What Are The Advantages of Loans for Doctors?

Financing is what every practising professional needs to realise the dream. Doctors, similar to other professionals face many challenges when it comes to obtaining loans. 

A financial institution might assist you with the loan application; as a doctor, you will be a valuable contributor to them. However, as a doctor, it is important that you consider all the hidden aspects of the term of the existing loan products. 

You should not compromise on anything and determine the best terms and services. You should be aware of what are you submitting as a collateral and is there any need for collateral when it comes to Loans for Doctors. 

Apart from that, you must also focus on how realistic is the repayment schedule? What are the flexible options that are being offered?




These are just a few of the many things that you need to consider to understand what the advantages of loans are for doctors. As a professional, you must know about all these advantages, so to select the right lender as per your need: 

1. High Loan Amount: When you opt for a doctor loan, the amount offered is of great importance. Do not settle for anything less than what you had planned for. Also, Non-Banking Financial Companies (NBFCs) offer higher loan amount as compared to other lenders. 
2. Attractive rate of interest: When it comes to repayment of doctor loans, interest rates are a pivotal factor. Thus, select the interest rate which is the most favourable one for you when it comes to repayment. 
3. Customised repayment options: Most of the lenders are rigid with their repayment facilities. However, NBFCs such as Bajaj Finserv provide flexible repayment options which make the process of repayment a lot easier. 
4. Flexible Tenor Options: Every practitioner has a different financial capability. Financial standing goes a great way in determining the repayment capacity. Financial institutions are competing with each other by providing the best tenor options to doctors. Select the tenor option wisely. 
5. No Collaterals: The first question that would come to a doctor’s mind when we talk about the loan is “Will I have to submit a Collateral?” Well, there are financial institutions which might ask you to submit collateral for the same. However, NBFCs and few well-known banks do not require you to do the same. 
6. The line of Credit: Line of Credit is an added facility provided by Bajaj Finserv which makes the process of loan borrowing beneficial. A line of credit is helpful when you are short of funds, and you do not have enough money to fulfil your necessities. 
7. Quick Approval: Talking about specific advantage, NBFC such as Bajaj Finserv provides you approval within a matter of a day. You just need to apply for Doctor Loan online. 
8. Disbursal: It is not just the approval that is impressive but the disbursal as well. Soon after your loan application gets accepted, the loan amount will be transferred to your bank account within 48 hours. 
9. Online Account Management: Long gone are those days where you had to manage your loans painstakingly by visiting the lender in person. With financial institutions’ user-friendly app, you can simply manage your loan process within few simple clicks. 

Loans for Doctors

So aforementioned were the benefits of doctor loan. Let us talk about how doctors can utilise the loan amount:

They can use it:

• To set up a clinic
• To purchase an equipment 
• To set up an operation theatre
• To modernise the premises
• To expand their scale of operation

Every usage mentioned above requires a lot of planning and effort. For a practitioner looking to set up his/her clinic, financial support and advice are essential. NBFC such as Bajaj Finserv can help you immensely in making your dreams come true with its attractive loan for doctors.

5 Factors That Affect How Much You Pay for Dental Work

In today’s world, having a beautiful and healthy smile is a crucial factor and this explains why so many people are opting to undergo cosmetic surgery procedures. If you are considering cosmetic dentistry then you will be worried about the cost of the procedures given the prevailing harsh economic times. 

However, you should not worry much as there are so many payment options and reasonably priced packages to choose from. In order to get the best rates, you should consider the various factors that influence the costs you have to shoulder for various dental procedures. 

Here are five factors that affect how much you pay for dental work.

Dental Insurance

Dental insurance cover affects the overall cost of the services you get from your preferred dentists. If you have taken an insurance cover, you will most likely pay a slightly lower amount than people who do not have it. 

If you are looking to undergo any dental procedure, it is advisable to first seek a medical cover as it will reduce the amount of money you will spend in the end.

Complexity of the Procedure

One huge factor that affects the total amount of money you spend on your dental procedure is usually the type of treatment you choose. 

If the procedure involved in the treatment method of your choice is limited, then you will pay a lower price. However, if the treatment method you opt for involves some extensive procedures then the price you pay will quickly increase. 

