables.
Upload the loan pre-requisites – Aadhar Card, Mobile number linked to Aadhaar (for OTP), PAN Card and Bank account details
On verification, the loan approval and disbursal are done within 48 hours

7 Factors that can influence the interest rate of your Personal loan

Personal loan is an unsecured loan type available with a collateral-free feature. Hence, financial companies charge a higher rate of interest on personal loans to earn more profits in a shorter span of time. As personal loans do not demand any asset or property as a collateral so a fixed rate of interest is charged throughout the loan tenure.

Summer Fun: Finance Your Holiday with a Personal Loan

Summers are the best time to unwind. This is an ideal vacation period where schools and colleges are also on a long break. So, family holidays are maximum on the go! Honeymooners, couples or even a bunch of friends can enjoy their leisure time during summers at exotic beach destinations around the world. Travel and tourism companies bring summer holiday