Home Loan for Doctors

1. State Bank of India Privilege Home LoanSBI Privilege Home Loan is especially designed for government employees. The loan can be availed by those doctors who work in government hospitals. The highlights of the scheme are as follows:
   1. Interest rates starts at 6.95% p.a.
   2. No hidden charges and pre-payment penalty
   3. Interest is charged on daily reducing balance
   4. Can choose a repayment tenure of at least 30 years
   5. Interest concession is provided to women borrowers
2. PNB Pride Housing Loan for Government EmployeesWhen it comes to owning a home, 'PNB Pride Housing Loan for Government employees' can be beneficial for doctors employed with government nursing homes. The scheme is laced with a number of benefits like:
   1. Low interest rates
   2. Can avail a loan of up to Rs.50 lakh
   3. Repayment tenure can go up to 30 years
   4. Loan can be availed for repairs, renovations, etc.

1. Bajaj Housing Finance Home Loan for DoctorsBajaj Housing Finance Limited's Home Loan of Doctors can be availed by graduate doctors, super-specialist doctors, dentists as well as ayurvedic and homeopathic doctors. The approval for the loan can be had in just 24 hours if all the necessary documents are provided. The features and benefits of the scheme are listed below:
   1. Can avail a loan of up to Rs.2 crore
   2. Interest rate starts at 7.50% p.a.
   3. Can choose a repayment tenure of up to 20 years
   4. Get complete online management of the home loan account
   5. Option of availing top-up loan on the existing home loan for your other financial requirements
2. Union Bank Special Retail Loan for Government EmployeesIf you are employed in a government hospital, you are eligible to avail a home loan from Union bank. The "Union special retail loan for government employees' scheme has a number of features and benefits which have been listed below:
   1. Interest Rates starts from 7.30% p.a
   2. Processing Fees: Nill
   3. Can avail a loan of up to Rs.75 Lakh
   4. Salary should get credited in the designated saving account with Union bank.
   5. Minimal documentation
   6. Applicant or co-applicant should be government employee.
3. IIFL Swaraj Home LoanIn case, you are practicing in a private nursing home and want to avail a home loan, you can opt for 'IIFL Swaraj Home Loan'. The home loan scheme has the following features:
   1. Loan Amount up to Rs. 20 Lakh.
   2. Interest Rate 11% onwards
   3. Tenure Up to 20 years
   4. Minimum work experience: 2 years
   5. Female co-applicant is mandatory.

Verdict

While not many lenders offer home loan for doctors as a different scheme, many offer it under different schemes like home loan for government employees, for private government employees etc. You can avail one by fulfilling the housing loan eligibility criteria and realize the dream of owning the dream home. The loan is offered at affordable rates with fast processing and minimal documentation.

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