Loan Details
Types of Loans
Standard Loan: Principal + Interest
A Standard Principal and Interest loan would have a fixed payment for each month of the term. A portion of each payment lowers the outstanding principal balance.
Hybrid Loan: Interest Only and Principal + Interest (In-Training Only)
First half of loan term will be low interest-only payments; the second half will be principal and interest. These loans have a much lower monthly payment during the interest-only portion and can be easier to manage upfront on a tight budget.
In-Practice Program
Borrower Eligibility*:
- U.S.-based in-practice physicians and dentists with MD, DO, or DDS degree.
- Must be a U.S Citizen, a permanent resident, or hold a valid O1 or H1B visa.
- Must reside in the District of Columbia or one of the 48 states we lend in (all but Iowa and West Virginia).
| Loan Specifics | Standard |
|---|---|
| Interest Rate Ranges | 5.99% - 14.99% |
| APR Ranges | 6.83% - 15.91% |
| Repayment Terms | 5 years |
| Loan Amounts | $5,000 - $100,000** |
| Loan Type | Personal |
| Origination Fee | 2% |
| Minimum Monthly Payment | $75*** |
| ACH Discount | 0.25% |
| Type of Rate | Fixed |
In-Training Program
Borrower Eligibility*:
- U.S.-based in-training (resident/fellow) physicians and dentists with MD, DO, or DDS degree.
- 4th year U.S. medical and dental students who have successfully matched into a residency program.
- Must be a U.S Citizen, a permanent resident, or hold a valid O1 or H1B visa.
- Must reside in the District of Columbia or one of the 48 states we lend in (all but Iowa and West Virginia).
| Loan Specifics | Standard/Hybrid |
|---|---|
| Interest Rate Ranges | 5.99% – 14.99% |
| APR Ranges | 6.83% – 15.91% |
| Repayment Terms | 5 Years |
| Loan Amounts | $5,000 - $25,000 |
| Loan Type | Personal |
| Origination Fee | 2% |
| Minimum Monthly Payment | $75*** |
| ACH Discount | 0.25% |
| Type of Rate | Fixed |
O1 and H1B visa holders are eligible for Standard repayment only.
J-1 Visa Program
Borrower Eligibility*:
- Must hold a valid J-1 Visa.
- In-practice physicians and dentists with MD, DO, or DDS degree. Must have a valid J-1 Visa Waiver.
- In-training physicians and dentists with MD, DO, or DDS degree. Must have at least 3 years left in training.
- Must reside in the District of Columbia or one of the 48 states we lend in (all but Iowa and West Virginia).
| Loan Specifics | Principal |
|---|---|
| Interest Rate Ranges | 9.99 – 17.99% |
| APR Ranges | 10.87 – 18.94% |
| Repayment Terms | 3 years |
| Loan Amounts | In-Practice: $5,000-$30,000** In-Training: $5,000-$15,000** |
| Loan Type | Personal |
| Origination Fee | 2% |
| Minimum Monthly Payment | $75*** |
| ACH Discount | 0.25% |
| Type of Rate | Fixed |
* Eligibility criteria list is not exhaustive and is subject to change without notice.
** The minimum loan amount in MA is $7000 and the minimum loan amount in NH is $11000.
*** Minimum Monthly Payment applies to Standard Principal and Interest Loans and Hybrid Loans.
Rates, terms and product availability are subject to change.