HSBC Personal Loans for Doctor

HSBC Bank, a global financial entity, offers a diverse range of banking and financial services aimed at addressing the needs of various customer groups. Among its products, the HSBC Personal Loan for Doctors is a bespoke financial solution for medical professionals. This loan supports doctors by offering interest rates starting at 9.99% p.a. and flexible repayment terms of up to 5 years. With no collateral required and minimal documentation, HSBC simplifies financial management for doctors.

HSBC Personal Loan for Doctor – Highlights 

Here are some highlights of HSBC personal loan designed for doctors:

Eligibility Criteria for HSBC Doctor Personal Loan

Eligibility criteria for an HSBC Doctors Personal Loan include being a licensed medical professional (such as an MD, DO, DDS, DVM, etc.) practising within the operational cities of the bank. Applicants must demonstrate a stable income and a satisfactory credit history to qualify.

Documentation Required for Loan Application:

• A duly completed application form.
• Recent passport-sized photograph.
• Valid proof of identification (e.g., PAN card, Aadhaar card, Passport).
• Proof of residence (e.g., utility bills, driver’s licence).
• Proof of qualification and medical licence.
• Recent bank statements and financial details demonstrate income stability.

HSBC Personal Loan for Doctor – Fees and Charges 

HSBC Personal Loan for Doctors includes several fees and charges:

• The processing fee is up to 2% of the loan amount.
• If you choose to repay your loan early, foreclosure charges apply 5% within the first year, 4% within two years, 3% within three years, and 2% thereafter.
• There is no requirement for collateral or a guarantor.
• HSBC might have nominal documentation fees and charges for late payments.

How to Apply for an HSBC Personal Loan for Doctors?

Fast-track your HSBC Personal Loan for Doctors with Urban Money! Simply visit our website’s personal loan section, select “HSBC Personal Loan”, and hit “Apply Now.” Enter your info and confirm via OTP, and we’ll be in touch for documents. Easy!

Alternatives to HSBC Personal Loans for Doctor

Alternative options to HSBC Personal Loans for Doctors, which cater to the unique financial needs of medical professionals, include:

1. PNB Doctor’s Delight – Offers loans at interest rates between 10.40% and 11.40%, specifically designed for doctors.
2. BOI Star Personal Loan – Doctor Plus – Available at a 10.85% interest rate and is tailored for medical professionals.
3. IDFC First Bank Professional Loan—This loan is available to doctors, CAs, CSs, and architects, and the interest rate is 10.99%.
4. SMFG India Credit Personal Loan for Doctors – Previously known as Fullerton India, offers loans starting at 11.99%.

Bajaj Finance Personal Loan for Doctors – Starts at 11.00%, offering competitive terms for doctors.