Business Loans for Doctors

Script-X provides a specific Business loan, which is particularly aimed at helping practicing doctors and consultants in the medical fraternity. The business loans for Doctors help in the expansion of operations by the doctors and thus help in the cause of better medical services and treatment.

What is a Doctor Business Loan?

A Doctor Business Loan is a business loan, which cater to the needs of the medical practitioners and consultants, for the medical facilities expansion and other such. Such Business loan, in a way is helpful towards the development of society with the best medical options as provided to the people.

Purpose of Doctor Business Loan

Doctor loans are available for professional doctors in order to help them fulfill their dreams, setting up their own medical clinic or hospital. Any professional involved in the medical field (you can check out the eligibility criteria for that, later in the article) can consider this loan if,

• You lack immediate funds availability to bear the expenses for setting up a clinic
• You need to buy new clinical equipments for your medical clinic
• You want to renovate or improve your clinic/setup

Who are not eligible for Doctor Business Loan?

Such loan is not available for the following:

• Personal Loan
• For the purpose of purchase of land
• Wedding or for any purpose like vacation

Doctors Business Loans by Script-X

Script-X brings special Doctors Program for MBBS, BDS & above qualification. The features of Business loans for Doctors are mentioned below:

• Interest rate start from @10.99%
• Loan up to 5 Years
• Min Age – 25 years
• Max Age – 65 years
• Min Loan Amount – Rs. 200000
• Max Loan Amount – Rs. 1 Cr

Expert Advice by Script-X for Doctor Business Loan

Here, at Script-X, we provide expert advice on Doctor Business Loan. Here are some expert tips:

• Know your credit history score and eligibility.
• Know the best deals on Doctor Business Loan
• Be Crystal Clear in terms and conditions for a Business Loan for Doctors
• Plan the repayment before in hand
• Do Analysis for Cost Benefits
• Take payment protection insurance for sure

Eligibility Criteria for Doctors Business Loans

• The following is the eligibility criteria for Doctors Business Loans:
• Super-specialist doctors (MS/MD/DM) – No minimum post-qualification experience is required
• Graduate Doctors (MBBS) – A Minimum of 2 years of post-qualification experience is required
• Dentists (BDS/MDS) – A Minimum of 5 years of post-qualification experience is required
• Ayurvedic and Homeopathic Doctors: BHMS/BAMS – A Minimum 6 years of post-qualification experience is required, and must own a house or a clinic
• Homeopathic Doctors: DHMS – A Minimum of 15 years of post-qualification experience is required, and must own a house or a clinic.

Documents required for Doctor Business Loan

The following are the Documents required for Doctor Business Loan:

For Salaried Person:

• Filled Application form
• Proof Identity (PAN CARD etc.)
• Proof of Qualification
• Proof of Address
• Proof of Own House
• Latest 3 months payslips
• 2 Passport Size color Photographs
• 3 Post Dated Cheques/ECS Mandate
• 6 months Bank Statements

For Self Employed Person:

• Filled Application form
• Proof of Identity
• Proof of Address
• Proof of Qualification
• Last 2 years Income Tax Returns
• Professional/Self employed existence proof for more than 3 years
• 2 Passport Size color Photographs
• 3 Post Dated Cheques/ECS Mandate
• 6 months Bank Statements
• Filled Application form