A doctor loan, also called a physician loan, is a special type of personal finance available to professional doctors and healthcare practitioners. This unique personal loan for doctors helps you meet various financial requirements. You can use it to pay for a professional course, purchase medical equipment, maintain medicine stock, buy office equipment, and more. Doctor loans are not restricted to a single use, so they are highly flexible. What's more, they come with comfortable tenures, nominal processing fees, minimal paperwork, attractive interest rates, speedy disbursal, and do not require collateral or security. Banks and NBFCs extend doctor loans to all certified physicians.

Whether you are a medical practitioner running your own clinic or working in a private or government hospital, you can apply for a variety of loans for doctors in India.
So, how do you find the best product for your needs? Identifying and applying for the right doctor loan can take precious time away from your busy schedule. Time that you can spend helping people get better. With Finbros Capital Advisory, you no longer have to worry about finding the right loan for your needs. With an extensive channel partner network of India’s leading banks and NBFCs, we help you zero in on the best loans for doctors. Our years of expertise in the industry allows us to find the most attractive loan products and bring them to you in no time.

Uses of Doctor Loan

Doctor loans don't come with restrictions on end-use, so they can serve a variety of purposes. Take a look at some common uses of doctor loans.

Purchasing medical equipment

If you run a private clinic, hospice, or nursing home, you need the latest medical equipment to provide healthcare services of the highest quality. A doctor loan can help you finance different kinds of medical/diagnostic equipment that are otherwise expensive.


Buying office equipment

Keeping your healthcare facility well-furnished is critical to the patient experience. With a doctor loan, you can purchase all essential furniture, beds, mattresses, clothing, etc. You can also finance office equipment like carrier ACs, furniture, workstation, sofas, fax machine, computers, etc. at competitive interest rates.


Renovate clinic

Over the years, your clinic might become outdated and in need renovation. This could involve repairs, maintenance or perhaps building an additional room. Need a pathological lab on the premises? Perhaps a drug store or an X-Ray lab? With a doctor loan, you can fund the renovation of your existing clinic.


Eligibility Criteria

A Doctor Loan can be availed of by anyone, whether you are a salaried employee, government employee, or a working professional. All you have to do is fulfill basic eligibility conditions laid out by banks and NBFCs. While personal loan eligibility conditions can differ across banks and NBFCs, here are some standard criteria you must be:


Salaried or a working


Aged between
21 and 60 years


Having a job and a minimum of
3 months experience


Having a minimum of Rs. 25,000
net income per month.

Use our Doctor Loan eligibility calculator to ascertain your loan eligibility and apply for a loan.

Documentation Required


Photo Identity Proof

  • Passport
  • Aadhar Card
  • Driving License

Proof of Residence or Address Proof

  • Aadhaar Card
  • Passport
  • Voter’s ID


  • ITR for last 2 years


  • Qualification certificates of the highest professional degree


  • Property ownership proof of either residence or office
  • Medical Registration Certification
  • Bank statements - Last 6 months’ statements
  • Loan sanction document

Application Process

  • 1
  • First, compare different commercial loans for doctors offered by lenders. We help you choose from top doctor loan schemes.

  • 2
  • Our loan specialists guide you to select the product best aligned with your financial needs and repayment capacity.

  • 3
  • After you have picked a product, we help you apply online. Keep your documents ready and submit your application.

  • 4
  • We track your application until your loan is approved and the amount is disbursed into your account.

Doctor Loan Lowest Interest Rates

Bank Name Minimum Rate Of Interest(%) Loan Amount Loan Tenure Minimum Processing Fees Apply Now

Disclaimer: The loan amount, loan tenure, processing fees, loan interest rate & other credit factors may vary from case to case  & are subject to change according to the lender & government policies. 

Processing Fee

Lenders charge a small processing fee for sanctioning loans for doctors in India. This is a fee you pay towards the cost of verification and sanctioning of your loan. Typically, the lender will deduct this amount from your loan at the time of disbursal. In most cases, this fee is no higher than 2% of the total loan amount. Before you finalize a lender for a doctor loan for personal use, understand the exact processing charges you have to pay.


EMI Calculator

A doctor loan EMI calculator is a tool for computing your EMI obligations. The EMI amount for your loan for doctors in India comprises the principal amount and the interest collected on the outstanding balance. To check your EMI amount and the interest payable, use Finbros Capital Advisory's doctor loan EMI calculator. Just enter the loan amount, chosen tenure, and the interest rate, and the calculator will compute the amount in seconds.

Doctor Loan Balance Transfer

A doctor loan balance transfer is the process of transferring your existing loan to a new lender. Borrowers typically do this to benefit from:
Lower interest rates
Lower EMIs
Longer tenures
Add-on benefits like a top-up loan
If you aren’t happy with the terms your current lender is offering, you can transfer your doctor loan to a new lender. Only make this decision after weighing the pros and cons of switching to a new lender. Read the fine print to understand the new rate of interest, repayment schedule, processing charges, etc. It’s also a good idea to choose an established lender with a solid repute in the industry.
Finbros Capital Advisory guides you through the complete balance transfer process. Our advisors also help you decide on the best time to choose a balance transfer option. Get access to top lenders offering favourable terms on loans for doctors in India, only at Finbros Capital Advisory.

Documents required for a balance transfer

  • Identity proof – Passport, Aadhar Card, Driving License, etc.
  • Address proof – Aadhaar Card, Passport, Voter’s ID, etc.
  • Income proof - ITR for last 2 years
  • Qualification certificates of the highest professional degree
  • Property ownership proof of either residence or office
  • Bank statements - Last 6 months’ statements



Different lenders have their own doctor’s loan eligibility criteria. The standard eligibility criteria for a doctor loan you must meet:
documentation-icon4 Be a resident of India
documentation-icon4 Be aged between 25 years old to 65 years old
documentation-icon4 Have a minimum working experience of 3 years with 2 year financials
documentation-icon4 Have a degree registered with the Medical Council with a practice certificate


Below are some of the degrees required to apply for a doctor loan:
1. MBBS for Graduate Doctors
2. BDS/MDS for Dentists
3. MD/DM/MS for Super Specialist Doctors
4. BHMS/BAMS for Ayurvedic and Homoeopathic Doctors

A credit score of 700 or above is ideal to get a doctor loan at a competitive interest rate.

Here are the benefits of a doctor loan:
You don't need to pledge collateral
No guarantors are needed
Doctor loan interest rates are highly competitive
Flexible loan tenure of up to 96 months
Nominal processing fees
Instant loan approval and disbursal of funds
Option of loan pre-payment
Minimal paperwork

Most financial institutions disburse the doctor loan within 24 hours of applying, provided all your papers are in order.

Yes, personal loans for doctors are extended at a relatively lower interest rate than regular personal loans.

Some lenders don't charge any processing fees from doctors. However, in most cases, you will have to pay 1-2% of the approved loan amount as the processing fees.

If you are an MBBS degree holder, you are eligible to apply(product age hyperlink) for a doctor loan.

Doctor loans are available at competitive interest rates. To get the most competitive rates of interest, it is advised to maintain a CIBIL score of 700 and above.
Doctor loan interest rates in India are determined by factors like:
Credit score
Annual income
Repayment history
The interest rate on your loan has a direct bearing on your repayment. The higher the rate, the higher is your EMI amount. So, it’s best to compare lenders for the most competitive offers that fit your repayment capacity.