Updated: October 10, 2022
Doctors' loans in the Philippines
If you are a doctor in the Philippines, you know it can be challenging to get a loan. Traditional banks are often unwilling to lend money to professionals like doctors because they consider them high-risk borrowers. It can make it difficult for doctors to purchase property, start a business, or even pay for medical school. We will discuss the different loan options available to doctors in the Philippines. We will also provide information on how to apply for a doctor's loan and the requirements. Let's start today!
Amount
Term (days)
MoneyCat Loans
CS201953073
0.4%
Percent, per day
1000 - 25000 PHP
Amount
90 - 180 day
Term
Show more
Features
APR:
from 145 up to 365%
Review time:
1 day
Early Settlement:
no
Guarantor:
no
Client
Age:
20 - 60 years old
Citizenship:
Required
Employment:
Required
Proof Income:
Not required
Disbursement & Repayment
Disbursement time:
1 day
Disbursement methods:
Bank Account;
Repayment methods:
Dragon Pay; GCash; Online Payment;
Pros & Cons
Pros:
You can easily get a loan, in a few steps
You only need to spend 5 minutes to register
You don't have to go to the bank and stand in line. The entire process of obtaining a loan takes place online through a phone, tablet or computer
Cons:
High interest rate
Details
MoneyCat is a financial company that will help you quickly and easily get a loan within 24 hours online. You need to fill out the registration form on the site and go through a quick verification, after which the money will be transferred to your bank account
Digido loans
CS202003056
0.1 - 0.4%
Percent, per day
1000 - 10000 PHP
Amount
10 - 180 day
Term
Show more
Features
APR:
from 143%
Review time:
1 day
Early Settlement:
no
Guarantor:
no
Client
Age:
21 - 70 years old
Citizenship:
Required
Employment:
Required
Proof Income:
Required
Disbursement & Repayment
Disbursement time:
1 day
Disbursement methods:
Bank Account;
Repayment methods:
GCash; Dragon Pay; Online Payment;
Pros & Cons
Pros:
Fast processing of the application within 24 hours
There are no additional payments. Only payments under your loan agreement
Cons:
If you do not pay on time, the credit company may charge you an additional penalty
Details
Digido is an online lending company that has a state license and permissions to provide lending services. You can apply for a loan simply and quickly through the company's website, remembering the registration form. The answer to your application will come within 24 hours and within 24 hours after approval you can receive money to your bank account
Kviku Personal Loans
0.16%
Percent, per day
1000 - 25000 PHP
Amount
60 - 180 day
Term
Show more
Features
Early Settlement:
no
Guarantor:
no
UnaCash Personal Loans
0.3%
Percent, per day
2000 - 30000 PHP
Amount
61 - 180 day
Term
Show more
Features
Early Settlement:
no
Guarantor:
no
BDO Personal Loans
0000034001
1.25 - 1.3%
Percent, per month
10000 - 1000000 PHP
Amount
6 - 36 month
Term
Show more
Features
Early Settlement:
yes
Guarantor:
no
Client
Age:
21 - 70 years old
Min. Salary:
180000 PHP
Citizenship:
Required
Employment:
Required
Employment Details:
Regular employee or self-employed firm with at least two years of operations
Proof Income:
Required
Disbursement & Repayment
Disbursement methods:
Bank Account;
Repayment methods:
Bank Cash Payment;
Unionbank Quick Loans
0000036073
4%
Percent, per month
1000 - 1000000 PHP
Amount
1 - 12 month
Term
Show more
Features
Early Settlement:
no
Guarantor:
no
Client
Age:
21 - 65 years old
Citizenship:
Required
Employment:
Required
Proof Income:
Required
Loan Programs for Doctors in the Philippines
As a doctor, you have plenty of options when it comes to taking out a loan in the Philippines. Whether you're looking to finance your studies, expand your clinic, or take care of other personal expenses, there's a loan product out there that can suit your needs. To help you make the best decision, we've compiled a list of the best loans for doctors in the Philippines.
1. Doctor's Salary Loan from SSS: The Social Security System (SSS) offers a salary loan program specifically for doctors. To qualify, you must be an active SSS member with at least 24 months of contributions. You can borrow up to P20,000 with an interest rate of 10% per year. The loan is repayable within 2 years.
2. Pag-IBIG Fund Multi-Purpose Loan: The Pag-IBIG Fund offers a multi-purpose loan that can be used for any purpose, including financing your education or expanding your medical practice. To qualify, you must be an active Pag-IBIG member with at least 24 months of contributions. You can borrow up to P2 million with an interest rate of 10% per year. The loan is repayable within 5 years.
3. BPI Family Savings Bank Professional Loan: The BPI Family Savings Bank offers a professional loan program that can be used for any purpose. To qualify, you must have at least 2 years of work experience and earn a monthly income of at least P30,000. You can borrow up to P1 million with an interest rate of 8% per year. The loan is repayable within 5 years.
4. HDFC Bank Doctor Loan. HDFC Bank's doctor loan is designed specifically for medical professionals who are looking to finance their studies or expand their clinic. You can borrow up to PHP5 million with this loan, and you can choose to repay it over a period of 12 to 60 months. Interest rates start at 3% per year, and there are no hidden fees or charges. To qualify, you must be 21 years old or above and earning at least PHP30,000 per month from regular sources of income such as salary or allowances.
5. Online Lending Companies. An online loan is a type of loan that can be applied for and received entirely online. Online loans are becoming increasingly popular in the Philippines due to their convenience and ease of application. Applying for an online loan is usually quicker and simpler than applying for a traditional bank loan, and you can often get approved for an online loan with bad credit.
There are many loans available for doctors in the Philippines depending on what your needs are. We have compiled the five best options available based on interest rates, loan amount, and repayment terms. When choosing which one is right for you, it is important consider what your needs are so that you can make an informed decision. With so many options available, you are sure find one that meets your needs .
Fintree Philippines
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Disclaimer: Fintree Philippines is a loan comparison site that helps users find the best options for their needs. We are not a financial company and we do not provide loans ourselves. We work with a number of trusted partners to offer users a range of loan options to choose from. We don't charge the user for choosing a loan, but we do get a commission from our partners. Please read the terms and conditions of the lending organization carefully before you accept it and make sure you will be able to pay it back on time.