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Capital First Doctor Loan in Pune

Interest Rate starts from 12.50%

Capital First Doctor Loan Interest rates in Pune

Please Find the Detailed Capital First Doctor Loan Interest Rates

Up To 30,00,00030,00,000 Above
Hospital13.00%12.50%
Salaried Doctor13.00%12.50%
Self Employed Professional Doctor13.00%12.50%

Features of Capital First Doctor Loan Pune

Type Features
Processing Fee1%
Pre Closure Charges3%
Part Payment ChargesAllowed
Min Tenure1 Years
Max Tenure4 Years
Min Age24 Years
Max Age55 Years
Min Loan AmountRs.5,00,000/-
Max Loan AmountRs.75,00,000/-

Capital First Doctor Loan Pune Charges

Type Charges
E M I Bounce ChargesRs. 750 per Bounce
Penal Interest@24% Per Annum
Duplicate Statement ChargesNil
Insurance Cover0.8% on Loan amount
Cheque Swapping ChargesRs. 500/-
N O C Issuance ChargesNil
Duplicate N O C Issuance ChargesNil
Loan Cancellation ChargesNil

Documentation For Doctor Loan

  • Filled Application form
  • Identity Proof (PAN CARD)
  • Qualification Proof
  • Address Proof
  • Own House Proof
  • Latest 3 months Pay-slips
  • 2 Passport Size color Photographs
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate
  • Filled Application form
  • Identity Proof
  • Address Proof
  • Qualification Proof
  • Last 2 years Income Tax Returns
  • Professional/Self employed existence proof for more than 3 years
  • 2 Passport Size color Photographs
  • 6 months Bank Statements
  • Filled Application form
  • 3 Post Dated Cheques/ECS Mandate
  • Passport
  • Driving License
  • PAN card
  • Photo credit card (with embossed Signature and last two months statement)
  • Banker's sign verification
  • PAN Card
  • Passport
  • License
  • School leaving certificate
  • Voter card
  • Birth Certificate
  • LIC policy (only for age Proof)
  • Passport
  • Telephone bill (BSNL/MTNL)
  • Electricity bill
  • Title deed of property
  • Rental agreement
  • Driving license
  • Election ID card
  • Photo-credit card (with last two month statements)
  • Form 16 (For Individuals)
  • Appointment Letter (for last two months)
  • Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)
  • Bank statements of latest 2 months
  • 3 months bank passbook
  • Graduate or Post Graduate qualification certificate
  • IMA (Indian Medical Association) membership number
  • Any other registrations allowed by Indian Government.
  • Sale deed of Property with own name
  • Property Tax receipt with own name
  • Electricity bill with own name

Capital First Doctor Loan FAQ's

About Capital First

Capital First is a provider of financial service across consumer and wholesale businesses, with aspirations to grow into a significant financial conglomerate. Capital First Ltd. is a Systemically important NBFC with record of consistent growth & profitability. Capital First has a comprehensive product suite to meet multiple financial needs of customers including Consumer Lending, Corporate Lending.

Capital First Highlights

Capital First To Raise Awareness About Air Pollution In Delhi
CNBC 15th Asia Business Leaders Awards-2016 12/22/2016
WCRC’s Most Trusted Financial Brand Award 12/21/2016
Economic Times Asian Business Leaders Conclave’16 12/16/2016
Business Today – Most Valuable Companies Of 2016 11/19/2016
Fortune Next 500 - Outstanding Performance Award 08/26/2016

About Other Banks

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

Who are Eligible For Doctor Loans?

1) What is Doctor Loan?:-

The Doctor Loan Program is a specific loan with special underwriting developed specifically for medical physicians and dentists, optometrists, podiatrists, and veterinarians. Most doctors are looking for loans with low interest rates that enable them to move on to the growth. This scenario poses many challenges for most lenders because most physicians would be qualifying for the best rates given the type of loan they need. Banks try to do these loans with competitive rates and with less time.

Physicians with high credit scores have a very low risk of default on loans, even if they have high debt. Hence, the doctor loan program was started to give physicians access to improve his service levels.

Following are eligible for Doctor Loans:

MBBS, BDS Graduate Doctors - Minimum 5 years of experience (Post qualification)

MD, DM, MS, MCH, MDS Post Graduate Doctors having Minimum 4 years of Experience (Post qualification)

Individual doctors employed with reputed Government or Private Hospitals in India

Self employed doctors who own a hospital, a nursing home, a Clinic in India.

Consulting doctors with leading hospitals in metro cities in India.

