Doctor's Loan
A Doctor’s Loan is a customized financial product designed exclusively for medical professionals to help them meet their professional and personal financial goals. Whether it’s setting up a new clinic, upgrading medical equipment, managing operational costs, or fulfilling personal needs, this loan offers flexible terms, competitive interest rates, and quick approvals.
Eligibility
At MDG Financial Services, we aim to make financial access easier for medical professionals — whether you’re just starting out or planning your next big move. Here are the general eligibility criteria:
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Medical Qualification: The applicant must be a qualified medical graduate (MBBS, BDS, BHMS, BAMS, or equivalent). Holding a recognised degree is the key requirement.
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Medical Registration: A valid registration with the Medical Council of India or a recognized State Medical Council is required.
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Financial Background: Lenders may check your bank statements and any proof of income (if available) to assess repayment capacity, but this is flexible for fresh graduates.
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Credit Score: A good credit score, 700 and above, is preferred by most lenders. This score shows your creditworthiness and can improve your chances of approval. If you have a lower score, don’t worry; we can help you explore options.
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Existing Financial Obligations: Lenders assess the applicant’s existing debts and monthly obligations to ensure they can manage additional EMI payments. A low debt-to-income ratio increases your chances of loan approval.
Documents Required
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Proof of Identity (Aadhar Card, PAN Card, Voter ID Card)
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Registered phone number
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Registered e-mail address
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Bank Statement (Past 6 months)
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Medical Degree Certificate (MBBS, BDS, BHMS, BAMS, etc.)
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Medical Registration Certificate (State or MCI)