HDFC Bank Doctor Loan Interest rates in Baroda Vadodara
Up To 10,00,000 | 10,00,000 To 30,00,000 | |
---|---|---|
Doctor Loan Balance Transfer from others | 12.99% | 12.99% |
Salaried Doctor | 14.15% | 14.50% |
Self Employed Professional Doctor | 14.15% | 14.50% |
Features of HDFC Bank Doctor Loan Baroda Vadodara
Type | Features |
---|---|
Processing Fee | Upto 2.50% |
Pre Closure Charges | 2.0% |
Part Payment Charges | Allowed |
Min Tenure | 1 Years |
Max Tenure | 5 Years |
Min Age | 25 Years |
Max Age | 65 Years |
Min Loan Amount | Rs.50,000/- |
Max Loan Amount | Rs.50,00,000/- |
HDFC Bank Doctor Loan Baroda Vadodara Charges
Type | Charges |
---|---|
E M I Bounce Charges | Rs.550/- per bounce |
Penal Interest | @ 24 % p.a |
Duplicate Statement Charges | Nil |
Insurance Cover | Yes |
Cheque Swapping Charges | Rs 500/- |
Issue Amortization Schedule Duplicate | Nil |
C I B I L Report Issuance Charges | Rs.50 Per Copy |
N O C Issuance Charges | Nil |
Duplicate N O C Issuance Charges | Nil |
Loan Cancellation Charges | Nil |
Non Standard Repayment Charges | Not Applicable |
Documentation For Doctor Loan
For Salaried Persons
- 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
For Self Employed/Professionals
- 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
Identity Proof For Doctor Loan
- Passport
- Driving License
- PAN card
- Photo credit card (with embossed Signature and last two months statement)
- Banker's sign verification
Age Proof For Doctor Loan
- PAN Card
- Passport
- License
- School leaving certificate
- Voter card
- Birth Certificate
- LIC policy (only for age Proof)
Address Proof For Doctor Loan
- 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)
Job Continuity Proof For Doctor Loans
- Form 16 (For Individuals)
- Appointment Letter (for last two months)
- Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)
Banking History For Doctor Loan
- Bank statements of latest 2 months
- 3 months bank passbook
Qualification Proof For Doctor Loan
- Graduate or Post Graduate qualification certificate
- IMA (Indian Medical Association) membership number
- Any other registrations allowed by Indian Government.
Own House Proof For Doctor Loan
- Sale deed of Property with own name
- Property Tax receipt with own name
- Electricity bill with own name
HDFC Bank Doctor Loan FAQ's
What are the loan tenure options for Doctor Loan?
You can repay your loan over a period of 12 to 60 months
What security do I need to provide to obtain Doctor Loan?
To obtain the loan, there is absolutely no need to provide any security or collateral.
How do I repay my Doctor loan?
You pay the loan in equal monthly instalments (EMIs). The loan will be paid through post-dated cheques. You can also pay through Electronic Clearing System (ECS ) or a standing instruction to debit your HDFC Bank account with the EMI amount
How much loan can I avail of for Doctors?
You can avail of a loan from Rs 50,000/- to Rs 50,00,000/- depending on your income, repayment capacity and respective location product cap.
What are the benefits of having a Current/Saving Account for my Loan to Doctors?
You get preferred Processing Fee, priority processing and simpler documentation if you have a Current/Saving Account with HDFC Bank. This is taken into account at the time of disbursal of the loan. You can pay through Standing Instructions to debit your HDFC Bank account with the EMI amount.
About HDFC Bank
According to the Brand Trust Report 2014, HDFC was ranked 32nd among India's most trusted brands. HDFC was ranked 45th on the list of top 50 Banks in the world in terms of their market capitalization.
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Who are Eligible For Doctor Loans?
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
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
Doctor Loan Cons
Expert Advice
Best Practices for Doctor Loan
Things not to do for Doctor Loan
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.
About Baroda Vadodara
Baroda is also known as Vadodara the Cultural Capital of Gujarat, is the third largest city in the Western Indian State of Gujarat, after Ahmedabad and Surat. and is located on the banks of the Vishwamitri river.
