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PNB Doctors Loan

PNB Loan for Doctors: Details

Last Updated 12th Jan 2022

  • Get best offers on doctor loan PNB for renovating or opening a clinic or lab, and purchasing medical equipment.
  • Eligibility of PNB doctor loan depends on job stability, income, credit score, etc.
Interest Rate 7.90%
Check Best Offers
Processing Fee 0.90%
Loan Tenure 6 Months - 60 Months
Loan Amount ₹ 5 Lakh - ₹ 20 Lakh
Age 25 Years - 65 Years
Part Payment Facility Allowed
Nil Charges
Foreclosure Facility Allowed
Nil Charges
Apply for Doctor Loan @ 10.50%*

Doctor Loan PNB

Doctor loan PNB is a loan which can be availed by qualified doctors with MBBS, BAMS, BHMS, MD, BDS degrees for various purposes like setting up a clinic or a nursing home, buying medical equipment etc. PNB medical treatment loan can be availed within 2-3 days. It can even be availed within a few hours if it is a pre-approved loan. Ensure meeting the PNB doctor loan eligibility and documentation to get doctor loan from PNB easily.

Features of PNB Personal Loan for Doctors

Some features of doctor loan PNB are:

  • Get maximum loan upto ₹ 20,00,000
  • Flexible loan tenure which ranges between 6 Months - 60 Months
  • You can prepay part of your loan anytime with 1% charge
  • Get processing fee on your loan upto 0.90%

Eligibility Criteria for PNB Doctor Loan

PNB has detailed criteria to determine a potential borrower’s eligibility for professional loan for doctors.

Some of the key eligibility criteria are summarised in the table below:

Eligibility Criteria
Age: Min 25 years and Max 65 years
Job Stability (Years) 3 Years
Minimum Credit Score 650 and above
Loan Amount ₹ 5 Lakh to ₹ 20 Lakh
Loan Tenure 6 Months - 60 Months
ITR returns 24 Months

Doctor Loan PNB Documents

Following Documents are required for applying for Doctor Loan with PNB

  • 2 passport size photographs
  • Filled doctor loan Application Form
  • Identity Proof (PAN Card) : Passport, Driving License, PAN Card
  • Qualification Proof : Graduate or Postgraduate qualification certificate, IMA (Indian Medical Association) membership number, or any other registrations allowed by Indian Government
  • Address Proof : Passport, Telephone bill, Electricity bill, Rental agreement, Driving license, Election ID card
  • Latest 3 months pay slip
  • 6 months bank statement/ Last 2 years ITR
  • 3 Post Dated Cheques/ECS Mandate
  • Professional/Self- employed existence proof for more than 3 years

Processing Fee and Other Charges for PNB Doctor Loan

In addition to interest rates, these loans also carry some other charges which include:

Prepayment charges Nil Charges
Processing fee 0.90%

How do I Apply For a Doctor Loan PNB?

To apply doctor loan PNB perform the following steps:-

  • Visit the nearest PNB branch
  • Fill the application form for doctor loan
  • Submit the required documents
  • Lender will verify the documents
  • In 2-3 days loan amount will be disbursed in your account

PNB Doctor Loan Calculator

PNB Doctor Loan Eligibility is the amount of loan you can avail based on an assessment of your repayment capacity as well as your income. It is important to calculate eligibility for a loan from the bank. You can calculate your loan eligibility using the MyLoanCare Doctor Loan Calculator to get a fairly accurate estimate of your potential eligibility subject to the information provided by you.

You can also use the online PNB Doctor Loan Calculator to calculate loan EMIs. EMI is a fixed amount that you are required to pay each month towards the repayment of your loan till the end of tenure. The EMI calculator helps you to calculate your monthly EMI at different rates of interest and also check and compare lowest EMI per lakh on loan to doctors. PNB Doctor Loan EMI depends upon multiple factors such as loan amount, interest rate and loan tenure:

Factors Affecting PNB Doctor Loan EMI

Loan Amount

Higher the loan amount, higher the PNB doctor loan EMI. Borrowed Loan amount depends upon the PNB doctor loan eligibility requirements and your income and credit score.

Interest Rate on loan for doctors

Another factor which affects your PNB doctor loan EMI is interest rate on the loan. Doctor loan interest rates in PNB begins from 7.90% but may vary depending upon your loan eligibility and loan amount.

