Unlock exclusive home loans for doctors only!
Certain banks and financial institutions provide home loans for doctors that are tailored for medical professionals. This facilitates healthcare practitioners in achieving homeownership via home loans at affordable interest rates and various advantages.
Here are the multiple advantages of applying for a home loan for doctors:
Many financial institutions offer this loan at a competitive rate, enhancing its appeal
Online platforms like Bajaj Markets ensure swift approvals on home loans
These come with flexible tenures that enable you to repay the loan over a period that suits your financial capabilities
Easily transfer your existing home loan to another lender offering lower interest rates, and benefit from the option for a substantial top-up fund
Some institutions provide exclusive pre-approved home loan offers for doctors
You must fulfil the following requirements before you apply for a home loan for doctors:
You must be a residential Indian citizen
Your age must be between 23 and 70 years
You must have a CIBIL score of around 700 or higher
You must hold an MBBS or subsequent higher degree
You must have at least 3 years of experience as a medical practitioner
*Note that these requirements may vary from lender to lender.
Submit the documents listed below to ensure that your home loan application is successful:
Application form
Identity proof (Aadhaar Card, Voter Card, Driving Licence)
Residence proof (Aadhaar Card, Passport, Utility bills, Voter Card)
KYC documents
Qualification proof
ITR for the past 2 years
Profit and loss statement for the previous two years
Bank statements for the past two years
Property documents
Simply follow the steps given below:
Go to the financial institution's website or app
Visit the loan application section
Carefully fill in the application form with your basic details
Submit your application along with the required documents
You will be contacted by the lender’s officials for further processing
Yes, several institutions offer home loans for doctors at a low interest rate.
Lenders consider a score of 700 or higher as a good score when reviewing your home loan application.
A doctor's home loan is a specific financing option offered by a limited number of banks and financial entities to medical practitioners only. This loan offers a number of benefits to doctors, such as reasonable interest rates, flexible repayment tenures, easy balance transfer facility, etc.
Each financial firm has its own set of products. You can evaluate them based on their interest rates, processing fees, and other charges to determine which is the best option.