ICICI Bank Doctor Loan Interest rates in Mysore
| 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 Mysore
| 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 Mysore 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 Mysore
Mysore, the second largest city in Karnataka, is located in the Mysore division and is easily reachable from Bangalore. Located 146 km away, it lies to the south-west of the capital city, spans an area of 128.42 sq km and is located at the base of Chamundi Hills.The word Mysore is derived from “Mahishuru” which literally means the abode of Mahisha. According to a legend, the demon Mahishasura (Mahisha means buffalo and Asura, the demon) was slayed by Goddess Chamundeshwari.
The city came under the rule of the Wodeyars and remained their capital until 1947. After the British took over, the city had lost its status as an administrative centre but was restored to its former glory when Bangalore became the capital of the British.
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Places To Be Visited In Mysore
Mysore Palace
The Mysore Palace is one of the most important places to see in Mysore. It was the official residence of the Wodeyars, the erstwhile royal family of Mysore, which had reigned over the princely state of Mysore for more than seven centuries. The palace was built by the Wodeyar kings first in the 14th century. It was demolished and constructed several times later.
Lalitha Mahal
The Lalitha Mahal is situated near the Chamundi Hills near Mysore. It is the second largest palace in Mysore and was built on the orders of the Maharaja of Mysore, Krishnaraja Wodeyar IV in 1921. It was constructed for the exclusive use of the Viceroy of India. The most remarkable feature about the palace is the architectural style used to build it.It is modelled on St Paul’s Cathedral in London and is one of the major landmarks of the city of Mysore. The palace has been painted in pristine white and makes for a great sight. It was converted into a heritage hotel in 1974 and is now run by the Ashoka Group of the Indian Tourism Development Corporation under the Government of India.
Brindavan Gardens
It is situated very close to the Krishnarajasagara Dam which is built across the River Cauvery. The garden receives as many as 2 million tourists every year. The work on laying out of the garden began in 1927 and was completed in 1932. The garden spreads across 60 acres and contains water fountains, Ficus trees, foliage and flowering plants in great variety. It is maintained by the Cauvery Niravari Nigam, which is an enterprise under the Government of Karnataka. Adjoining the garden, there is a large fruit orchard which is spread over 75 acres.
Chamundi Hills
The Chamundi Hills are situated close to the Mysore Palace and are one of the eight most sacred hills in South India. The average altitude of these hills is around 1000 metres. According to popular belief, the Goddess Chamundeshwari also called Chamundi killed the demon king of the area Mahishasura here and hence these hills are named after her to honour her. The goddess Chamundeshwari was considered to be the protective deity of the royal family. The temple dedicated to the goddess was renovated during the reign of Krishnaraja Wodeyar III and a beautiful tall tower was installed in honour of the deity.
St Philomena’s Church
The St Philomena’s Church was constructed in 1936 in neo-Gothic style modelled on the Cologne Cathedral in Germany. The church is dedicated to St Philomena who was a Latin Catholic saint and martyr of the Roman Catholic Church. She was a young Greek princess who was martyred in the 4th century.A relic of St Philomena was obtained from Peter Pisani, the Apostolic Delegate of the East Indies in 1926. He handed over the relic to Father Cochet who sought help from the king in building the church. The king laid the foundation and the construction was completed under Bishop Rene Feuga’s supervision.
Folklore Museum
Founded in the year 1968, Folklore Museum is one of Mysore's most popular tourist attractions. It mainly exhibits an expansive collection of artworks and crafts that belong to different parts of the state. It is located in the imposing Jayalakshmi Vilas Mansion, which stands within the Mysore University Campus. Since its inception, the university has made immense contributions towards the folklore study.