Doctor Plus - Business

Features

• Type of Facility Term Loan
• Purpose
  • 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.
• 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
• 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/Upfront Fee : 50% concession on card rates.