The procedure you have to undergo will depend on how crowded or crooked your teeth are as well as the brace type needed to realign them; for example, whether you get Invisalign in Channahon, IL or regular braces.

Type of Dentist

Cost varies with the type of dentist you have to visit for your condition. Different dentists charge various rates depending on their specialty, location and whether they operate from a public facility or private clinic. 

Dentists who run their own private clinics have invested in specialized equipment and have to pay their staff hence charge slightly higher than their colleagues operating in public facilities. Specialized dentists will also charge higher due to their high skills and expertise in treating certain dental issues.

Fabrication Costs

A number of dental work like bridges, crowns, dentures, veneers and many more require some fabrication, which results in added costs. If you are set to undergo any of these procedures, you must factor in the laboratory charges that will be charged by the dentist when estimating the total cost of treatment. 

There are some dentists who will charge the laboratory costs separately while others include them in the total figure. You should therefore consider these charges when budgeting for the dental procedure.

Type of Teeth Requiring Treatment

Your type of tooth that requires treatment plays a significant role in determining the final cost of the procedure. Different types of teeth attract diverse rates when they are being worked on by dentists. 

For instance wisdom teeth removal or treatment costs a lot than other types. Wisdom teeth require specialists and you might find your dentist referring you to another who has specialized in dealing with them. This will attract extra charges due to the amount of work and procedures required to correct or remove your wisdom teeth.

Final Thoughts

Dental procedures are diverse and hence attract different charges depending on the location you are based in and the specific treatment you require. The more complicated the dental procedures you require done on your teeth, the higher the cost you will be required to pay in the end. 

You can be able to make an estimate of the total cost you will be required to pay your dentist by considering all the factors listed above.

Answered: Your Most Burning Questions About is Gold a Good Long Term Investment

Taking care of your monetary issues can be a big deal and, often enough, you will find that there are a lot of methods that you may want to consider as you’re getting all of this worked out. 

How can you know that the investments that you’re working with actually make sense? Are there ways to know that you can find the things that work out the best in regards to your investments? 

Gold is one of the things that you may want to look at in terms of all of this.

What Makes Gold Special?

The first question is, what even makes gold special in the first place? Is it something that is actually going to matter in the long run? Or are you better off with something else that’s less stereotypical? 



Gold is actually popular because of its rarity and the value that is being ascribed to it. Gold isn’t something that you find very often, so it really isn’t surprising that people end up using a lot of gold as a vehicle for investing their money.

Is Gold Worth the Investment?

So, of course, this brings us to the second question: is gold a good long term investment? Absolutely! The thing is, gold is something that is going to maintain its value for the long haul. 

Even if something happens and the stock market decides to crash tomorrow, gold is going to keep whatever value that it has. It rarely, if ever, goes down. If the stock market is not doing well, gold is just going to maintain whatever value it had and then go up with scarcity and demand and the like. 

If you’re concerned about the way that the economy is going, or you want something that is steady, gold is the way to go.

How to Invest in Gold

Lastly, let’s take a look at how you could go ahead and invest in gold in the first place. There are several ways that you can go ahead and invest in gold: bullion, bars, and gold stocks. 

In all of those cases, you will find that it’s especially important to understand what you’re investing in and how much you put into it. Like with everything else, you don’t want to invest in only one thing. 

Instead, you want to be sure that you’re spreading out your investments so that you can get the best return with the most security possible.

Take a look into your investments with a professional so that you can get the best idea as to what it is that you need to be able to accomplish. 

As you work that out and figure out how you want to work ahead of everything, you’re going to feel much more prepared in regards to what it is that you want to be able to do in the long haul. Why not see what you can find and then, when all is said and done, see how your investments grow as well.

How To Trade With Ameritrade

A trading platform is software that day traders and other investors use to trade stocks and securities. Traders can use it to open market positions in a particular security and manage that market position as the price goes up or down. 

There are tons of competing software platforms out there, with Ameritrade being one of the better ones out on the World Wide Web.

Ameritrade is very popular with institutional investors, but it is not quite as fast or customizable as the typical day trader might like. 

Lots of platforms out on the market include market analysis tools and research capabilities, but sometimes the quality of those tools are irrelevant to day traders if the trades are not executed fast enough.

