Physician Personal Loan
Financing up to $50,000
A Physician Personal Loan from Physician Bank is designed specifically for doctors and medical professionals with unique financial needs. Our loan programs offer flexible repayment options and tailored terms that align with your career path and financial goals. Whether you’re managing expenses during a transition or need access to funds before your income fully ramps up, we make it simple to get the support you need. Get started today.
Contract advance loan
The Contract Advance Loan (CAL) is a physician-specific loan designed to provide access to funds before your first paycheck using your signed employment contract. Built for physicians starting a new role, this loan helps cover the financial gap that occurs between signing your contract and receiving your first income. Key features include:
Loan up to $50,000, based in part on your employment contract.
Interest-only payments for the first 9 months.
Qualify using your signed contract.
This structure is designed to reduce financial pressure early in your transition, allowing you to relocate, get established, and start your new role with more flexibility.
common ways physicians use this loan
This financing1 is often used during key transition moments:
Relocating for a new position.
Covering housing deposits or temporary living costs.
Paying for licensing, credentialing, or exam fees.
Purchasing or transporting a vehicle.
Consolidating existing balances or managing cash flow.
1 All loans are subject to credit approval.
HOW THE PROCESS WORKS
Sign your employment contract
Your contract helps demonstrate your future income.
Complete a simple application
Work with a private banker to submit a quick application.
access your funds
Funds are deposited into your Physician Plus account so you can cover expenses and focus on your next step.
FREQUENTLY ASKED QUESTIONS
A financing option designed specifically for physicians to support major expenses and transitions in their careers.
A type of physician loan that allows you to access funds before you start your first contract using your signed employment contract, instead of your current income.
Yes. This solution is designed for physicians who have signed contracts but have not yet started.
Common uses include relocation, housing, licensing, transportation, and consolidating existing balances.
gET STARTED
Move forward with confidence and focus on your next step in your career.
PRIVATE BANKERS FOR PHYSICIANS
More Than Physician Personal Loans
Alongside physician personal loans, we have high-interest checking and savings accounts with competitive rates and low fees. You can also take advantage of our interest-bearing health savings account (HSA) to reduce your medical expenses. With our HSA, you can contribute pre-tax dollars and use them to pay for qualified medical expenses without any additional taxes. Start saving today!
Ready to achieve your financial goals? Choose from our selection of financial products – one or all – and start your journey towards success. Get in touch with us today and discover more about our offerings.
PHYSICIAN PLUS ACCOUNT
Give your paycheck a boost!
Get the best of both worlds – the convenience of Direct Deposit and an excellent rate of return.
JUMBO DEPOSIT ACCOUNT
Your savings, safe and secure.
Maximize your savings potential with our high-yield savings account, offering flexibility and full FDIC insurance for up to $7 million in deposits.
HEALTH SAVINGS ACCOUNT
Convenient health funds.
An interest-bearing account specially designed to help you save up for current and future qualified medical expenses. (Can be paired with a high-deductible health insurance plan to maximize savings.)
PHYSICIAN HOME LOANS
Your path to home ownership.
Get up to $2 million in mortgage financing with custom solutions crafted specifically for doctors.
Important Information
Procedures for Opening an Account Mandated by the USA PATRIOT ACT
To help the government fight the funding of terrorism and money laundering activities, the USA PATRIOT ACT, a Federal law, requires all financial institutions to obtain, and record information that identifies each person who opens an account.
What this means for you:
When you open an account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
