SBI Doctor Loan 2022

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SBI Doctor Loan 2022 Highlights

SBI Doctors Loan up to Rs. 2 Crore ✔ Avail both secured and unsecured Loans for Medical Professionals ✔ Check Pre Approved offers on Physician Loans ✔ Apply for SBI doctor loan from Afinoz ✔ Flexi Loans Facility


The State Bank of India is the largest public sector bank in the country and one of the largest loan providers in the Best business loan segment. With the ever-longing base of customers, the bank offers a wide range of customer centric products related to the specific field of operations of their individual businesses. The products offered by the state bank are mainly low cost in terms of interest rate charges and other fee/taxes. 

SBI Doctor Plus Scheme

State Bank of India offers easy loan to professionally qualified doctors, holding a degree, and the ones who are looking forward to setting up a new clinic or look to purchase new medical equipment for the existing set-up and for various other purposes. 

Here are some of the key features of the Doctor Plus Scheme;

  • Maximum quantum of loan up to ₹ 5 Crore
  • Flexible repayment tenor starting from 3 – 7 years
  • Card facility available
  • Increased quantum for Corporate/Partnerships/Individuals
  • Repayment based on cash accruals of the set-up

Eligibility Criteria

State Bank has provided some specific guidelines when it comes to the eligibility for a doctor to avail a personal loan. The SBI Doctor Plus Scheme is a customized loan product that one can avail to fulfill both short- and long-term obligations related to business setup and equipment procurement. 

To avail this loan, a borrower requires to submit their proof of registration and other documents pertaining to loan repayment and residential status. 

The eligibility criteria are as following:

  • Minimum age requirement is 25 years
  • Borrower must be a registered allopathic practitioner
  • Promoters of allopathic hospitals/nursing home can apply
  • Min. 1 year of ownership of the property and land to be used

SBI Doctor Plus Interest Rates

SBI offers a two-way disbursement plan for the SBI Doctor Plus personal loan;

The Doctor Plus Scheme is offered on the basis of overall profile score of the borrower, as there are certain eligibility criteria in place there is a lot of scope for the interest rates to be flexible. The initial range of the rate of interest charged under the Doctor Plus Scheme is as given in the table:

Loan Type

2 Year MCLR

Spread on MCLR

Effective ROI

Term Loan


3.5% - 5.15%

11.65% – 16.3%

Doctor Plus Scheme Documents Required

The State Bank of India Doctor Plus Scheme requires a few documents for the overall process of loan application. Here is a list of documents required to apply for a Doctor loan from SBI:




Application Form duly filled and signed


4 Passport size photographs (coloured)

Proof of Identity

(Any of these)

Copy of Passport/Driving License/Copy of Aadhar Card/Copy of Voter ID Card

Proof of Residence

Registered Rent Agreement (Min. 1 year of stay)/Utility Bills (For the last 3 months)

Proof of Incomes

  1. Professional certificate/Proof of Registration
  2. ITRs for the last two Assessment years
  3. Bank Statement for the last 3 months
  4. Deed of Partnership/Memorandum of Association


Proof of ownership (Trust, Individual, Corporate, Partnership)

SBI Doctor Plus EMI Calculator

SBI ensures that its customers get the most suitable amount of loan at the best interest rates possible. To make it more simplified and interactive with its customers, the bank offers a simple formula to calculate and process the specific monthly instalments one would require to pay for their desired loan amount for a specific tenure.

Now you can easily evaluate and calculate your SBI Doctor Plus Loan eligibility and EMI by using the Personal loan EMI calculator at The calculator uses a simple and method-based approach to quickly calculate and determine the EMI outflow every month including the interest rate and other charges you will need to pay as part of the loan repayment.

Let’s take an example if a Doctor avails a loan of ₹ 20 Lakh from the SBI for a flexible tenure, the projected EMI and interest payment for the period of loan repayment will be as shown in the table below:

Loan Amount

ROI @ 12.65%

Tenure (Months)































How to apply for State Bank of India Loan through Afinoz

While you do your State Bank Doctor Plus loan application through Afinoz, you should check the following: -

  • Check your State Bank of India Doctor loan eligibility with the personal loan eligibility calculator at You can simply log on to, fill in a form which requires easy details and get a precise and accurate assessment of your personal loan eligibility in less than a minute
  • Check your State Bank personal loan EMI with the simplified personal loan EMI calculator at This will allow you to get details regarding the amount you would need to pay every month as the repayment of your loan
  • You can also check the details about the basic requirement of documents for your Doctor Plus Scheme loan application. Whether you are a salaried doctor or a self-practitioner, applying with the proper set of documents will enhance your chances of getting your loan approved in the least possible time


SBI Doctor Plus Personal Loan Status

With State Bank of India, it is quite convenient and easy to track the status of your loan application by taking a few simple steps. First, by visiting the web-site or through the mobile phone application, and login using your credentials such as your login id and password, going further one needs to enter the application number or the document number which is provided for the loan application. Going forward, the page shows the overall activity and the account summary, where one can easily track the loan application status, thus can know whether the loan has been approved, in process or is rejected.

SBI Doctor Plus Customer Care

In case of any queries or concerns regarding the Doctor Plus Personal Loan, an applicant or a borrower can connect with the bank on the toll-free number 1800 11 2211 and 1800 425 3800. These numbers are provided for 24X7 support, the customer service executives are prompt and efficient, and can guide a customer through almost all kinds of technical and financial assistance regarding the loan application or other transactional activities.

➤ FAQs

Ques. Why I must calculate SBI doctor plus loan EMI before applying for a loan?

It is often advised to calculate your loan EMI before taking a professional loan. Anticipating your loan EMI in advance provides us with a better picture on the amount to be paid over the loan tenure as EMIs. In case the calculated EMI is more than your overall monthly budget, then one can consider applying for a lesser loan amount which results in affordable EMIs and fits into your monthly budget.

Ques. What is rate of interest charged by the State Bank on Doctor Plus Scheme?

The rate of interest being charged under the SBI Doctor Plus Scheme is 11.65% to 16.60% per annum.

Ques. What is the minimum and maximum tenure of SBI Doctor Plus Scheme?

A borrower can repay their loan in a flexible tenure ranging from 12 Months to 84 months.

Ques. How much loan amount can I borrow from SBI under the Doctor Plus Scheme?

Under the Doctor Plus Scheme, the SBI offers loan between ₹ 10 Lakh to ₹ 5 Crore.

Ques. What is the processing fee that is charged by the SBI on loan for doctors?

SBI charges a processing fee of 2.00% - 5.00% of the loan amount being disbursed, along with applicable GST.

Ques. Are there any prepayment charges on SBI loan for doctors?

Yes, you can prepay your charges on professional loan from SBI at no cost after 6 months from the date of disbursement.

Ques. How does repayment happens for loan for doctors?

The repayment of any loan is carried out in the form of an EMI (Equated Monthly Installment) through the customer's bank account. The borrower is required to submit a number of postdated cheques and provide a signed/verified ECS mandate bought out in the favor of the bank at the time of loan disbursement.

Ques. Will I get the loan under the Doctor Plus Scheme from the SBI even if I have a bad credit score?

No that might be a little difficult as for taking a loan from the SBI, an applicant must have a good credit score ranging somewhere between 650 and 800. In general, most of the banks avoid giving loans if you have low credit score.