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A doctor's loan is a specialized loan product designed for medical professionals such as doctors, dentists, and other healthcare professionals. These loans usually offer favourable terms, such as lower interest rates, flexible repayment options, and higher loan amounts due to the borrower's higher earning potential. Doctors' loans are similar to personal loans, and individuals can use them to finance a variety of expenses, including medical practice startup costs, equipment purchases, office renovations, and debt consolidation. Here is a detailed guide on the doctor's loan and how it works. Doctor's loan eligibility criteria: To be eligible for a doctors loan , the applicant needs to be a medical professional, including doctors, dentists, and other healthcare professionals, and meet other eligibility criteria such as a good credit score, monthly income, and employment tenure. How does Doctor's loan work? The loan amount depends on several factors such as the typ
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