Skip to content
SuperMoney logo
SuperMoney logo
Advertiser Disclosure

Best Personal Loans for Doctors

May 2024

Even doctors face unexpected expenses from time to time. If you're a doctor, dentist, or other medical professional looking for a personal loan, you can qualify for excellent rates and terms. Here is our list of the best personal loans for doctors.
Best Of List logo

SuperMoney may receive compensation from some or all of the companies featured, and the order of results are influenced by advertising bids, with exception for mortgage and home lending related products. Learn more

Doctors, dentists and other medical professionals are an ideal client-base for lenders. They have high incomes, work security, and (typically) excellent credit.
  • The average income of doctors is among the highest of all occupations. According to the Bureau of Labor Statistics reports that the median pay for a doctor was $208,000 a year (or $100 per hour).
  • They have high levels of education attainment, which is correlated with high credit scores
  • Their job outlook is also excellent. Employment growth for physicians and surgeons is expected to grow 7% faster than average.
So, it's not surprising that some lenders are willing to offer great rates and terms to medical professionals. Whether you are finishing your training or already practicing, a personal loan can provide flexibility to help manage your current expenses. The list below provides some of the best personal loans for physicians
Compare All Personal Loans


SuperMoney's list of the top-rated personal loans for doctors is based on the qualitative recommendations of our community members and the quantitative recommendations of our ranking algorithms. We analyzed more than 100 lenders and focused on lenders that provide the lowest interest rates and most-competitive fees.

What are personal loans for physicians?

"Personal loans for doctors," "personal loans for dentists," or "personal loans for optometrists," are marketing terms. These loans are no different from any other personal loan, with the exception that they usually have lower interest rates and better terms than the average personal loan. These loans are unsecured, which means they don't need to be backed by an asset, such as a home or a car. Personal loans for physicians can be used to help cover living expenses or relocation costs for doctors who are in residency or just starting in practice. They are also useful for consolidating high-interest debt.

Frequently Asked Questions

What are the best rates for personal loans for physicians?

It all depends on the physician. If you are a doctor with excellent credit and a high income, you can qualify for an APR as low as 6.99%. However, rates on our list of best personal loans for doctors go as high as 35.99%.

What are the terms for the best personal loans for doctors?

As with interest rates, the best terms are reserved for superprime borrowers with large incomes. The top-rated personal loans for doctors offer loan amounts of up to $50,000 and terms that range from 12 to 84 months. Some lenders may offer medical students and doctors in a residency or fellowship program interest-only payments for the first three to four years of the loan.
APR6.99% - 35.99%
Loan Amount600$ - 50000$
Loan Term (Months)12 - 84

What are the reasons doctors take out personal loans?

Although doctors do have high incomes, they also have to invest large amounts of money in tuition, living expenses during their training, and setting up their practices. These costs add up, and a personal loan can provide physicians with flexibility to manage their expenses.

Are there loans for doctors with bad credit?

Yes, there are personal loans for physicians with bad credit. They have higher interest rates and lower loan amounts, but they are still better than what the average borrower with bad credit can expect. A personal loan can help improve your credit score if you make regular and on-time payments. It is easy to forget a loan payment when you're a busy professional with many responsibilities. So, it is a good idea to set up automatic payments. Some lenders will provide a lower rate to borrowers with automatic payments.

How can doctors find the best personal loan available?

Although doctors are one of the favorite demographics for lenders, they still need to do their homework to get the best personal loan available.
  • Carefully read your credit report with all three credit reporting agencies (Experian, TransUnion, and Equifax).
  • Fix any errors or inaccuracies bringing down your credit score.
  • Apply for a personal loan with at least three of the best personal loans for doctors. The list above is an excellent place to start.
SuperMoney's personal loan offer engine allows you to receive prequalified offers from leading lenders without hurting your credit.

Table of Contents

    Get Competing Personal Loan Offers

    Compare real offers from multiple lenders.

    Get Personalized Rates