AAROGYAM (Non- Metro) Healthcare Business Loan - Business

Other Terms & Conditions : 

• Nature of Facility : Term Loan, Cash Credit, Bank Guarantee, Letter of Credit.

• Loan Amount :

  Minimum: No minimum loan.

  Maximum: Rs.100 Crores for all centres other than metro cities.

• Rate of Interest : 7.95%

• Primary Security : Hypothecation/ pledge / Charge (including EM if any) of the assets charged to the Bank.

• Collateral Security :

  • Loan will be covered Loan Guarantee Scheme for Covid Affected Sector (LGSCAS), Guarantee Cover provided by NCGTC
  • Minimum 25% SARFAESI compliant tangible collateral security.

• Guarantor : In all cases (other than individuals and proprietary concerns), personal guarantee of the promoters/partners/directors of the unit will be mandatory. Corporate guarantee of holding company wherever applicable.

• Repayment Period :

  • Cash Credit : Repayable on demand.
  • Term Loan: Maximum period of 10 years including moratorium period.

• Extent of guarantee coverage : The guarantee cover provided by NCGTC would be 50% (75% in case of projects coming up in aspirational districts* ) in case of brownfield projects and 75% in case of greenfield projects.

• Margin :

  Project Debt: Equity: 3 :1

  • Term Loan - 25%
  • Cash Credit - 25% (Stocks), Receivables: 40% Cover period: 90 days.

  BG/LC – 25%

• Duration/ Validity : The Scheme would be applicable to all eligible loans sanctioned during the period from May 07, 2021 till March 31, 2022, or till guarantees for an amount of Rs.50,000 crore are issued under the scheme, whichever is earlier.