Multiple banks. Different interest rates. Call it a "conflict of interest".

    Dena Bank Doctor Plus

    Dena Bank provides a specific loan that is aimed at helping consultants and practicing doctors working in clinics or hospitals to expand their operations to include better services and treatment. This loan features low interest rates and fast approval times.

    Usage of Dena Bank Doctor Plus

    This loan is provided exclusively to people with valid medical registration numbers. The loan thus availed can be used to purchase assets to aid in the development of medical facilities or in improving the level of service provided in terms of treatment and healthcare.

    Eligibility Criteria for Dena Bank Doctor Plus

    A specific loan meant for medical professionals, the eligibility criteria to be met in order for the institution to be able to sanction the loan include the following entities -

    1. Individuals, proprietorship or partnership firms, private limited companies engaged in providing medical, pathological and/or diagnostic services
    2. Applicants or promoters must have recognized qualification in any branch of medical science like MBBS, BAMS, BDS or any degree or course in physiotherapy, radiology or any other relevant stream
    3. Applicants should be over 25 years of age at the time of applying for the loan and not more than 65 years at the time of loan maturity

    Types of Financing under Dena Bank Doctor Plus

    The financing modes allowed under the Doctor Loan is a term loan with limited working capital portions.

    Loan limits under Dena Bank Doctor Plus

    Based on the credit-worthiness of the applicant, Dena Bank can provide loans up to a maximum of INR 2 crores. The working capital funds are limited to 10% of the loan amount.

    Margins charged by Dena Bank will be 10% for loan amounts up to INR 10 lakhs, 25% for loan amounts above INR 10 lakhs and for acquisition of premises for clinic, the margin is 33.33% irrespective of the amount of the loan.

    Interest rates for Dena Bank Doctor Plus

    Interest rates for a Doctor Plus Loan are set at 12.50% per annum, irrespective of the repayment time. The rates are as per November 2015.

    Documentation required during applying for Dena Bank Doctor Plus Loan

    The standard list of required documents for applying for this loan are mentioned as follows –

    1. Immediate preceding 2 years’ Form 16 along with 3 months’ payslips
    2. Immediate preceding 3 months’ salary credit bank statements
    3. Educational qualification certificates
    4. Government approved identity and address proof
    5. Registration number pertaining to valid Medical License

    Features of Dena Bank Doctor Plus

    The Doctor Plus Loan from Dena Bank is an unsecured loan that requires no guarantors or collaterals and is a really good financing option for medical practitioners to start a new venture or improve upon existing facilities.

    The loan period can be of 84 months and the loan processing time is very less when compared to other business or personal loans. The loan process involves minimal documentation.

    Applying for Dena Bank Doctor Plus

    Through Dena Bank’s website the forms can be downloaded, filled and submitted along with relevant documents at a local branch. Additionally, one could call or mail Dena Bank requesting an executive assistance for application process.


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