PROFESSIONAL LOAN (Secured)

Eligible Professionals

• Doctors (MBBS, BDS, MD, MS, etc.)

• Chartered Accountants (CA)

• Company Secretaries (CS)

• Architects

• Engineers

• Lawyers

• Management / IT / Other recognized professionals

Citizenship / Residency

• Applicant must be an Indian resident

Age

• Minimum: 21–25 years

• Maximum: 65–70 years at loan maturity (as per bank norms)

Educational / Professional Qualification

• Degree / certificate from recognized institution

• Valid registration with statutory body (where applicable)

Practice / Employment Status

• Self-employed professionals (clinic, firm, consultancy)

• Salaried professionals (as per bank policy)

Work / Practice Experience

• Minimum 1–3 years of professional practice or experience

• Established practice preferred for higher limits

Income

• Stable and sufficient professional income

• Minimum income as per bank norms

Credit Score (CIBIL)

• Generally 700 or above preferred

• Clean credit history with no major defaults

Loan Amount Eligibility

• Based on income, practice profile, and repayment capacity

• EMI generally limited to 40–50% of monthly income

Purpose of Loan

• Setting up or expanding clinic / office

• Purchase of equipment

• Working capital needs

• Professional development

Existing Liabilities

• Other loans and EMIs considered during eligibility assessment

Co-applicant / Guarantor (if applicable)

• Spouse or family member may be accepted

• Personal guarantee often required