Medical professionals are undoubtedly among the top paid professionals. But with this comes the cost of running your business. In order to set up a successful practice, you need to invest in a lot of aspects such as acquiring the latest equipment, staff, infrastructure, and running the clinic. A medical practice loan is a wise choice to tackle all these critical expenditures.

Things to consider
As this loan is customized for a medical professional, you do not need to worry about your eligibility. Your steady cash flow and high earning potential make you a perfect candidate to the lenders. However, there are some things you need to consider before planning to tackle your necessities with doctor finance. You need to pay heed to the following:

  • The loan amount required
  • The loan option you qualify for
  • The repayment tenure and fees associated with the loan
  • Your financial capacity to afford the EMI timely

Once you figure out the answers to the above, you can plan out a successful loan structure without overburdening yourself financially. There are more points you need to keep in mind before availing the loan like the following:

  • Consider specific time-frame
  • Personal guarantee needed for availing a particular amount
  • The interest rate of the medical practice loan
  • Documents required to avail the finance


Apart from these points, make sure to draft a well-defined business plan. Most importantly, you need to research lenders until you find one that suits your needs the best. There are many advantages of investing your time in researching the right lender. Benefits of choosing a good lender include:

  • Maximum loan amount of up to INR30 lakh
  • Flexible repayment tenure ranging from 12 to 96 months
  • Quick approval and disbursal

Reputable NBFCs like Bajaj Finserv offer healthcare finance with all these features. Choosing such lenders who specialise in doctor loans provide an added benefit of low interest rate and customized services.