Saving the Saviour- Personal Loan for Doctors

Dr. Rakesh always wanted to serve people, and because of this dream, he opted to become a doctor. He also had a dream to head to his small hometown and set up a free clinic to help the needy.

However, setting up a modern clinic with all the latest equipment was a lot of work, and he was starting from scratch only. Of all his needs, a sound financial assistance was his prime concern.

That’s when one of his batch mates during his M.B.B.S. days suggested him to opt for the personal loans for doctors. In fact, his friend had also set up his clinic with the help of the Personal Loans For Doctors.

As per the suggestions of his friend, he applied for the personal loans for doctors.

The loan was approved instantly. Dr. Rakesh channelized the loan amount to purchase all vital medical equipment as well as medicines.

He also used the remaining amount to fund an ambulance.

Personal loan for doctors – A quick view!

These days, many more doctors such as Dr. Rakesh are applying for the personal loan for doctors to set up their own clinics and do more.

Some vital features of the loan include the following:

Unsecured– The personal loan for doctors is an unsecured type of loan. It means that a medical professional need not provide any collateral or guarantor. The concept is simple – if you are a doctor with a good credit score, then you will get the personal loan for doctors without any hassles.

Availability – You need to go to a creditor’s website and apply for the personal loan for doctors online. You can also get all the information about your eligibility, documents, and other lender’s terms. While sitting at your home, you can see your loan application be approved on the go.

Borrow a high amount – A doctor can avail a personal loan of up to Rs.30 lakh to remodel their clinic or do anything else. A doctor can also repay flexibly, making it quite easy to manage the funds.

What can a doctor use a personal loan for?

If you are looking for the personal loans for doctors, you need to be a medical professional. You may be working in a private or government hospital. You can utilize the loan amount for the following needs:

• Buying medical equipment for the medical practice

• Clinic remodelling or renovation

• Setting up of operation theatre or laboratories

• To buy air-conditioners, computers and other vital office equipment

• To procure medicine or maintaining a stock

A doctor can also use the loan amount to enhance and improve his/her medical practice.

The Bottom Line

The personal loan for doctors is an amazing financial tool. It can assist a medical professional to improve his/her healthcare quality.

If you are a certified doctor who is in the need of funds to improve your practice, you can apply for a personal loan.

The loan will aid you meet your various goals. It will also help to offer you better healthcare facilities for needy people around. Good luck!

Arwind Sharma is a financial advisor with an experience of more than 7 years. He has worked for topmost financial firms in India and has been a visiting faculty at many reputed institutes in India.