| Types of fees |
Charges applicable |
| Rates of interest |
Starting at 14% Per Annum |
| Loan Amount |
INR 5 Lakhs to INR 35 Lakhs |
| Processing fees |
Upto 3% of the loan amount |
| Foreclosure Charges |
4% of principal outstanding at the time of foreclosure |
| Part Pre-payment charges |
2% of amount prepaid |
| Charges towards Stamp Duty | As Applicable & Prescribed by the relevant Government Authority |
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- Key Benefits
- Interest Rates
- Calculators
- Documents Required
- FAQs
Key Features
- Key Benefits
- BizRewards
- Flexi Funds
Experience hassle-free financing solutions that cater to your diverse needs with our Professional Loan for Doctors in India.
- Zero collateral: Get collateral free loans without mortgaging your property or other assets as security
- Loans up to INR 35 lakhs: Get a professional loan of up to INR 35 lakhs to enhance your practice
- Interest rates from 14% p.a. onwards: Secure a loan for doctors at competitive interest rates that promise to keep you stress-free
- Loan eligibility based on qualifications: Secure the best loan for doctors based on your experience and qualifications
- Quick Loan Eligibility Within 24 Hours: Get quick eligibility check on loan for doctors within 24 hours of applying and enhance your medical practice in no time
- Minimal Documentation: Get a loan without any complicated documents or paperwork
- Rewards on Timely Repayments: Get more than just a good credit score on timely EMI repayments in the form of exciting rewards
- Fully Digitised Process: Experience a seamless process that’s completely digitized, right from applying to approval to disbursal
*T&C Apply
Ever thought your business loan repayments could earn you rewards? We make it happen with Godrej Capital BizRewards.
- Earn exciting reward vouchers for timely repayment of your business loan instalments
- We reward your timely repayment behavior with reward vouchers across categories including lifestyle, wellness, fashion, travel, and more
*T&C Apply
Professional Loan Flexi Funds for Doctors is designed to meet the unique needs of medical professionals, offering them flexible repayment options at competitive interest rates. Flexi Funds is an overdraft-like facility that empowers doctors to manage their finances efficiently while focusing on their practice.
- Repayment tenure of up to 5 years
- Loan amount of up to INR 50 lakhs
- Competitive interest rates
- Pay interest only on the amount utilized
- Flexible usage of funds for professional medical practitioners
- Unique variants to choose from
| Hybrid Dropline | Monthly Dropline |
| The withdrawal limit will remain fixed for the first two years and reduced every month for the remaining tenure. | The withdrawal limit will be reduced every month equally throughout the loan tenure. |
*T&C Apply
*T&C Apply
Calculate Your Savings
- EMI Amount
- Loan Eligibility
Loan Tenure
Your Monthly EMI
₹
For the year at the % of interest rate
Total Interest Payable
₹
Total Payment (Interest + Principal)
₹
Loan Tenure
Your EMI Will Be
₹
Your Eligibility
₹
- Practicing Professional
Documents Required
| Documents Type | Documents Requirement |
| KYC |
|
Eligibility Criteria
| Criteria | Requirement |
| Nationality | Indian |
| Age | 25 to 65 years |
| Minimum Professional Experience | Practicing doctor or consultant for more than 3 years |
| Loans for | Allopathy doctors |
*Disclaimer: All contents mentioned on this page, including but not limited to documents, eligibility may vary for each borrower and are subject to the discretion of the lender. The content is subject to change without prior notice.
- Professional Loan for Doctors
- Flexi Funds
Only professionally qualified Doctors pursuing independent medical practice or running a clinic are eligible to apply for the loan.
Professional Loan for Doctors can be used to meet professional purposes or certain financial obligations. You can use these funds for professional purposes, like hiring new staff, purchasing new technology, expanding your profession, etc.
Professional Loan for Doctors is available at a competitive rate starting from 14% p.a. to provide a cost-effective financing solution.
