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Personal Loan for Doctors

Compare and choose personal loan offers from top banks and NBFCs. Apply for a loan of up to Rs 40 lakh, with interest rates starting from 9.99% p.a. for setting up a clinic, purchasing equipment, or managing personal expenses. Also, explore pre-approved offers with no documentation, a 100% digital process and instant disbursal.

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max. Loan Amt.Upto 25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto 40L
Rate of Interest9.99% - 17.15%
Tenure upto1-5 Years
Processing Fee1% - 1.5%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto 25L
Rate of Interest10.5% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%
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How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Personal Loan Schemes for Doctors

Given below are a few personal loan schemes for doctors offered by some of the leading banks and NBFCs in India:

IDFC FIRST Bank Professional Loans for Doctors

IDFC FIRST Bank offers collateral-free professional loans to doctors for skill upgradation, expanding their practice, improving cash flow, purchasing equipment, etc. The bank offers loans of up to Rs 1 crore and instant loans of up to Rs 30 lakh for repayment tenures of 7 years.

  • Interest Rate: 11% p.a. onwards
  • Eligible Applicant: MD, MBBS, BHMS, MDS, BAMS, BDS, Veterinary and Physiotherapist
  • Tenure: 1 to 7 years
  • Loan Amount: Rs 5 lakh to Rs 1 crore (Up to Rs 30 lakh instant loan based on professional qualification)
  • Age Limit: 23 years to 68 years (Minimum 21 years if parents are in the same profession)
  • Profitability: Positive net worth and cash profit in the last 2 years

DBS Bank Doctors Loan

DBS Bank offers doctors loan to dentists, or any other medical practitioner in allopathy, dentistry, alternative medicine and for various other fields. The applicant can use the funds for setting up a clinic or buying medical equipment or purchasing an ambulance, etc. The bank considers the applicant’s income, years of practice, medical degree, repayment history, credit score, etc., before approving the loan application.

  • Eligible Applicant: Resident Indian Salaried/Self-Employed
  • Tenure: 1 to 5 years
  • Age: Above 21 years

HDB Financial Services - Loan for Doctors/Medical Practitioners

HDB Financial Services offers personal loans to individual doctors and medical practitioners without any collateral. The applicant can take a loan for meeting professional requirements, purchase of medical and diagnostic equipment, development of a clinic or clinic-cum-residence, nursing home or pathological laboratory, setting up of an operation theatre, etc.

  • Eligible Applicant: Graduate Doctors (BDS/MBBS)/Post Graduate Doctors (MD/MS/MCH/DM/MDS)
  • Tenure: 1 to 5 years
  • Age: Maximum 65 years on the date of sanction of the loan
  • Experience: Minimum 4 years of post-qualification experience
  • Other Eligibility Criteria: Should have own house or clinic (Parental or own house in any location where HDBFS operates)

PNB Doctor`s Delight - Personal Loan Scheme To Doctors (Secured)

Punjab National Bank personal loan to doctors for up to Rs 20 lakh or 24 times the monthly gross salary/income, whichever is lower. Doctors can use a personal loan to meet the expenses of their professional or personal requirements. The bank does not levy any prepayment charges.

  • Interest Rate: 10.50% p.a. onwards
  • Loan Amount: Rs 2 lakh to Rs 20 lakh or 24 times monthly gross salary/income, whichever is lower
  • Tenure: Up to 7 years
  • Security: Tangible Collateral Security of the value of 100% of the loan amount
  • Processing Fee: 0.90% of the loan amount

How Doctors/Medical Professionals Can Improve Loan Approval Chances

  • Check the eligibility criteria before applying for a personal loan.
  • Build or improve your credit score to a minimum of 750 and above, as preferred by most lenders.
  • Submit required documents, including identity proof, medical registration certificate, income proof, degree certificate, etc, to avoid delays or rejection.
  • Make sure your EMI does not exceed 50-55% of your NMI. To improve your chances:
    • Limit your existing loans and credit card EMIs, or
    • Choose a longer repayment tenure or prepay (if you have adequate funds) to reduce the EMI burden.
  • Avoid making multiple personal loan applications within a short duration. Multiple applications shows that you are a ‘credit hungry’ borrower and may have difficulty in repayment, which may lead to loan rejections by some lenders and lower your credit score.

