HDFC Bank Doctor Loan Interest rates in Solapur
| 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 Solapur
| 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 Solapur 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 Solapur
The Solapur District was ruled by various dynasties such as Andhrabhratyas, Chalukyas,Rashtrkutas, Yadavas and Bahamanis. 'SOLA PUR' is believed to be derived from two words 'SOLA'meaning sixteen and 'PUR' meaning village. The present city of Solapur was considered to be spread over sixteen villages viz. Aadilpur, Ahmedpur, Chapaldev, Fatehpur, Jamdarwadi, Kalajapur,Khadarpur, Khandervkiwadi, Muhammadpur, Ranapur, Sandalpur, Shaikpur, Solapur, Sonalagi,Sonapur and Vaidakwadi.British rulers pronounced Solapur as Sholapur and hence the name of the district.The present Solapur district was previously part of Ahmednagar, Pune and Satara districts.
In 1838 it became the Sub-district of Ahmednagar. It included Barshi, Mohol, Madha, Karmala, Indi, Hippargi and Muddebihal Sub-divisions.. After the State reorganisation in 1956 Solapur was included in Mumbai State and it became a full fledged district of Maharashtra State in 1960.
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Places To Be Visited In Solapur
Bhui-Kot Castle
This castle is believed to be built in the 15th century, under the “Bahamani” rule. It had been frequently visited by Shri Shivaji Maharaj. It is also believed to be the castle of Mohammed Adil Shah who was the ruler of Bijapur.
Akkalkot Swami Samarth Maharaj Temple
Akkalkot in the Sholapur district of Maharashtra is the holy abode to Shri Swami Samarth Maharaj, a 19th century saint who is believed to be an incarnation of Lord Dattatreya. This architectural marvel houses a banyan tree whose shade was believed to be the meditation spot of the Swami. From the past till date, teachings of the saint that revolves around kindness and trust on Almighty is extremely popular amongst devotees.
Yevati Lake
Another one of the biggest lakes in Maharashtra, Yevati Lake supplies its water to around 50 villages for their domestic as well as farming requirements. The water is considered to be pure and the natives also use it for drinking purpose.
Hipparga Lake
This is one of the most beautiful and enchanting places to visit in Solapur. The nature has blessed the place with beautiful plants and very exotic birds. This place is a bird watcher’s delight as it harbours a lot of migratory birds which are hard to spot elsewhere.
Siddeshwar Temple
Siddeshwar Temple is one of the most revered and visited temples here. It is in the middle of a lake and being surrounded by water from all the sides make it picturesque. The lake has also derived its name from Shri Siddeshwar and thus it is known as the Siddeshwar Lake. The legend has it that Shri Siddeshwar attained Samadhi in this complex.