ICICI Bank Doctor Loan Interest rates in Namakkal
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 Namakkal
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 Namakkal 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 Namakkal
"Namakkal is an administrative district, which is located in the Indian state of Tamil Nadu. The district shares its boundaries with Salem district in the north and Karur district in the south. From the east, this district is bounded by Attur taluk of Salem district and from the west by Erode district. The district is divided into four sub-divisions, namely Tiruchengode, Namakkal,
Rasipuram and Velur. Headquarters of this district is based at Namakkal, which is the first ISO 14001-2004 certified municipality in Asia for environmental management.As per the inscriptions found on the north-western and southern walls of the abandoned temple on the hill, the district was known as Thiruvaraikkal in the ancient times. During that time,
Namakkal was a part of Salem and was ruled by Atikula King, Gunasila.
Later, Hoysalas took control over the region and ruled there till the 14th century. With the end of Hoysalas Empire, Vijayanagara Empire conquered the region and ruled over it till 1565.In 1623, the region came under the administrative control of Madurai Nayaks. It was during the reign of Ramchandra Nayak that the Namakkal Fort was constructed. After Madurai Nayaks, the area was successively ruled by Muslim Sultans of Bijapur and Golkonda, Mysore kings and then the Marathas. Later in 1750, the area came into hands of Hyder Ali, who was succeeded by Tipu Sultan.On 25 July, 1996, Namakkal district was separated from Salem district. It officially started functioning independently from 1 January 1997. In August 2009, this district was ranked second in the comprehensive Economic Environment index ranking of districts in Tamil Nadu by the Institute for Financial Management and Research."
Places To Be Visited In Namakkal
Arungiri Malai
Popularly known as Arunagiri Hills this place is famous for being the location of a Murugan Temple.
Kolli Hills
These hills are very ancient and hold historical significance. The way to reach the hill top is curvy and had more than 70 bends which makes the journey more impressive. It is small mountain range measuring 1300 meter in height and covers 280 sq km.
Rock Fort
Namakkal fort is one of the famous and safest fort in India, located on the top of massive rock at an elevation of 75 meter. It was built during 9th century. Girivalam is he famous procession around the hillock attracts several devotees to seek blessings. One can find a temple and a mosque within the fort.
Anjeneya Temple
This is an ancient temple, around 1500 years old. It is beautifully located below the Namakkal Fort. The prominent feature is 18 feet tall Anjeneya statue which lies across the street and act as Guardian of the fort.
Agaya Gangai Waterfalls
Cascading down from the Kolli Hills on the Eastern Ghats the jungle stream Panchanathi Adda on to the panoramic natural beauty of the hills.
Namagiri Lakshmi Narasimha Swami Temple
This cave temple houses a beautiful stone carved idol of Sri Narasimha Swami that is a special form of Lord Vishnu.