SBI Doctor Plus Bank Loan Scheme For Qualified Medical Practitioners

SBI Doctor Plus Bank Loan Scheme allows a hassle free financing solution for qualified medical practitioners in any discipline (a person possessing the qualification of MBBS, BAMS, BHMS, BDS, GAMS etc.). Although Doctor Plus loan scheme can be opted for all qualified medical practitioners, it is more suitable for freshers who has entrepreneurial attitude. Here we will find what are the features, eligibility, security, documents required and other things to be considered for availing Doctor Plus Bank Loan offered by State Bank of India.

Bank Loan - SBI "Doctor Plus" For Qualified Medical Practitioners

Features of SBI Doctor Plus Bank Loan

  • For buying medical equipments (For dentists doctors, the loan also covers dental implants besides equipments; for orthopedists, the loan also covers various replacements / implants for hip / knee / shoulder / spine etc.)
  • Setting up clinic, X-ray lab, nursing home, pathological lab, drug stores etc.
  • For purchase of vehicles, ambulance, computers, etc.
  • Expansion / renovation / modernisation of existing premises.
  • For marketing exercises, business trips.
  • Any other activities related to medical profession.

Eligibility for Doctor Plus Finance Scheme

  • Individuals / partnerships / Corporates / Trusts (with powers to borrow)
  • Promoters should be registered practitioners and possess minimum qualification such as MBBS / BAMS / GAMS / BDS / BHMS
  • Key promoters should be qualified doctors.

Loan Amount offered through SBI Doctor Plus

Maximum of Rs. 5 crores of which a sub ceiling for Working Capital limits at:

  • 10% of total loan amount for upto Rs 1 crore
  • 5% of total loan amount for above Rs 1 crore

Repayment of SBI Loan for Doctors

  • Maximum period up to 7 years
  • Maximum moratorium 12 months, except for construction purpose, for which moratorium can be upto 24 months

Primary Security for SBI Doctor Loan

Hypothecation of Assets financed by the Bank.

Collateral Security for SBI Doctor Loan

For loans upto Rs 1 crore, no collateral will be applicable if unit is eligible to be covered under CGTMSE guarantee scheme. Otherwise, tangible security of atleast 25% of the loan amount and personal guarantee of the promoter.

Insurance for SBI Doctor Loan

Insurance of assets purchased out of Bank loan and in respect of vehicles, comprehensive insurance as laid down.

Margin of SBI Doctor Loan

  • Upto Rs 5 lacs: *10%
  • Above Rs 5 lacs: *15%

* There is provision for concession on margin

Interest rates of SBI Doctor Loan

*Interest rate is based on score obtained on simplified credit scoring model

*There is provision for concession on interest rates

Processing Fee Charges for SBI Doctor Loan

0.5% of Loan Amount

Minimum Rs 500; Maximum Rs 50,000

**Sanctioning of loans upto Rs 25 lacs is based on credit scoring model. 50% and above scorers will qualify to avail this facility

***Sanctioning of loans above Rs 25 lacs is based on CRA rating.

Documents required for SBI Doctor Loan

As per SME documentation

Special features of SBI Doctor Loan

  • Eligibility as per credit scoring model - Minimum score - 50% for limits upto Rs.25 lacs; For above Rs.25 lacs, CRA model is applicable
  • Multiple disbursements can be made over a period of 24 months from the date of sanction based on requirement.
  • Half yearly inspection is stipulated.

There are 22 Comments

Sir i m MBBS degree holder.I am working as govt doctor (confirmed) as medical oficer.Can i avail the SBI Doctor plusloan.

Stanly Chirayath's picture

Doctor plus is intended same as a business loan. If you plan to start your own clinic or health related service business, you can apply for doctor plus. As a Govt. employee, bank won't consider you as a business man.

Anyhow, you are requested to contact your nearest bank branch to get clear advice.

sir i am lab technologist
sir i am working as a private hospital job
can i avail the doctor plus loan sir

Sir , i am a bds doctor. I want to build a big hospital. For guynec , eye , orthopedic, kidney specialist etc .. I want to tack lone from sbi .. So any mortgage is required.. .. I want take loan minimum 1 caror

Sir I'm a physiotherapy doctor I want to go for my own physiotherapy DAT I need some amount..can u help in giving loan

Sir I am a fresher just completed my MBBS degree .I want to take a loan for 30 to50 bed hospital, can u please tell me what is the procedure and how much I get....

sir I am BAMS(Bachelor of ayurvedic medicine and surgery)doctor. I want to set up my own ayurvedic clinic with panchakarma center at my own premises. I want to avail term loan of Rupees 5 lakh under your doctor plus scheme of SBI . Please guide me. Thanks

Respected ARUNDHATI Bhattacharya madam i Dr Amer MD unani medicine bring to your kind notice that BUMS is also recognised by the UGC and your loan planners might in haste have forgotton to include BUMS and BYNS along with BAMS,BHMS.hencei request you to kindly include these two courses because currently more than 50000 practitioners are practicing BUMS system of medicine all over INDIA and they are registered with their respective state boards and CCIM the central regulatory for dept of AYUSH. THANK YOU.

i am mbbs doctor need loan for clinic upto 25 lac please tell me procedure

myself dr Bhagyashree completed my bhms want to start my new opd
n whatever I have is my degree
plzz do let me knw wht procedure is needed
I need loan up to 3 to 4 lakhs

Stanly Chirayath's picture

All banks are pleased to give personal loans to professional doctors. Salary certificate / income proof for two years will be the primary document. Meet branch manager in your bank.

I am a BUMS Doctor (Bachelor of Unani medicine and Surgery) i want to up my own Nursing home. So i want to have loan of 5 Lakhs Rupees under doctor plus scheme of SBI please guide me.

I am working as Govt. Doctor (medical officer) under NHM on contract base. I have 2 account in sbi - saving and ppf.

I am a BAMS & my wife is BDS. We want to setup a new clinic that requires Rs. 25 lakhs from SBI loan schemes for Doctors. Please explain me the process.


sir i am a engineer and want to open a hospital for public service
can i eligible for loan

I am BHSM , Practicing since12 year want to open 15bed nursing home in a 10years lease building. Please kindly guide me. Thank you.

Is there any concession for setting hospital in rural area?