Doctor Loan

Features And Benefits

Instant Online Approval

Check your eligibility, fill a form online, upload your documents and get instant approval!

Online Account Access

Customised mobile portal to help you manage your doctor loan anytime, anywhere

Money disbursed in 72 hours*

Get the requested funds in your bank account within 72 hours* after your doctor loan is approved.

Affordable Interest Rates

Starting as low as 11.99%*, our personal loan interest rates promise value for your money.

Loan upto ‌30 lakhs*

Get up to ‌30 lakhs* with flexible repayment tenures ranging from 12 to 60 months

*Terms and Conditions Apply

Personal Loan Eligibility Criteria for Doctor

All resident citizens of India, between the ages of 21 years and 60 years and earning a minimum income can avail a personal loan from Fullerton India. Personal loan for doctors is available to both salaried professionals working with an established and doctors with independent practice. If you are salaried, your minimum income should be ₹25,000 (or residents of Mumbai and Delhi), or ₹20,000 (for residents of other locations in India). For self-employed professionals, a minimum annual profit after tax is applicable instead. To know more, visit the personal loan eligibility page.

Doctor Loan Interest Rate

Fullerton India offers personal loans starting at interest rates as low as 11.99% per annum. The interest rate offered to you would vary based on your credit score, existing relationship with us, the total loan amount and tenure, and whether you have an independent practice of work with an establishment. Processing fee of up to 3% of the loan amount is also applicable.

Personal Loan Interest Rate In India - Dec 2020

Personal Loan Interest Rate	11.99% to 36%
Processing Fee	Up to 3% of loan amount
Loan Tenure	Up to 60 months
Lowest EMI Per Lakh	₹2,275 for 60 months
Prepayment Charges	0% to 7%*

*Please click to see more on personal loan interest rates, fees and charges

Documents Required to Avail Doctor Loan

Documents required for personal loans include:

KYC documents such as driving license, Aadhaar card, and voter ID card
Last 2 months’ salary slips (for salaried) or income proof (in you have an independent practice)
Last 3 months’ bank account statements of your salary account (for salaried) or current account (in you have an independent practice)
For more details, check our documentation for personal loans page.

FAQs

What is a Doctor Loan?

A personal loan for doctors or a doctor loan is a collateral-free loan exclusively designed for doctors that can be used for any purpose. For example, you could use it to fund a large purchase or finance your child’s education. You can also use it for business purposes like establishing your own practice.

How do doctor loans work?

The process for availing the loan remains the same as for personal loan. Click on the "Apply now" button on this page to avail an instant doctor loan. Once you have completed the form and uploaded the required documents, you will be given an instant approval online and a customer service representative will get in touch with you for the next steps.

Is this different from Normal Personal Loan?

Here is how Fullerton India’s personal loan for doctors is different from normal personal loans:

Feature	Normal Personal Loan	Doctor Loan
Max. Loan Amount	Up to ₹ 25 lakhs	Up to ₹ 30 lakhs
Interest rates	11.99% - 36%	Preferential interest rates depending on the profile
Tenure	12 - 60 months	12 - 60 months
Processing Fees	Up to 3%	Preferential rates depending on the profile

Is CIBIL Score important for availing loan for doctors?

Yes, you must have a healthy CIBIL score to avail a personal loan from us. The loan amount you are eligible for and the interest rate charged may vary with your CIBIL score. For more information, please get in touch with our representative to explore available options based on your current repayment capabilities.

What are the end uses of a personal loan for doctors?

The end-use of a personal loan for doctors is unrestricted. You can use the loan disbursed to you as you see fit, as long as it is not used for any illegal purposes. Some examples are: