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Dental and Physician Personal Loans

Customized personal loans for medical professionals.

Borrow up to $80,000 with a fixed interest rate.1

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Fund the Unexpected

Even doctors and dentists have unplanned expenses.

With flexible terms, Laurel Road offers personal loans that fit your needs. Get rates in as little as five minutes.

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Here's what you get

Online Application

Complete the entire process online from home.

Fixed Rates

Fixed APRs in 3, 5 or 7 year terms

Borrow up to $80,0001

If you're in practice or within 12 months of completing training and you have a signed contract to practice, you can borrow from us.

Autopay Discount2

Eligible for discount of 0.25% when monthly payments are made automatically from a bank account.

Calculate Your Payments

Please input an amount no greater than our maximum loan amount of $

Your estimated monthly payment

$167–$220

With a fixed APR of 3.75%–5.90%

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The calculated payments are only an estimate. Your actual payments will depend on the actual amount for which you are approved. Eligibility and rates offered will depend on your credit profile and other factors. Rates in the above table include a 0.25% discount for making automated payments from a bank account.

Term
3 year
5 year
7 year
Fixed APR
6.50%—20.75%
7.50%—22.50%
8.50%—24.25%
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Eligibility and rates offered will depend on your credit profile and other factors. Rates in the above table include a 0.25% discount for making automated payments from a bank account. View Payment Examples below.

Learn About Personal Loans

Understand the ins and outs of personal lending.

Frequently Asked Questions

Questions come up, and we have answers.

  • Does Laurel Road refinance student loans for medical or dental residents?

    Yes, Laurel Road refinances student debt for doctors (MD or DO) and dentists (DDS or DMD) while they are in residency and before they begin practicing as attending physicians. Residents can defer making full payments on their loan up to 6 months after their residency and fellowships. Total loan term including residency, fellowship and grace period must not exceed 20 years. The deferment period for residency, fellowship, and grace period must be approved and disclosed at the time of application – you will not be able to extend the term of the loan after it is disbursed. If fellowship is determined after your loan is closed, you may be able to refinance with Laurel Road to take advantage of reduced payments during fellowship.

  • When is the right time to refinance?

    It’s easy to check if you are eligible for a lower rate. Find the loan that is right for you on our homepage and within a few minutes, we will be able to give you a rate you are eligible for. If this rate is lower than what you are currently paying, you should consider refinancing immediately. The sooner you refinance to a lower rate, the sooner you start saving.

  • Is there a minimum or maximum amount that I can borrower with a Laurel Road Personal Loan?

    The minimum loan amount is $5,000. For auto purchases, business ventures, green loans, moving expenses, and miscellaneous purposes, the maximum loan size is $35,000. For debt consolidation, major purchases, and home improvements, the maximum loan amount is $45,000. Additional documentation may be required to be eligible for a loan in excess of $35,000.

    If you are a physician or dentist in practice or within 12 months of completing training with a signed contract to practice, the maximum loan amount is $80,000. If you are a physician or dentist still in training without a contract to practice, the maximum loan amount is based on your training year as follows: Match Letter or PG1 is $30,000, PG2 is $35,000, PG3 is $40,000, PG4+ or Fellow is $45,000.

  • Who is eligible for a Laurel Road Personal Loan?

    All U.S. Citizens or permanent residents with a valid I-551 card (which must show a minimum of 10 years between “Resident Since” date and “Card Expires” date) are eligible to apply for a Laurel Road Personal Loan. Loan eligibility also depends on your credit history and financial profile. If eligible, Laurel Road will perform a soft credit pull to provide you with conditional rates, so you can check your eligibility with no impact to your credit score.

     

  • Do you offer electronic funds transfer (EFT) discount on personal loans? If so, how is it applied?

    We offer a .25% rate discount for use of EFT. To qualify for the EFT discount, monthly payments must be paid automatically from a bank account.

  • Does Laurel Road offer a discount for setting up automatic payments?

    Yes. If you set up automatic loan payments from a bank account via electronic fund transfer (EFT), Laurel Road will lower your interest rate by 0.25%. That lower interest rate will continue as long as you make payments via EFT. Rates advertised on this site include the 0.25% EFT discount.

Read Our Blog

Quick tips for getting a personal loan.

Disclaimers

  1. If you a practicing Doctor [Doctor of Medicine (MD) or Doctor of Osteopathic Medicine (DO)] or Dentist [Doctor of Medicine in Dentistry or Doctor of Dental Medicine (DMD) or Doctor of Dental Surgery (DDS)] or if you are a resident, with one of the aforementioned degrees and a contract to practice starting within 12 months, you may borrow up to $80,000.

  2. Automatic Payment (“AutoPay”) Discount: if the borrower chooses to make monthly payments automatically from a bank account, the interest rate will decrease by 0.25% and will increase back if the borrower stops making (or we stop accepting) monthly payments automatically from the borrower’s bank account. The discount will be reflected in your monthly payment.

Payment Examples

Fixed Rate Loans
Term Interest Rate APR No. of Payments Monthly Payment Total Payments
3 Year 6.75% – 21.0% 6.75% – 21.0% 36 $308 - $377 $11,075 - $13,563
5 Year 7.75% - 22.75% 7.75% - 22.75% 60 $202 - $280 $12,094 - $16,828
7 Year 8.75% - 24.5% 8.75% - 24.5% 84 $159 - $250 $13,408 - $20,994

 

Assumptions: Repayment examples above assume a loan amount of $10,000 with repayment beginning immediately following disbursement. Repayment examples do not include the 0.25% AutoPay Discount.

Annual Percentage Rate (“APR”): This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.

Interest Rate: A simple annual rate that is applied to an unpaid balance.

KEYBANK NATIONAL ASSOCIATION RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of September 1, 2020. Information and rates are subject to change without notice.

Terms and Conditions

PHYSICIAN & DENTAL LOAN – RATE DETAILS, TERMS AND CONDITIONS

FEE INFORMATION

There are no origination fees or prepayment penalties associated with the loan. A late fee may be assessed if any part of a payment is not received within 15 days of the payment due date. Any late fee assessed shall not exceed 5% of the late payment or $28, whichever is less. A borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.

LOAN AMOUNT

If you a practicing Doctor [Doctor of Medicine (MD) or Doctor of Osteopathic Medicine (DO)] or Dentist [Doctor of Medicine in Dentistry or Doctor of Dental Medicine (DMD) or Doctor of Dental Surgery (DDS)] or if you are a resident, with one of the aforementioned degrees and a contract to practice starting within 12 months, you may borrow up to $80,000 (minimum loan amount of $5,000).

ELIGIBILITY

Must be a U.S. Citizen, or Permanent Resident with a valid I-551 card and meet Lender underwriting criteria (including, for example, employment, debt-to-income, disposable income, and credit history requirements). Must also have a Doctor of Medicine (MD), Doctor of Osteopathic Medicine (DO), Doctor of Medicine in Dentistry or Doctor of Dental Medicine (DMD), Doctor of Dental Surgery (DDS).