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Doctor's Loan

A red carpet welcome for medical professionals

Features & Benefits

  • Zero Processing Fee
  • Interest charged on daily reducing basis
  • No pre - payment charges for repayment through own source
  • Attractive interest rate
  • Simple documentation
  • Easy repayment options - ECS/ Post-dated cheque/ Standing Instruction
  • Speedy loan approval
  • Offers Insurance cover for all assets at attractive premium

Purpose

  • Furniture Fixture, Repairs & Renovation of Clinic
  • Funding for Imported Equipment
  • Hospital Infrastructure Finance

Eligibility

  • Professional Medical practitioner

Quantum of loan

  • Up to 100 % of vehicle value
  • Up to 90 % of Equipment & Premises value
  • Up to 70 % Finance on Furniture, Fixture, Repairs & Renovation of Clinic

Documentation : Refer Basic Documents - Retail Loan

In addition to the basic documents

  • Degree : Professional Degree Certificate
  • Vehicle : Proforma Invoice of an authorised dealer
  • Equipment/Computer : Estimate / Quotation
  • Premises
    • Copy of Agreement or allotment letter
    • Chain of Agreements in case of re-sale
    • NOC from Society
    • Share Certificate of the society in the name of seller
    • Leave & license agreement if the applicant is currently staying on rent

Security

  • Mortgage of assets financed

Surety

  • One Guarantor

Repayment

  • Up to 10yrs (Including Moratorium)

Conditions Apply