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Doctor Loan

A red carpet welcome for medical professionals

Features & Benefits

  • 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

Loan upto Rs. 500 lakhs with Collateral Security (Set up of Clinic / Hospital )

  • Tenure : 10 years including 6-12 months Moratorium
  • Rate of Interest : 9.00% p.a. onwards
  • Margin Required (Doctor’s Contribution) :
    • Land & Building 10%
    • Machinery / Equipments 10%
    • Renovation / Furniture & Fixtures (For Ownership Premises Only) 30%

Loan upto Rs. 100 lakhs without Collateral Security - (Only Equipment)

  • Tenure : 7 years
  • Rate of Interest : 9.95% p.a.
  • Margin Required (Doctor’s Contribution) : Machinery / Equipments 10%

Loan upto Rs. 50 lakhs without Collateral Security – (Against used machinery)

  • Tenure : 5 years
  • Rate of Interest : 10.00% p.a.
  • Margin Required (Doctor’s Contribution) : 5% on WDV or 20% on MV

Documentation : Refer Basic Documents - Retail Loan

In addition to the basic documents

  • Degree : Professional Degree Certificate
  • 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

Conditions Apply

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