Name: Doctors Loan
Brand: L&T Finance
Price: Upto ₹ 75 Lakh* INR
Availability: InStock

Get a Doctor Loan of up to ₹ 1 Cr. without collateral. Benefit from repayment tenure of up to 60 months and competitive interest rates starting from 11.25%* p.a. With quick approvals and easy application process, you can focus on growing your practice. There are no hidden charges or additional fees. With our Doctor Loan, you can invest in new equipment, open a new clinic, or manage working capital.

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

Customised Loans

Doctor Loan of up to ₹ 1 crore without any collateral or security

Competitive interest rate

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

Repayment Period

Loan tenure of up to 60 months and pay your EMIs easily

Overdraft Facility Available

Additional withdrawal facility available for easy fund access

Collateral Free Loans

Doctor Loans without collateral for easy access to funds

Simple Process

Easy application process with real time update of stages

EMI Calculator

Results generated by the calculator(s) are indicative in nature.

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

Apply Now

Eligibility & Documents

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

Seamless Loans, Simplified Experience

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

FAQs & Support

View all

What are the different types of Doctor Loans?

L&T Finance Doctor loan covers business loan for clinic setup, equipment loan for medical devices and working capital loan for operational expenses.

Who is eligible for a Doctor Loan?

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

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 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

Testimonials

LAP

L&T Finance made my homeownership and business growth easier! After taking a home loan with another bank, I needed additional funds to expand my business. L&T offered a quick response, pre-approval, & a streamlined process with minimal paperwork. Plus, I received lower interest rate & maximum funding!

Amol Hirawadekar

Mumbai

SME Loan

Expanding my business to tier-2 cities was a key goal, and L&T Finance made it possible. Their SME loan process was quick and seamless, with KYC and document upload done in just a few clicks. I can easily track repayments and prepay EMIs anytime, making it a game changer for my business!

Varun Shroff

Bengaluru, Karnataka

SME Loan

Starting a C&F agency seemed impossible due to funding issues, but L&T Finance made it happen. Their executive guided me through the process, and everything was done online. The loan was processed in 2-3 days, and I now have access to all my loan details on the PLANET App.

Fareem Begum

Cuttack, Bhubaneswar

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

Housing Loan

I was looking to buy a property and L&T finance Housing Loans stepped in forward to cater to all my demands, the ease of the documentation processes and their commitment to provide disbursement at the earliest. Whatever I asked, the team was there support at every step to get me through.

Mr. Sharad Pandey

Captain, Merchant Navy

Housing Loan

The process of applying L&T Finance Housing loans was a very easy and seamless process. And the credit goes to L&T Finance's entire Housing loan team. They have been extremely helpful & quick response. A very transparent process, the best of the market rates and quick disbursement.

Amit Chaturvedi

Powai, Mumbai

Personal Loan

I spotted an L&T Finance Consumer Loans ad and applied. After my verification call, my request for loan was approved and the loan amount was transferred in the following 24 hours. L&T Finance Personal Loans provided me timely, financial help.

Vinod Bidlan

Andheri, Mumbai

Personal Loan

I was aware of L&T Finance Consumer Loans, as I have already benefited from their services in the past. They had even clarified my doubts about T&C and loan process by calling me up at my convenient time. Because of such good support, I decided to take loan again from L&T Finance Personal Loans.

Chirag Mehta

Ahmedabad, Gujarat

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.