Hospitals in form of Proprietorship/Partnership and Private Limited companies

Eligibility and Documentation For Doctor Loan

Vintage of Residence: Residence should be owned in the City or Hospital should be owned in the City for Min of 1 year.

Interest rates: Rate of interest will be floating rate of Interest, generally linked with the base rate of the banks, Present Scenario the Rate of Interest will be 15 % to 21.0 %.

Rate of Interest will be based on bank/financial Institutions internal policies and terms. Generally Bank account conduct, reputation of the entity, repayment capability, credit history, Promoters Back ground and other credit related factors which can be evolved for Doctor Loans.

Limit: Doctor Loans can be availed from Rs. 5 Lakhs to Rs. 75.0 Lakhs

Age: Minimum of 26 years and Maximum of 60 year on maturity of the Loan amount.

Tenure: 12 - 48 months

Doctor Loan Pros

Easy availability: A lot of banks offer Doctor Loans of various amounts and max duration for 4 years. You can pick and choose between them.

No collateral: Doctor Loans are not very large amounts. So there is no need to put up security or collateral against personal loan.

Quickly available:If you have a relationship with a bank you can get a personal loansanctioned within 24 hours. Personal loans also require very little paperwork.

Doctor Loan Cons

High interest rates:  After credit cards, personal loans have the highest interest rates among credit products. Sometimes personal loans have higher rates than credit cards also.

High pre-payment penalty:  If you pre-pay your personal loans, banks often charge a high penalty.

Need good credit history: Today, most banks give personal loans only to people with a good credit history. If someone regularly takes personal loans, he may be seen as someone who is not careful with his finances.

Affects credit report: If you default on your Doctor Loan your CIBIL credit report reflects it and your credit rating and credit score are affected.

Expert Advice

Best Practices for Doctor Loan

Clear Identification of purpose and planned Budget.
Cost - benefit analysis.
Peer comparison- ROI, PF and other charges and repayment Tenure.
Know your credit history score and eligibility.
Plan the repayment from the regular incomes than from futuristic/speculative income.
Check various other alternatives before availing a loan.
Be clear on payment date and mode of payment like ECS, Online payments, Post dated cheque.
Terms and conditions to be clearly understood before signing up the agreement.
Take payment protection insurance.
Ensure proper updation of contact details.

Things not to do for Doctor Loan

Do not jump to apply a loan with our proper homework.
Do not borrow more than what is required.
Do not apply loan at too many places at a time.
Do not sign the terms and conditions without reading.
Do not rush with the process.

Important points to be remember for Doctor Loans

As a experienced individual doctor, you need to avail a doctor loan funds so as to open a clinic and begin practicing. There are certain eligibility situations that need to be noted while avail the Doctor Loans.

1) Eligibility Criteria:
All medical professionals whether technicians or medical doctors, who completes 5 years of experience stand eligible for receiving doctor loans. An individual working in a medical occasion administration division can even apply.
2) Functionality:
The aim of this facility is to meet the working capital requirement of medical doctors to run a clinic. It is usually meant to buy premises for opening a health center. The loan can also be largely useful for the acquisition of equipments, furniture, fixtures and doing repairs and renovation of business premises. This fund is most often used for launching new business and to make enhancements of an existing health center.
3) Loan Amount:
The amount acquired as loan will be large or small relying on the business needs. The loan officer has to tell concerning the loan amount to medical doctors and relying on the business sort, awards are made to entrepreneurs. The fund acquired clearly defines the enlargement alternatives doctor loan.
4) Tenure:
“The term for this sort of small business loans isn’t kept greater than four years. So, professionals receiving this award must return it in time. There is no procrastination of the term. So, all the pieces must be done throughout the stated time period. There is no need to wait for the final moment and repayments of the borrowed cash should be done on the earliest.
4) Pricing:
“Interest is linked to the bottom rate. So, usually a typical interest is charged and not a very high interest levied on borrowers. This type of interest is basically vital and it seals the loan pricing. So, the lender can’t fluctuate the value and it stays the same for everyone. Thus, you will need to verify the bottom fee of a lender as relying on it, the interest rate will be determined.

Purpose of Doctor Loans

Doctor loans can be avail for the following reason from the Banks and Financial Institutions.

