ICICI Bank Personal Loan for Doctors

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Written By
Utsah Sharma
Utsah Sharma
Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.
Reviewed By
Amit Prakash Singh
Amit Prakash Singh
Co-Founder, Square Yards & Chief Business Officer, Urban Money
Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

The ICICI Bank Doctors Personal loan provides for a wide range of personal expenses of doctors, nursing staff and other medical professionals. Whether setting up your own clinic, pursuing higher education or making new purchases, the personal loan can be used for various purposes. With Urban Money’s fast services, avail up to 50 lakhs without any collateral submission.

The ICICI Bank Doctors Personal loan interest rate starts at 10.50% p.a. Read ahead as we discuss the complete details ranging from eligibility criteria and documentation process to much more. 

ICICI Bank Personal Loan for Doctors – Highlights 

Here is a quick overview of the ICICI Bank Doctors personal details.

Loan Amount Up to 50 lakhs
Interest Rate (p.a.) 10.50%-16.00%
Type of Interest Rate Fixed
Loan Tenure Up to 7 years
Collateral Requirements NIL
Digital Applications Available
Pre-Apprved Loans Available

Comparing ICICI Bank Personal Loan With Other Banks 

Almost every major bank and NBFC in India offers personal loans for doctors. Find out how ICICI Bank Doctor’s instant loan compares with its competitors.

Lender Interest Rate (p.a.) Loan Tenure
Bank of India 10.25% onwards 7 years
Citibank 10.75% onwards 5 years
Kotak Mahindra Bank 10.99% onwards 6 years
L&T Finance  12% onwards 4 years
Kredit Bee 16% onwards 2 years

ICICI Bank Personal Loan for Doctors – Fees and Charges 

Other than the ICICI Bank Doctors Personal loan interest rate, a borrower is required to pay the following charges:

  1. Processing Fee: ICICI Bank charges up to 2.50% of processing fee plus GST.
  2. Goods and Services Tax: An 18% GST applies to all loan-related banking services.
  3. Additional Interest: A 24% additional annual interest is charged on late payments.
  4. Other charges: Verification charges, stamp duty and other charges may also apply. 

ICICI Bank Personal Loan for Doctors – Documents Required 

The ICICI Bank Doctors Personal Loan Document requirements are as follows:

  1. Duly filled loan application
  2. KYC Documents, including ID proof (Aadhar card/ Driver’s License) and residence proof (Utility bills/ Aadhar Card)
  3. Audited Income Proof for the last 2 years
  4. 6 months’ bank statements
  5. Proof of business ownership
  6. Address proof of business 

ICICI Bank Personal Loan for Doctors – Eligibility Criteria

Find the complete list of ICICI Bank Doctors Personal loan eligibility criteria below:

  • Eligible Candidates: Doctors and other medical staff
  • Age Limit: 25-65 years 
  • Minimum Monthly Income: 30,000 for salaried employees/ as specified by the bank for self-employed 
  • Minimum Work Experience: 3 years
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