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Confused about personal finance for doctors? Read on.<\/p>\n\n\n\n
Whether you are a salaried doctor in need of personal funds, or a medical practitioner looking to recruit staff and install equipment in your brand-new clinic, a doctor\u2019s loan can finance all your requirements.<\/p>\n\n\n\n
Here\u2019s a guide to personal finance for doctors, its uses, eligibility, documentation, and more.<\/p>\n\n\n\n
Personal finance for doctors can be used for several purposes, depending upon your practice and requirements. Here are some ways instant loans can help.<\/p>\n\n\n\n
Besides, you can fund personal requirements like travel plans, wedding expenses, medical bills, a child\u2019s education, home renovation, and more.<\/p>\n\n\n\n
Additional Read: <\/strong>Here is a List of Few Types of Personal Loans in India You Would Be Unaware About<\/a><\/p>\n\n\n\n Whether you are a salaried medical professional or a self-employed practitioner, you must meet the loan eligibility criteria to avail of a loan. Tata Capital\u2019s relaxed personal loan eligibility <\/a>is as follows:<\/p>\n\n\n\n Apart from the above criteria, lenders look for a good CIBIL or credit score, preferably 750 or above, and debt-free repayment history. Moreover, a high credit score can fetch you more attractive interest rates.<\/p>\n\n\n\n To maintain a high score, make sure to be consistent with paying your credit card bills, loan repayments, and other debts. You should also check your credit score regularly to look for any discrepancies or errors. <\/p>\n\n\n\n Additional Read: <\/strong>How Does a CIBIL Score Impact Your Personal Loan Eligibility?<\/a><\/p>\n\n\n\n Along with your duly filled loan application form, you must furnish a few documents to get your loan approved<\/a>. Here\u2019s a list of papers required by Tata Capital for personal loan<\/a> approval:<\/p>\n\n\n\n Before approaching a lender to apply for a personal loan for doctors<\/a>,<\/strong> compare multiple offers to get the best loan deal. And to make the most of your borrowed funds, don\u2019t forget to plan your repayment in advance. Consider various factors like EMIs, loan tenure, penalties, interest rate, etc., to repay the loan timely.<\/p>\n\n\n\n To qualify for a bigger loan amount, you can apply with a co-borrower like your parent or spouse with a good income and credit score.<\/p>\n\n\n\n At Tata Capital, we understand your unique requirements and offer collateral-free multi-purpose personal financing! Get highly competitive personal loan interest rates<\/a>,<\/strong> relaxed eligibility conditions, and flexible tenures. <\/p>\n\n\n\n Use our online EMI calculator to figure out your interest payable and EMIs in advance. Get in touch today!<\/p>\n\n\n\nEligibility criteria<\/strong><\/h2>\n\n\n\n
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Documentation required<\/strong><\/h2>\n\n\n\n
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Over to you<\/strong><\/h3>\n\n\n\n