The maximum loan amount that can be availed through our Professional Loan for Doctors is ₹ 5 to ₹ 35 Lakhs subject to certain factors.
The minimum tenure of a Professional Loan for Doctors tentatively ranges between 12 and 60 months subject to certain factors.
The eligibility for a Professional Loan for Doctors is influenced by various factors, including but not limited to:
- Degree & College (MD, MBBS, MDS & BDS)
- Ownership status of Clinic
- Work experience
- Geographic location of the practice
- CIBIL score
- Other terms and conditions
The documents required are:
- Identity and Address Proof
- Bank statement of last 6 months
- Qualification proof of the highest professional degree
- Medical Registration Certificate
- Property Ownership Proof (Residential/Commercial)
Personal loan caters to salaried Doctors, whereas Professional Loan for Doctors is specifically curated for Doctors in India pursuing independent medical practice or running a clinic.
General FAQs
Professional Loan Flexi Funds is a facility like Overdraft, which offers borrowers a sanctioned limit, enabling them to withdraw any amount within the sanctioned limit as per their requirements and repay it at their convenience. Much like the Professional Loan, the loan is availed by a professional practitioner. Interest is charged only on the borrowed amount. This cost-effective facility is useful for managing finances and resolving short-term cash flow problems for professional individuals and self-employed professional owners.
Any individual requiring funds can apply for a Professional Loan Flexi Funds to a maximum loan amount of INR 50 lakhs.
Those who apply for Professional Loan Flexi Funds can make the most of a long repayment tenure of up to 5 years.
Any professional practitioner requiring funds for professional purposes and possessing the relevant degrees can apply for a Professional Loan Flexi Fund. It is just like applying for an Overdraft Facility.
The funds from the Professional Loan Flexi Funds can be utilized for professional practice purposes like expansion, buying new equipment, cash flow, or other professional needs. Although the interest rate for a Professional Loan may vary, utilizing a Professional Loan EMI calculator can assist you in understanding your monthly payments and better planning your finances.
Professional Loan Flexi Fund interest rate is calculated only to the utilized amount from the total withdrawable limit. With Professional Loan Flexi Funds, you enjoy the freedom to repay and reuse funds within the sanctioned limit and tenure, similar to an Overdraft Facility.
The EMI for Professional Loan Flexi Funds calculates interest on the utilized limit. Interest equals the EMI as long as there is an available balance for the dropline amount to be deducted from the withdrawable limit. Only in instances where there is an insufficient withdrawable limit remaining, the EMI includes the dropline limit and the interest on the utilized amount.
In a conventional Professional Loan, the full loan amount is disbursed to the customer's bank account, and repayment starts through monthly EMIs from the following month..
Professional Loan Flexi Loans is similar to an overdraft facility. Customers receive a sanctioned limit with a withdrawable limit and the subsequent EMIs include only interest on the utilized amount from the sanctioned limit. The customer's limit is subject to reduction based on the chosen variant and frequency of reduction.
The fundamental difference between a Professional Loan and a term Professional Loan Flexi Funds is the flexibility in the repayment of loans.
Godrej Capital offers five variants of the Professional Loan Flexi Funds:
- Monthly Variant
- Hybrid Variant
Defaulting on EMI repayment for Professional Loan Flexi Funds, much like any other loan, can result in severe consequences, such as adverse effects on your credit score, imposition of penalties, legal proceedings, and the potential forfeiture of the pledged property collateral.
Adhering to repayment obligations is crucial.
You can log in to Godrej Capital’s Customer Portal. The portal will allow customers to flexibly withdraw, check limits, and repay Professional Loan Flexi Funds at their convenience.
Professional Loan Flexi Funds – Variants
In the monthly variant of Professional Loan Flexi Funds, the withdrawal limit is systematically reduced each month, proportionally reducing from the sanctioned limit. By the end of the loan tenure, the withdrawable limit reaches "0". However, the Professional Loan interest rate continues to be applied monthly based on the used limit.
