Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.

Personal Loan For Doctors

SMFG India Credit now offers personal loans specifically for professionals such as healthcare consultants and practicing doctors working in a private or government hospital or even a clinic. 

Make more room for life with the best personal loans from SMFG India Credit that you can apply for instantly online and also visit the branch. Simply calculate your personal loan eligibility in a matter of a few minutes. Our personal loans come with attractive interest rates, offer maximum flexibility with minimal documentation and less than 72 hours of approval and disbursal time.

Features And Benefits


Instant Online Approval

Check your eligibility, fill a form online, upload your documents and get instant approval!

Online Account Access

Customised mobile portal to help you manage your doctor loan anytime, anywhere


Money disbursed in 72 hours*

Get the requested funds in your bank account within 72 hours* after your doctor loan is approved.


Affordable Interest Rates

Starting as low as 11.99%*, our personal loan interest rates promise value for your money.


Loan upto 30 lakhs*

Get up to 30 lakhs* with flexible repayment tenures ranging from 12 to 60 months

*Terms and Conditions Apply

Personal Loan Eligibility Criteria for Doctor

All resident citizens of India, between the ages of 21 years and 60 years and earning a minimum income can avail a personal loan from SMFG India Credit. Personal loan for doctors is available to both salaried professionals working with an established and doctors with independent practice. If you are salaried, your minimum income should be  ₹25,000 (or residents of Mumbai and Delhi), or ₹20,000 (for residents of other locations in India). For self-employed professionals, a minimum annual profit after tax is applicable instead. To know more, visit the personal loan eligibility page.

Doctor Loan Interest Rate

SMFG India Credit offers personal loans starting at interest rates as low as 11.99% per annum. The interest rate offered to you would vary based on your credit score, existing relationship with us, the total loan amount and tenure, and whether you have an independent practice of work with an establishment. Processing fee of up to 3% of the loan amount is also applicable.

Personal Loan Interest Rate In India - Nov 2023

Personal Loan Interest Rate

11.99% to 36%

Processing Fee

Up to 3% of loan amount

Loan Tenure

Up to 60 months

Lowest EMI Per Lakh

₹2,275 for 60 months

Prepayment Charges

0% to 7%*


*Please click to see more on personal loan interest rates, fees and charges

Documents Required to Avail Doctor Loan

Documents required for personal loans include:

  • KYC documents such as driving license, Aadhaar card, and voter ID card
  • Last 2 months’ salary slips (for salaried) or income proof (in you have an independent practice)
  • Last 3 months’ bank account statements of your salary account (for salaried) or current account (in you have an independent practice)
  • For more details, check our documentation for personal loans page.

How to Apply for a Doctor Loan?

The general perception is that doctors with their income potential do not have to depend on doctor loans. However, it takes years to establish their practice and build a reputation that enables them to generate income to a high level. In the meantime, circumstances may crop up where they need to avail instant cash to cater to short term financial requirements. A doctor loan is ideal for such situations. 

To apply for a doctor loan, you need to:

  1. Check with your preferred lending partner that you need the minimum eligibility parameters to apply for a doctor loan
  2. Fill out the necessary application form with all the relevant personal, professional, and financial information
  3. Submit the application and upload the soft copies of the required documentation
12 Months60 Months

Your Calculated EMI*



What is a Doctor Loan?

A personal loan for doctors or a doctor loan is a collateral-free loan exclusively designed for doctors that can be used for any purpose. For example, you could use it to fund a large purchase or finance your child’s education. You can also use it for business purposes like establishing your own practice.

How do doctor loans work?

The process for availing the loan remains the same as for personal loan. Click on the "Apply now" button on this page to avail an instant doctor loan. Once you have completed the form and uploaded the required documents, you will be given an instant approval online and a customer service representative will get in touch with you for the next steps.

Is this different from Normal Personal Loan?

Here is how SMFG India Credit's  personal loan for doctors is different from normal personal loans:


Normal Personal Loan

Doctor Loan

Max. Loan Amount

Up to ₹ 25 lakhs

Up to ₹ 30 lakhs

Interest rates

11.99% - 36%

Preferential interest rates depending on the profile


12 - 60 months

12 - 60 months

Processing Fees

Up to 3%

Preferential rates depending on the profile

Is CIBIL Score important for availing loan for doctors?

Yes, you must have a healthy CIBIL score to avail a personal loan from us. The loan amount you are eligible for and the interest rate charged may vary with your CIBIL score. For more information, please get in touch with our representative to explore available options based on your current repayment capabilities.

What are the end uses of a personal loan for doctors?

The end-use of a  personal loan for doctors is unrestricted. You can use the loan disbursed to you as you see fit, as long as it is not used for any illegal purposes. Some examples are:

  1. Personal expenses such as weddings, purchases, family vacations, etc.
  2. Debt consolidation
  3. Immediate business expenses such as setting up a new clinic
  4. Certification courses

How much personal loan can a doctor get?

Doctors may avail a personal loan for up to Rs 30 lakhs at competitive interest rates, flexible repayment tenures of up to 60 months with little or no paperwork at SMFG India Credit.

How can a doctor get a loan?

Doctors need to run an eligibility check to understand if they at all qualify for a personal loan or not. They can avail a personal loan by filling up the required application form on the SMFG India Credit website and submit the necessary paperwork to support the application.

What is a professional loan?

Professional Loans are loans which self-employed people like doctors, lawyers, chartered accountants, etc. can avail without any collateral. There are various Financial Institutions and NBFCs in India who offer professional loans to customers.

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* Terms and conditions apply
** Subject to foreclosure charges. Terms and conditions applicable.

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