Doctors often need large sums for clinic setup, equipment purchase, or practice expansion. Should they opt for a standard personal loan or a dedicated doctor loan? Here's the comparison.
Loan Amount
Doctor Loan: ₹5L to ₹75L | Personal Loan: ₹50K to ₹40L
Interest Rate
Doctor Loan: 10.5–14% | Personal Loan: 10.75–22%
Tenure
Doctor Loan: Up to 7 years | Personal Loan: Up to 5 years
End Use
Doctor loans specifically allow: clinic equipment, interiors, software, staff salary advance. Personal loans are more flexible but smaller.
Verdict
If you're a practicing physician needing more than ₹10L, a doctor loan wins on rate and tenure every time. Under ₹5L for personal needs — a personal loan may be quicker.