Loan Tenure

This is the period in which you can repay your loan in PNB. Longer loan tenure means lower loan EMI. Generally, PNB offers loan for a maximum tenure of 6 Months to 60 Months.

What are the Benefits of Using PNB Medical Loan EMI Calculator?
  • PNB EMI calculator helps you to calculate your monthly EMI at different rate of interest.
  • PNB Doctor Loan EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living.
  • Getting an EMI estimate will help you ascertain the monthly EMI you can comfortably service for doctor loan PNB, thus allowing you to choose the right combination of loan amount and loan tenure.
  • You can also estimate the interest amount you pay over the tenure of the loan at various loan tenure as well as interest rates.

Illustration: Use doctor loan calculator to calculate PNB Doctor Loan EMI at different tenures

Loan for doctor PNB EMI for ₹ 1 Lakh loan amount at lowest 7.90% interest rate offered by PNB for different tenures

EMI per lakh of loan at different loan tenure
2 years 3 years 4 years
PNB EMI for a loan amount ₹ 1 Lakh at 7.90% ₹ 4,518 ₹ 3,129 ₹ 2,437
Total amount you pay back to the bank including principal and interest ₹ 1.17 Lakh ₹ 1.26 Lakh ₹ 1.37 Lakh
Interest you have to pay over loan tenure ₹ 16,936 ₹ 26,452 ₹ 36,741

The above table shows that EMI paid on the loan will be lower for a loan taken for a longer tenure. However, your total interest outgo is significantly higher in a long tenure loan. In the above example, if you take a ₹ 1 Lakh loan from PNB for a period of 4 years, you pay the lowest EMI of ₹ 2,437 . However, you pay an interest of ₹ 36,741 on a ₹ 1 Lakh loan.

In contrast, if you take a ₹ 1 Lakh loan from PNB at the lowest loan rate for a period of 2 years, you pay a higher EMI of ₹ 4,518 and pay an interest of only ₹ 16,936 which is less than half of what you pay for a 4 year loan. Hence, it is advisable to choose your loan tenure wisely as longer tenure means high interest expenses.

Doctor Loan from Other Banks in India


How much interest is charged by PNB on loan for doctors?

Doctor loan interest rate in PNB are 7.90% to 8.90%. The interest rate is dependent on the credit score, so higher the credit score means lower the interest rate.

What is the minimum and maximum tenure of PNB loan for doctors?

You can repay your professional loan for doctors in a flexible period of 6 Months to 60 Months. Also, you can prepay the loan before the tenure gets over, for that you will have to pay extra charges.

How much loan amount I can borrow from PNB?

PNB offers loan between ₹ 5 Lakh to ₹ 20 Lakh. PNB medical treatment loan is available to set up a new medical clinic or buy new medical equipment or even expansion or renovation of existing medical premises.

How much processing fee is charged by PNB on loan for doctors?

PNB charges a processing fee of 0.90% along with applicable service tax. Always, check the processing fee before applying for loan as it affects your budget.

Are there any prepayment charges on PNB loan for doctors?

Yes, you can prepay your loan with Nil charges. If there are no prepayment charges then it is a good idea to repay the loan before the tenure otherwise you may end up paying more.

Is age an eligibility factor to apply for PNB loan for doctors?

Yes, age is an important eligibility factor to get PNB loan for doctors. Your age should be as minimum 25 years to maximum 65 years at the time of taking loan from the bank.

Will I get the loan for doctors from PNB if I have a bad credit score?

It is advised to calculate your loan PNB EMI before taking a professional loan for doctors. Estimating your loan EMI in advance gives a clear picture on the number of doctor loan PNB EMIs to be paid over the loan tenure. In case the calculated EMI is more than your monthly budget, then you can consider applying for a lower loan amount with PNB which results in affordable EMI and fits into your monthly budget. Further, If you already know the EMI you have to pay each month, then you can plan your expenses accordingly.

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PNB Doctor Loan News - Jan 2022
  • 2021-07-15 : OBC & UBI merged with PNB
    After the merger of OBC and UBI with PNB in April 2020, PNB has now updated the IFSC codes of all the branches of PNB and UBI. New IFSC codes have come into effect from July 1, 2021.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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