To get a personal loan for a doctor, download the RING app from the Play Store or App Store. Register with your basic details and complete the paperless KYC process. Once verified, you can apply for the loan directly through the app. The process is quick, easy, and 100% digital. Approval and disbursement typically happen within minutes, making it one of the fastest ways to secure a personal loan.
with RING: Get a Personal Loan for Doctors Today!
Empower Your Practice
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Personal Loan for Doctor
RING offers a seamless, hassle-free way for doctors to get personal loans tailored to their unique needs. Whether you're looking to renovate your clinic, buy medical equipment, or manage cash flow, our flexible loan options help you achieve your goals with ease.
Benefits of Personal Loan for Doctor
Instant Approval: No waiting, get your personal loan for doctors in minutes!
Flexible Repayment: Choose repayment terms that fit your practice’s cash flow.
High Loan Limits: Avail loans up to Rs. 5 lakhs – perfect for all your professional needs.
No Collateral Needed: Get started without any security or physical documentation!
Features of Personal Loans for Doctor
Credit Up to Rs. 5 Lakhs
Avail of credit up to Rs. 5 lakhs with paperless KYC.
Flexible Repayment
Choose repayment periods from 3 to 60 months.
Instant Approval
Money transferred to your bank account in 5 minutes.
Zero Paperwork
100% Digital - Hassle-free process
No Collateral Required
Secure a loan without pledging any assets.
Transparent Terms
Know all costs upfront with no hidden charges.
Competitive Rates
APR ranges from 32% to 57% per annum.
Multi-Purpose Loans
Use your loan for personal or business purposes
Check Your Eligibility
Instant Personal Loan Eligibility Criteria
To qualify for a personal loan applicants need to meet the following criteria:
- Nationality: Indian citizen.
- Age: Between 23 and 55 years.
- Documentation: Selfie, PAN Card, and Aadhaar Card.
- Income Proof: Required only for select high-value loans based on credit profile.
- Profile : Salaried, Self-Employed, Small busines owner & MSMEs
Having these documents prepared ensures a smoother and quicker application process
We've made it easy and convenient to apply for a Personal loan for Doctor with us.
Follow these simple steps to get started:
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Verify Mobile Number
Enter your number on the RING app/website, receive an OTP, and verify.
Personal Loan For Doctor EMI Calculator
Breaking Down the Cost: Interest Rates Explained
A tool designed to help you understand the monthly payment on your loan. Whenever you take a loan, the EMI amount that you will pay is very important in helping you arrive at your final loan amount and repayment tenure. Our personal loan calculator helps you do just that. You will be able to see your monthly payment, and this will help you decide what your loan amount should ideally be, and if it is payable over a period.
Principal Amount (A): ₹500,000
Interest Amount (B):
Your EMI: ₹ per month
Your Loan Amount: ₹500,000
At Interest Rate of: 2%
For : 2 years
Total Payable: ₹
Here’s a quick example to illustrate:
- Loan Amount (Principal): ₹1,00,000
- Tenure: 12 months
- Interest Rate: 13% per annum
- Processing Fee (incl. GST): ₹3000 (3%)
- Total Interest: ₹7,180.73
- EMI: ₹1,374.63
- APR: Start from 14%
Disclaimer - The Loan EMI Calculator only shows an estimate. Consult your lender for accurate details.
The Formula to Calculate EMI on Personal Loan for Doctor
The formula for calculating EMI is as follows:
EMI = [P x R x (1+R) ^N]/ [(1+R) ^ (N-1)]
P= Principal loan amount | R= Monthly interest rate (annual interest rate divided by 12) | N= Loan tenure in months
**To explain it further, let’s see an example:**
Suppose you take a Personal Loan for Doctor for ₹5,00,000 with an annual interest rate (IR) of 10% for a tenure of, say, 5 years (60 months).
First, convert the annual interest rate to a monthly interest rate. In this case, the monthly interest rate would be 10%/12 = 0.00833.
Using the formula, you can calculate the EMI as follows:
EMI = [500000 x 0.00833 x (1+0.00833)^60] / [(1+0.00833)^60-1]
By simplifying the equation, you will find that the EMI for this loan would be approximately ₹10,609.
This means that your monthly payment will be ₹10,609 for 60 months to repay the loan amount along with the interest.
For a more detailed explanation, you can refer to this blog.
Hear from Our Happy Customers
Dr. Meera Shah
Mumbai
When I needed to upgrade my diagnostic equipment, I turned to RING for a personal loan for doctors. The application process was incredibly swift, and I had the funds in my account in no time. Now, with the new ultrasound machine, I can provide even better care to my patients. RING's loan not only helped me improve my practice but also reinforced my trust in their service.
Dr. Arjun Patel
Delhi
I was looking to renovate my clinic to provide a more comfortable experience for my patients. Thanks to RING’s personal loan, I could transform my space without any financial strain. The best part? The process was entirely digital and quick, saving me a lot of hassle. I highly recommend RING to fellow doctors who need financial support for their practice.
Dr. Nisha Menon
Bangalore
RING came to my rescue when I faced an unexpected financial crunch. I needed a loan urgently, and their personal loan for doctors provided the perfect solution with flexible repayment terms. The whole process was transparent, and there were no hidden charges. RING made managing my finances simple and stress-free.
Dr. Anil Kapoor
Hyderabad
As a dentist, I wanted to upgrade my dental equipment to the latest technology. The RING app made it so easy to get a personal loan for doctors tailored to my needs. The loan amount was sufficient to cover all my expenses, and the interest rate was competitive. I’m thrilled with the service and would definitely recommend it to my peers.
Dr. Kavita Rao
Chennai
I was pleasantly surprised by how quickly RING processed my loan application. Within minutes, my loan was approved, and the funds were disbursed shortly after. The seamless process allowed me to focus on my work rather than paperwork. RING’s personal loan for doctors is a fantastic option for those who need quick financial support.
Dr. Sanjay Singh
Pune
I’ve used several financial services, but RING stands out for its exceptional customer service and transparent terms. I needed a loan to expand my clinic, and RING’s personal loan for doctors was just what I needed. Their empathetic approach to customer care made the whole experience smooth and stress-free. A big thumbs up to RING!
Find the Right Personal Loan For You
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Invest in your future or your child's education with our flexible education loans. Cover tuition fees, buy study materials, or enrol in that special course without financial stress.
Personal Loan for Home Renovation
Give your home a makeover without breaking the bank. Whether it’s a new kitchen, a fresh coat of paint, or an extension, our loans make it possible.
Personal Loan for Weddings
Make your special day even more magical with our wedding loans. Plan the perfect wedding without worrying about the expenses, from the venue to the honeymoon.
Got Questions? Let's get to them.
How do I get a personal loan for a doctor?
How much loan can a doctor get?
A doctor can avail of a loan ranging from Rs. 10,000 to Rs. 5 lakhs, depending on their credit profile, income, and repayment capacity. The exact loan amount will be determined during the application process on the RING app, considering various factors like credit score, income stability, and previous credit history.
How can I get a doctor's loan?
To obtain a doctor’s loan, follow these steps:
- Download the RING app.
- Register with your personal details.
- Complete the KYC process by submitting necessary documents like PAN and Aadhaar.
- Choose the loan amount and tenure based on your needs.
- Submit the application and wait for approval, which is typically instant.
What is the interest rate for doctor's loans?
The interest rate for a personal loan for doctors through RING ranges from 18% to 36% per annum, depending on the applicant's creditworthiness, loan amount, and repayment tenure. The rate is personalised for each applicant to ensure fair and transparent pricing.
More Questions
