Karur Vysya Bank Personal Loans for Doctors

Karur Vysya Bank offers personal loans for doctors to address their unique financial needs. The Karur Vysya Bank Doctors Personal loan is ideal for covering various personal or professional expenses. With competitive interest rates and a simplified application process, this loan is an excellent solution for medical professionals looking to manage their finances effectively. From setting up a new clinic to handling personal emergencies, the Karur Vysya Bank Doctors Personal loan provides the necessary financial support.

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Written By
Thejus KS
Thejus KS
A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.
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.

Karur Vysya Bank Loan for Doctors – Highlights

Here are the main features of the Karur Vysya Bank Doctors Personal loan:

Feature Description
Loan Amount Up to ₹10 lakh
Interest Rate 11.25% p.a.
Repayment Tenure Up to 60 months
Processing Fee 3% of the loan amount

Eligibility Criteria for Karur Vysya Bank Doctors Personal Loan

Here are the eligibility criteria for qualifying for the Karur Vysya Bank Doctors Personal Loan.

  • Practising doctor with at least two years of experience
  • Stable income
  • Good credit score

Documentation needed for loan application

For the Karur Vysya Bank Doctors Personal loan, the required documents include:

  • Identity Proof: Aadhaar, Passport, Voter ID, etc.
  • Address Proof: Utility Bills, Passport, Rental Agreement, etc.
  • Income Proof: Salary slips, Bank Statements, Form 16, etc.
  • Professional Qualification Proof: Degree certificate, Professional registration certificate.

Doctors Personal Loan for Doctors – Fees and Charges

The Karur Vysya Bank Doctors Personal loan interest rates are designed to be competitive, providing affordability to borrowers.

Fee Type Description
Processing Fee 3% of the loan amount
Prepayment Charges No foreclosure or pre-payment penalties will be charged on retail term loans with a floating interest rate.

How to Apply for a Doctor Personal Loan?

Follow these steps to apply for the Karur Vysya Bank Doctors personal loan:

  1. Visit the official website of Urban Money.
  2. Navigate to the ‘Personal Loans’ section.
  3. Select the ‘Doctors Personal Loan’ option.
  4. Click the ‘Apply Now’ button to fill in the required information.
  5. Submit your application and wait for confirmation.
  6. A representative from Urban Money will contact you to guide you through the next steps

Alternative Options for Karur Vysya Bank Personal Loans for Doctors

While the Karur Vysya Bank Doctors Personal loan is an excellent choice, doctors may also consider these alternatives from Karur Vysya Bank:

Karur Vysya Bank Business Loan

  • Offers higher amounts and flexible repayment options.
  • Suitable for business expansion and working capital needs.

Karur Vysya Bank Gold Loan

  • Provides quick funds against gold ornaments.
  • Attractive interest rates and minimal documentation are ideal for immediate financial needs.

Karur Vysya Bank Mortgage Loan

  • Allows borrowing against property.
  • Offers substantial loan amounts with longer repayment tenures, perfect for large expenses or business investments.

FAQs

What is the maximum personal loan amount available for a Doctor from Karur Vysya Bank?

The maximum personal loan amount available for doctors from Karur Vysya Bank is up to ₹10 lakh.

Is a guarantee required for a Karur Vysya Bank Doctors Personal Loan?

No, a guarantee is not required to obtain a Karur Vysya Bank Doctors Personal Loan.

Can I apply for a Karur Vysya Bank Doctors Personal Loan online?

Yes, you can apply for a Karur Vysya Bank Doctors Personal Loan online through the bank’s official website.

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