Ameritrade’s Thinkorswim Platform

Ameritrade’s Thinkorswim platform does offer quality market analysis features that allow traders to try to anticipate what is happening and what a trade might do. 

Those features are useful for risk modeling and learning as much as you can about a potential trade. And the Thinkorswim platform has made strides recently in order to add more hotkeys and make trading quicker and easier for day traders. 

And Thinkorswim has made it simpler for traders to customize their platform and share that with other traders. Another Ameritrade feature is a day trading community that shares watch lists and tips for trading stocks.

Paper Trading Situations

No matter what platform you use when you are out in the real market, it makes sense for aspiring day traders to practice in paper trading situations. Paper trading is a way for learning traders to work in a simulated environment that allows them to trade virtual currency and not make a real mistake with real money. 

The benefits of getting screen time and understanding risk management when you are trading fake money are valuable.

Ameritrade’s Thinkorswim platform offers a similar feature that allows you to game out one trade at a time, with is very helpful for real-time risk analysis. 

But when day traders are fresh out of classes and just learning to implement strategies, the potential for mistakes is high. Which is why you want to test out your skills on paper trading software for at least a month at first.

Risk Management

Risk management is such an important part of being a day trader. You have to have a plan for each and every trade when you go into the day. 

There is no winging it. When you go into a trade without a plan or you abandon the plan the chances of the trade losing money are huge. And losing money is not the name of the game.

When you day trade, whether is on Ameritrade or on another platform, you are always searching for home runs, but ready and willing to eke out singles and doubles. 

Small wins, made consistently, are the way to get financially independent when you are day trading. Ameritrade can help you with the research and the risk analysis, but the trades are all up to you.

How Beneficial Are Revised Fixed Deposit Rates?

Fixed deposits are one of the safest forms of investment. There are various reasons why an individual decides to opt for fixed deposits, but the primary reason is to safeguard the investment and earn considerable interest over a period of time. In the past few years, fixed deposit rates have come down as the government is more focused towards providing affordable home loans. Recently, many investors have turned reluctant when it comes to investing in a fixed deposit.

It is important to know that even in such a scenario, there are several Non-Banking Financial Companies (NBFCs) which are providing better interest rates than other lenders. Fixed deposit interest rates are slightly moving towards the positive side with the recent introductions. Few financial institutions have started to come out and help investors achieve a higher rate of interest.

This has led to an increased trust among the investors when it comes to FDs. Much to their contentment, people looking forward to investing in a FD can now go ahead with the same as the interest rates have been revised. The majority of banks and Non-Banking Financial Companies (NBFCs) have revised their rate of interest.

Various lenders have cut the interest rates in a short-term FD, whereas, for a longer tenure the interest rates have been increased. Several lenders brought FD interest rates down by 25-50 basis points for a small tenure FD, where the interest rate has been brought down to 6.9% from 7% for a one-year tenure. 



On the contrary, when we talk about fixed deposits for a period ranging from 3-5 years, the fixed deposit interest rates have increased from 6.5%-6.75%. Several lenders increased the interest rates by 25 basis points. For example, for a fixed deposit, for a period more than a year, the interest rates have witnessed an increase.

How has a revision in a fixed-deposit occurred?

High liquidity: Due to a high liquidity being experienced in the short-term buckets, interest rates have been raised for a long-term investment. Many financial experts believe that the interest rates will remain soft until the liquidity goes away, and as of now, liquidity remains sticky.

How does it benefit you?

The rate of interest has experienced a change in recent years. All the major financial institutions have brought about a considerable change in the rate of interest. The tilt has turned in favour of the investors. But, it is essential that you check the rate of interest in detail before you invest for a particular tenure.

How can you make the most out of it?

Consider the maturity baskets. Now since the change has been introduced after so long, investors have started to see a ray of hope in this segment. Thus, lay emphasis on the maturity baskets and make the most out of it by selecting the best rate of interest options.

Apart from already established financial institutions, you can look forward to the most buzzing ones in the market as they are the first ones to offer you a better rate of interest. Mostly, the NBFCs, just keep an eye on them. Apart from long-term investments, you can also choose to invest in ultra-short term funds. At the end of it all, it is the interest rate that matters, therefore, various online tools help you to evaluate the returns before you even approach any financial institution.

