Professional Loans to Doctors are collateral-free and help doctors to facilitate the needs such as expansion of business, upgrade equipment, set-up/upgrade clinic and much more. This facility comes with the advantages of a speedy disbursal process, flexible repayment schedules and competitive interest rates. This exclusive doctor loan is designed for medical professionals who require instant access to finance.
The loan is available for following purposes:
Type | Collateral-free term Loan |
Funding Range | Minimum above: 5 lacs Maximum upto: 35 lacs |
Features | Doorstep service, Minimum documentation, Quick processing & collateral-free |
Repayment Period | 12 months to 48 months |
Pricing | Attractive rate of interest |
DESCRIPTION | CHARGES |
---|---|
Rate of Interest | Fixed |
Non-Refundable loan Processing Charge | Upto 2% of Loan amount |
Prepayment Fees (Pre-closure or Part Payment) | 4% plus applicable taxes, |
Delay EMI Payment Charges | 2% + GST on total overdue (P+I) or 100 + GST whichever is higher (Cash basis - non Ageing / on non-payment within 3 days of Due date) |
No Due Certificate/ No Objection Certificate (NOC) | NIL |
Duplicate No Due Certificate/ No Objection Certificate (NOC) | Rs.200/- plus applicable taxes |
Charges for dishonor of PDC / ECS /SI | Rs. 500/- plus applicable taxes |
PDC Swapping/Repayment mode change Charges | Rs. 500/- plus applicable taxes, per event |
Duplicate Statement Charges | Rs. 500/- plus applicable taxes, per event |
Loan Cancellation Charges | Rs. 5000/- plus applicable taxes plus interest for period of loan utilized |
Duties, Taxes | As per state/Applicable laws |
Legal Charges | As per actuals wherever applicable |
Interest Rate – Q1 2021-22 | ||
---|---|---|
Minimum | Maximum | Mean |
11.50% | 11.50% | 11.50% |
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Annual Percentage Rate – Q1 2021-22 | |
---|---|
Minimum | Maximum |
11.50% | 11.50% |
Terms and Conditions apply. All Loans at the sole discretion of IndusInd Bank Ltd.
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