Parameters Features
Nature of Facility Term Loan
  • To finance qualified medical practitioners.
  • For buying equipment (For dentists, the loan also covers dental implants besides equipment; for orthopedists, the loan also covers various replacements/ implants for hip/knee/shoulder/spine etc.)
  • Setting up clinic, nursing home, pathology labs, drug store, ambulance, computers, vehicles, etc.
  • Expansion/renovation/ modernization of existing premises.
Target Group Medical practitioners of allopathic discipline, promoters of allopathic hospitals and nursing homes, pathological clinics, polyclinic, X-ray labs; any activity of allopathic discipline.
Eligibility Criteria
  • Individuals/Partnerships/ Corporate/Trusts (with powers to borrow)
  • Promoters should be registered practitioners and should possess minimum qualification to practice in allopathic discipline such as MBBS, BDS, etc.
Quantum of loan (Min/Max) In Metro/Urban/other centers:
For Corporate/Partnerships/Individuals: From Rs. 10 lacs to Rs. 5 crores.
Margin (%) Margin @ 15% uniformly.
Pricing Competitive Interest Rate Linked to MCLR
Collateral Security
  • No tangible collateral security for loan amounts upto Rs. 2 crores: They are to be covered under CGTMSE.
  • For loans above Rs. 2 crore and upto Rs. 5 crores: Minimum 25% tangible collateral security and Personal guarantee of promoters.
Repayment Period
  • Term Loan: Loan is repayable in 3-7 years (including moratorium period of 6 months)
  • Repayment to commence after 6 months of first disbursement. Repayment can be equated or customized as per the cash accrual of the unit.
  • Interest to be serviced on a monthly basis during the moratorium period
Processing Fee 50% concession on card rates.
Other Conditions
  • Cash flow generated out of the equipment financed under the product should mandatorily be routed through a Bank account maintained at the branch.