Doctor's Loan
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ADVANTAGES OF DOCTOR LOAN FINANCE WITH US
  • Fixed for first 36 month there after floating.
  • Interest application on Daily Reducing Balance
  • Flexibility of Clubbing family income for loan eligibility.
  • Share linkage 0.50% of loan amount-minimum Rs.2000/- maximum Rs.50,000/-
  • Flexibility of making payment more than EMI
  • No advance EMI Last EMI amount significantly lower.
  • No. Pre-Payment charges.
  • No hidden cost or administrative charges.
  • Completely transparent produre.
Eligibility
  • Individuals (Qulified registered medical practitioner) / Partnership firm / Limited Company. In case of partnership firm / limited company, either one of the partner's / director's should be qulified registered Medical paractitioner or they should engage the services of Registered Medical Practitioners in the Hospotal.
Purpose
  • To construct / Purchase hospital building setting up nursing home poly clinics etc. for expansion / modernization of existing hospital permises. To purchase medical equipments and furniture.
  • Form of Loan : Term Loan
  • Loan Quantum : Maximum of Rs. 15/- Crore.
Margin
For Equipment, Machineries 25 %
For Furniture 40 %
For Construction / Purchase of Building for Hospital 20 %
  • Insurance : Comprehensive insurance with our Bank clause has to be made on all the assets hypothecated to our bank.

  • Security :
  • Mortgage / Hypothecation of assets created with bank finance
  • Guarantee of Credit worthy persons.
  • Repayment : Maximum 120 Months including moratorium period of six months (For construct/purchse Hospital) - (60 Months - for equipments/furniture)
  • Processing Charge : As per applicable rate.
Doctor's Loan (Interest Rates)
Below Rs. 100 Lakh 9.50%
Rs. 100 Lakh to Rs. 500 Lakh 9.25%
Rs. 500 Lakh & above & Multispeciality hospitals with doctors holding more than 51% 9.00%