Name: Doctors Loan
Brand: L&T Finance
Price: Upto ₹ 1 Cr* INR
Availability: InStock

As a doctor, your priority is delivering the best care to your patients. To maintain high standards of treatment, your clinic or medical facility must be well-equipped, efficient, and ready to meet evolving healthcare needs. L&T Finance Business Loan for Doctors empowers you to do just that — by providing the financial support you need to grow and strengthen your medical practice.

Whether you’re setting up a new clinic, upgrading medical equipment, expanding your facilities, or managing working capital, L&T Finance Business Loans for Doctors offer flexible, transparent, and hassle-free financing — so you can focus on what truly matters: your patients.

Features & Benefits
EMI Calculator
Documentation
Eligibility
Fees & Charges
Frequently Asked Questions

Customised Loans

Get a Doctor Loan of up to ₹1 crore without any collateral or security, allowing you to invest in your professional growth without financial stress.

Competitive interest rate

Benefit from competitive interest rate starting from 11.25%* p.a.

Flexible Repayment Period

Choose a loan tenure of up to 60 months and manage your EMIs conveniently based on your cash flow.

Overdraft Facility

Access an overdraft feature that enables additional withdrawals for short-term fund needs.

Collateral-Free Loans

Doctors can apply for loans without pledging assets, ensuring easy access to funds.

Simple Application Process

Experience a quick and paper-light loan process with real-time updates on your application status.

Doctor loan EMI calculator

Use our Doctor Loan EMI Calculator to estimate your monthly repayments easily..

Preferred loan amount

₹

₹7,00,000

₹1,00,00,000

Interest rate (per annum)

11.25%

15.05%

Loan tenure (months)

12 months

60 months

Estimated EMI

per month

₹ 36,690
Interest payable
₹52,41, 690

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Eligibility Criteria & Documents Required for Doctor Loan

Eligibility

Age:

24 - 65 years

Ownership

Residence or Office to be owned

Minimum Practicing Vintage

Your business should have been operational for at least 3 years

Credit History

A minimum of 6 months of credit history is required.

Documents

KYC Documents:

Entity - PAN Details, Entity Registration Docs - depending on Entity Type (Shop Act / GST Returns / MOA / AOA / Certificate of Incorporation / Partnership Deed / LLP Agreement)

Individual (Proprietor / Partner / Director) – PAN Details, Any 1 OVD Document containing updated current address (Aadhar Card / Voter ID / Driving License / Passport / Utility Bill + Rent Agreement)

Income Documents (wherever applicable):

Latest 2 years – Audited Financial Statements, Income Tax Returns, Tax Audit Reports, 6 months GST Returns

Bank Account Statement (wherever applicable):

Operative Bank Account Statement for Last 6 months

Qualification Documents:

Degree certificate | Medical Council Registration Proof | Qualification Proof

Others Documents:

Ownership Documents ((Any 1) - Utility Bill / Sales Deed / Index II / Property Tax Receipt), Board Resolution, List of Shareholders, List of Directors

Doctor Loan Fees & Charges

List of all fees and charges for Doctor Loan

Charge type -Small Medium Enterprise (SME) Term Loan / Drop line Over Draft (OD) / Hybrid Over Draft (OD)
Details
Processing Fees
Up to 3% on sanctioned amount + applicable taxes
Facilitation Fee
For loans with Sanction up to Rs. 25 lakhs - Up to Rs.5,000/- + applicable taxes
For loans with Sanction above Rs. 25 lakhs – Up to Rs.10,000/- + applicable taxes
EMI Dishonour/Bounce Charge*
*A bounce charge is a charge for
(i) dishonour of any repayment instrument; or
(ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate
As shown in the table below

Loan sanction amount (in INR)

Charges in (in INR)

