Fastest and Reliable source for your Doctor Loan

Loan Amount

Doctor Loan from SCB

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 at

16.00 * %

Processing Fee

1% * of loan amount

Loan Tenure

upto 5 years

Guarantor Requirement



Not Allowed

Pre-closure Charges


About Standard Chartered Bank

Standard Chartered PLC is a British multinational banking and financial services company headquartered in London. It operates a network of more than 1,700 branches and outlets (including subsidiaries, associates and joint ventures) across more than 70 countries and employs around 87,000 people. It is a universal bank with operations in consumer, corporate and institutional banking, and treasury services. Despite its UK base, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa and the Middle East.

Standard Chartered Bank is India's largest international bank with 99 branches in 42 cities, and this bank is been operating in India since 1858 In 1858, it opened its first branches in Calcutta, Bombay and Shanghai. Standard Chartered Bank is offering Credit Cards, Accounts & Deposits, Personal Loans, Against Securities, Against Term Deposits, Home Loan, Balance Transfer, Loan against Property.

Standard Chartered bank is Home Saver is a unique home loan that enables you to pay your home loan in half the time, at half the cost. A linked Transaction Account will be associated with your Home Loan. The surplus money in your Linked Transaction Account will be used to offset the principal of your home loan, which will result in faster closure of your loan. Effectively, interest will be paid only on the difference between the outstanding loan amount and your surplus funds.


Best Foreign Bank 2012 - Bloomberg Financial Leadership Awards

Financial Advisor of the Year Award 2012 - UTI CNBC

Best Private Bank in India by the Asian Private Banker at the Awards for Distinction 2012.

Asia Cup - official partner of the bi-annual cricket tournament

The Economic Times Awards for Corporate Excellence - title sponsor from 2012 to 2016

Liverpool Football Club - our four year sponsorship started in June 2012.

Why Doctor Loan from ApnaLoanBazaar?
Exclusive and Leading retail financial services website in India
Get Loan against on your Residential, Commercial, Industrial and open land properties
Compare and analyze the best loansuitable for your needs
Multipurpose loan eligibility in an easy to understand manner
No Security or Collateral Free Loans
Flexible loan tenure from 2 years to 5 years
Starts from ₹50,000
Max Loan upto ₹1,00,00,000
Repayable in Easy installments
Choose loan offers from Industry Leaders at one place
Various EMI Calculators and amortization tables to understand your loan repayment amount
Quick and Easy Process
Online application with less paper work
Expert advise on Loan documentation
Expert guidance on property Legal and technical verification by the lending institution
Age Limits – 24-60 years

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

About Vishakhapatnam

Visakhapatnam history goes back to the sixth century BC. Its name can be found in Hindu and Buddhist texts that date back to ancient times. Vizag, as Visakhapatnam is often referred to, has been mentioned by Panini and Katyayana in their writings of the fourth century BC. The city was also a part of the Kalinga kingdom, which was later conquered by the great Emperor, Ashoka. 

The city of Visakhapatnam has been named after Visakha, the god of valor and war. Visakha is the son of Lord Shiva and Goddess Parvati and is also the ruler of Mars. According to local legend, the city was named Visakhapatnam by an Andhra king between the 9th and 11th century. It is said that the king stopped for a rest in this place on his way to Varanasi, or Benaras. He was so captivated by the beauty of this place that he decided to build a temple in honor of his family deity Visakha. However, according to archaeological records, Vizag was built between the 11th and 12th century by Kulottunga of the Cholas. 

According to history of Visakhapatnam, the city has been ruled by a number of dynasties over the years. Some of the dynasties which had ruled over Visakhapatnam are the Kalingas, the Chankyas, the Rajahmundry Reddy kings, the Cholas and the Golkonda Nawabs. During the 15th and 16th centuries, Vizag was under the rule of the Mughals. As Visakhapatnam is located on the shores of Bay of Bengal, it was an important center of trading. Dutch, French and other European merchants used the port for trading in ivory, tobacco, muslin and other products. Towards the end of the 18th century, Visakhapatnam came under the control of the French. 

Since India gained independence in 1947, Visakhapatnam has become one of the leading ports of the country. Vizag is also the seat of the Eastern Naval Command of the Indian Navy. 

Places to be Visited in Visakhapatnam


 This beach is just 8kms from Vizag and has goden sand and surf with sea and has hill cottages overlooking the grand ocean.

 Dolphin's Nose and the Port

The captivating symbol of Vizag that charms the young and old alike is the headland Dolphin's nose. At 358 metres above sea level, with a lighthouse atop the hill, Dolphin’s nose is aptly named.


The 25km stretch of road literally hugging the coastline from Visakhapatnam to Bheemunipatnam has a view that is simply breathtaking.Bheemunipatnam known as Bhimli is the second oldest muncipality in the country.

