HDFC Bank Doctor Loan Interest rates in Kakinada
| 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 Kakinada
| 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 Kakinada 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 Kakinada
Kakinada, which is the Headquarters of The East Godavari District, is known as rice bowl of Andhra Pradesh and has since long beckoned and enchanted tourists with its lush paddy fields and coconut groves swaying in the breeze which appear to dance in a celebration to life. It is where soulful bhajans and holy shlokas herald the dawn, where the chirping birds and gurgling streams invite you to its beautiful lakes and rivers and wild life sanctuaries.
It is a place of rich tradition, breathtaking natural beauty, historical significance, holy pilgrimage center, beautiful virgin beaches, hillocks, stunning landscapes, soothing rivers, amidst picturesque setting. Apart from these, it has a rich historical past. It dates back to the epic age and was an integral part Chalukyan and Mauryan kingdoms.
Places To Be Visited In Kakinada
Coringa Sanctuary
It is located near kakinada port around 20 km from Kakinada. Rich in flora and fauna. Dynamic ecosystem of this sanctuary constitutes of dense mangroves and lush vegetation makes this place evergreen forest. Excellent place for fishing and bird watching. One can get to see salt water crocodiles, Pelicans, sea guils and other several species of animals.
Annavaram
Annavaram village is located on the bank of river Pampa, 48 km from Kakinada. Shrine Sri Veera Venkata Sathyanarayana Swamy on the hill top is the most distinctive feature of this village, one of the reputed pilgrimage.Next to Tirupati Temple, this temple is gaining more importance and popularity among devotees and tourists. Festivals are celebrated in a grand manner round the year and makes this place pomp and gaiety. Spectacular surrounding and serene atmosphere of this temple will captivate everyone in no time.
Draksharama Bheemeshwara Swamy Temple
It is one of the 'Pancharamas' temple located in Draksharamam village at a distance of 28 km from Kakinada. Crystal Lingam is the unique feature of this temple. This temple is ancient and holy and most reputed pilgrim attracts thousands of devotees and tourists throughout the year. It is a protected monument under the archeological department.
Antarvedi
Antarvedi is referred as 'South Kashi' or Drakshina Kashi. It is famous for its unique feature of having the important tributary of river Godhavari meets the sea which is called 'Sagara Sangamam' . There is a lighthouse at the meeting point and temple of Lord Lakshmi Narasimha Swamy located almost nearer to the bank of Godhavari, Lord Shiva temple and Varshitha Sevashramam are remains major attractions. A beautiful tiny Island is located on the other bank of Godhavari.
Sri Bhavanarayana Swamy Temple:
Sri Bhavanarayana Swamy Temple, located 3 km from Kakinada known for its harmonious architectural blend of Chola and Chalukya styles. Pitahapuram one of the oldest pilgrim consists of several small temples. kakinada port is located in the east coast of India. This all weather lighter-age port debveloped in naturally sheltered 'Godhavari Sand Spit' are the other major attractions of Kakinada.