Punjab & Sind Bank Personal Loan for Doctors

Punjab & Sind Bank recognises the unique financial needs of medical professionals and offers personal loans to doctors. These loans are designed to support doctors' professional growth, whether for setting up a new clinic, upgrading medical equipment, or furthering medical education. With competitive interest rates and flexible repayment options, the Punjab & Sind Bank Personal Loans for Doctors ensure that financial hurdles do not hinder medical advancements.

Punjab & Sind Bank Personal Loan for Doctors – Highlights

Some of the important features of the loan are as follows:

Eligibility Criteria for Doctor’s Personal Loan

Punjab & Sind Bank offers personal loans to both salaried and self-employed doctors with the following criteria:

• Professional Qualification: MBBS, BDS, BAMS, BHMS, and other higher medical degrees recognised by the Medical Council of India.
• Experience: Minimum of 3 years in the medical profession post-qualification.
• Income: Sufficient and stable income verified through income tax returns and bank statements.

Documentation Required

• Proof of qualification and registration with the Medical Council.
• KYC documents (ID proof, address proof).
• Income proof (Income tax returns, bank statements).
• Details of existing loans, if any.

Punjab & Sind Bank Personal Loan for Doctors – Fees and Charges

The loan has a nominal processing fee of 0.25% of the loan amount (up to INR 50 Lakhs) and 0.50% (up to INR 2 crore). Additionally, there are no hidden charges. There are also no prepayment penalties, allowing doctors the flexibility to clear their loans as their financial situation improves without incurring extra costs.

How to Apply for a Doctors Personal Loan

Applying for a doctor’s personal loan at Punjab & Sind Bank involves a few straightforward steps:

• Online Application: Visit the Urban Money website and navigate the personal loan section.
• Contact Detail: Fill out the contact detail form.
• Await for a Call: Once you are verified, a loan expert from Urban Money will contact you shortly.

Alternatives to Punjab & Sind Bank Personal Loans for Doctors

Doctors looking for alternative financing options can consider:

• Other Banks: Major banks like HDFC, ICICI, and SBI offer tailored loans for medical professionals with competitive terms.
• Professional Loans from NBFCs: Non-Banking Financial Companies like Bajaj Finserv provide custom loans for doctors, often with quicker disbursement and minimal documentation.

Medical Equipment Financing: Specific loans for purchasing medical equipment are available from specialised financial institutions.