Key Features of Doctor Machinery Loan
Feature
Loan Type
Details
Unsecured (No collateral required)
Loan
Amount
₹50,000 – ₹50 Lakhs (can go higher with good
profile)
Tenure
Interest
Rate
Processing
Time
Eligibility
Repayment
Collateral
Required
1 to 7 years
9% – 16% p.a. (varies by lender & profile)
2–5 working days
Registered medical professionals (MBBS,
BDS, MD, MS, etc.)
EMI (monthly) or flexible repayment
❌
No (fully unsecured)