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Tuesday, 22-Aug-2017  08:51:19 AM
 
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Loans & Advances to Medical Practitioners
 
 
PURPOSE
  • For acquiring premises on ownership basis required for running Clinics/Nursing Homes, pathology labs, drug stores subject to compliance with license / registration requirements under laws of State / Central Govt. as the case may be.
  • For buying equipments/ machinery for various dental implants besides equipments; For Orthopedists equipments/machinery for various replacements/ implants for hip/knee/shoulder/spine etc.
  • For purchase of standard make medical equipments, professional tools, ambulance, computers, UPS, software, furniture & fixtures etc.
  • Expansion/ renovation/ modernization of existing premises.
MAX. AMOUNT
Term Loan Rs. 200.00 Lakh
Overdraft facility (Cash Credit) Rs.5.00Lakh for purchase of medicines and to pay salaries and other expenses.

Note :- Composite Loan & CC Amount :- Rs.200.00 Lakh.
ELIGIBILITY Constitution of the Borrower :-
Individuals (Experienced or Fresh Qualified Registered Medical Practitioners), Partnership Firm/ Private Limited Company/ Trust – partners, directors, trustees should be qualified registered medical practitioners.

Applicants/ Promoters should have recognized qualification in the field of medical science like MBBS/ BAMS/ BDS/ BHMS/physiotherapy/ pharmacy/radiology/pathology etc.

Loan Eligibility based on :-
  • Based on repayment capacity.
  • DSCR should be more than 1.5.
  • Cost of Project minus margin amount
REPAYMENT

For purchase of premises – Maximum 120 Months (Including Moratorium Period)

For purpose, other than purchase of premises – Maximum 84 Months (Including Moratorium Period)

For Loan up to Rs.2.00 Lakh--Maximum 60 months.

Maximum moratorium period will be based on the merits of the Project/case.

RATE OF INTEREST Click Here
MARGIN 10% of the cost of medical equipments/machinery.

25% of cost of premises/computer/renovation/equipments/ furniture expenses etc.
 
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