Business Loans for Doctors
Are you a practising or consultant doctor looking for a loan for purchasing medical equipment, setting up a clinic or any other professional activities? Axis Bank offers quick, convenient business loans for Doctors with minimal documentation,
to finance your short-term as well as long-term business needs. With our Business Loan for Doctors, you can apply for a Business Loan online and avail door-step services along with easy repayment options.
Find out about the details
and benefits of our Business Loans for Doctors below.
Business Loans for Doctors
This loan can be availed by practicing and consultant doctors. They can use this loan to purchase medical equipment, setting up clinic, expansion of existing premises, and other activities related to medical profession.
Eligibility for Business Loans for Doctors
- Self-employed doctors running clinics / nursing homes / hospitals, diagnostic clinics
- Consulting doctors – with hospitals on retainer ship basis
Degree inclusion for Eligible Applicant:
MD / DM / MS/ MCH / MBBS / MDS / BDS Including Radiologist and Pathologist
Eligibility for Business Loan for Doctors
Meta keywords: business loan for doctors, business loan, apply for business loan,
If you are a medical practitioner looking for a Business Loan, you will have to satisfy certain criteria for availing a Business Loan for
Doctors from Axis Bank. The eligibility depends on minimum years of practice and gross receipts. Make sure to read the eligibility criteria before you apply for business loan.
Eligibility:
- 2 years in current profession
- Gross Receipt Rs 5 Lakh and above
Documentation:
Along with your application for Business Loan for Doctors you will have to submit certain documents which will allow us to process your loan faster. Here are the documents for Business Loan for Doctors.
- Last 2 years ITR along with P&L statement and balance sheet
- PAN Card required for entity and all Individuals
- Form 16 A / 26 AS in case of consulting doctors
- Qualification proof - degree certificate or passing certificate
- KYC documents
- Ownership proof - office/residence
- 6 months bank statement
Key Features:
- Loans up to 50 lakhs
- Flexible repayment option up to 60 months
- Zero collateral
- Nil part-payment / foreclosure
Charges & Fee :
| Sr. No | Nature of fee / charges | Unsecured Business Loan |
|---|
| 1 | Processing Fees | Upto 2.00% + Taxes applicable |
| 2 | Stamp duty & other statutory document charges | As per applicable laws of state |
| 3 | Cheque bounce | Rs. 500/- per instance +Taxes applicable |
| 4 | Penal Interest | 2.00% p.m. on the amount of overdue installment |
| 5 | No dues certificate/ No objection certificate | RS. 150 + Taxes applicable |
| 6 | Rate of Interest | 14.25% p.a. |