Lawson's Bay

A beautiful beach that falls on the way to Kailasagiri hill, Lawson’s bay is an ideal spot or sea bathing and surfing.


Appikonda is a small village located 18-kms from Visakhapatnam which houses the Appikonda temple whose presiding deity is Lord Shiva. Records tells that it was in this place Kapila Maha Muni has installed the idol of Somalingeswara Swamy and thus the name - Kapilakonda which was over the ages changed to Apillakonda and further to Appikonda.

Legacy of The Buddha

Vishakhapatnam is surrounded by ancient Buddhist sites, most of which have been excavated recently.

Submarine Museum

Submarine Museum, 'Smritika' set up nearby the Vishakapatanam port, is located at the serene beach named the Rama Krishna Beach. The museum started functioning in 2001 was converted from INS Kusura, a Russian built submarine. Only one of these kinds in India and Asian continent, this Submarine Museum attracts many

Identity Proof

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

Age Proof for Standard Chartered Bank Doctor Loan: (Anyone of the below)

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

Address Proof for Standard Chartered Bank Doctor Loan: (Anyone of the below)

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

Job Continuity Proof for Standard Chartered Bank Doctor Loans: (Anyone of the below)

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 Standard Chartered Bank Doctor Loan: (Anyone of the below)

Bank statements of latest 2 months
3 months bank passbook

Qualification Proof for Standard Chartered Bank Doctor Loan: (Anyone of the below)

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: (Anyone of the below)

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

Who are Eligible For Standard Chartered Bank Doctor Loans?

1) What is Doctor Loan?:-

The Doctor Loan Program is a specific loan with special underwriting developed specifically for medical physicians and dentists, optometrists, podiatrists, and veterinarians. Most doctors are looking for loans with low interest rates that enable them to move on to the growth. This scenario poses many challenges for most lenders because most physicians would be qualifying for the best rates given the type of loan they need. Banks try to do these loans with competitive rates and with less time.

Physicians with high credit scores have a very low risk of default on loans, even if they have high debt. Hence, the doctor loan program was started to give physicians access to improve his service levels.

Following are eligible for Doctor Loans:

MBBS, BDS Graduate Doctors - Minimum 5 years of experience (Post qualification)

MD, DM, MS, MCH, MDS Post Graduate Doctors having Minimum 4 years of Experience (Post qualification)

Individual doctors employed with reputed Government or Private Hospitals in India

Self employed doctors who own a hospital, a nursing home, a Clinic in India.

Consulting doctors with leading hospitals in metro cities in India.

Hospitals in form of Proprietorship/Partnership and Private Limited companies

Eligibility and Documentation For Standard Chartered Bank Doctor Loan

Vintage of Residence: Residence should be owned in the City or Hospital should be owned in the City for Min of 1 year.

Interest rates: Rate of interest will be floating rate of Interest, generally linked with the base rate of the banks, Present Scenario the Rate of Interest will be 15 % to 21.0 %.

Rate of Interest will be based on bank/financial Institutions internal policies and terms. Generally Bank account conduct, reputation of the entity, repayment capability, credit history, Promoters Back ground and other credit related factors which can be evolved for Doctor Loans.

Limit: Doctor Loans can be availed from Rs. 5 Lakhs to Rs. 75.0 Lakhs

Age: Minimum of 26 years and Maximum of 60 year on maturity of the Loan amount.

Tenure: 12 - 48 months

Standard Chartered Bank Doctor Loan Pros

Easy availability: A lot of banks offer Doctor Loans of various amounts and max duration for 4 years. You can pick and choose between them.

No collateral: Doctor Loans are not very large amounts. So there is no need to put up security or collateral against personal loan.

Quickly available:If you have a relationship with a bank you can get a personal loansanctioned within 24 hours. Personal loans also require very little paperwork.

Standard Chartered Bank Doctor Loan Cons

High interest rates:  After credit cards, personal loans have the highest interest rates among credit products. Sometimes personal loans have higher rates than credit cards also.

High pre-payment penalty:  If you pre-pay your personal loans, banks often charge a high penalty.

Need good credit history: Today, most banks give personal loans only to people with a good credit history. If someone regularly takes personal loans, he may be seen as someone who is not careful with his finances.

Affects credit report: If you default on your Doctor Loan your CIBIL credit report reflects it and your credit rating and credit score are affected.

Expert Advice

Best Practices for Doctor Loan

Clear Identification of purpose and planned Budget.
Cost - benefit analysis.
Peer comparison- ROI, PF and other charges and repayment Tenure.
Know your credit history score and eligibility.
Plan the repayment from the regular incomes than from futuristic/speculative income.
Check various other alternatives before availing a loan.
Be clear on payment date and mode of payment like ECS, Online payments, Post dated cheque.
Terms and conditions to be clearly understood before signing up the agreement.
Take payment protection insurance.
Ensure proper updation of contact details.

