Various Bank Loans Available For A Dentist In India
This article gives a list of all the major bank loans that are available for a dentist in India. All the major bank loans exclusively for the dentists have been mentioned in one article.
You will get some exclusive features and benefits with your HDFC Bank Professional Loan
In – Principle loan eligibility in 1 Minute online and across all branches
Convenience of contacting the bank through SMS, Webchat, Click2Talk, PhoneBanking and at Branches
Professional Loan is also available on the basis of repayment of home loans, auto loans and credit cards.
Loan Amount up to Rs. 20 Lakhs (Up to Rs. 50 Lakhs in selected locations).
Flexible repayment options ranging from 12 – 60 Months.
Credit Protect Insurance Plan:
We help you take care of your loved ones with a Credit Protect Plan to cover your loan at a nominal premium.*In case of Natural / Accidental Death of the customer, the customer / nominee can avail of the Payment Protection Insurance (Credit Protect) which insures the principle outstanding on the loan up to a maximum of the loan amount.We will charge a premium for this product, and the premium amount will be deducted from the loan amount at the time of disbursal. We will also charge service tax and applicable surcharge/cess at the rates notified by the government.
Secure your business loan with Credit Protect.
Key benefits of policy
Protects the family by paying off the loan amount in case of death of the customer
Life Coverage – provides peace of Mind
No need to use other savings to repay the loan
Tax Benefits as per applicable laws
One convenient package – loan + insurance
* Premium will be charged for Credit Protect will be deducted from the loan amount at the time of disbursal.
(* terms and conditions of the Insurers shall apply, Above product is offered by HDFC Life Ins Co.ltd)
Already have a Professional Loan?
Reduce your EMI, transfer your existing Professional Loan to us. Professional Loan balance transfer offers special and exclusive benefits.
Interest rate as low as 12.99* % on existing loan transfer.
Processing fees as low as 1.25%
Now reduce your EMI burden with our balance transfer programme.
Apply now for a Professional Loan Balance Transfer.
Eligibility and Documentation of Loans for professionals
Get details on eligibility criteria & documents required for HDFC Bank Loans for professionals
Doctors, Chartered Accountants, Architects and Company Secretaries Professionals involved into Self Practicing or Consultancy.
With:
Minimum Experience: 4 years Post Qualification experience for Doctors/ Chartered Accountants & 5 years Post Qualification experience for Company Secretary / Architect.
Minimum Annual Income (ITR): Rs. 1 Lakh p.a.
Business must be profit making for the last 2 years
Age of Applicant: Min 25 years & Max. 65 years at the time of loan maturity.
Documents you will need to submit:
Qualification proof of the highest professional degree.
PAN Card – For Company /Firm/ individual.
Proof of your identity: Copy of Aadhaar Card/Passport/Voters ID card/driving license/Pan Card.
Proof of your address: Copy of Aadhaar Card/Passport/Voters ID Card/Driving License .
Bank Statement (latest 6 months)
Latest ITR along with computation of income, Balance sheet and Profit & Loss a/c for the last 2 years. Financial should be CA Certified/Audited.
Proof of continuation (ITR/Trade license /Establishment /Sales Tax certificate)
Other Mandatory Documents (Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original) Official Link.
Bank of India Doctor’s loan
Purpose
Purchase of equipments, setting up of Clinic, X-ray Lab, Pathological Laboratory, Nursing Home, Poly Clinics etc., clinic-cum-residence, expansion/renovation/modernization of existing premises.
Purchase of vehicles, ambulance, computer etc. for medical practitioner.
Working Capital requirement including stock of medicine /disposables.
Eligibility
Individuals/Partnership/Companies/Trusts.
Applicants / Promoters should have recognized qualification in any branch of medical science like MBBS /BAMS/BDS/BHMS or any recognized degree in Physiotherapy / Radiology etc and should have minimum practical experience required to establish Hospital/Nursing Home/Clinic.
In case Individual, he / she should be a qualified and registered medical practitioner and should have minimum practical experience required to establish Hospital/Nursing Home/Clinic.
Partnership – Out of total partners at least 50% should be qualified and registered medical practitioners.
Company – At least 50% of the promoter / directors should be qualified and registered medical practitioners.
Trusts – Trusts should be registered and having power to borrow. At least one of the trustees should be qualified medical professional and Registered Medical Practitioner.
