HDFC Bank Doctor Loan Interest rates in Indore
| 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 Indore
| 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 Indore 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
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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 Indore
The city of Indore, located on the plateau of Malwa, is a commercial centre and Madhya Pradesh's largest city. Indore is said to have derived its name from the temples of Indreshwar and Indrapur. Indore changed hands several times from the Rajputs to the Mughals, and the Marathas, until they lost it to the British.Indore traces its roots to its 16th century founding as a trading hub between the Deccan and Delhi.
The city and its surroundings came under Hindu Maratha Empire on 18 May 1724 after Maratha Peshwa Baji Rao I assumed the full control of Malwa. During the days of the British Raj, Indore State was a 19 Gun Salute (21 locally) princely state (a rare high rank) ruled by the Maratha Holkar dynasty, until they acceded to the Union of India. Indore served as the capital of the Madhya Bharat from 1950 until 1956.
Other Cities Loan Offers
Places To Be Visited In Indore
Town Hall or Mahatma Gandhi Hall
The Town Hall or Mahatma Gandhi Hall is one of the prettiest buildings in Indore city of India. Built in 1904, it was originally named King Edward Hall. In 1948, it was renamed as Mahatma Gandhi Hall. It has a remarkable Indo-Gothic structure and is made in Seoni stone. Its splendid domes and steeples are the landmark of the Indore city. It has a clock tower in front and is popularly known as Ghanta Ghar. The central hall can accommodate 2000 people at a time and is the venue of book, painting exhibitions and fairs throughout the year.
Kanch Mandir
The Kanch Mandir, as the name suggests, is a temple which is entirely made up of glass and mirrors. It is also known as the Seth Hukamchand Temple, as it was built by the "Cotton King" Sir Hukamchand Seth in the early 20th century. It is primarily a Jain temple and is a wonder in glass. Town Hall or Mahatma Gandhi Hall:The Town Hall or Mahatma Gandhi Hall is one of the prettiest buildings in Indore city of India. Built in 1904, it was originally named King Edward Hall. In 1948, it was renamed as Mahatma Gandhi Hall. It has a remarkable Indo-Gothic structure and is made in Seoni stone. Its splendid domes and steeples are the landmark of the Indore city. It has a clock tower in front and is popularly known as Ghanta Ghar. The central hall can accommodate 2000 people at a time and is the venue of book, painting exhibitions and fairs throughout the year. The building also has a library, children's park and a temple.
Rajwada
Rajwada is the historical palace of the Holkars. It was built about two centuries ago and is located near the Chhatris in the main square. It is a seven storied structure, which serves as the living example of the grandeur of the Holkars. Rajwada stands in the centre of the city.
Chokhi Dhani
Chokhi Dhani and Nakhrali Dhani are Rajasthani heritage resorts on the outskirts of Indore. These resorts are given the appearance of a Rajasthani village in India. The villages provide people the precise atmosphere of the village, along with the modern day facilities and entertainment.
Central Museum/ Indore Museum
Central Museum, also known as the Indore Museum, is one of the most interesting buildings in Indore. It is a treat for the people who are genuinely fascinated by the history of India and the rich civilization that flourished here in the pre historic age.
Chhatris
The Maratha Rulers were skilled in the field of architecture. An exquisite example of their architectural style comprise of the Chattris of Indore. These chhattris are the cenotaphs built in the memory of the Holkar rulers. The memorials are built in stone and have stood the test of time.
Lal Baag Palace
Lal Baag Palace is one of the most spectacular buildings in Indore. It stands on the outskirts of the town, towards the southwest. It is a three storey building on the bank of the River Khan. The palace was built by Maharaja Shivaji Rao Holkar during 1886-1921.