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Tag: Physicians Finishing Training

Toolkit for Doctors to Reduce Personal Expenses: A Strategic Approach

A person using a calculator and typing on a laptop

Author: Josh Lumbley, MD, MBA Managing personal finances is as essential for doctors as managing patient care. By adopting a structured approach, physicians can take control of their expenses and […]

Physician Contracts Demystified: Your Path to a Better Deal

Navigating the world of physician contracts is daunting. However, understanding the intricacies of contract negotiation is crucial for every doctor transitioning from training to practice. In this post, we share […]

What goes into a credit score? Why is a credit score important?

A silhouette of a person moves the dial on a semicircular gauge from "fair" towards the "good" section, with sections labeled from "bad" to "excellent" in increasing order.

You’ll often hear a lot about credit scores and how important they are to your financial future. But do you know what a credit score is, exactly, and what goes […]

Financial Resources for New Doctors: A Complete Guide to Managing Debt and Loans

Two healthcare professionals in blue scrubs examine an X-ray, with one pointing at a specific area on the film.

Congratulations! You’ve gone through years of grueling training, sleepless nights, and innumerable tests to finally become a doctor. As you begin this new chapter in your life, one issue that […]

Building Credit: Tips and Strategies for Doctors

A person in medical scrubs and a polka dot cap is sitting at a desk, using a laptop and a digital pen.

Your credit score plays a critical role in your overall financial life. It can influence your ability to get a loan, rent an apartment, start your own practice, or even […]

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Doc2Doc Lending products are made available by DR Bank, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. DR Bank may sell, assign, or transfer ownership of your loan to another party after the loan funds. The borrower will receive notification if and when any such sale, assignment, or transfer occurs.
Annual Percentage Rates (APRs) for Doc2Doc personal loans range from 9.99% to 25.99%, which does not reflect the benefits of a possible 0.25% interest rate discount for using automated ACH payments. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.00% to 2.00% of your loan amount, which will be deducted from any loan proceeds you receive. For example: a $35,000 loan with an origination fee of 2.00% and an interest rate of 14.99% has $700 in origination fees and 60 scheduled monthly payments of $832.46.

Doc2Doc personal loans can be pre-paid at any time without penalty and have a minimum term of 60 months and a maximum term of 84 months.

Loan amounts range from $5,000 to $100,000. The minimum loan amount for residents of Massachusetts is $7,000, and the minimum loan amount for residents of New Hampshire is $11,000. Doc2Doc personal loans are not currently available if you live in Maine, West Virginia, or Connecticut.

*When you check your rate for a Doc2Doc personal loan, we check your credit report. This initial (soft) inquiry will not affect your credit score. If you accept and sign your final credit agreement, we will request your full credit report, which is considered a hard credit check and may affect your credit score. If you take out a loan, repayment information may be reported to the credit bureaus.

^This is not a guaranteed offer of credit and is subject to credit approval. The term, amount and APR of any loan we may offer to you will depend on your credit score, credit history, verified income, and other factors. The lowest rates are only available to the most qualified applicants

+Subject to the terms and conditions of your credit agreement.
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