Is the doctor loan EMI fixed or variable?

Doctor loans offer a valuable financing option for medical professionals looking to set up or expand their clinical practice.

These loans typically have fixed interest rates, meaning the EMI amount will remain the same throughout the tenure of the loan. This provides stability and predictability in repayment for doctors. However, some financial institutions may offer variable EMIs depending on their policies and your credit profile.

The interest rate is locked in at the time of taking the loan and does not fluctuate based on market conditions. Even if interest rates rise generally, the EMI on a doctor loan with a fixed rate will remain unchanged. Having a fixed EMI allows doctors to better plan their finances and repayment ability. If you would like to know the interest payable and the EMI, you may use an online doctor loan EMI calculator.