It is well-known that a doctor’s career can be full of various kinds of challenges. Believe me. I recently realised that to reach a level where a good income can be generated every day, it is essential to do something of your own. Here, in my case, it is a well-equipped clinic. After being in the profession for over two decades, I finally decided to start my practice. However, it was only possible with a doctor loan.
Trust me, setting up the entire thing is really costly, so this is where I took the help of a loan. Now, you cannot ignore certain mandatory facilities as if there is any lack in the facilities, the patients may not look upon you as a dependable professional.
(Note: Due to personal reasons, I cannot disclose the loan amount I took from here, but one can avail of a loan amount of up to Rs 55 lakh.)
Why You Should Consider a loan for Your Medical Equipment Finance Needs –
If you are in the healthcare industry, you know that there is little to no time on physicians for other work. Keeping this point in mind, one only has to provide minimal documentation for processing and approval of the loan.
Higher loan amounts
Being a physician, a loan helps in Medical Equipment Finance. However, keep a note that educational qualification is also taken into consideration. If you have passed your MBBS successfully, then a standard amount is approved by the lender. But, if you have specialised knowledge and have been practising in the same field for several years, a higher loan amount will be approved.
This kind of service is exclusively available for doctors. Most lenders provide doorstep service where an official will visit your clinic or your workplace to review all the formalities, fill out the documentation, collect the required documents and ensure that you get your loan timely.
This type of loan has some of the industry’s quickest turnaround and disbursal times. Typically, the application will get approved in five business days or even less. Then, once all the documentation has been done, the amount will be delivered straight to account.
It typically offers low and competitive interest rates in the bracket of 14% to 16% per annum.
How to get it?
It is beneficial to check doctor loan eligibility first and ensure you are eligible. Meanwhile, here is a step-by-step guide on how I availed it.
- Download the official Bajaj Finserv application from the App store or Play store as per your device.
- Sign up after entering all the mandatory fields
- On the home page, you’ll see the ‘Loans’ section below the search bar.
- Tap on it and go to ‘Loan for Doctors’
- Choose whatever your requirement is, and you are good to go.
(This is not promotional content. I’m just sharing my personal experience. Readers are choose as per their suitability.)