Baroda State has a rich historical background. The ardent historian can trace Baroda’s history over 2000 years and more. The first noted history of the city was of the early trader settlers who settled in the region in 812 A.D. The province was mainly Hindu-dominated with Hindu kings ruling till the year 1297.
The Gupta Dynasty was the first power rulers of the region. After fierce battles, the region was taken over by the Chalukya Dynasty. Finally, the kingdom was annexed by the Solankis. By this time the Muslim rule had spread across India, and the reins of power were then snatched by the Delhi Sultans. The city was ruled for a long time by these Sultans, until they were easily overthrown by the grand Mughal emperors.
The Mughals biggest problem were the mighty Marathas who slowly but eventually took over the region. It became the capital of the Maratha Gaekwads. Sayaji Rao III was the most able ruler of them, and he made many public and bureaucratic implementations in the region. The British had a major influence on the region but Vadodara remained a princely state till Independence and like all other princely states, Vadodara also joined the Republic of India in 1947.
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Places To Be Visited In Baroda Vadodara
Laxmi Vilas Place
The former residence of the erstwhile royal family, this grand palace was commissioned by Sayajirao Gaekwad III in 1890, and designed by British architects Major Charles Mant and RF Chisolm. Tickets include a free audio guide—essential to get a historical background of the palace's rich architectural and artistic heritage. Designed in the Indo-Saracenic style, Laxmi Vilas blends Hindu, Islamic and European elements. The highlights include the grand Durbar Hall, which has a Venetian mosaic floor, Belgian stained glass windows and Italian sculptures, and an art museum. Dotted with sculptures, the palace's sprawling grounds are home to the Gaekwad Baroda Golf Club and a miniature railway line. There's also a pretty baoli or step-well, located at a distance of 50 metres from the palace.
Champaner-Pavagadh Archaeological Park
Located 47 kilometres away from Baroda, this UNESCO World Heritage Site consists of the historical cities of Champaner and Pavagadh. The site's star attractions are its beautiful mosques of which unquestionably the most striking is the massive Jama Masjid. Also strewn about are remnants of several palaces, fortifications, gateways, cemeteries, step wells and water tanks, all built between the 8th and 14th centuries. Nearby, the Pavagadh hill has an ancient fort, the medieval Hindu Lakulisha temple, the tiny but popular Kali Mata temple and a few Jain shrines. Make sure you take the cable car to the top for views and thrills.
Maharaja Sayajirao University Of Baroda
Long known as the centre of learning for fine arts, this reputed university traces its origins to the Baroda College, which was founded by the city's rulers in 1881. Its campus has several historic buildings, and small museums of archaeology, botany, musical instruments and geology. For instance, the Premanand Hall in the Arts Faculty is built in the Indo-Saracenic style and boasts of a massive dome that rises to a height of 144 feet. Other heritage structures include Kalabhavan, White House, DN Hall and the Science Observatory. Check out the archaeology department's museum, which has several Buddhist relics sourced from the Buddhist site of Dev Ni Mori in the northern part Gujarat.
Maharaja Fateh Singh Museum
Established in 1961, this museum located inside the Lakshmi Vilas Palace displays paintings from the collection of the Gaekwad family. Its star attractions include paintings by European artists such as Raphael, Titian, Rembrandt, and portraits by the 19th century Indian artist Raja Ravi Verma. There are also sections dedicated to the Rococo period, Chinese and Japanese porcelain objects. Don't miss the toy train which was gifted by Pratapsinhrao Gaekwad to his son Ranjitsinh Gaekwad.
Sayaji Baug
In the heart of the city and on the banks of the Vishwamitri River, this green space encloses the Vadodara Museum and Picture Gallery, the History of Health Museum, a zoo, a planetarium, and a toy train. Originally named after Sayajirao III who got it built in 1879, the park is commonly referred to as Kamati Baug. You'll need a few hours to explore the entire sprawl spread over no less than 45 acres.
Tambekar Wada
This four-storey wooden mansion was the residence of Bhau Tambekar, the Diwan of Baroda(1849-54) and draws visitors for its beautiful wall murals. These feature the Hindu god Krishna, scenes from the epic Mahabharata, the Anglo-Maratha war, and European subjects.