Doctor Loan – A Helping Hand for Medical Practitioners to Finance Equipment Purchase


There is no hiding the fact that setting up a medical facility requires substantial investment. Not only clinic space but doctors have to spend a significant amount behind equipment, especially if they are dentists, ophthalmologists, etc.

Investing in instruments and tools also becomes a financial burden if you are planning to expand your practice or open a pathological lab.

Hence, NBFCs are offering medical equipment financing in India to help you avail funds specifically for such expenses. Loans offered by these companies can help you get the best equipment.

You can avail two types of loans purchase equipment:

  1. Business loans for doctors

A business loan for doctors is the ideal financing option to go for as these are short-term. These loans are collateral-free or unsecured.

Lenders offer these loans not only to help you finance equipment but also expand your operations, renovate your clinic, hire more staff, etc.

Some of the features of these loans include:

  1. High-value loans – NBFCs offer business loans up to Rs. 30 Lakh to help you buy any equipment, – a refractometer to keratometer, x-ray machine to dental chairs, etc.
  2. Short-term tenors – These loans come with tenors ranging from 12 to 60 months. Longer tenors make your EMIs more affordable. Shorter tenors lower your cost of loan.
  • Quick disbursal – You can avail the funds in your account within 48 hours.

Eligibility criteria

You need to hold a post-qualification experience to apply for this medical equipment financing in India. The eligibility criteria are different for each medical field.

  • Super-specialist doctors – None required.
  • Dentists – 5 years.
  • Graduate doctors – 2 years.
  • Homoeopathic doctors with DHMS – 15 years.
  • Ayurveda and homeopathy doctors with BHMS or BAMS – 6 years.


NBFCs need you to submit your medical registration certificate and KYC documents (PAN, Driving License, Aadhaar, Voter ID, Passport, etc.).

  1. Loans against property for doctors

Loan against property is another loan for doctor that you can use for medical equipment financing in India. These loans are secured and you have to mortgage an asset to apply.

You can avail these loans if you require substantial funds that a standard business loan may not suffice.

Few of the features of these loans include:

  1. High loan amount – Financial institutions offer up to Rs. 2 Crore.
  2. Long-term tenors – Repayment periods of these loans can go up to 18 years.
  • Rapid approval – NBFCs can approve your loan within 24 hours.
  1. Balance transfer facility – You get the option to transfer your loan balance to another lender offering lower doctor loan interest rates.
  2. Top-up loan – Some NBFCs offer a high-value top-up loan when you avail a balance transfer facility.

Eligibility criteria

  • Super-specialist doctors – 2 years.
  • Dentists – 5 years.
  • Graduate doctors – 3 years.
  • Homoeopathic doctors with DHMS – 15 years.
  • Ayurveda and homeopathy doctors with BHMS or BAMS – 5 years.


You have to provide the following documents along with the ones mentioned above to avail this medical equipment financing in India:

  • Documents of the property you have to mortgage.
  • Balance Sheet and Profit & Loss Account Statement of the last 2 years.
  • Income tax returns of the previous 2 years.

Make sure you have answers to all the questions before you take a doctor loan. Also, compare the rate of interest, charges, and other conditions before you apply.


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