Unsecured doctor loans are those loans that can be availed without pledging any collateral security. These loans are quick loans and can be availed for shorter tenure.

Beside enhancing your business, you can take these loans to upgrade your medical equipment and instruments to offer the best possible diagnosis and treatment to the patients.
Many banks and companies in India offer specifically designed and customised unsecured doctor/professional on the basis of the financial statement, work experience and CIBIL score.

The key features of these loans are:

• Loans can be taken without pledging any collateral
• Loan amount of can be up to 1 crore or above.
• The interest rate starts from 10.5% only.
• The tenure of such loan’s ranges from 12 months to 60 months.

Eligibility of unsecured doctor loan

• Super-specialist doctors (MS/MD/DM) need their MBBS degree registered with the medical council.
• Graduate doctors (MBBS) need their MBBS degree registered with the council.
• Dentist (BMS/MDS) need at least 5 years’ experience from the date of registration.
• Ayurvedic and Homeopathic doctors (BHMS/BAMS) need at least 2 years’ experience from the date of registration.