Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Corporation Bank Doctor Loan Scheme is Rated as "Excellent!" by 29 Users

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    Corporation Bank Doctor Loan Scheme

    This loan product from Central Bank of India is to provide finance medical practitioners. This will help with setting up of healthcare services in order to establish nursing homes, clinics, pathology laboratories etc.

    Where is the purpose of Cent Doctor Plus Scheme?

    Central Bank of India’s Cent Doctor plus Scheme Loan is meant for procuring of new equipment, setting up of laboratories, even nursing homes. The applicant can also purchase vehicles like ambulances, computers, use it for working capital, and also stock up medicines and other related disposables.

    What are the types of financing available?

    This loan will be considered a Term Loan

    What is the eligibility criteria for Cent Doctor Plus Scheme?

    The Cent Doctor Plus Scheme is meant for doctors with a registered medical practitioner license, they also need to meet the below criteria

    1. Individuals, Partnerships, Trusts, and even companies can apply for this loan
    2. The applicant between the ages of 25 - 65 years of age
    3. All applicants should be registered medical practitioners and hold the qualification in any medical science branch, such as MBBS, BDS, BHMS etc. They can also hold degrees in Physiotherapy, Radiology etc.
    4. The applicant should also have a minimum expertise of 12 months to establish a clinic, nursing home or even hospital.
    5. In a partnership at least 50% of that partnership should be registered medical practitioners.
    6. In a company at least 50% of the directors should be qualified registered medical practitioners.

    What is the maximum amount of loan I can avail?

    The maximum of loan available under this scheme is Rs. 5 crores, the maximum of Rs. 2.5 crore for medical equipment and Physiotherapist will get a maximum of Rs. 50 lakhs

    What is the rate of interest on Cent Doctor Plus Scheme?

    The rate of interest will be including the base rate of 9.70%

    Particulars of amount

    Interest Rate

    Loan up to Rs. 5 crores

    9.70% + 1.90% = 11.55%

    Loan above Rs. 5 crores

    9.70% + 2.65% = 12.30%

    What are the documents required for Cent Doctor Plus Scheme?

    1. The bank will charges a 35% Margin on this loan on construction of nursing homes or clinics and 15% against equipment
    2. Hypothecation of assets bought through the finance or property if the loan is used for construction, for Loans up to Rs.10 lakhs. For a loan amount of above Rs.10 lakhs, the full loan will need to be secured by collateral security like immovable property or other approved securities like Bank deposits, NSCs LIC policies which should be at least 50% of the loan amount in addition to the hypothecation of assets financed.
    3. The age of the immovable property cannot be above 20 years of age
    4. A 0.50% charges will be levied as a charged as processing charges.
    5. There will be no prepayment charges for this scheme.

    What are the terms for Cent Doctor Plus Scheme?

    The Cent Doctor Plus Scheme will have a repayment period of 84 months including moratorium period of 6 months for the purchases of equipment and other related items,

    A maximum of 10 years will give to repay the loan including moratorium period of 12 months for any construction of nursing homes, clinics etc.

    How do I apply for this loan?

    You could download the forms from the website to apply for the application, and along with supporting documents can apply at the nearest Central Bank of India branch.

    Can I apply for Cent Doctor Plus Scheme online?

    The application form can be procured online, however you will need to visit the branch along with the duly filled form and supporting documents.

