IDFC Personal Loan for Doctors

Get in Touch for Personal Loan Expert Advice

Connect with our Personal Loan Advisor Now!

Personalized Personal Loan solutions
Expert guidance
Application assistance
Credit score discussion
Personal Loan Interest rate comparison

Full Name

+91Mobile No.

Choose City

I agree to the Terms and Conditions of TUCIBIL and hereby provide explicit consent to share my Credit Information with Urban Money Private Limited.

Written By

Amrita Sinha

Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal finance.

Reviewed By

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.

Understanding the unique needs of doctors, IDFC FIRST Bank Doctors instant loan recognises the financial demands that come with your profession. Whether it’s ongoing education, setting up a clinic, or upgrading medical tools, IDFC FIRST Bank Doctors Personal Loan has designed customised loans just for you.

They aim to help you achieve your financial goals without touching your savings. With no need for collateral, a reasonable Doctors Personal loan interest rate, and quick approval, our Doctor’s loan makes it hassle-free for you to manage your financial requirements. Be it renovating your home, purchasing new medical equipment, or consolidating debts; our loan offers a convenient and accessible solution tailored for doctors like you.

IDFC FIRST Bank Personal Loan for Doctors – Highlights

As a dedicated healthcare professional, your financial needs are unique. IDFC FIRST Bank understands the challenges you face and is committed to providing tailored solutions. Our Doctor’s loan is designed to empower you with hassle-free and flexible financing options. Here are the key highlights:

Highlights	Details
Multi-purpose Professional Loans	Versatile financing to meet diverse needs
Collateral-free funding	Access funds up to Rs. 1 Crore without collateral
Transparent Charges	Clear and straightforward fee structure
Extended tenure	Flexible repayment period of up to 7 years

Compare Doctors Loan from Other Banks

Explore the competitive landscape as we examine and compare the doctors Loan options from other banks, allowing you to make an educated decision on an IDFC FIRST Bank doctors personal loan online.

Lender	Rate of Interest (p.a.)
IDFC FIRST Bank	12.99% To 17%
PNB Doctor’s Delight	10.40% – 11.40%
BOI Star Personal Loan – Doctor Plus	10.75%
IndusInd Bank Medical Loan	10.49% onwards

IDFC FIRST Bank Personal Loan for Doctors – Fees and Charges

The various fees and charges that come with the loan are as follows:

Items	Charges	Remarks
Processing Fees	Up to 3.5% of the loan amount	Taken at the time of loan agreement execution
Repayment Instrument Swap Charges	₹500	Per the repayment change request
Duplicate No Objection Certificate / No Due Certificate	₹500	Request in addition to the bank’s issued letter
Other Statutory / Mortgage Creation Charges / Facilitation Charges	On actuals	As applicable for each state for the creation of a mortgage
Cancellation & Booking Charges	– Before cheque encashment: ₹10,000	For cancellation after disbursal
	– Post cheque encashment/RTGS cases: ₹10,000 + Interest from the date of disbursement
Physical Repayment Schedule	₹500
Physical Statement of Loan	₹500
Cheque Swap Charges	₹500
Late Payment / Penal Charges / Default Interest / Overdue (per month)	2% of the unpaid EMI or ₹300, whichever is higher
EMI Pickup / Collection Charges	₹350
EMI Bounce Charges	₹400	For each presentation dishonoured

Please note: All IDFC FIRST Bank Doctors personal details are subject to change, and applicants are advised to refer to the latest schedule of charges provided by IDFC FIRST Bank.

IDFC FIRST Bank Personal Loan for Doctors – Documents Required

The following IDFC FIRST Bank Doctors Personal loan Documents are required to apply for the loan:

Salaried Professionals

Photo identity proof, address proof: As per RBI defined KYC guidelines.
Education Proof- Degree certificate, Degree registration
3 Months Bank Statement
Employee ID Card
Residence Ownership proof

Self Employed professionals and Entities such as Hospitals, Diagnostic centres

Photo identity and Address proof: As per RBI defined KYC guidelines
Education Proof- Degree certificate, Degree registration
Ownership proof of residence or office as applicable
Business Proof: Shop Act License/MOA & AOA/GST registration/ITR, Partnership Deed.

Any one of the additional documents as per program

Basis Banking – 1 year ITR & Computation, 12 months banking
Or Basis Degree – 3 months of banking
Or Basis Income – 2 years ITR & financials, 12 months banking

Note: Ensure that all documents are up-to-date and adhere to the specified requirements. The additional documents are to be submitted based on the selected program for the loan application.

IDFC FIRST Bank Personal Loan for Doctors – Eligibility Criteria

The loans, tailored for professionals including doctors, are available for a diverse range of individuals and entities to apply for an IDFC FIRST Bank Doctors personal loan online. The following IDFC FIRST Bank Doctors Personal loan eligibility outlines those who are eligible to apply:

Graduate Allopathic Doctors
Post Graduate Allopathic Doctors
BDS/ MDS
Veterinary Doctor
Physiotherapists
BAMS, BHMS
Diagnostic Centres & Hospitals
Chartered Accountants (CA)
Company Secretaries (CS)
Architects
Consulting Engineers

If you fall into any of the categories mentioned above, you are eligible to apply for our specialised professional loans to meet your financial needs.