6 Tips to Help You Find the Right Financial Planner

Managing personal finances is sometimes difficult. People take the help of financial consultants when they couldn't manage it themselves. We call the consultants financial planners, and sometimes, financial advisors.

The two terms are not synonymous, though. Financial advisory is an umbrella term, which includes financial planning. A financial advisor helps people invest in the stock market, acts as a broker to settle a deal, delivers tips for a lawsuit, etc.

A financial planner, on the other hand, only helps individuals and organizations in taking care of their finances. You can see the basics of financial planning here.

Ask for certifications

According to Financial Industry Regulatory Authority (FINRA), anyone can call himself a financial planner. What it means is a complete charlatan might pretend to be a financial expert, and you may end up visiting him for financial advice.

Nevertheless, if someone wants to introduce himself as a financial advisor, then he’d have to obtain some certification. The National Association of Personal Financial Advisors or NAPFA keeps a registry of financial advisors. As far as its claim goes, there are over 100 certifications, any of which a financial advisor could obtain. 




Hence, if you ever visit a financial advisor, ask him to produce his credentials. He should be having certifications proving his sanguinity. If he couldn't produce them or give flimsy excuses, look for another one.

Fee structure

Select a planner, who asks for a flat rate fee. Planners, who prefer a commission based fee, may not work in an unbiased manner for their clients, as they are paid only when a product is sold. Because of this, they might prioritize the sale of the product, and not client’s interest.

Those, who ask for an hourly rate fee are like attorneys. They are extremely professional because the money they charge is not for the advice delivered, but for the time taken. Some lawyers accept an annual fee, which might be as high as 1-2% of your total assets.

Some financial planners limit their services to people, who are quite rich. More often than not, such planners offer investment related advice and secure a percentage in the return. 

They don’t accept clients, who don’t have enough money to invest. The minimum cap for qualification is $250000. If you are not opting for a large-scale investment, don’t go to them.

The planner’s credentials

In technical terms, it is called fiduciary. If a planner has fiduciary, that means he has pledged to serve the best interests of his client irrespective of situations. If a planner is not a fiduciary, then you have reason to doubt his authenticity. Investment professionals without fiduciary are presumed to lack the sustainability standard.

Simply put, they might offer you advice, which are attractive from a shallow angle, but not so in the long run. Ask the planner upfront whether he’s a fiduciary, don’t hesitate. 

Another thing to ask is whether he’s ever been put under an investigation carried out by any investment regulatory council. Such investigations are conducted only when a person is accused of serious charges.

Promotion through predictions

A financial planner working independently is always on the lookout for new clients. Someone visiting his office is a prospective lead, who might turn into a sale. To impress him, the planner might make predictions, which he couldn’t back with evidence.

The predictions made by such planners are mostly on the stock market. If your planner tells you to invest in a stock because he believes he’ll show a market-beating performance, leave his office, and start looking for another planner. 

That’s because the stock market is highly volatile, and nobody could correctly predict what’s going to happen.

Area of specialization

Not every planner can help you. Check the planner’s area of expertise. Some planners work in specific areas, such insurance or socially responsible investments. 

If you want solutions related to IRA conversion, and if a planner has reputation in areas such as stock market investment, then there’s no point going to him.

Sometimes, planners focus on clients on the basis of age. A planner, who is more than 60 years of age and has his own business might focus on people who are on the verge of retiring or business people themselves.

Technicalities aside

Financial planners often use technical jargons, the meaning of which is hard for a naive people to comprehend. If a planner uses any ambiguous term, ask him to elucidate its meaning. Make sure you know the meaning of every word, coming out of his mouth.

Follow the tips

And it’ll be incredibly easy for you to find the right financial planner, who’ll provide you with all the help you want.

What do you think of the tips shared here? Do you have any tip of your own? Share with us by posting a comment.

James Paul is the blogger at Basic Finance Care that covers best tips on budget management, frugal living, money saving, credit score improvement and more. He is also a contributing writer at Finance Guest Post - a community for personal finance blogger.