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

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 30 minutes* 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 30 minutes*

Get the requested funds in your bank account within 30 minutes* 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 25 Lakhs*

Get up to 25 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 65 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 Rs. 25,000 (for residents of Mumbai and Delhi), or Rs. 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

Starting at 11.99%* per annum

Processing Fee

Up to 3% of loan amount

Loan Tenure

Up to 60 months

Lowest EMI Per Lakh

Rs. 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 the 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.

Why Opt for Personal Loan for Doctors?

Here is a list of reasons why a doctor should opt for a personal loan:-

  1. Meeting Personal Milestones: Doctors have personal goals like anyone else. Personal loans can help address these needs, especially when earning later in their careers.
  2. Debt Consolidation Simplified: One personal loan for multiple debts can simplify repayments and reduce interest. Doctors can benefit from this practical way of managing finances.
  3. Handling Unexpected Expenses: Flexible personal loans allow doctors to withdraw funds within a defined limit, prepay without extra charges, and conveniently manage unexpected costs.

Opting for a personal loan tailored for doctors ensures quick processing, minimal documentation, and a flexible repayment structure, making it a wise financial choice to meet diverse needs.

Things to Keep in Mind While Applying for a Personal Loan for Doctors

As a doctor, it is easy to get a personal loan, but you should keep a few things in mind before doing so. These are:-

  1. Determine the Right Loan Amount: You should assess your needs and borrow only what is necessary for your professional requirements, whether setting up a clinic or acquiring new equipment. This ensures you can manage other financial commitments while comfortably repaying the loan.
  2. Choose a Smart Repayment Tenure: You should opt for a tenure that aligns with your monthly obligations. Using an EMI calculator helps find a suitable loan amount and tenure combination, making EMIs more manageable.

Remember, thoughtful planning and consideration of your financial circumstances are crucial when applying for a personal loan tailored to your unique needs.

Types of Entities Eligible for Doctor Loan

Doctor loans are financial assistance that caters specifically to medical professionals. The loan is designed to help doctors and medical practitioners meet their personal and professional needs. Fortunately, various types of entities are eligible for personal loans for doctors. You are also eligible for a doctor’s personal loan if you fall under any of these entities.

Salaried doctors

As an accomplished medical professional, your steady income and reputation for reliability make you an ideal candidate for a specialized doctor loan. Lenders recognize the value of your profession and understand the unique financial circumstances that come with it. This means that the loan application process is streamlined for your convenience, allowing you to focus on your work and personal goals without added financial stress.

Self-employed doctors:

As a self-employed doctor, you have unique financial requirements and professional independence that set you apart from other professions. To cater to your specific needs, tailored loans are available that provide flexibility and support. With tailored loans, you can focus on your practice and patients without worrying about the financial challenges that come with being self-employed.

* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.

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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