In-Practice Program

THE LENDING PLATFORM EXCLUSIVELY FOR PHYSICIANS AND DENTISTS

For physicians and dentists who have completed their training, we have implemented a waitlist due to a high volume of applications related to the Covid-19 pandemic.

The charts and descriptions below describe the range of loan options for interest rates, APR (annual percentage rate), number of payments, monthly payments, and total payments based on a hypothetical $10,000 loan amount. your own interest rate will depend on the term you choose, as well as your financial and professional profile.

Join our waitlist today!

Borrower Eligibility: US-based in-practice physicians and dentists with MD, DO, or DDS degree.

LOAN SPECIFICSPRINCIPAL & INTEREST
Interest Rate Ranges5.99% – 17.99%
APR Ranges6.83% – 18.94%
Repayment Terms5 and 10 Years*
Loan Amounts$5,000 – $50,000
Loan TypePersonal
Minimum Monthly Payment$75***
ACH Discount0.25%**
Type of RateFixed

Standard Loan: Principal + Interest

Traditional loans offer a fixed monthly payment for the entirety of the loan. Principal and Interest loan would have a fixed payment for each month of the term. A portion of each payment lowers the outstanding monthly balance.

Standard Loan: $9,800 + $200 Fee = $10,000 Total

TermOrigination FeeFixed Interest RateFixed APRNo. of PaymentsMonthly PaymentsTotal payments
5 Years$2005.99% – 17.99%6.83% – 18.94%60$193.28 – $253.88$11,596.89 – $15,232.79

* The charts and descriptions describe each loan type and depict the range of loan options for interest rates, APR (annual percentage rate), number of payments, monthly payments, and total payments based on a hypothetical $10,000 loan amount. Your own interest rate will depend on the term you choose, as well as your financial and professional profile.

**ACH discount is available only if you agree to make monthly principal and interest payments by automatic electronic payment. Use of autopay is not required to receive a Doc2Doc program loan from the Bank of Lake Mills.