Indian Bank Personal Loan for Doctors

Indian Bank Doctors Personal Loan is a specialised financial offering designed exclusively for doctors. It comes under IB professional schemes and addresses their unique financial needs. This loan scheme can be used for personal purposes such as setting up or renovating an office, purchasing consumer durables and household articles, celebrating family functions, and covering other personal or household expenses. With competitive interest rates, flexible repayment options, and quick processing, this loan provides doctors with timely financial assistance for various personal and professional expenses.

Indian Bank Personal Loan for Doctors – Highlights 

Some key highlights and features of the Indian Bank Doctors Personal loan are listed below

Compare Indian Bank Personal Loan for Doctors Loan From Other Banks

Here is the comparison of Indian Bank personal loans for Doctors with the offerings from other banks.

Indian Bank Personal Loan for Doctors – Fees and Charges 

Below is a table outlining the fees and charges associated with the Indian Bank Doctors Personal loan.

Indian Bank Personal Loan for Doctors – Documents Required

To initiate the loan application process, applicants must provide the following documents as per the bank’s requirements:

• Salary slips or income tax returns for the last few months, Income certificates from employers or audited financial statements for self-employed doctors.
• Employment letter or contract from the hospital or clinic, Medical council registration certificate.
• Aadhar card, utility bills in the name of the applicant, and rental agreement (if applicable).
• PAN card, Aadhar card, Passport, Voter ID card.

Indian Bank Personal Loan for Doctors – Eligibility Criteria 

Applicants have to meet the following eligibility criteria to obtain the Indian Bank Personal Loan for Doctors

• Medical professionals must have a minimum annual income of Rs. 7.50 lakhs to qualify for the Indian Bank Lakh Personal Loan for Doctors.
• Applicants must be between the ages of 21 and 70 years to be eligible for the loan.
• Doctors need to provide proof of their recognised qualifications, such as medical degrees or certifications.
• Medical professionals must provide evidence of their current employment status, including employment letters or contracts.