Introduction

Understand Loans for Professionals eligibility criteria

All you need to know about the eligibility criteria for Loans for Professionals

Profession Type

  • Professionals including doctors, physiotherapists, chartered accountants, architects, and company secretaries who are consulting or practicing.
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Work Experience

  • Doctors and Chartered Accountants: 4 years post-qualification.
  • Company Secretaries and Architects: 5 years post-qualification.
  • Physiotherapists: Minimum of 5 years post-qualification.
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Age

  • Applicants should be at least 25 years old and under 65 when the loan matures.
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Minimum Annual Income

  • Applicants must have a minimum annual income of ₹1 lakh.
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Profit-Making Business

  • The business must be profit-making for the two previous years.
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Loans for Professionals Eligibility Criteria

Profession Type:

 

  • Professionals including doctors, physiotherapists, chartered accountants, architects and company secretaries who are consulting or practicing.

 

Work Experience:

 

  • Doctors and Chartered Accountants: 4 years post-qualification.
  • Company Secretaries and Architects: 5 years post-qualification.
  • Physiotherapists: Minimum of 5 years post-qualification.

 

Age:

 

  • Applicants should be at least 25 years old and under 65 years of age when the loan matures.

 

Minimum Annual Income:

 

  • Applicants must have a minimum annual income of ₹1 lakh.
     

*Use our Business Loan Eligibility Calculator to know more

 

 

Profit-Making Business:

 

  • The business must be profit-making for the two previous years.
  • Click here to read more about the HDFC Bank Loan for Professionals  
  • Click here for the most important Terms & Conditions
     

Disclaimer: Terms and conditions apply. Loan for Professionals approvals are at the sole discretion of HDFC Bank Limited and are subject to documentation and verification as per the Bank's requirements. Interest rates are subject to change. Please check with your RM or the closest bank branch for current interest rates.

 

Frequently Asked Questions

To be eligible for Loans for Professionals, applicants must be at least 25 years old when applying and under 65 years old when the loan matures. The eligibility criteria also entails a level of stability and maturity in their professional and financial endeavors. This age range aligns with typical career trajectories, allowing professionals to access funding at various stages of their careers, from establishing their practice to expanding or diversifying their services.

The minimum credit score required for Loans for Professionals is 720. 

HDFC Bank offers Loan for Professionals to practising and consulting professionals such as Doctors, Chartered Accountants, Physiotherapists, Architects, and Company Secretaries. You must be actively engaged in your profession either as a consultant or through your own practice to be eligible for the loan.

To apply for an HDFC Bank Loan for Professionals, you must have at least 4 years of post-qualification experience if you are a Doctor or Chartered Accountant and 5 years if you are a Company Secretary, Architect, or Physiotherapist.

To qualify for HDFC Bank Loan for Professionals, you must be at least 25 years old at the time of application. Additionally, your age should not exceed 65 years at the time the loan matures, ensuring your loan tenure is within your working lifespan.

You must have a minimum annual income of ₹1 lakh to qualify for HDFC Bank Loan for Professionals. This income threshold ensures that you have the financial capacity to repay the loan based on your current earnings from your profession or practice.

Yes, your business or professional practice must have been profit-making for at least the last 2 financial years to qualify for HDFC Bank Loan for Professionals.

Under HDFC Bank Loan for Professionals, you can avail a loan amount of up to ₹75 lakh, depending on your location and creditworthiness. The actual loan amount sanctioned is based on your repayment history and overall credit profile.

HDFC Bank evaluates your past loan repayment behaviour to determine your eligibility and loan amount for Loan for Professionals. A good credit history increases your chances of approval and allows access to higher loan amounts due to your reliable repayment track record.

You can choose a repayment tenure ranging from 12 months to 60 months for HDFC Bank Loan for Professionals. This flexible tenure option allows you to structure your loan repayment according to your financial planning and monthly cash flow preferences.

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