Expedite growth in your career

A Professional loan is a collateral-free loan offered to self-employed professionals such as doctors, chartered accountants, architects, etc. for the purpose of upgrading their skills, expanding their practice, purchasing equipment, etc.

Professional Loan is offered to a wide range of profiles, as below:

• Graduate Allopathic Doctors

• Post Graduate Allopathic Doctors 

• BDS/ MDS

• Veterinary Doctor

• Physiotherapists

• BAMS, BHMS

• CA, CS, Architects

• Consulting Engineers

The minimum loan amount one can avail of is ₹5 Lakhs and up to a maximum of ₹1 Crore.

Being one of the leading banks in the Professional loan segment, we are currently offering our customers a loan tenure from a minimum of 12 months up to a maximum of 84 months.

Professional Loan can be availed in the form of a term loan or a dropline overdraft facility.

A term loan gives you a one-time amount of money that you repay over a pre-determined period in regular installments. The interest rate stays the same throughout, making it easier to plan and budget your repayments.

Here's a break-down of our Professional Loan application process:

• Submit the application form with the required documents

• Document verification (mandatory verifications instituted to ensure validation of the documents provided)

• Personal discussion (for assessment & to understand the customer profile from a risk perspective)

• Loan sanction

• Loan disbursement

The principal amount and the interest rate applied to the principal make up your EMI. The amount you borrow, the rate of interest charged, and the loan tenure are the variables that affect the EMI. If the interest rate increases, EMIs may alter.

Unlike a standard overdraft, a dropline overdraft is a revolving credit line, meaning you can borrow, repay, and borrow again up to your credit limit. The interest needs to be paid only on the amount utilized.

The withdrawal limit reduces every month till the end of the loan tenure. The limit can be renewed every year based on the repayment behaviour.