Medical Professional Loan
A self-employed professional loan is a type of financing specifically designed for professionals like doctors, chartered accountants, company secretaries, architects and consulting engineers. You can use it to manage cash flow, invest in growth, or seize new opportunities for your practice with no collateral requirements. These loans offer flexible repayment options and competitive interest rates. They are also quick to process, so you can get the funds you need quickly.
Purpose :
-
Expand your practice.
-
Improve your cash flow
-
Manage your debts
-
Seize New opportunities
Features :
-
Collateral Free
-
Instant
-
Choose between Term Loan and Dropline overdraft
-
Pay interest only on the amount utilised
-
Interest as low as 11% per annum
Eligibility :
Loan to doctors:
Can be availed by doctors (MD, MBBS, BAMS, BHMS, MDS, BDS and Veterinary, Physiotherapist)
Loan to other professionals:
Can be availed by Engineers, Chartered accountants, Company secretaries & Architects
Loan to non-individuals:
Can be availed by Diagnostic Centers, Clinics & Hospitals
Age Limit:
Minimum - 23 years (21 years if parents are in the same profession)
Maximum - 68 years (at the time of loan maturity)
Profitability:
Positive net worth and cash profit in last 2 years
Documentation
Salaried Professionals
-
Photo identity proof, address proof: As per RBI defined KYC guidelines.
-
Education Proof- Degree certificate, Degree registration
-
3 Months Bank Statement
-
Employee ID Card
-
Residence Ownership proof
-
3 Months Salary Slip
Self Employed professionals and Entities such as Hospitals, Diagnostic centers
-
Photo identity and Address proof: As per RBI defined KYC guidelines
-
Education Proof- Degree certificate, Degree registration
-
Ownership proof of residence or office as applicable
-
Business Proof: Shop Act License/MOA & AOA/GST registration/ITR, Partnership Deed, Udyam Certificate
Any one of the additional documents as per program.
Basis Banking – 2 years ITR & Computation, 12 months banking
Or Basis Degree - 3 months banking
Or Basis Income - 2 years ITR & financials, 12 months banking
If you need more specific information or examples tailored to a particular professional category, feel free to ask at +91 9971616262, or Email us at support@ashafinanceinvestment.in