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Doctor /Hospital /Clinic Loan to purchase Covid-19 related Equipments / Vaccine
As you take care of others, we take care of you..
Features & Benefits
- Zero Processing Fees
- No Gurantors
- Individuals, Partnerships, Pvt /Ltd Companies/ Trust/AOP offering medical services and requires finance for purpose of equipment / machinery which are used specifically for treatment of Covid-19 patients as also financing for procurement of Covid Vaccines.
- Margin is 10% on total Invoice Price
- Attractive Interest Rates
- Simple Documentation
- Speedy Loan Approval
Purpose
- Term Loan For Purchase of Covid Related Equipments
- Working Capital Demand Loan for purchase of Covid Vaccine.
Eligibility
- Existing / New Professional Medical Practitioner having Degree certificates along with certificate of registration and practise.
Quantum of Loan
- Term Loan : Up to Rs. 25 Lakh
- Working Capital Demand Loan : Up to Rs. 200 Lakhs
Tenure
- Term Loan - Maximum 84 months
- Working Capital Demand Loan - Payable within 3 months
Documentation : Refer Basic Documents – Retail Loan
In addition to the Basic Documents
- Application in the prescribed format.
- Invoices of machines/ equipment/ vaccines to be purchased from authorized dealers only.
- IT returns of the applicant and co-applicant for last three years.
- Net worth certificate of the applicant /co-applicant.
- FI Report – As applicable.
- Degree certificates of the borrower along with certificate of registration.
- All other documents as per existing policy.
Security
- Term Loan : Hypothecation of Equipment’s / Machinery purchased
- Working Capital Demand Loan : Hypothecation of stock of Covid Vaccine
Conditions Applied
Disclaimer
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