1) Setting up a Clinic:
Large clinics can be established with doctor loans. It is necessary for entrepreneurs to stay up-to date and use fund support to establish an affluent clinic. By setting up such a clinic, it becomes easy for professionals to offer good treatment to visiting patients and do general good to the society at large. Physicians can also open a health centre at any location and use the place for offering service to the sick. Such centers then become the source of income for a doctor and other employees who work in the centre. So, new clinics can also become employment generators.
2) Buying New Equipments:
 In medical practice, equipments are quite essential, so doctors who are in practice, need to buy the best equipments to run their clinic. For this very reason, physician financing becomes essential. The reward received can be good enough to buy new equipments and so a health centre can do well. It is really important to buy the best equipments and the ones that are mostly required for clinical operations. They come expensive and so funds are inevitable to buy the equipments needed to run a health centre.
3) Working Capital requirement including stock of medicine/disposables::-
A medicine store is also required in a health centre. There are expenses involved in maintaining such a store also. The reason is medicines should be purchased and all other requirements should be fulfilled. That is to say the store should be kept up to date all the time and it is possible only with fund release. Physicians should apply for Doctor Loans to keep their health centre well equipped and its drug store stacked with all medicines. So, to apply for funds is very much needed and an enterprise can really do well with the support it finds.
4) Setting X-ray lab::-
A health centre also requires an X-ray lab because X-ray is something that needs to be done frequently. Visiting patients have a need to get their X-rays done in the health centre itself without having to go to some other place. That is why X-ray lab becomes so important for a clinic owner. Doctor loans should be procured for setting up of such a lab in the health centre itself.
5) Expansion/Renovation/Modernization of Premises: -
Looks have got a lot to do with clinics. Professionals should strive to give a better look of the clinic that one is in possession of. Only then patients will get attracted and would love to visit the centre for their treatment. Everyone wants to be in a clean place and in case of clinics this factor is of prime importance. Professionals should focus on modernizing their clinics.

About Pune

Pune is the the second largest city in the Indian state of Maharashtra and the ninth most populous city in the country. Situated Deccan plateau on the right bank of the Mutha river, Pune is the 7th ranking industrial metro of India at present. Infact Kothrud has achieved a place in the Guinness book of world records for having the fastest urban growth rate, and one of the most important IT hubs in India. Pune is known for its educational facilities and relative prosperity. Being the cultural capital of Maharashtra,

Pune became popular with the rise of Maratha ruler Shivaji. He spent his early childhood in Pune at Lal Mahal, a palace built by his father Shahaji, where Shivaji's mother Jijabai lived for a decade. Aurangazeb's uncle, Shahistekhan was defeated at Lal Mahal by Shivaji.Aurangazeb named Pune as Muhiyabad after the death of Shivaji in 1680. Pune again gained importance during the period of the second Peshwa Thorala (senior) Bajirao who ruled from 1720 to 1740.

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Places To Be Visited In Pune

Western Ghat

    During monsoon the western ghat enhances its beauty. At that time, all red brown terrain changes into a deep, bright green with dense rain clouds hanging from the sides. The option for trekking is also available.

Lonavala

    Lonavala is best weekend destination for people of Maharashtra. Lonavala is situated in Pune district of Maharashtra. It is about 64 km away from the city ofPune, 96 km away from the city ofMumbai. Here you will get the mesmerized view. Lonavla Lake is surrounded by natural scenery, about 1.6 km from the town.

Darshan Museum

    Darshan Museum is a biographical museum that offers an insight into the life and therefore the teachings of Sadhu Vaswani. The museum is built on a space of 10000 sq. feet; on the first floor of the Sadhu Vaswani Mission Building.

Bhuleshwar Temple

    Bhuleshwar Temple is a hindu temple of Shiva, situated around 45km from Pune it is a historical Temple in Pune.The temple is situated on a hill and was built in the 13th century.The temple is unique as its architecture is Islamic from outside and appears more as a mosque than a temple due to its resemblance of circular tomb and minarets.

Rajmachi

    Clad in history and ancient tales, the quaint village of Rajmachi is also among the best places to near Pune in monsoon. Located around 78km from the city limits, this hamlet is embraced by the enchanting charm of the Sahyadri Mountains and the historic Rajmachi Fort serving as the main attraction.With the fortified Shrivardhan and Manaranjan forts as the fortified structures, a trek to Rajmachi Fort is a must for the adrenaline junkies.

Lavasa

    Located around 57km from Pune's city limits, Lavasa or the first private planned city in India is a heaven for the nature lovers. Cossetted with stunning hills and evergreen pastures, this hill city spreads around 25,000 acres and is known for its peaceful ambience, serenity and gorgeousness andmake it to this beautiful hill city and explore its grandiosity on a jovial segway ride. Navigate through the quaint lanes of Lavas, ride steadily through its opulent beauty and discover the charm and appeal of Lavasa.

