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Karur Vysya Bank Personal Loans for Doctors
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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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Table of Content
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:
- Visit the official website of Urban Money.
- Navigate to the ‘Personal Loans’ section.
- Select the ‘Doctors Personal Loan’ option.
- Click the ‘Apply Now’ button to fill in the required information.
- Submit your application and wait for confirmation.
- 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?
Is a guarantee required for a Karur Vysya Bank Doctors Personal Loan?
Can I apply for a Karur Vysya Bank Doctors Personal Loan online?
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