Professional Loan – DoctorsGrow your medical practice
Loan up to 30 Lakhs | Zero Foreclosure Charges | Quick Process
Professional Loans
Build, grow, and expand your practice without any worry with National Commercial Bank professional loans. To fulfil your ambitions, we provide access to much-needed, collateral-free funds. Along with our industry-best interest rates, we offer many features such as funding up to ₹1 Cr, loan tenure up to 84 months, quick eligibility up to ₹30 lakhs, and many more.
We also provide loans to salaried and non-individuals such as diagnostic centres and hospitals. Take the next big step for your practice with National Commercial Bank professional loans.
Professional Loan for Doctors - Get Collateral Free Doctors Loan
High Loan Amount | Flexible Tenure | Collateral Free | Zero Foreclosure Charges
Just like other white-collar professionals, doctors too need financing from time to time. Be it for funding of their higher education, setting or expansion of their medical clinic, purchasing costly healthcare equipment, acquiring hospital space, or buying a house for their family, medical practitioners require access to quick finances at various stages of their life.
We, at National Commercial Bank , understand this and hence, provide collateral-free professional loans for doctors to help them meet their various financial requirements. Our doctor loans are designed to be highly customisable and affordable. Additionally, they come with several exciting features, such as instant disbursal, flexible repayment tenure, and zero foreclosure charges.
Various Reasons to Take a Doctor Loan
You can take our unsecured loan for doctors and use it to meet all your personal and professional financial requirements. There are no end usage restrictions on our doctor loans.
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Below are a few reasons to take a doctor loan from us:
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Acquiring new space for setting up your own clinic
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Improving or expanding your existing clinic
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Procuring new healthcare equipment
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Adapting the latest medical technologies
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Paying for your higher education
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Consolidating your high-interest debts
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Funding your personal expenses
Features and Benefits of professional loan for doctors
National Commercial Bank provides quick and hassle-free professional loans for doctors to help them convert their dreams into reality. Our goal is to ensure that the lack of finances never stop you from achieving success.
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Below are some striking features and benefits of our professional loan for doctors:
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Tailor-made for medical practitioners
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Easy online application
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Quick approval and disbursal
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High loan amount of up to ₹ 30 lakh
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No guarantor or collateral required
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Flexible repayment tenure
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Competitive interest rates
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Zero foreclosure charges
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No hidden charges
Documentation
Salaried Professionals
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Photo identity proof, address proof: As per RBI defined KYC guidelines.
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Education Proof- Degree certificate, Degree registration
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3 Months Bank Statement
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Employee ID Card
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Residence Ownership proof
Self Employed professionals and Entities such as Hospitals, Diagnostic centers
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Photo identity and Address proof: As per RBI defined KYC guidelines
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Education Proof- Degree certificate, Degree registration
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Ownership proof of residence or office as applicable
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Business Proof: Shop Act License/MOA & AOA/GST registration/ITR, Partnership Deed.
Any one of the additional documents as per program
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Basis Banking - 1 year ITR & Computation, 12 months banking
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Or Basis Degree - 3 months banking
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Or Basis Income - 2 years ITR & financials, 12 months banking
ELIGIBILITY
Who can apply?
We have detailed our professional loan eligibility as below
Loan to doctors:
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Can be availed by doctors (MD, MBBS, BAMS, BHMS, MDS, BDS and Veterinary, Physiotherapist)
Loan to other professionals:
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Can be availed by Engineers, Chartered accountants, Company secretaries & Architects
Loan to non-individuals:
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Can be availed by Diagnostic Centers, Clinics & Hospitals
Professional Loan Fees & Charges
Items Charges Remarks
Processing Fees
( Inclusive of Administrative Charges )
Up to 3.5% of the loan amount
Taken at the time of loan agreement execution
Other Charges
Items Charges Remarks
Repayment instrument swap charges ₹500 Per repayment change request
Duplicate No Objection certificate / No Due Certificate
₹500
Request in addition to bank's issued letter
Other Statutory / Mortgage creation charges /Facilitation charges e.g. Stamp duty, MOD, MOE, etc
on actuals
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Cancellation & booking charges
For cancellation after disbursal
• Before cheque encashment – Rs 10000
• Post cheque encashment/RTGS cases – Rs 10000 + Interest from the date of disbursement
Phsyical repayment schedule ₹500
Physical statement of loan ₹500
Cheque swap charges ₹500
Charges on account of delayed payments / defaults
Items Charges Remarks
Late payment / Penal charges / Default interest / Overdue (per month)
2% of the unpaid EMI or ₹300 whichever is higher