Loans for doctors or physicians form a part of special programs that offer a variety of advantages and benefits to physicians only.
The aim of these programs is to help those who have worked hard and spent a good amount of money on attaining education to become doctors and physicians and offer their services to the society. You can also search online to find out about Physician mortgage loan programs.
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Considering that most professionals begin their careers with the repayment of student loans as their main obligation, loans for doctors can be a fantastic option for them to finance houses and cars in addition to paying off their payments owed.
Loans for doctors are primarily available to Optometry, Ophthalmology, Podiatric Medicine, Osteopathy, Dental Science Doctors, and dental practitioners. Some programs that offer loans for doctors include medical students and residents in their programs too.
The benefits and offers you can get will depend upon the lender and the state. Most of the options offered to doctors are usually for their homes and mortgages. Physicians and doctors can get loans up to $750,000 with relative ease, that too on 100 percent financing.
Since most of the established physicians earn around $45,000 per year, the waived loan insurance and low EMI make it much easier for them to bear the payments while repaying their student loans.