HDFC Bank Doctor Loan Interest rates in Cuttack
| 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 Cuttack
| 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 Cuttack 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.
HDFC Bank Highlights
About Other Banks
Bajaj Finserv
ICICI Bank
Axis Bank
Magma Fincorp
DHFL
Citi Bank
Dcb Bank
IDBI Bank
IndusInd Bank
Kotak Mahindra Bank
RBL Bank
State Bank of India
Standard Chartered Bank
Avanse
LIC Housing Finance
Fullerton
TATA Capital
Credila
HDFC Limited
Aditya Birla Housing Finance
Capital First
Edelweiss
Indiabulls Housing Finance
Religare Finvest
Yes Bank
Canara Bank
Bank of Baroda
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 Cuttack
Cuttack is the former capital and the second largest city in the eastern Indian state of Odisha. It is also the headquarters of the Cuttack district. The name of the city is an anglicised form of Katak which literally means The Fort, a reference to the ancient Barabati Fort around which the city initially developed. Cuttack is also known as the Millennium City as well as the Silver City due to its history of 1000 years and famous silver filigree works. It is also considered as the judicial capital of Odisha as the Odisha High Court is located here.
It is also the commercial capital of Odisha which hosts a large number of trading and business houses in and around the city.Cuttack and Bhubaneswar are often referred to as the Twin-Cities of Odisha. The earliest written history of Cuttack may go back to the Keshari dynasty.As stated by the distinguished historian Andrew Stirling, present-day Cuttack was established as a military cantonment by king Nrupa Keshari of Keshari dynasty in 989 CE.
Stirling based his opinion on the Madala Panji, a chronicle of the Jagannath temple of Puri.he reign of Maharaja Markata Keshari was distinguished for the stone embank built to protect the new capital from flood in 1002 CE.The introduction of the Sharadiya Utsav tradition in the city dates back to the visit of Saint Chaitanya in the 16th century when the consecration of the idol of Durga by using the mask pattern was conducted in his presence at Binod Behari Devi Mandap.The remains of the old moated Barabati Fort still exist in the heart of Cuttack.
Other Cities Loan Offers
Places To Be Visited In Cuttack
Dhabaleshwar
This temple, established back in 10th century AD is an important pilgrimage center and also provides a beautiful scenic and serene ambience. One can reach this place from Cuttack by using boats and ferries. There is also a foot-over bridge which people can use to reach this temple by paying a nominal fee.
Barabarti Fort
The titular fort of Cuttack, Barabati Fort was built in the 14th century by the rulers of the Ganga dynasty. However the fort’s origin goes back to 989 AD when King Marakata Keshari built embankments on the shores of the river to protect the city from floods. Later in the 14th century, Mukundadev Harichandan a Chalukyan King built a 9-storied fort in the embankments. Today the fort lies in ruins following several attacks and floods over the course of history but is a great place to visit during the winters.
Kataka Chandi Temple
Kataka Chandi Temple is also known as the Cuttack Temple and is dedicated to the Hindu Deity Chandika. The temple is a marvelous example of the Gajpati dynasty architecture and is located at the banks of the Mahanadi River. The best time to visit the temple is during the festivals of Durga Puja, Kali Puja and Dussehra. The temple is managed by the priests of the Utkala Brahmins and contains the idol of the goddess with was dug up by the Priest of the Gajpati Kingdom.
Kadam Rasool Mosque
Founded in the 18th century, the Kadam Rasool mosque contains the foot print of the Prophet Mohammed and is spread across an area of 57 acres. The mosque is an immensely sacred place for the Muslims across the country and is visited by several tourists each year. The mosque is a marvelous example of the Indo-Persian architectural style and is said to have been built by a Hindu King.
Netaji Birth Place Museum
The erstwhile ancestral home of the great freedom fighter, Netaji Subhash Chandra Bose, is now a museum after its completed renovation in 2007. The galleries which were once the living quarters of the Bose family now contain several photographs, antiquities and furniture used by the Bose Family and Netaji.
Stone Revetment
Situated on the banks of Kathjuri River, Stone Revetment is an engineering marvel created in the 11th century. These stone walls are constructed so as to obstruct flood water from entering the city.