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Best Things to Know About Professional Loans for Doctors

· Business

Generally, there are four types of loans for doctors that one can choose from are personal loans, business loans, home loans, and loans against property.

Doctors can avail a personal loan of up to Rs.25 lakh to mitigate their personal expenses. Contrarily, a business loan for doctors allows them to apply for an amount of up to Rs.25 lakh to expand their clinic, purchase medical equipment, and so on.

They also can opt for a home loan of up to Rs.2crore by fulfilling required eligibility for suitable house purchase. Similarly, doctors can also avail a loan of up to Rs.2 crore as a loan against property for other big-ticket financing needs.

Nevertheless, whichever loan for doctors you choose, it is essential to meet the eligibility that in general asks for a medical degree registered with the Medical Council.

Moreover, the documents required are KYC, medical registration certificate, bank account details, and a few others.

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