    Corporation Bank Doctor Loan Scheme Reviews

    • Corporation Bank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      My personal loan experience was not up to the mark with Corporation bank, the loan amount was for Rs 1 lakh with 13.5% interest rate which is quite high. I am not satisfied with the customer service of this bank, their response was delayed and i pay my through ECS.
      Was this review helpful? 0
      , karad
      Reviewed on Jul 05, 2018
    • Corporation Bank Personal Loan
      "Worst service"
      0.5 1.0/5 "Really Bad"
      I take personal loan in 2016, I cleared the loan in 2017november,after clearance of previous loan i wanted to take new personal loan,the manager also told me that we will give a new loan to you,I am ready with all the documents required for the loan,and submitted to bank, from november2017 still I go to bank thrice a week,but they didn't respond me.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jun 29, 2018
    • Corporation Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a very good experience with them where after applying i had got the loan in 24 hours and the loan amount which they had provided had been satisfactory. The interest rate with them had been good as well. There has not been any kind of issues faced with the banking services of them so far.
      Was this review helpful? 0
      , ranipettai
      Reviewed on Jun 25, 2018
    • Corporation Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from CORPORATION BANK, and that loan lasts for 3 years. I am totally satisfied with the amount what they have provided to me, and it is easy to pay back even. I pay my due monthly from my salary account as auto pay, i found easy to repay them and it helped me too.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 02, 2018
    • Corporation Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Corporation bank.The loan amount is two lakhs,rate of interest is 13% Th total tenure is for 1.5yaers.I have submitted documents and they had processed immediately The EMI amount is paid through an ECS payment.The EMI amount is 3600.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 04, 2018
    • Corporation Bank Personal Loan
      "Quick Loan"
      0.5 5.0/5 "Blown Away!"
      When in need of some finance, again Corporation Bank helped me in great deal. The whole Loan got approved within 2 hours. The repayment of it is also pretty easy to make. They have provided me one of the best Interest Rate available. The overall experience with them has been great.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 29, 2017
    • Corporation Bank Personal Loan
      "Good. Can be more clear in the payments"
      0.5 4.0/5 "Great!"
      The process to get the personal loan from Corporation bank was good. I being a salary account holder of this bank. They have provided the loan of ten months of my basic salary. Though I have made my payment every month on the said due date the bank says that I have 28 late payments.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 23, 2017
    • Corporation Bank Personal Loan
      "Satisafctory"
      0.5 4.0/5 "Great!"
      My personal loan was taken with COPERATIVE bank 2 years back. The loan amount was 3 lakhs and the interest rate was 12% which was very high than other banks. The EMI period was 5 years . They have provided door step service for collecting documents. My overall experience was satisfactory.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 10, 2017
    • Corporation Bank Personal Loan
      "Better Process"
      0.5 4.0/5 "Great!"
      Since I hold savings account with corporation bank, I had taken the personal loan for three times. All the times the bank sanctioned the loan without any hassles. Interest rate is 14% and every time they would collect the documents for the loan process. They would complete the process in a month time.
      Was this review helpful? 0
      , vellore
      Reviewed on Jun 19, 2017
    • Corporation Bank Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      From Corporation Bank I have taken a personal loan. I have salary account with them  I am very much satisfied with this bank. They offered approximately 13.5% rate of interest its quiet minimal when I compare to other banks. Bank was user friendly and the process was very fast they disbursed loan amount soon.In 2015 dec I have opted this loan of 2.5 laks and the EMI was 9800.
      Was this review helpful? 0
      , ramanagaram
      Reviewed on Mar 29, 2017
    • Corporation Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The service provided was very good with corporation bank related to the personal loan process and the rate of interest was around 13.5%. I have taken around 80 thousand Rupees as capital and I am paying around 4000 Rupees as EMI for a years time later I pre closed it later and they charged minimal amount for pre closure
      Was this review helpful? 0
      , ramanagaram
      Reviewed on Mar 29, 2017
    • Corporation Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The service provided was very good with corporation bank related to the business loan process.Which was offered by our honorable prime minister of India,which was really helpful, I have taken this loan on January and i have closed it in April, Customer service is good with the corporation bank.
      Was this review helpful? 1
      , pune
      Reviewed on Jan 05, 2017
    • Corporation Bank Personal Loan
      "The best on ROI and charges"
      0.5 4.0/5 "Great!"
      I had applied for a personal loan with Corporation bank simultaneously when I applied with HDB financial. Though the process took some time for the loan, but I ended up paying a much lesser fee when compared to the HDB institution. I only paid a total fee around 2400. The rate of interest was also around 11%.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 17, 2016
    • Corporation Bank Personal Loan
      "Good service "
      0.5 4.0/5 "Great!"
      The service provided was very good with corporation bank related to the personal loan process.They take around 1weeks to 10days of time to process the loan.The documents required are very huge but the sets and information are given in initial stage basically.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Apr 07, 2016
    • Corporation Bank Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      With the corporation bank I do have the personal loan. Interest rate is around 12% to 14% with them and the loan amount got disbursed to my account by the same day itself. Customer service is good with the corporation bank.
      Was this review helpful? 1
      , bangalore
      Reviewed on Feb 05, 2016
    • Corporation Bank Personal Loan
      "High interest rate"
      0.5 4.0/5 "Great!"
      Corporation personal loan rate of interest is very high. I have taken a personal loan from them . I had taken 2 lakhs. Its an ongoing loan . No additional charges being charged. They have only charged some processing fee . I am checking my statement online and the amount is debited from my salary account
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 17, 2015
    • Corporation Bank Personal Loan
      "Not bad..."
      0.5 2.0/5 "Expected more"
      Documentary part was huge in Corporation bank. They offered me 13% interest. Loan process was very slow when I compare to HDFC Bank and AXIS Bank. Corporation bank took around a month. They should speed up their process in terms of personal loan.
      Was this review helpful? 2
      , bangalore
      Reviewed on Nov 05, 2015
    • Corporation Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have got the personal loan with the Corporation bank and the rate of interest was around 14%. I have taken around 2 lakh Rupees as capital and I am paying around 7000 Rupees as EMI for 3 years of time. I got the loan within 2 weeks of time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 02, 2015
    • Corporation Bank Personal Loan
      "Got it easily "
      0.5 5.0/5 "Blown Away!"
      Very recently I have taken my personal loan from CORPORATION BANK. My sister in law is working as the bank manager there so I took this very easily from them. Based on the salary account they offered personal loan to me. I do not find any difficulties with them.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 21, 2015
    • Corporation Bank Personal Loan
      "Roaming For A Loan...."
      0.5 1.0/5 "Really Bad"
      Before 1.5 years I started asking for a personal loan in corporation bank. I have never received a proper response from them. Every time the manager says that he is busy with some paper works and ignores me. It will be better if they can finalize and inform me whether it is possible for them to offer me a loan, it may save my time.
      Was this review helpful? 1
      , chennai
      Reviewed on Sep 23, 2015
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