Loan for doctors is provided to help doctors fulfill their professional dream to set up a medical clinic or hospital, buy new clinical equipment for a medical clinic or renovate or improve existing clinic.Doctors can also take personal loans for their personal use which is know as personal loan for doctors. There are various banks and NBFCs available in India which offer doctor loans at comparative interest rates.
Being a doctor is an honorable profession, and we at VR Business Solutions recognize your services and provide a range of schemes for easy loans.A Doctors Loan has no end-use restrictions, requires no collateral, and comes with longer tenures, making it the perfect solution to meet your financial goals stress-free.
Some of the basic purposes for which this loan is granted includes to set up a clinic or X-ray Lab,buying new clinical equipment or for expansion, renovation,or improvement of existing clinic.
Your CIBIL score is a marker of your creditworthiness and repayment capability. If you have a healthy credit score, i.e., above 750, your loan approval chances go up significantly. This criterion is especially helpful in approving a Doctor loan as the lender never asks the borrower to pledge any collateral. So, a high CIBIL score is one of the top factors that helps them arrive at an approval decision.