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In-Practice Personal Loans
As a doctor, you have invested a great deal of time and money into your education and career. At times, unexpected expenses or financial needs may arise that require additional funds beyond your current budget.
Personal loans can provide you with the funds you need to cover expenses such as debt consolidation, moving expenses, buying a new home, medical bills, getting married, home improvement, daily living expenses and much more.
| Loan Specifics | Standard |
|---|---|
| Loan Amounts | $5,000-$100,0005 |
| Loan Term | 5 years |
| Payment Details | Principal and Interest |
| Interest Rate Ranges | 8.74%-17.24%3 |
| APR Ranges | 9.61%-18.18%4 |
| ACH AutoPay Discount | 0.25% |
| Origination Fee | 2% |
In-Training Personal Loans
At Doc2Doc, we recognize doctors have unique and evolving circumstances while in training. That’s why we’ve designed our personal loan products to provide maximum flexibility.
Our Hybrid Loan option offers the most flexibility with lower payments during the first 2.5 years of the loan, consisting solely of interest. In the latter half of the loan, the payment increases and is comprised of principal and interest.
Our Standard Loan option offers equal monthly payments for the entire loan comprised of principal and interest.
Our loans come with the added benefit of no prepayment penalties, allowing for additional payments above the minimum due amount to be applied towards reducing the principal.
Personal loans can provide you with the funds you need to cover expenses such as debt consolidation, moving expenses, buying a new home, medical bills, getting married, home improvement, daily living expenses and much more.
| Loan Type | Hybrid Loan | Standard Loan* |
|---|---|---|
| Payment Details | First half of the loan: interest only. Second half of the loan: principal & interest |
Equal monthly payments comprised of principal & interest |
| Loan Amounts | $5,000-$25,0005 | $5,000-$25,0005 |
| Loan Term | 5 Years | 5 Years |
| Interest Rate Ranges | 8.74%-17.24%3 | 8.74%-17.24%3 |
| APR Ranges | 9.61%-18.18%4 | 9.61%-18.18%4 |
| ACH AutoPay Discount | 0.25% | 0.25% |
| Origination Fee | 2% | 2% |
*O-1 and H-1B Visa holders are only eligible for standard loans.
J-1 Visa Personal Loans
As a doctor, you have invested a great deal of time and money into your education and career. At times, unexpected expenses or financial needs may arise that require additional funds beyond your current budget.
Personal loans can provide you with the funds you need to cover expenses such as debt consolidation, moving expenses, buying a new home, medical bills, getting married, home improvement, daily living expenses, and much more.
We’ve extended our personal loan programs to J-1 visa holders. In-training doctors with 3 years of training or in-practice doctors with a J-1 visa waiver are eligible to apply for a personal loan.
| Loan Specifics | In Practice J1 | In Training J1 |
|---|---|---|
| Loan Amounts | $5,000-$30,0005 | $5,000-$15,0005 |
| Loan Terms | 3 years | 3 years |
| Repayment Type6 | Principal and Interest | Principal and Interest |
| ACH Discount | 0.25% | 0.25% |
| Origination Fee | 2% | 2% |
| Visa Status | J1 Work Waiver | J1 visa with 3 years left in training |
| Interest Rate Ranges | 10.74%-19.74%3 | 10.74%-19.74%3 |
| APR Ranges | 12.14%-21.22%4 | 12.14%-21.22%4 |
Bridge Loan: In-Training transitioning to In-Practice
At Doc2Doc, we recognize doctors have unique and evolving circumstances while in training. That’s why we’ve designed our personal loan products to provide maximum flexibility.
Our Bridge Loan offers a unique solution to support doctors who are nearing the completion of their training. The bridge loan is available to doctors who anticipate graduating in 6 months and have an executed employee contract for physician or dental services.
This loan offers a higher loan amount than our in-training personal loans. During the first six months of the loan, payments are lower consisting solely of interest. The remainder of the loan, the payment increases and is comprised of principal and interest.
Our loans come with the added benefit of no prepayment penalties, allowing for additional payments above the minimum due amount to be applied towards reducing the principal.
Personal loans can provide you with the funds you need to cover expenses such as debt consolidation, moving expenses, buying a new home, medical bills, getting married, home improvement, daily living expenses, and much more.
| Loan Specifics | Hybrid Bridge Loan |
|---|---|
| Loan Type | Hybrid Bridge Loan |
| Loan Amounts | $5,000-$50,0005 |
| Loan Term | 5 years |
| Payment Details | First 6 months of the loan: interest only. Remainder of the loan: principal & interest |
| Interest Rate Ranges | 8.74%-17.24%3 |
| APR Ranges | 9.61%-18.18%4 |
| ACH Autopay Discount | 0.25% |
| Originating Fee | 2% |
1 In-Training Only
2 Eligibility criteria list is not exhaustive and is subject to change without notice.
3 With autopay discount of .25%
4 Your actual rate will be within the range of rates listed above and will depend on the evaluation of your creditworthiness, verification of income, loan size and a variety of other factors. Lowest rates are reserved for the most creditworthy borrowers.
5 The minimum loan amount in MA is $7,000 and the minimum loan amount in NH is $11,000.
6 Minimum Monthly Payment applies to Standard Principal and Interest Loans and Hybrid Loans.
Rates, terms and product availability are subject to change
DISCLAIMER:
Doc2Doc Lending, Inc. is not responsible for the results, content or accuracy of the information on the calculator(s).
The calculators on this website are being provided for educational purposes only. The results of the calculations are not an approval, pre-approval, guarantee or promise of a customer’s eligibility or terms for a specific product or service.
The results obtained are estimates based on the information that you provide Doc2Doc and may not reflect actual results or rates achieved due to many factors, including current rates, your credit worthiness, income and more.
The calculations are hypothetical examples designed to give a prospective borrower an idea of what the rate, payment, etc. may be in the case they apply for and obtain a loan from Doc2Doc but in no way are the numbers reflective of what the actual rate, payment, etc. would be if approved. The only way to obtain a real rate, payment, etc. is to apply for and be approved for an actual loan by Doc2Doc.