In the monthly variant of Professional Loan Flexi Funds, the withdrawable limit is constant for a fixed period after which it will drop every month. The drop proportionally reduces from the sanctioned limit. By the end of the loan tenure, the withdrawable limit reaches "0". However, the Professional Loan interest rate continues to be applied monthly based on the used limit.
Collateral & Eligibility
The eligibility criteria for Professional Loan Flexi Funds include but are not limited to bureau tracking, demographics, revenue, and more. For more details, and the latest policy updates, please get in touch with one of our customer care representatives.
Professional Loan Flexi Funds are exclusively available for practising professionals.
Yes, you can mortgage multiple properties to increase the total value of a Professional Loan Flexi Funds limit, contingent upon credit policies. The Professional Loan interest rate will be determined accordingly.
Customer Portal Queries
Step 1: Visit the Customer Portal
Step 2: Enter your mobile number or customer ID
Step 3: Authenticate by entering the OTP sent to your registered mobile number
Step 4: Upon successful completion, you will be logged in.
Log in to the customer portal at https://cp.godrejcapital.com, navigate to the "Transaction Tab" in the left-side menu panel, where three options will appear:
a) Withdraw
b) Repayment
c) Transaction History.
Click on the "Withdraw” tab and enter the amount corresponding to the loan amount, then click on “Proceed”.
The transaction can be authenticated through an OTP sent to your registered mobile number.
Yes, repayment of funds is allowed.
- Log in to the customer portal by clicking here
- Access the "Transaction Tab" on the left menu panel
- Choose from three options:
- Withdraw
- Repayment
- Transaction History
- Select the "Repayment" tab
- Enable the repayment section
- Input the amount and proceed
- On the confirmation screen, view the final amount, any deductions, and accept the terms and conditions to initiate the repayment transaction
- After clicking proceed, the customer will be redirected to the payment gateway page to select the mode of payment:
- Net Banking
- Debit Card
- UPI
- Choose a preferred mode of payment and submit the payment
Repayment: Customers have the flexibility to repay the entire amount, ranging from a minimum of INR 1,000 to the maximum loan amount, depending on the utilization of funds.
Withdrawal: Customers can withdraw up to the maximum loan amount, with a minimum withdrawal limit of INR 1, subject to the available balance.
Repayment: The repayment facility is available 24/7 throughout the year, and has no restrictions on the amount of repayment. It can easily be done through the customer portal.
Withdrawal: Withdrawal of funds from the balance is available every day, except on 4 public/national holidays (26th January, 15th August, 1st April, and 2nd October). Additionally, the daily withdrawal functionality is not available between 10 pm to 2 am for maintenance reasons.
Transaction details can be accessed through the customer portal's "Transaction History" section under the Transactions tab. Customers have the option to download/export details in PDF format.
Transactions are limited to the main applicant only in cases where there are multiple applicants on the loan structure.
No, zero charges apply for transactions conducted through the customer portal.
Product related FAQs
The billing cycle for Professional Loan Flexi Funds is from the 27th to the 26th of each month.
For example, the billing cycle for Jan'24 would span from 27th Dec'23 to 26th Jan'24. The bill is generated at the end of the day on the 26th Jan'24, reflecting the daily utilisation of funds from the assigned limit.
The EMI primarily comprises the interest of the utilized amount and the principal component to the extent of the amount of dropdown (as applicable) interest on the utilized amount.
At the end of the day on the 26th of the month, the bill is generated based on interest computation. Customers are then provided an additional 10 days to ensure sufficient balance in the account before the EMI is deducted through NACH services.
In the event of an EMI bounce, charges, including late payment fees/penalties, will be imposed, and payment is to be made through the customer portal. Refer to the schedule of charges in the terms and conditions section of the Loan Agreement for more details.
Yes, the beneficiary account can be changed. Customers can initiate this request by logging into the customer portal or by reaching out to the customer contact centre for assistance.
Yes, customers can request a change in the repayment account by logging into the customer portal or contacting the customer contact centre for assistance.
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