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Online Doctor Loan- A Convenient Way to Get the Loan You Need

Also known as a physician loan, a doctor loan is a special financial offering that is available to professionals and medical practitioners. Now, these people must have a self-owned clinic or work in a government-owned or private clinic, hospital and consultant. 

Primarily this loan is aimed at meeting the financial requirements of such professionals who are looking to expand. Meanwhile, keep in mind that there is a simple eligibility criteria to be met for getting this kind of loan if you are a healthcare professional.   

What are the benefits of loans for doctors?

  • Online access and management

In this digital era, there’s no point in running around for loan statements. Having information handy in real-time is very crucial. So, pick a lender that allows you to access these details. In my personal experience, I’ve opted for a doctor loan via the Bajaj Finserv app. With just a few taps, I efficiently manage my funds. 

  • Flexi loan

Some lenders offer you a Flexi loan to make it more manageable and smooth. Here, you can make multiple withdrawals and deposits against the credit limit and are charged interest only on the used amount. Moreover, you can also choose to have your monthly EMIs constitute only the interest, with the principal amount to be repaid at the end.

  • Simple and Hassle-free

You are good to go with just a few taps on your smartphone. It is an easy online application process that can be completed only from your comfort zone and requires much less paperwork.

How to get one?

To get one, please keep in mind to check doctor loan eligibility first and make sure that you are eligible for it. Meanwhile, here is a step-by-step guide on how I availed it. Please don’t consider it a promotion or something like that, as I’m just sharing my personal experience for a better understanding of the readers. 

> Download the official Bajaj Finserv application from the App store or Play store. 

> Sign up 

> When you land on the home page, you’ll see the ‘Loans’ section below the search bar.

> Tap on it and go to ‘Loan for Doctors’

> Choose whatever your requirement is, and you are good to go

It is a well-known fact that a physician’s career can be full of challenges. To reach a level where one can generate a good income every day, it is essential to establish a well-equipped clinic and buy the necessary medical equipment. Yes, I’m talking about my journey here. After being in the profession for over two decades, I finally decided to start my own practice.

However, setting up the entire thing is really costly, so this is where I took the help of a loan. Trust me. If there is any lack in the facilities, the patients may not look upon you as a dependable professional. Especially after the Pandemic, financial institutions readily offer numerous kinds of loans for physicians after checking the doctor loan eligibility.

Meanwhile, due to personal reasons, I cannot disclose the loan amount I took from here, but one can avail of a loan amount of up to Rs 55 lakh. 

(This is not promotional content. I’m just sharing my personal experience. Readers are free to make their own choice.)

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