Indusind Bank Personal Loan for Doctors

Being a doctor is rewarding on a personal level. Still, regarding professionalism and finances, everything comes to a natural zone. Regardless of their profession, every individual is categorised as salaried and self-employed. Thus, IndusInd Bank offers a special loan to doctors. Whether they work for a hospital or run their own clinic, you can get a loan in no time. Doctors can borrow up to ₹50 lakhs, which they can pay back over 1 to 5 years. The best part? They don't need to put up any collateral, like property or other assets, to get the loan. This makes it easier for doctors to get the financial support they need without any hassle. Scroll down to seep into the details of the loan. 

IndusInd Bank Personal Loan For Doctors – Highlights

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IndusInd Bank  Personal Loan For Doctors – Fees And Charges

Here is a structured table for fees and charges of IndusInd Bank personal loans for salaried and self-employed doctors:

IndusInd Bank  Personal Loan For Doctors – Documents Required

Here is a comprehensive list of documents doctors need for a personal loan:

For Salaried Doctors:

• Proof of Identity (Aadhaar, PAN, Passport)
• Proof of Residence (Utility bills, Rent agreement)
• Proof of Income (Salary slips, Bank statements)
• Medical Registration Certificate
• Educational Certificates

For Self-Employed Doctors:

• Proof of Identity (Aadhaar, PAN, Passport)
• Proof of Residence (Utility bills, Rent agreement)
• Income Proof (ITRs, Profit & Loss statements, Bank statements)
• Medical Registration Certificate
• Educational Certificates

IndusInd Bank  Personal Loan For Doctors – Eligibility Criteria

Here’s a look into the eligibility criteria and requirements for medical practitioners seeking a personal loan with IndusInd Bank:

Salaried Doctors:

• Employment: Must be employed in a government or private hospital or a healthcare facility.
• Experience: A minimum of 5 years of post-qualification experience is required.
• Income: A consistent income, evidenced by salary slips and bank statements, to ensure repayment capability.
• Age: Between 25 to 65 years at loan maturity.
• Credit Score: A good credit score indicates creditworthiness.

Self-employed Doctors:

• Professional Stability: Must have been practising for at least 5 years post-qualification.
• Income Proof: Income should be verifiable through ITR filings, bank statements of the practice, and any other relevant financial documents.
• Age: The age range is usually between 25 to 65 years at the time of loan maturity.
• Business Stability: The practice should be profitable and run for a minimum period as defined by the bank.
• Creditworthiness: A healthy credit score is essential to demonstrate a good track record of credit usage and repayments.