ICICI Bank launches a complete banking solution for doctors


Mumbai: ICICI Bank today announced the launch of the country’s most comprehensive banking solutions for physicians. Called “Salute Doctors,” it provides personalized banking services as well as value-added services for every physician, from medical student to senior medical consultant to hospital or clinic owner.

Mr. Pranav Mishra, Head-Liabilities, ICICI Bank said: “Today, on National Physicians Day, we launched the“ Salute Doctors ”banking solutions to express our gratitude and salute our rescuers for their service and their sacrifice. This proposal is an extension of ‘ICICI STACK’ which we launched a year ago to offer all banking services digitally from a single platform. We have done extensive research on physicians at different stages of their careers – from medical students, senior physicians, and hospital / clinic owners – to understand their banking needs.

The main offers of “Salute Doctors” are:

Salute Doctors Savings Account: This premium savings account is available in three variations: Wealth, Platinum and Gold.

Salute Doctors current account: Doctors are offered a premium checking account in three variants: Platinum, Gold and Silver. They can apply online through the Bank’s website or the InstaBIZ app.

Real estate loans: Doctors, including those who are not existing clients of the Bank, can receive a loan up to ₹5 crore for the range of mortgages such as home loan, home loan balance transfer, home loan, and loan to buy, build or expand a clinic or hospital.

Loan of medical equipment: This is available to all physicians, whether they are Bank clients or not. They can benefit from the loan of medical equipment up to ₹10 crore to buy new and refurbished medical equipment. They can send an HCF SMS to 567677 to benefit from this functionality.

Commercial loan: Doctors Get Business Loan Up To ₹40 lakh unsecured for their working capital needs or other business related expenses like refurbishment of clinic / hospital and purchase of medical equipment. The Bank’s pre-approved clients get instant disbursement of the loan amount.

Personal loan: The Bank offers digital personal loans up to ₹25 lakh with simple online documentation and fast processing.

Education loan: The Bank offers industry-leading medical training loans, ₹1 crore called ‘Doctor Select iSMART Education Loan’. Doctors can avail this loan for themselves or for their children’s education in medical schools in India or abroad.

Automatic loan: The Bank offers auto loans up to ₹50 lakh for doctors. The Bank has organized a special repayment program called “Flexi EMI”, which offers clients the option of selecting a low EMI for the first six months; thereafter, the EMI is higher.

Online clinic configuration: The Bank has partnered with an expert digital concierge company to help physicians create an online profile of their clinic or hospital.

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