Total Number Of Branches In Pune (1941)

BANK OF MAHARASHTRA (189 Branches)STATE BANK OF INDIA (157 Branches)HDFC BANK (152 Branches)IDBI BANK (107 Branches)ICICI BANK LTD (99 Branches)THE SHAMRAO VITHAL CO-OP BANK (89 Branches)BANK OF INDIA (77 Branches)BANK OF BARODA (69 Branches)UNION BANK OF INDIA (69 Branches)AXIS BANK (63 Branches)CANARA BANK (61 Branches)CENTRAL BANK OF INDIA (61 Branches)YES BANK (55 Branches)SARASWAT CO-OP BANK LTD (46 Branches)KOTAK MAHINDRA BANK LTD (42 Branches)CORPORATION BANK (36 Branches)INDIAN OVERSEAS BANK (34 Branches)PUNJAB NATIONAL BANK (34 Branches)DENA BANK (29 Branches)ORIENTAL BANK OF COMMERCE (28 Branches)JANATA SAHAKARI BANK LTD (28 Branches)SYNDICATE BANK (27 Branches)JANASEVA SAHAKARI BANK LTD (25 Branches)UCO BANK (24 Branches)VIJAYA BANK (23 Branches)TJSB SAHAKARI BANK LTD (23 Branches)INDIAN BANK (20 Branches)ANDHRA BANK (19 Branches)FEDERAL BANK (18 Branches)INDUSIND BANK (17 Branches)MAHANAGAR CO-OP BANK (17 Branches)NKGSB CO-OP BANK LTD (15 Branches)RAJGURUNAGAR SAHAKARI BANK LTD (13 Branches)ABHYUDAYA CO-OP BANK LTD (12 Branches)STATE BANK OF HYDERABAD (12 Branches)SOUTH INDIAN BANK (11 Branches)THE KARAD CO-OP BANK LTD (10 Branches)RBL BANK LTD (9 Branches)PUNJAB & MAHARSHTRA CO-OP BANK (9 Branches)NAGAR CO OPERATIVE BANK (8 Branches)ALLAHABAD BANK (8 Branches)BANDHAN BANK LTD (7 Branches)KALYAN JANATA SAHAKARI BANK (6 Branches)KARNATAKA BANK LTD (6 Branches)UNITED BANK OF INDIA (5 Branches)ING VYSYA BANK (5 Branches)PUNJAB & SIND BANK (4 Branches)BHARAT CO-OP BANK MUMBAI LTD (4 Branches)DCB BANK LTD (4 Branches)STATE BANK OF MYSORE (4 Branches)STATE BANK OF PATIALA (4 Branches)STATE BANK OF TRAVANCORE (3 Branches)THE NASIK MER CO-OP BANK LTD (3 Branches)CITIZEN CREDIT CO-OP BANK LTD (3 Branches)BASSEIN CATHOLIC CO-OP BANK LTD (3 Branches)STATE BANK OF BIKANER & JAIPUR (3 Branches)STANDARD CHARTERED BANK (2 Branches)NEW INDIA CO-OP BANK LTD (2 Branches)KARUR VYSYA BANK (2 Branches)APNA SAHAKARI BANK LTD (2 Branches)G P PARSIK BANK (2 Branches)HSBC BANK (2 Branches)TAMILNAD MERCANTILE BANK LTD (2 Branches)THE ROYAL BANK OF SCOTLAND N V (1 Branches)THE SEVA VIKAS CO-OP BANK LTD (1 Branches)THE VARACHHA CO-OP BANK LTD (1 Branches)THE ZOROASTRIAN CO-OP BANK LTD (1 Branches)STATE BANK OF INDIA (1 Branches)DEUSTCHE BANK (1 Branches)DEVELOPMENT BANK OF SINGAPORE (1 Branches)DHANALAXMI BANK (1 Branches)CITY UNION BANK LTD (1 Branches)B N P PARIBAS (1 Branches)BHARATIYA MAHILA BANK LTD (1 Branches)CITI BANK (1 Branches)CATHOLIC SYRIAN BANK LTD (1 Branches)LAKSHMI VILAS BANK (1 Branches)JAMMU & KASHMIR BANK LTD (1 Branches)IDFC BANK LTD (1 Branches)RESERVE BANK OF INDIA, PAD (1 Branches)SHINHAN BANK (1 Branches)
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