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As a doctor, you need a considerable amount of capital if you are planning to open your own clinic or nursing home, or if you plan to upgrade your existing workspace. Moreover, you will also require funds to buy medical equipment, hire additional staff, handle increased footfalls and other needs of expansion. To bring your ambitious project alive, we offer our unique business loan made for doctors.
Fullerton India’s business loan for doctors is tailor made to support enterprising medical professionals who require instant access to finance. With the advantages of a speedy disbursal process, flexible repayment timelines and the best possible business loan interest rates, Fullerton India’s Business Loan for Doctors is customised to suit the requirements of medical entrepreneurs.
Features And Benefits
Loan up to 50 lakhs*
Get a loan up to 50 lakhs* for various financial needs that are part of your growing practice.
Quick, hassle-free loan application
Our loan application process is very simple and can be initiated online.
Flexible repayment option
Choose a suitable tenure ranging upto 48 months*.
No collateral*
Business loans for doctors are available without collateral or guarantors*
Minimum documentation
No lengthy paperwork required! We can also pick up your documents from your doorstep.
*Terms and Conditions apply
Other Products
FAQs
Is there any age eligibility criterion for me to apply for a Business Loan
You need to be at least 27 years of age to apply for a Business Loan under the 'Self Employed Business Category'. A relaxation of 2 years will be made if you are a non-professional. You cannot exceed 65 years of age at the time of Loan Maturity.
Are there any eligibility criteria that my business entity should meet for me to apply for a loan?
Yes, the annual turnover of your business should be between 10 Lakhs and 100 Crores*. Further, your business needs to be in continuity for the last 3 years showing positive trends in turnover and profit for the last 2 years. Your Income Tax Returns of the last 2 years should reflect taxable income of above 2 Lakhs per annum.
*Should your turnover be above 30 Crores, please refer to the SME Loans section to understand the solutions that are designed for the SME segment.
What is a Business Installment Loan?
Business Installment Loans are the loans, which are used to meet medium term working capital needs.
How can I repay my Business Loan?
You can repay the loan in equal monthly installments (EMIs). The loan can be repaid through post-dated cheques. You can also repay through an ECS mandate to your bank.
* Loans are at the sole discretion of Fullerton India and are subject to guidelines of the Reserve Bank of India. Fullerton India may engage the services of marketing agents for the purpose of sourcing loan assets in certain locations.
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