Who We Are
Professional Doctor Loan Overview
Doctor Loans
Nitstone Finserv is a Non-Banking Finance Company (NBFC) that provides financial products for different customer groups. Whether you are a business owner, salaried individual, student, or medical professional, Nitstone offers structured loan options based on eligibility. Doctors can apply for professional loans to support their practice. Physicians who own clinics or work in private or government hospitals may apply for doctor loans. These loans may be used for needs such as managing professional expenses, purchasing equipment, or supporting clinic-related requirements.
Benefits & Features
At Nitstone Finserv, we offer doctor loans in Bangalore designed for professional financial requirements. Key features include: Standardised interest rates as per policy, repayment options based on eligibility, available for salaried and self-employed doctors, defined processing steps, loan tenors as per assessment, approvals based on internal criteria, option for credit line facility, withdraw funds when permitted, interest charged only on the utilised amount as applicable.
Eligibility & Documents
Eligibility Criteria
- Recognised medical degree (MBBS, BAMS, BHMS, or equivalent).
- Minimum 5 years of professional experience.
- Credit score of 750+ preferred.(700+ above)
- Stable residence or professional address history.
Documents Required for Doctor Loan
- Completed loan application form
- Qualification certificate
- KYC documents (Identity & Address proof, PAN card)
- Last 6 month's salary slips (for salaried doctors) or financial statements (for self-employed doctors)
- Last 6 month's bank statements
- Income Tax Returns for the last 2 years
- Proof of residence or owned property
Note: Loan approval and disbursal are subject to eligibility, verification, and company policies.
Ready to Apply
Apply NowHow to Apply
Step 1
Click on Apply to access our online form. Complete the details and submit the application.
Step 2
A Nitstone representative will review your application and contact you to discuss the next steps.
Step 3
Provide the required documents for verification.
Step 4
Loan processing will proceed according to standard verification and approval procedures.
Fees & Charges
Fees & Charges
|
Types of fees |
Charges applicable |
|---|---|
|
Interest Rate |
16 % to 25 % |
|
EMI Bounce Charges |
INR 100+ GST for every bounce |
| Processing Fee |
1 % to 2 % on Loan Amount |
|
Part Prepayment |
1 % on the paid part payment amount |
|
Foreclosure Charge |
1 % on principal outstanding |
| Penalty charges |
INR 500+ GST |
| Convenience Charges |
INR 2000 |
- Foreclosure: charges will be applicable on the current principal outstanding.
-
Part payment made should be more than 1 EMI.