Eligibility Criteria

The personal loan eligibility criteria for doctors vary from one lender to another due to varied lending risk policies and applicant’s credit profiles. Some lenders also allow medical students to avail doctors loan, subject to certain terms and conditions. Here are the general eligibility criteria considered by most personal loan lenders:-

  • Age: 18 to 60 years
  • Employment: Consultants, physicians, practicing professionals working in a government, private hospital or a clinic
  • Profession: MBBS, BDS, MD, MS, MDS, BAMS, BHMS, BPT or other medical degrees
  • Minimum Monthly Salary: Usually, a minimum Rs 15,000 per month for salaried
  • Credit Score: 750 or above is usually considered; having a higher credit score increases the chances of availing personal loans
  • Income: Minimum net annual income required is Rs 5 lakh for self-employed
    Practice Vintage: Minimum 2 years of post-qualification experience

Documents Required for Personal Loan Application

  • Duly filled application form with passport-sized photographs
  • Proof of Identity (Passport/ Voter ID/ PAN Card, etc.)
  • Proof of Residence (Ration card/ Utility Bills/ Rental Agreement / Passport / Bank Statement or Passbook)
  • Proof of Age (PAN Card, Passport, any other certificate from a statutory authority)
  • Proof of Income
    • Form 26 AS / ITR / Form – 16 in case of a self-employed professional
    • Salary slips in the case of a salaried doctor
    • Bank Statements / Bank Passbook
  • Proof of employment
  • Last degree certificate and medical registration certificate
  • Proof of Signature

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How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

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All Your Needs

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FAQs

The minimum salary required by most lenders is Rs 15,000. In case of self-employed individuals, lenders usually require a net annual income required is Rs 5 lakh.

You can use the personal loan amount for both professional and personal expenses, such as, setting up a clinic, buying equipment, weddings, travel, or home renovation.

Most lenders require applicants to have completed their medical degree and have at least 2 years of post-qualification experience. However, a few banks and NBFCs may consider final-year medical students or interns for loans, subject to certain terms and conditions.

The maximum personal loan amount for an MBBS doctor depends on their eligibility, which is assessed based on their income, credit score, existing debt obligations, etc. Most lenders offer personal loans up to Rs 40 lakh, while some may offer higher amounts to those applicants having strong credit profile.

If you’re eligible for a pre-approved loan offer, the disbursal can happen within minutes to few hours. For other regular applications, the disbursal may take 1–3 working days, depending on the lender’s policies and verification process.

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What our customers say

Personal Loan

Maine Paisabazaar se personal loan apply kiya or Jaldi approval bhi mil gaya aur zyada documents bhi nahi lage.

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Abbaz AhmedApr 10, 2025

Got pre-approved Loan offer

I was looking for Personal loan and came across this platform. I applied online and received multiple loan offers instantly and got a pre-approved offer, and the amount was disbursed within 48 hours.

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Do din pehle maine apne purane ghar ki renovation ke liye Paisabazaar se loan apply kiya. Process kaafi easy aur smooth tha. Aaj subah mujhe message aaya ki mera loan approve ho gaya hai.

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Take Personal Loan from Paisabazaar. Approved in 2 days, easy process

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Tarun RaghavJan 21, 2025

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I took a personal loan from Bajaj Finserv via Paisabazaar, and it was easy! Paisabazaar made it smooth and simple. The whole process was quick and hassle-free!

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Palvika PanchalJan 6, 2025

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Mujhe ekdum urgent medical emergency ke liye paise chahiye the. Paisabazaar se loan liya, aur honestly, sab kuch ekdum smooth tha! Process fast tha, team helpful thi, aur paise bhi jaldi mil gaye

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PawanDec 17, 2024

Get personal loan

Paisabazaar se pre-approved personal loan jadi milgya.. Or 48 hours mai paisa account mai agya.. Team is very helpful

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Kirti GargDec 15, 2024

Good experience

Good experience with Paisabazaar! Loan approval hua within 48 hours aur rates bhi kaafi reasonable the.

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Ashok KumarDec 13, 2024

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Main Travel k liye loan apply kiya tha.. jo jaldi hi approve hogya or account mai agya.

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Last updated: 28 August, 2025

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Vandana Punj
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Shamik Ghosh

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