< 5 lacs

₹ 500

5 – 50 Lacs

₹ 1000

>50 Lacs – 2 Cr

₹ 1500

>2 Cr

₹ 2000

Penal Charge/Late Payment Charge (LPC)
Up to 2% per month (p.m.) on overdue EMI + applicable taxes
Part Prepayment Charges (For Term Loan)
Within 6 months of disbursement: Not allowed
Post 6 months of disbursement: Up to 2% + applicable taxes on total part-prepayment amount
Part Prepayment Charges (for Dropline Overdraft / Hybrid Overdraft)
Nil, Part - prepayment of Loan will not amount to limit reduction.
Annual Maintenance Charges (AMC) (For Term Loan):
NIL
Annual Maintenance Charges (AMC) (for Dropline Overdraft)
0.5% + applicable taxes, on the Dropline limit starting on the 13th Instalment and every anniversary thereafter
In the event the average utilization of the Dropline Limit Facility, calculated based on daily limit utilization of the Borrower, is less than 50% for the preceding 365 days, then the Lender shall charge the Borrower twice the Annual Maintenance Charges as stipulated in the Schedule
Annual Maintenance Charges (AMC) (for Hybrid Overdraft)
No upfront charges/Zero charges at the time of disbursement for the Hybrid Limit. 0.5% + applicable taxes, on the Hybrid Limit as on the 13th Instalment & every anniversary thereafter
In the event the average utilization of the Dropline Limit Facility, calculated based on daily limit utilization of the Borrower, is less than 50% for the preceding 365 days, then the Lender shall charge the Borrower twice the Annual Maintenance Charges as stipulated in the Schedule.
Foreclosure Charges:
- After 6 months of disbursement: Up to 5% + applicable taxes if applicable on outstanding amount for Term Loan/ on Dropline/Hybrid limit amount on the date of such foreclosure
- Prior to 6 months of disbursement: Up to 6% + applicable taxes if applicable on outstanding amount for Term Loan/on Dropline/Hybrid limit amount on the date of such foreclosure
Repayment instrument Swap Charges (per swap):
Up to Rs.500/- + applicable taxes (applicable only for branch walk-ins)
Document retrieval / Duplicate NOC charges
Nil for digital copy.
Charge for paper copy is Up to Rs.1000/- + applicable taxes per statement/letter/certificate.
Legal fees and charges:
As per actuals or Up to Rs. 50,000/- whichever is lower + applicable taxes
Recovery charges:
As per actuals or Up to Rs. 15,000/- whichever is lower + applicable taxes
Field collection service charge:
Up to Rs.500/- per collection + applicable taxes

Seamless Loans, Simplified Experience

Download the Planet app for a one stop loan solution with effortless management at your fingertips. Learn More

How to Apply Doctor Loan

Apply for Doctor Loan with these steps

FAQs & Support

View all

How can I track the status of my doctor's loan application from L&T Finance?

Through the L&T Finance Planet App, you can track your Loan Application Status in real-time. Regular updates are provided to keep you informed about the progress of your application.

Are there any tax benefits associated with a Doctor Loan?

Interest paid on a Business Loan for doctors can often be claimed as a business expense, potentially reducing taxable income. It's advisable to consult with a tax professional to understand specific benefits.

Can I get a Doctor Loan with a low credit score?

A low credit score does not automatically disqualify you. You may still be eligible depending on your income stability and repayment capacity. Contact our loan representative for a personalized assessment.

Can I get a Professional Loan for a doctor if I have a low credit score?

While a good credit score improves your chances, having a low score doesn't necessarily disqualify you. You can still get a loan. Contact our customer care representative to know more.

What are the different types of Doctor Loans?

Doctor Loans cover multiple purposes such as clinic setup loans, medical equipment financing, and working capital loans for ongoing expenses.

What is the maximum amount available under a Business Loan to a doctor?

The maximum loan amount available under a Business Loan for doctors is up to ₹75 lakhs, providing substantial funds for various professional needs.

Who is eligible for a Doctor Loan?

Here are the eligible for a Doctor Loan:
Age: 24 - 65 years
Business Turnover: ₹80 Lakh – ₹250 Crore
Business Vintage: Minimum 3 Years
Bureau History: At least 6 months

What is the maximum tenure for a doctor professional for a Business Loan?

The maximum tenure for a loan for MBBS Doctors is up to 60 months, allowing for manageable monthly repayments.

What are the benefits of taking a Professional Loan for doctors?

Benefits include high loan amounts, competitive interest rates, no collateral requirement, flexible repayment terms, and quick disbursal.

Can I apply for a Doctor Loan with a co-applicant?

Yes, you can apply for a Doctor Loan with a co-applicant to set up your clinic. This can sometimes improve the chances of loan approval and may offer better terms.

Explore all FAQs

Business Loan

Setting up a molecular lab post-pandemic was challenging, but L&T Finance made it possible with quick turnaround, minimal documentation, and competitive rates. Thanks to their support, I expanded services, reduced waiting times, and offered new tests, serving more people efficiently.

Dr. Hrishikesh Chevle

Thane, Maharashtra

SME Loan

As a 2nd generation entrepreneur, expanding my PVD coating business was made easy with L&T Finance. The process was fast & smooth, with minimal paperwork & the best interest rates. All documents got digitally uploaded & approved. PLANET App mae part payments & additional withdrawals easy.

Harsh Gosalia

Pune, Maharashtra

SME

The special aspects of L&T Finance SME Loans are their faster turn around time, minimal documentation. I had a very good experience with L&T Finance SME Loans and I recommended it to a lot of my Doctor friends who have equally benefitted.

Dr. Hrishikesh Chevle

Pathologist, Alpine Diagnostics