Things not to do for Doctor Loan

Do not jump to apply a loan with our proper homework.
Do not borrow more than what is required.
Do not apply loan at too many places at a time.
Do not sign the terms and conditions without reading.
Do not rush with the process.

Important points to be remember for Standard Chartered Bank Doctor Loans

As a experienced individual doctor, you need to avail a doctor loan funds so as to open a clinic and begin practicing. There are certain eligibility situations that need to be noted while avail the Doctor Loans.

1) Eligibility Criteria:
All medical professionals whether technicians or medical doctors, who completes 5 years of experience stand eligible for receiving doctor loans. An individual working in a medical occasion administration division can even apply.
2) Functionality:
The aim of this facility is to meet the working capital requirement of medical doctors to run a clinic. It is usually meant to buy premises for opening a health center. The loan can also be largely useful for the acquisition of equipments, furniture, fixtures and doing repairs and renovation of business premises. This fund is most often used for launching new business and to make enhancements of an existing health center.
3) Loan Amount:
The amount acquired as loan will be large or small relying on the business needs. The loan officer has to tell concerning the loan amount to medical doctors and relying on the business sort, awards are made to entrepreneurs. The fund acquired clearly defines the enlargement alternatives doctor loan.
4) Tenure:
“The term for this sort of small business loans isn’t kept greater than four years. So, professionals receiving this award must return it in time. There is no procrastination of the term. So, all the pieces must be done throughout the stated time period. There is no need to wait for the final moment and repayments of the borrowed cash should be done on the earliest.
4) Pricing:
“Interest is linked to the bottom rate. So, usually a typical interest is charged and not a very high interest levied on borrowers. This type of interest is basically vital and it seals the loan pricing. So, the lender can’t fluctuate the value and it stays the same for everyone. Thus, you will need to verify the bottom fee of a lender as relying on it, the interest rate will be determined.

Purpose of Standard Chartered Bank Doctor Loans

Doctor loans can be avail for the following reason from the Banks and Financial Institutions.

1) Setting up a Clinic:
Large clinics can be established with doctor loans. It is necessary for entrepreneurs to stay up-to date and use fund support to establish an affluent clinic. By setting up such a clinic, it becomes easy for professionals to offer good treatment to visiting patients and do general good to the society at large. Physicians can also open a health centre at any location and use the place for offering service to the sick. Such centers then become the source of income for a doctor and other employees who work in the centre. So, new clinics can also become employment generators.
2) Buying New Equipments:
 In medical practice, equipments are quite essential, so doctors who are in practice, need to buy the best equipments to run their clinic. For this very reason, physician financing becomes essential. The reward received can be good enough to buy new equipments and so a health centre can do well. It is really important to buy the best equipments and the ones that are mostly required for clinical operations. They come expensive and so funds are inevitable to buy the equipments needed to run a health centre.
3) Working Capital requirement including stock of medicine/disposables::-
A medicine store is also required in a health centre. There are expenses involved in maintaining such a store also. The reason is medicines should be purchased and all other requirements should be fulfilled. That is to say the store should be kept up to date all the time and it is possible only with fund release. Physicians should apply for Doctor Loans to keep their health centre well equipped and its drug store stacked with all medicines. So, to apply for funds is very much needed and an enterprise can really do well with the support it finds.
4) Setting X-ray lab::-
A health centre also requires an X-ray lab because X-ray is something that needs to be done frequently. Visiting patients have a need to get their X-rays done in the health centre itself without having to go to some other place. That is why X-ray lab becomes so important for a clinic owner. Doctor loans should be procured for setting up of such a lab in the health centre itself.
5) Expansion/Renovation/Modernization of Premises: -
Looks have got a lot to do with clinics. Professionals should strive to give a better look of the clinic that one is in possession of. Only then patients will get attracted and would love to visit the centre for their treatment. Everyone wants to be in a clean place and in case of clinics this factor is of prime importance. Professionals should focus on modernizing their clinics.

How we do it?


Discuss and Draft your Loan Requirements


Get your Personalized and Customized Quote


Solve Queries with your Own Relationship Manager


Enjoy our Pro Support until your Loan Closure

" Our team of experts will discuss your financial needs to define the best suitable loansolution to fulfil your requirement. Availing the services of our professionals will help to save your precious time and money. "
" Based on the discussions and reviewing various factors like your income, qualification, employer, location, existing loans etc we will provide you a personalised and customised quote which not only suits your requirement but also take care of your priorities. "
" Still having queries? No need to worry. You are important to us. A dedicated relationship manager will be available to assist you till the completion of the loan process to feel you relaxed. "
" I heard of some changes in the rate of interest of my loan. Who can help me to know the impact? We haven’t left you alone. We are still there to assist you with all loan queries till the loan closure. "