Federal Bank Personal Loan for Doctors

Federal Bank is pleased to introduce its Personal Loan for Doctors, designed to support medical professionals' financial needs. Whether it's for expanding your practice, enhancing your clinic's facilities, or other professional requirements, the Federal Bank Personal Loan for Doctors service offers a tailored financial solution. We invite medical practitioners to read about this opportunity to secure their financial health with this specialised loan offer.

Federal Bank Personal Loan for Doctors – Highlights

The loan comes with several attractive features:

Compare Doctors Loan of Federal Bank from Other Banks

Here is a table that shows some of the key features and benefits of different banks that offer loans for doctors:

*Please note that the information may vary depending on the eligibility criteria, loan purpose, and other factors. 

Federal Bank Personal Loan for Doctors – Fees and Charges

The loan is associated with the following fees and charges:

• Processing Fee: Up to 3% of the loan amount.
• Prepayment/Foreclosure Charges: Nil for floating-rate loans; 3% for fixed-rate loans.
• Penalty for Delayed Repayment: 2% per month of the overdue amount.

Federal Bank Personal Loan for Doctors – Documents Required 

The documentation process is straightforward, requiring the following:

• Identity Proof
• Residence Proof
• Income Proof: The Latest salary certificate, the last three months’ salary slips, or Income Tax Returns for the last two years.

Federal Bank Personal Loan for Doctors – Eligibility Criteria

To be eligible for this loan, applicants must meet the following criteria:

• Age: Between 25 and 65 years at the time of loan maturity.
• The minimum net annual income required is ₹1 lakh.
• Proven experience in consulting or practising as a doctor.
• Proof of medical registration.