Are you a doctor? Are you looking for a loan? You will be happy to know that you can apply for a specialized loan known as a doctor loan. You may have many years of experience and now you are planning to start your own clinic. But, money can be the biggest barrier. To do away with this obstruction, financial institutions have come up with the solution of a doctor loan.
But, before you apply for a doctor loan, you must calculate the EMI amount using the loan calculator. You simply need to enter your principal amount, loan tenor and the rate of interest set by the lender and you will get the EMI amount instantly. This EMI amount must match with your affordability, otherwise in the later stage you may have the chances of becoming a defaulter.
Here is a real-life experience of Dr. Manmohan Tiwari, a resident of Kanpur. After 15 years of practice in a leading private hospital, he wanted to open his own medical clinic to treat and care people. He started his own business, with the support of a doctor loan.
But, he forgot to focus on the EMI amount. After sometimes, he was unable to repay the loan due to higher EMI. If you are a doctor and want to apply for a doctor loan to finance your dream, go ahead but calculate your EMI beforehand. Do not make the same mistakes. To know more, click:
Here’s Why You Should Calculate Doctor Loan EMI Beforehand!
Aman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management.