Physician Funding FAQs
What is physician funding?
Physician funding is a personal loan program designed specifically for residents, fellows, and practicing physicians who need flexible capital during career transitions.
Who qualifies for physician funding?
Eligible applicants include residents, fellows, physicians finishing training, and physicians currently in practice, subject to credit approval and verification.
How much can residents borrow?
Residents and matched fourth-year medical students can qualify for funding up to $25,000, subject to underwriting approval.
How much can fellows borrow?
Fellows can qualify for funding up to $50,000 based on credit profile and income verification.
How much can a physician in practice borrow?
Physicians in practice can qualify for funding up to $100,000, subject to approval and underwriting guidelines.
Can physicians get funding before their attending salary begins?
Physicians finishing training may qualify based on a signed employment contract and verified start date, even before full attending income begins.
How fast can physician funding be disbursed?
Funds are typically disbursed within approximately 7 business days after required documents are submitted and verified.
Does checking eligibility impact my credit score?
Initial eligibility uses a soft credit inquiry, which does not impact your credit score. A hard inquiry occurs only if final loan terms are accepted.
What are the repayment terms?
Most funding options carry a 5-year term. Training-stage options may include interest-only periods before full principal and interest payments begin.
Is a co-signer required?
Physician funding is underwritten based on the applicant’s profile and does not require a co-signer.
What can physician funding be used for?
Common uses include relocation expenses, transition gaps between jobs, consolidation of higher-interest debt, practice-related costs, and major personal expenses.
Are there origination fees?
An origination fee, typically ranging from 0–2%, may apply and is deducted from loan proceeds.