The criteria for borrowing a loan with Dollar Hand includes that you must:
How To Apply For A Loan For Doctors With Dollar Hand
Step 1 - Enquire Online Today
Apply via our easy to complete online application form. You will be asked a few quick questions such as your name, address, date of birth, the amount you’d like to borrow and how long for.
Step 2 - Receive A Loan Offer
We will match your loan request with the lender most suited to your borrowing requirements. An immediate loan offer will appear on the screen which you can choose if you would like to go ahead with.
Step 3 - Funds Transferred To You
If your loan application is approved, the money will be in the palm of your hands! The total loan amount will be transferred to your bank account within seconds, minutes or 24 hours.
What Are Loans For Doctors?
Loans for physicians or doctors involves borrowing money to help stay financially afloat between paychecks. They are typically used if a doctor needs to pay for an unexpected cost or urgent expense that they have not accounted for. With the average student loan debt for medical doctors being particularly high, it is not surprising that some doctors may be short on savings and need a quick influx of cash to pay for important bills.
Is A Doctor Loan A Good Idea?
Whether or not getting physician loans is a good idea largely on the doctors personal circumstances. A loan can be viable for those looking for temporary financial relief if they can comfortably afford the repayments. However, a loan should not be taken out to pay for other debts as this could lead to a cycle of debt if handled poorly, especially when the average student loan debt for a doctor can be high.
What Can Loans For Medical Doctors Be Used For?
- Urgent costs
- Important bills
- Emergency expenses
- Rent payments
- Utility bills
- Car fixes
- Home repairs
- Dental fees
Who Qualifies For A Doctor Loan? Am I Eligible?
- Be a US citizen
- Be over 18 years old
- Earn a regular income of at least $800 each month
- Have a live checking account
- Be able to make repayments on time
Can I Get A Loan For Doctors Near Me?
We offer many locations in the US for borrowing money. Areas include:
What Are The Best Loan Repayment Plans For Doctors?
At Dollar Hand, loan repayment for doctors can range from 2 weeks to 60 weeks long depending on how much money you borrow. Automatic payments will be withdrawn from your checking account each month on a date that will be agreed upon in your loan contract. If you wish to stop a payday lender from taking automatic payments from your bank account, then you should get in touch with them immediately to find out if this will be possible.
Are There Personal Loans For Doctors?
Yes, you can get a personal loan for medical doctors with Dollar Hand. Simply complete our online application form in less than 5 minutes to receive an instant offer. We work with over 50 reputable lending partners across the United States so that we can match your requirements to the lender who can offer you the best personal loans for doctors.
Can You Get Loans For Doctors With Bad Credit?
Yes, loans for doctors with bad credit are available. Our lenders are willing to help applicants with a variety of financial histories and can focus on other key factors such as whether you earn a regular income and have a live checking account for the funds to be deposited into. Or they may offer you alternative options such as a secured loan.
Frequently Asked Questions About Loans For Medical Professionals
Is Dollar Hand A Direct Lender?
No, Dollar Hand is a broker. We act as an introducer and connect our customers with the best lenders across the US. This allows us to source competitive rates that meet your borrowing requirements.
What Are Alternative Options?
Alternatives to loans for doctors include requesting an authorized overdraft from your bank, credit unions and borrowing money from family or friends. You could also look into a low interest credit card or find ways to boost your savings through activities such as garage sales or selling unwanted items you no longer need on online platforms such as eBay.
How Quickly Can I Borrow Money?
At Dollar Hand, we pride ourselves in helping applicants to borrow money quickly. If approved, the money you need can be sent to your bank account within 1 hour, 24 hours or by the next working day. To speed up the process, make sure that you are easily contactable by phone or email incase the lender wants to get in touch with any further questions.
Are There Doctor Loans For Pharmacists?
Yes, as long as you meet the eligibility critiera then we can help you get a loan today. This includes being a US citizen, over 18 years old, earning a regular income in a stable job and having a live checking account for the funds to be sent to.
Can I Get A Doctor Loan If I Am Self Employed?
If you earn at least $800 per month and can show proof of income, then you should be able to get a doctor loan if you are self employed. Read our guide titled ‘Can I Get a Loan If I Am Self Employed?’ for further information.
How Much Money Can I Borrow?
At Dollar Hand, we offer loans ranging from $100 to $35,000, with the total amount paid into your bank account in one lump sum. However, maximum loan amounts will vary depending on which state you live in and it is essential to only borrow an amount that you will be able to repay back on time.