Personal 
Hanmi Professional Loans
Made simple for the busy professionals
Hanmi Professional Loans
Are you a licensed professional with satisfactory credit*? With loan amounts up to $300,000, our simple and easy professional loan could be the solution to enhance your career!
Qualified Professionals
- Medical Professionals
- Certified Public Accountants
- Attorney
Apply Now
Quick and easy application process, typically under 15 minutes
Simple Credit Decision
Loan approval is primarily based on your professional license and satisfactory credit*
No Out of Pocket Expenses
Fee as little as $500, taken out from the loan proceeds
Competitive Rate
Affordable loan rates compared to other professional loan programs
*We require minimum FICO score of 680, No bankruptcy, foreclosure, short sale, minimum availability of at least 30%
Product Offerings
Employed Professionals
Individual
Key Features
- Term: 7 years for commercial purpose1
- Amount: $20,000 to $50,000
- Fixed Rate: 8.50% interest rate2
- Fee: $500 standard fee (fee taken out from the loan proceed; no out of pocket expense)
Eligibility
- Must have active professional license
- Minimum FICO score of 680
- No bankruptcy, foreclosure, short sale, minimum availability of at least 30%
- Must be practicing in the respective profession to qualify5
Documentation Needed
- Copy of valid government-issued photo ID (i.e. Driver’s License)
- Copy of professional license
- Copy of paystub for employee verification (within 30 days of application)
Professional Owned Practice
Business
Key Features
- Term: 7 years for a business purchase and 5 years for all other business purposes
- Amount:
Business Purpose: $50,000 – $150,000
Business Purchase: $100,000 – $300,0003 - Rate: 8.50% interest rate fixed4
- Fee: 1% of the loan amount (fee taken out from the loan proceed; no out of pocket expense)
- Prepayment Penalty: A percentage of the loan is assessed if the loan is paid off within:
– 1 Year: 3% of the outstanding balance
– 2 Year: 2% of the outstanding balance
– 3 Year: 1% of the outstanding balance
Eligibility
- Must have active professional license
- Licensed and active for at least 2 years
- Minimum FICO score of 680
- No bankruptcy, foreclosure, short sale, minimum availability of at least 30%
- Business cannot operate from a residential location6
Documentation Needed
- Copy of valid government-issued photo ID (i.e. Driver’s License)
- Legal documents with verification of ownership
- Copy of professional license
1Loan proceeds must not be used for education expense, personal, family, or household purpose.
2 Subject to credit approval. Rates as of 8/7/2024. Rates subject to change without notice.
3Up to 70% Loan to Purchase Price. Professional can qualify up to $300,000 if funds used for business purchase and purchase contract and Escrow info uploaded to Portal. Funds will be sent directly to Escrow upon verification of at least 30% down payment.
4Subject to credit approval. Rates as of 8/7/2024. Rates subject to change without notice.
5Borrower will attest that they are working in their profession.
6Applicants with a home office will be considered an employed professional and can only apply for the Employed Professionals Loan for individuals.
FAQ
How do I start the online application process?
To begin your application process, you will need a username and password. If you are an existing customer, a username and password will be provided for you. If you do not already have a username and password issued to you, please contact our local branch for assistance.
How do I know if I’m qualified to apply for the Professional Loan?
If you are a medical professional, certified public account, or an attorney with active license and minimum credit score of 680, you meet our basic eligibility criteria to apply.
I don’t know my exact credit score. Do I need to pull a credit report in order to apply?
Don’t worry. When you submit your application, we’ll be pulling the most updated credit report to get the necessary credit information.