Everything About Loan Against Property for Doctors - Eligibility, Interest Rate, How to Apply

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5 Min 27 Jun 2022

Highlights

About Loan Against Property for Doctors
How to Apply for a Loan Against Property for a Doctor?
Documents Required to apply for Loan Against Property for Doctors
Features and Benefits of Loan Against Property for Doctors

Loan Against Property for Doctors: Overview

A Loan Against Property for doctors is a secured type of loan to satisfy the financial needs of doctors and other eligible professional applicants, looking to expand their operations or use the funds for other housing or business-related expenses.

Loan Against Property for Doctors: Features and Benefits

Sizeable loan amount: A Loan Against Property brings forth the possibility of receiving sizeable loan sanctions that can be used to address a variety of expenses, such as business expansion,debt consolidation, or home renovation.
Quick and hassle-free loan processing: The online application process for a Loan Against Property requires minimal documentation. It usually takes 72 hours* for the amount to get disbursed from the time of approval and document verification. This helps save time and meets urgent expenses on priority.
Flexible repayment tenures: Borrowers also enjoy flexibility in their repayment plans and can take up to 17 years to repay the full loan amount at their pace.

A Loan Against Property for doctors also has other benefits, such as allowing for easy balance transfers, additional top-ups and much more.

Loan Against Property for Doctors: How to Improve Eligibility

Some essential factors that applicants should keep in mind when applying for a Loan Against Property are listed below:

Applicants should have a healthy credit score
Applicants should choose the lender wisely after assessing their unique offerings
Applicants should avoid multiple loan applications
Applicants should focus on clearing existing debts
Applicants should focus on evaluating their repayment capacity and apply for a property loan amount that fits their budget

Loan Against Property for Doctors: Documents Required

Following is the list of documents required for a Loan Against Property for doctors.

Mandatory documents (PAN card or Form 60)
KYC documents (Aadhaar Card or Voter’s ID)
Income tax return
Copy of ownership documents for the mortgaged property

Note that this is a generic list, and the documents required might differ from lender to lender.

Also Read: List of Documents Required to Apply for a Loan Against Property

Loan Against Property for Doctors: How to Apply

Loans Against Property are granted basis parameters such as experience, qualification, annual income, and profits incurred. Once the applicant meets these parameters, they can apply for a Loan Against Property by choosing a lender through online or offline means. The easiest way, however, is to apply online. Once the application form is submitted, the representatives from the lending institutions get in touch with the borrower and help complete the process.

Visit the Loan Against Property application form
Enter your name and mobile number
Select your ‘Employment Type’ and ‘Loan Type’
Enter your net monthly salary which includes your salary and other sources of income
Enter PIN code and the required loan amount
Click ‘Generate OTP’ and fill in the OTP once you receive it
Submit the form and complete the Loan Against Property application journey

Our representative will call you within 24 hours* and walk you through the documentation.

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