How can doctors take a personal loan to build their clinic?



Every doctor wants to grow in the healthcare industry and help out more and more people. One of the best ways to do that is by opening a clinic. But opening a clinic can be tough, as it comes with several expenses. The first and foremost step is to talk to a professional consultant who can help you understand the different challenges and expenses that go into opening a clinic. like hiring staff, medical equipment, and machinery for imaging and diagnosis. It is especially difficult during the initial days when you can be on a tight budget.


So, How Can You Finance Your Dreams?

One of the best solutions for your financial needs can be a personal loan for doctors. Personal loans are an excellent option to expand your dreams and end the long wait to fulfill them. There are many reasons for choosing personal loans to help you open a clinic. Besides helping you pursue your dreams, you also get the advantage of lower interest rates and small loan amounts. Many services like Peerless Finance offer the benefits of top-up, where you can top up your existing plan. Paying off the loans at Peerless is very easy, as you can pay in 60 easy installments.

But to reap the benefits of a personal loan, you need to know the eligibility criteria to apply for an instant personal loan for doctors.


What Is The Eligibility Criteria For A Personal Loan?


Any person who wants to apply for a loan has to meet the following requirements:


  • Age: Anyone who wants to take a loan should be more than 24 years of age and younger than 60 years of age.
  • Your field of specialization: If a doctor wants to apply for a personal loan, they must have an MBBS with three years of experience post-registration with the Medical Council BDS.
  • No experience is required for MD/MS/DM
  • Salaried or self-employed doctors operating as medical practitioners can apply for a personal loan for doctors to open clinic.
  • Any person applying should be an Indian resident with a minimum of one year at their current residence including rental arrangements.


What Are The Essential Documents For A Personal Loan?


  • Address proof: A copy of your passport, driving license, proof of possession of the Aadhaar number, or the Voter’s Identity card can be used for this purpose.
  • PAN Card
  • Bank statement for the last six months
  • Educational Qualification Certificate
  • Retainership Letter (if any)
  • Income proof: Three-month payslips or Form 16A/ IT returns for the last two years
  • Collateral/ guarantee depending on the loan amount
  • One recent passport size photograph


Bottom Line

One of the most important things to keep in mind when applying is to go for a trustworthy name. A financial service you can consider is Peerless Finance, which has very lucrative schemes and a simple application process. They have facilities like hassle-free check off with the NACH facility. The quick disbursal and zero pre-closure charges are quite beneficial for doctors who are planning on building a clinic.

Saptarshi Roy Bardhan