Kotak Bank Personal Loan for Doctors

Lenders often favour doctors due to their robust job prospects and their high level of confidence in their market stability. At Kotak Mahindra Bank, eligible applicants can secure a loan amount of up to ₹15 lakh without pledging any of their assets as collateral. The digital application process further enables borrowers to apply online, eliminating the need to visit bank branches and submit physical documents. The bank also ensures that applicants can expect fund disbursement in as little as 48 hours, making it a quick and simple credit option for doctors seeking financial assistance for both personal and professional expenses. Continue scrolling down for further information about Kotak Mahindra Bank doctors’ personal loans.

Kotak Mahindra Bank Personal Loan for Doctors  – Highlights 

Let’s take a look at the key parameters of Kotak Mahindra Bank’s instant loan for doctors:

Compare Kotak Mahindra Bank Doctors Loan From Other Banks

Let’s compare the Kotak Mahindra Bank personal loan for Doctors with other banks and NBFCs in India:

Kotak Mahindra Bank Personal Loan for Doctors  – Fees and Charges 

Let’s examine the fees and charges associated with the Kotak Mahindra Bank Doctors’ Personal Loan:

Kotak Mahindra Bank Personal Loan for Doctors  – Documents Required 

The following are the required documents for an HDFC Doctors Personal Loan:

• Proof of Identity:  Aadhaar Card, PAN Card, Passport, or Driver’s Licence.
• Proof of Address: Passport, Driver’s Licence, Voter ID, or Aadhaar Card.
• Proof of Education: Certificate for the highest professional degree
• Proof of Income: Latest 6 months Bank Statement 
• Proof of Profession/Business: Latest Income Tax Return (ITR), Balance Sheet, and Profit & Loss Account for the last 2 years, certified or audited by a Chartered Accountant (CA).
• Other Mandatory Documents: ​​​​​​​Sole Proprietorship Declaration, Certified Copy of the Partnership Agreement, a Director-certified true copy of the Memorandum and Articles of Association, and a Board Resolution.

Kotak Mahindra Bank Personal Loan for Doctors  – Eligibility Criteria 

Kotak Mahindra Bank doctors’ personal loan eligibility criteria are as follows: 

• You must be aged between 25 and 65 years old.
• You must have at least 4 years of post-degree work experience.
• You must have a minimum income (ITR) of Rs. 1 lakh per annum.
• Your business must have been profitable for the two preceding years.
• You must have a good credit score and repayment history.