HDFC Bank Doctor Loan Interest rates in Panipat
| 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 Panipat
| 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 Panipat 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 Panipat
Panipat city is in in Haryana state, India. It is situated on the banks of the river Yamuna. Panipat was one of the five cities founded by the Pandava brothers during the times of Mahabharata. Today Panipat is an industrial town and is known for its handloom products, and textiles and carpets. It is also known for its world famous pickle 'Pachranga International'. This city is also famous for its handloom industry.
The First Battle of Panipat was fought on 21 April 1526 between Ibrahim Lodhi, Sultan of Delhi, and the Timurid warlord Zaheeruddin Babur. Babur's force defeated Ibrahim's much larger force of over one lakh (one hundred thousand) soldiers.This First battle of Panipat thus ended the 'Lodi Rule' established by Bahlul Lodhi in India.
The Second Battle of Panipat was fought on 5 November 1556 between the forces of Akbar and Samrat Hem Chandra Vikramaditya, a King of North India, who belonged to Rewari in Haryana and had captured the large states of Agra and Delhi defeating Akbar's forces. This king, also known as Vikramaditya had won 22 battles against the Afghan rebels from 1553–1556 from Punjab to Bengal, and had his coronation at Purana Quila in Delhi on 7 October 1556 and had established 'Hindu Raj' in North India. This Second battle of Panipat thus ended the 'Hindu Raj' established by Hemu in north India, albeit for a short period.
The Third Battle of Panipat was fought in 1761 between the Afghan invader Ahmad Shah Abdali and the Marathas under Sadashivrao Bhau Peshwa of Pune. Ahmad Shah won but with a very heavy casualty rate on both sides. It resulted in the worst defeat of Marathas in their history. The war led to a power vacuum which later led to the British conquest of India. The famous Urdu shayar Maulana Hali was born in Panipat. The city is famous in India by the name of ""City of Weavers"" and ""Textile City"". The first verse of the Bhagavad Gita is possibly referring to Panipat as 'Dharmakshetra'.
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Places To Be Visited In Panipat
Tomb of Bu-Ali Shah Kalandar
The tomb is situated in Kalandar chowk named after him in the heart of the city. The tomb also houses the grave of the famous Urdu poet Khawaja Altaf Hussain Hali Panipatti. People of all the communities visit the tomb every Thursday to offer prayers and seek his blessings.
Salar Gunj Gate
:Salar Jung Gate was built in his memory by one his admirers and friends, Faiz Nawab Sadak. It is located across the main arterial road in the middle of the city of Panipat.
Grave of Ibrahim Lodhi
Ibrahim Lodhi fought the First Battle of Panipat with Mughal Emperor Babur in a small village in Panipat on 21st April, 1526, but was defeated and killed. The battle was one of the earliest few in India, where field artillery, fire arms and gunpowder were used. Ibrahim Lodhi died in the battlefield and was abandoned by his followers. His dead body was buried in a tomb located near the tehsil office in Panipat. Later on the British government built a simple platform with a brief inscription in Urdu.
Kabuli Bagh
Kabuli Bagh, comprising a garden, a mosque and a tank was built by Mughal Emperor Babur to celebrate his victory over Ibrahim Lodhi in the First Battle of Panipat. He named the mosque as well as the garden after his wife Mussammat Kabuli Begum. The entire memorial including the mosque, the tank and the garden still exist in perfect shape some two kilometres from the city of Panipat.
Hemu's Samadhu Sthal
Hem Chander, popularly known as Hemu, was a resident of Rewari in Haryana. He rose to acquire the title of Samarat Hem Chander Vikramaditya by virtue of his sheer intelligence, military capabilities and valour. He started waging battles throughout the northern India in order to reach Delhi and drive away Akbar, the Mughal emperor from the country. His dream was to re-establish the Hindu rule in India.
Devi Temple
The Devi Temple located in Panipat was built by a Maratha ruler in 8th century. It is an excellent example of Maratha heritage in the region. The temple is dedicated to a local goddess and is located on the bank of a tank. It houses ancient sculptures and is designed in religious style architecture typical of India.