{"id":962,"date":"2019-08-26T11:20:58","date_gmt":"2019-08-26T11:20:58","guid":{"rendered":"https:\/\/www.piczasso.com\/?p=962"},"modified":"2019-08-26T11:24:30","modified_gmt":"2019-08-26T11:24:30","slug":"know-all-about-professional-loan-eligibility-documents-required-and-interest-rates","status":"publish","type":"post","link":"https:\/\/www.piczasso.com\/know-all-about-professional-loan-eligibility-documents-required-and-interest-rates\/","title":{"rendered":"Know All About Professional Loan Eligibility, Documents Required and Interest Rates"},"content":{"rendered":"

India\u2019s consumption growth continues to fuel the retail lending sector in the country irrespective of the age, and demography of the borrower. The increasing demand for durable consumer loans, credit cards, and <\/span>professional loans<\/b><\/a> reflect the growing preference for the unsecured credits.<\/span><\/p>\n

These unsecured loans are especially beneficial for professionals like medical practitioners, engineers and chartered accountants who often find it challenging to meet their diverse financial requirements.<\/span><\/p>\n

Loans for medical professionals<\/b><\/p>\n

Doctors are increasingly taking to personal setups over full-time or contractual employment at larger bodies. Although, there are many doctors who liaise with hospitals and similar healthcare bodies, a modern private setup is a must-have.<\/span><\/p>\n

However, there are overbearing costs of setting up a clinic, installing medical equipment, and hiring skilled employees. All these expenses and integrations are central to setting up a modern healthcare setup.<\/span><\/p>\n

Catering to such budget crunches, reputed lenders offer their Loan for Doctors that come with multiple borrower-friendly features and provide a high credit amount. The sanctioned sum can be used to \u2013<\/span><\/p>\n

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Maintain the cash flow of the practice<\/span><\/li>\n
Hire skilled employees<\/span><\/li>\n
Set up and expand a clinic<\/span><\/li>\n

Install the top medical software available in India<\/span><\/li>\n<\/ul>\n
Considering such beneficial financial assistance, availing a doctor loan is the best option for young medical practitioners. However, since availing credit is a crucial financial decision and needs to be taken only after a thorough comparison among the available credits in the market. <\/span><\/p>\n
Here are a few other aspects that you need to consider before availing such professional loans \u2013<\/strong><\/p>\n
1- Eligibility criteria for doctor loan<\/b><\/span><\/p>\n
Leading financial institutions take into account the challenges that medical practitioners face to meet both personal and professional financial goals. Hence, they offer both secured and unsecured credits that require easy-to-meet <\/span>doctor loan eligibility criteria<\/b><\/a>.<\/span><\/p>