Magma Fincorp Doctor Loan

Interest Rate starts from 15.00%
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Doctor Loan From Magma Fincorp

ApnaLoanBazaar understands the unique financial need of Doctors. Whether it is to boost up the Medical infrastructure in your clinic or to open a new branch for your clinic, we will help you with best quotes for Doctor Loan from various banks across India.

Interest Rate starts from
15.0 * %
Processing Fee
2.0% *
Loan Tenure
Upto 5 Years
Guarantor Requirement
No
Part-Payment
Allowed
Pre-Closure Charges
4%

About Magma Fincorp

Magma Fincorp Limited (MFL) is a Kolkata based non-banking financial company registered with the Reserve Bank of India as an Asset Finance Company. The company operates 235+ branches across 21 states and a union territory and has a strong presence in rural and semi-rural India. Magma Fincorp Limited (formally known as Magma Leasing Limited) was incorporated in 1988 and commenced operation in 1989.

Highlights

Won a Gold Award at LACP (League of American Communications Professionals), 2015
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Why Doctor Loan from ApnaLoanBazaar?
  • Exclusive and Leading retail finance services website in India
  • Compare and analyze the best loansuitable for your needs
  • Flexible loan tenure from 5 years to 30 years
  • Starts from ₹5,00,000
  • Max Loan upto ₹10,00,00,000
  • You can choose the low cost home loan as per your requirement
  • Various EMI Calculators and amortization tables to understand your loan repayment amount.
  • Quick and Easy Process
  • Online application with less paper work
  • Nil Charges for pre-closure of Loan amount
  • Expert advise on Loan documentation
  • Age Limits – 21-60 years
  • Repayment through ECS/Auto-debits/PDC
  • We support until the loan Closure

Required Documentation For Doctor Loans

  • Signed Application form
  • Two Passport Size Photos - Applicant and Co-Applicant
  • Photo ID - Applicant and Co-Applicant (Any one of the following)
  • Residence Proof - Applicant and Co-Applicant (Any one of the following)
  • Academic Documents of Student/div>
  • Proof Of Admission (If available)
  • Last 8 Months Bank Statements of Co-Applicant
  • Income Proof of Co-Applicant
  • Accepted Collateral documents

For Self Employed/Professionals

  • Filled Application form
  • Identity Proof
  • Address Proof
  • Qualification Proof
  • Last 2 years Income Tax Returns
  • Professional/Self employed existence proof for more than 3 years
  • 2 Passport Size color Photographs
  • 6 months Bank Statements
  • Filled Application form
  • 3 Post Dated Cheques/ECS Mandate

Identity Proof

  • Passport
  • Driving License
  • PAN card
  • Photo credit card (with embossed Signature and last two months statement)
  • Banker's sign verification

Age Proof For Doctor Loan

  • PAN Card
  • Passport
  • License
  • School leaving certificate
  • Voter card
  • Birth Certificate
  • LIC policy (only for age Proof

Address Proof For Doctor Loan

  • Passport
  • Telephone bill (BSNL/MTNL)
  • Electricity bill
  • Title deed of property
  • Rental agreement
  • Driving license
  • Election ID car
  • Photo-credit card (with last two month statements)

Job Continuity Proof For Doctor Loan

  • Form 16 (For Individuals)
  • Appointment Letter (for last two months)
  • Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)

Banking History For Axis Bank Doctor Loan

  • Bank statements of latest 2 months
  • 3 months bank passbook

Qualification Proof For Doctor Loan

  • Graduate or Post Graduate qualification certificate
  • IMA (Indian Medical Association) membership number
  • Any other registrations allowed by Indian Government.

Own House Proof For Doctor Loan

  • Sale deed of Property with own name
  • Property Tax receipt with own name
  • Electricity bill with own nam

Doctor Loan Can Be Used For Many Purposes Like Below

For a New Clinic

Buying New Equipment

For starting a new Specialization

Improvise clinical Laboratory

Increase the bed Capacity

Regular Hospital Maintenance

Setting up a new Pharmacy

Renovation of Clinic

Who Are Eligible
Documentation For Doctor Loan
Pros & Cons
Expert Advice
Purpose Of Doctor Loans
Remember For Doctor Loans