HDFC Bank Doctor Loan Interest rates in Patiala
| 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 Patiala
| 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 Patiala 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 Patiala
Patiala is a city in southeastern Punjab, in northern India. It is the fourth largest city in the state and is the administrative capital of Patiala district. Patiala state was established in 1763 by Baba Ala Singh, a Jat Sikh chieftain, who laid the foundation of the Patiala fort known as Qila Mubarak, around 'which the present city of Patiala is built. After the Third Battle of Panipat in 1761 in which the Marathas were defeated by the Afghans, the writ of the Afghans prevailed throughout Punjab. It is at this stage that the rulers of Patiala began to acquire ensigns of royalty.
The city of Patiala was designed and developed according to a plan akin to that of temple architecture, the first settlers of Patiala were the Hindus of Sirhind, who opened their business establishments outside the Darshani Gate. Maharaja Karam Singh who ruled from 1813 to 1845 joined the British East India Company and helped the British during the First Anglo Sikh wars against the Sikh Empire of Maharajah Ranjit Singh of Punjab which was larger and extended from Tibet Kashmir, plains of Punjab to Peshawar near the Afghan borders.
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Places To Be Visited In Patiala
Qila Mubarak
A fine specimen of the Sikh architecture, the Quila Mubarak served as the residence for the Royal Palace of Patiala. The palace complex is spread across an area of 10 acres and is located in the center of the city. The palace contains a museum and an art gallery which features the Patiala paintings that depict various scenes from the Hindu mythology.
Sheesh Mahal
Located at the old Moti Bag palace, the Sheesh mahal or the palace of mirrors was constructed in the 19th century. The Sheesh mahal is adorned with a huge number of frescoes. The construction of the Sheesh Mahal was done under the Maharaja Narinder Singh. The lake located by the palace and the bridge called the Lakshamana Jhula is one of the most famous attractions in Patiala.
Baradari Gardens
The name Baradari refers to the 12 doors that serve as an entrance to this historic garden. The garden is a fine specimen of Mughal era architecture that blends the Indian, Persian and Turkic architecture. The garden was built near the palatial residence of Maharaja Rajinder Singh called the Baradari Palace or the Rajinder Kothi which is now a heritage hotel. The City of Patiala was a home to the medieval state of Patiala, and owing to the rich cultural heritage imparted by the Jat kings of Patiala.
Moti bagh palace and museum
The Moti Bagh Palace and Museum is now the National Institute of Sports. This complex has a large artificial lake (unfortunately drained) crossed by a hanging bridge modelled on Rishikesh’s Lakshman Jhoola. The Sheesh Mahal museum here is an extremely unusual repository of art showcasing the distinctive Patiala school of the early 20th century. It contains paintings done in both Kangra and Rajput style with themes drawn from Hindu, Sikh and Jain folklore. Several are massive works covering entire walls. There are also many sculptures and artefacts dating back to the 9th-10th centuries. There is an interesting collection of thousands of medals as well, collected by, or awarded to, the Maharajas of Patiala.
Lachman Jhoola
Across the small Lake in front of Sheesh Mahal is a magnificent suspension bridge which being a replica of theamous Lakshman Jhoola at Rishikesh, is also named as Lachman Jhoola. It links the Sheesh Mahal with the Banasar Ghar on the other side of the lake. The Banasar Ghar now houses the North Zone Cultural Center and a hall for setting up exhibitions.
Shahi Samadhan
The Samadhan, where Maharaja Rajinder Singh once built a garden, now holds cenotaphs of erstwhile rulers, looked after by a mahant.