ICICI Bank Doctor Loan Interest rates in Erode
Up To 10,00,000 | 10,00,000 Above | |
---|---|---|
Salaried | 12.50% | 13.00% |
Self Employed Professional Doctor | 12.75% | 13.25% |
Features of ICICI Bank Doctor Loan Erode
Type | Features |
---|---|
Processing Fee | upto 2.25% |
Pre Closure Charges | Nil |
Part Payment Charges | Allowed |
Min Tenure | 1 Years |
Max Tenure | 5 Years |
Min Age | 24 Years |
Max Age | 55 Years |
Min Loan Amount | Rs.5,00,000/- |
Max Loan Amount | Rs.30,00,000/- |
ICICI Bank Doctor Loan Erode Charges
Type | Charges |
---|---|
E M I Bounce Charges | Rs. 500 per Bounce+S.T |
Penal Interest | @24% Per Annum |
Duplicate Statement Charges | Free |
Insurance Cover | Upto Loan Amount |
Cheque Swapping Charges | Rs. 500 |
Issue Amortization Schedule Duplicate | Rs. 200 |
N O C Issuance Charges | Free |
Duplicate N O C Issuance Charges | Nil |
Loan Cancellation Charges | Nil |
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
ICICI Bank Doctor Loan FAQ's
About ICICI Bank
The Bank provides a range of commercial banking and project finance products and services, including loan products, fee and commission-based products and services, deposit products and foreign exchange and derivatives products to corporations, middle market companies and small and medium enterprises in India. Its commercial banking operations for retail customers consist of retail lending and deposit taking and distribution of third party investment products. It also offers agricultural and rural banking products.
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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 Erode
"Erode was under the regimes of Cara kings in 850 A.D. Thereafter (in 1000 A.D. - 1275 A.D.) this place came under the rule of Cholas with Dharapuram as their Headquarters. Subsequently it came under the control of Padiars (from 1276 A.D.). Only during this period, a ruler by name Veerapandian caused the digging of Kalingarayan Channel. Then the Muslims (Modeen Sulthans) took over the rule after which Nayaks of Madurai ruled. Then Hyder Ali and Tippu Sultan had their sway.
In 1799 when Tippu fell to the British, the East Indian Company took over the administration.During Hyder Ali's regime, this town flourished with 300 houses. A population of 1500, a mud fort, with a garrison of 4000 soldiers surrounded by coconut groves and fertile lands bounded on the north by River Cauvery and east by Kalingarayan channel (By Bucchanan 7th and 8th November 1800). But owing to the successive wars of Marathas, Mysore and British invasions, it become almost deserted and ruined. However, as peace was restored by the British, the people returned and settled here. Within a year it began to grow with 400 houses, and a population of 2000. The garrison withdrew in 1807, and the ruined fort was levelled as a relief work during the famine in 1877. The place enclosed within the rampart was occupied by the houses. About a mile and half east of the town, there is an old bridge which spans River Cauvery. The wall at ""Pechiparai"" situated at the present V.O.C.Park was once celebrated for its ""wholesome and milky water"". There are two old temples - one dedicated to Lord Siva and the other to Lord Vishnu. The root for the name of the Town ""ERODE"" may be because of the existence of the two water courses viz., Perumpalayam and Kalingarayan Canal, (hence Eru Odai, meaning two rivers in Tamil). But there is also a legend which says that the place apparently derives its name from the words ""Eera Odu"" which means ""well skulls"". According to the story, Dakshaprajapathi, who had given his daughter in marriage to Lord Siva, conducted a Yaga. For this Yaga, Lord Siva was not invited. However, Dakshyayini came to take part in this Yaga much against the wish of her husband Lord Siva. On coming to Yagakundam, Dakshyayini was not welcomed by her parents or anyone. She was vexed and threw herself in the Yagakundam and burned to ashes. On hearing this, Lord Siva got highly enraged, proceeded to the sacrificial spot and threw every one present including Brahma. The skulls and bones were thrown in River Cauvery and remained wet always. Hence the name ""Eera Odu"" (wet skull) - Erode.
"
Places To Be Visited In Erode
Vellode Bird Sanctuary
One of the favourite places to throng, Vellode Sanctuary is extended over an area of 77.1 hectares, and is situated in the Vadamugam Vellode village, 12 Kms from the city. The sanctuary serves as a dwelling place to several migratory birds as well as fishes and other aquatic animals.
Thindal Murugan Temple
One of the major places of worship in the city, Thindal Murugan Temple is devoted to the reincarnation of Lord Vishnu, Lord Muruga. This place is situated on the Thindal village at a small hill and is 6 Kms from the city centre.
Government Museum
The Museum displays provincial art and traditions and was opened in 1987 for the public. Government Museum is one of the main attractions in the city which outlines different and beautiful handicrafts, artifacts and stones from Bargur.
Fortified Temples
Fortified Temples are the important religious place in the district. The city is formed around a damaged fort, which houses a temple for Arudra Kabaleeswar, dedicated to Lord Shiva and the other for Kasthuri Ranganatha Perumal which is dedicated to Lord Vishnu.