What's Hot

    How to Buy Bitcoin with Credit Card without Verification

    August 25, 2023

    Exotic Trading Indicators That Boost Your Results

    August 25, 2023

    Investing in Technology Stocks

    August 22, 2023
    Pizza TimePizza Time
    • Home
    • Platform
    • Brokers
    • Analysis
    • Guide
    • Tips
    Pizza TimePizza Time
    Home»Business»An Overview of Doc Loan Requirements
    Business

    An Overview of Doc Loan Requirements

    GpostingBy GpostingMarch 20, 2023
    aba financing min
    Share
    Facebook Twitter LinkedIn Pinterest Telegram WhatsApp Email

    If you are a professional in the healthcare industry, then you know the fact that setting up a thing of your own requires a good amount of funds. Being a physician for over a decade, I recently planned to start my practice here in Gurugram, Haryana and realized that I need some extra funds.

    This was when one of my associates told me about a doc loan that is quite a good deal for professionals like us. It offers a lucrative interest rate and is flexible, making it a good deal to grab.

    Table of Contents

    • What is a doctor’s loan?
    • What are its advantages?
      • ●      Easy to avail
      • ●      Competitive Rate of Interest
      • ●      Education Importance
    • What are the eligibility criteria?
    • How to get a doc loan?
    • Conclusion

    What is a doctor’s loan?

    As the name suggests, it is a financial instrument that helps doctors in their financial matters. This type of loan is typically designed for professionals that, includes doctors, dentists, and veterinarians and offers several benefits tailored to the unique financial needs of such professionals.

    Compared to traditional loans, this loan type has more relaxed lending requirements, including lower down payments and credit score requirements, higher loan amounts, competitive interest rates etc.

    What are its advantages?

    ●      Easy to avail

    With just a few taps on your internet-enabled smartphone, you are more than good to go! The overall online application process is relatively easy and can be completed from your comfort zone. Moreover, it is environmentally friendly as it is done digitally and requires less paperwork.

    ●      Competitive Rate of Interest

    Doctor loan interest rate is quite lucrative and offers a good deal if you use the right application. This ultimately helps the professionals to save a lot of money over the loan life.

    ●      Education Importance

    While applying for this type of loan, the lender first considers the educational qualification of these professionals. Therefore, only a standard amount is approved for the individual who has completed their MBBS. However, if an individual has specialized knowledge and has been practising in the field for a long time, a higher loan amount is approved.

    What are the eligibility criteria?

    Nationality – Indian

    Age – 22-72 years

    CIBIL Score – 685 or higher

    The degree should be registered with the medical council.

    Identity proof, such as a PAN Card, Aadhaar Card or Passport, is required. Further, a medical registration certificate is also required.

    How to get a doc loan?

    Here, I’d like to share my personal experience. A few months ago, when I was looking for some financial help, my associate told me about the Bajaj Finserv application. The major plus point here was that only with this app I would receive the funds directly to my account without even travelling to any bank/financial institution.

    1.   Download the official Bajaj Finserv application

    2.   Sign up with your mobile number

    3.   On the home page, you’ll see the ‘Loans’ section below the search bar.

    4.   Tap on it and go to ‘Loan for Doctors’

    5.   Choose as per your requirement

    Conclusion

    If you are planning to go for a doctor loan, keep in mind that the doctor loan interest rate is nowadays very favourable, making a good deal not to miss. Moreover, these instant funds can help you grow professionally as well as personally.

    Previous ArticleHow to Fix Common Drain Problems
    Next Article Why Choose King Kongxo for Your Slotxo Gaming? The Advantages are Second to None
    Avatar
    Gposting

    Related Post

    The future of ETF trading in Singapore: Emerging trends and opportunities

    August 16, 2023

    Risk management in stock trading: protecting your capital

    June 15, 2023

    How To Buy BTC With Debit Card

    September 8, 2022

    Leave A Reply Cancel Reply

    Top Posts

    How to Buy Bitcoin with Credit Card without Verification

    August 25, 2023

    Exotic Trading Indicators That Boost Your Results

    August 25, 2023

    Investing in Technology Stocks

    August 22, 2023
    Learnforexblog.com © 2023 2022 All Right Reserved
    • Privacy Policy
    • Contact US

    Type above and press Enter to search. Press Esc to cancel.