Doctor Loan can be used for many purposes like below

For a New Clinic

Buying New Equipment

For starting a new Specialization

Improvise clinical Laboratory

Increase the bed Capacity

Regular Hospital Maintenance

Setting up a new Pharmacy

Renovation of Clinic

To finance qualified medical practitioners of any discipline mentioned under eligibility criteria :

  • Setting up clinic, expansion / renovation / modernisation of existing clinic, X-Ray lab, pathological lab, etc
  • For buying medical equipments (for dentists, the loan also covers dental implants besides equipments; for orthopaedists, the loan also covers various replacements / implants for hip / knee / shoulder / spine etc)
  • For purchase of computers and other essential equipments for clinic, etc

Why Doctor Loan from RuLoans?

  • Exclusive and Leading retail financial services website in India
  • Get Loan against on your Residential, Commercial, Industrial and open land properties
  • Compare and analyze the best loan suitable for your needs
  • Multipurpose loan eligibility in an easy to understand manner
  • No Security or Collateral Free Loans
  • Flexible loan tenure from upto 5 years
  • Repayable in Easy installments
  • Choose loan offers from Industry Leaders at one place
  • Quick and Easy Process
  • Online application with less paper work
  • Expert advise on Loan documentation
  • Expert guidance on property Legal and technical verification by the lending institution
  • Age Limits – 24-60 years
Interest Rates
Professional Loans For Doctors
Degree Loan upto Interest Tenure Processing Fees Foreclosure charges
B.A.M.S/B.H.M.S 10 lacs 3 years 14.15% 1.25% 3-4%
M.B.B.S/M.D 15-25 lacs 5 years 11.99% 1.25% No foreclosure charges after 12 months
M.B.B.S/M.D >40 lacs 5 years 10.90% 0.99% No foreclosure charges after 12 months
M.B.B.S/M.D >75 lacs 5 years 10.90% 0.99% No foreclosure charges after 12 months

  • 48 Hrs Processing
  • Disbursal in 3-4 Days
  • Practice must be 7 years and above

Eligibility Criteria of Doctor Loan
  • Individuals/ partnership firms.
  • Promoters should be registered practitioners and possessing minimum qualification MBBS and BDS.
  • Borrower should be registered with respective Council.
  • The applicant should be over 25 years of age at the time of commencement of loan and not over 65 years at the time of loan maturity.
  • Applicant should not be a defaulter of any Bank / Financial Institution.
  • KYC norms to be applied while identifying borrowers.

Entity Proof

Pan Card of Entity

VAT/Service Tax Registrations

MOA, AOA (for Private and Public Limited Companies), Partnership deed for Partnership entity

Bank Statement of Last 6 or 12 months

Address Proof(Anyone of the below)

Telephone bill (any Landline bill)

Electricity bill

Rental agreement

Qualification Certificates

Graduate or Post Graduate qualification certificate

IMA (Indian Medical Association) membership number

Financial Information about the Hospital

Last 2 Year's Income Tax Returns

Last 2 Year's Certified Financial Statements Duly Certified by CA

Proof Of Office (any one of the following, Lease Deed, Utility Bill, Title Deed, etc.)

Any Other Income Proof That is Not Reflected in the Above Documents

Banking History (Anyone of the below)

Last 6 months Bank Statement of Current Account.

All other Vehicle/consumer/Doctor Loan repayment track for verification of Track