Healthcare Business Loan - Business
Healthcare Business Loan
Purpose
- To finance qualified medical practitioners for setting up clinics.
- For purchase of medical equipment including ancillary equipment (For dentists, the loan also covers dental implants besides equipment; for orthopaedists, the loan also covers various replacements/ implants for hip/knee/shoulder/spine etc.)
- For setting up Hospitals/ Nursing Homes, diagnostic centre, pathology labs, drug store, ambulance, computers, vehicles, physiotherapy centres, ayurvedic centres, acupressure centre, yoga centre, other therapy centres under tie-up with/ employed qualified doctors
- For Expansion/renovation/ modernization of existing premises.
Features
- Target Group:
- Hospitals/ Nursing Homes
- Diagnostic Centres and Pathology Laboratories
- Eye Centres, ENT Centres, Small and Medium size specialty clients like skin clinics, dental clinics, dialysis centres, endoscopy centres, IVF centres, poly clinics, X-ray labs etc.
- Qualified Medical Practitioners.
- Quantum of loan (Min/Max)
- Minimum: Above Rs. 10 lacs
- Maximum: Up to Rs. 20 Crores
- Cash Credit facility shall be given for maximum limit of Rs. 2 Cr only, for meeting recurring expenses.
- Margin (%) :
- Term Loan - 15%
- Cash Credit - 25%.
- Pricing : Competitive pricing linked to EBLR / 6 Months MCLR
- Repayment Period:
Cash Credit: Repayable on demand OR Renewable annually.
Term Loan:
- Maximum period of 10 years including moratorium period.
- Maximum moratorium 12 months (6 months in case of purchase of equipment only)
- 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.
- Upfront Fee: 50% concession on card rates.
Eligibility Criteria
- Individuals/ Proprietorship Firms/ Partnership Firms/ Corporates/ Trusts (with powers to borrow)
- Applicant should have minimum 2 years of operations of the diagnostic centre, pathological lab, hospital, nursing home, etc. irrespective of constitution.
- In case of financing to Hospitals/ Nursing Homes, the promoter should have required minimum qualification in the relevant discipline; like MBBS, BDS, BHMS etc.
- Should have the required approvals/ registrations from the statutory/ regulatory authority.
- ITR is mandatory in case of all existing units operating for more than one Financial Year.
Collateral Security
- Collateral Security : Loans up to Rs. 2 Cr:
Nil collateral, if covered under CGTMSE/CGSSI.
- Guarantee Fee to be borne by borrower.
- For coverage under CGTMSE, partial collateral security model is also applicable as per extant CGTMSE guidelines.
Minimum 25% SARFAESI enabled tangible collateral security.
Last Updated On : Wednesday, 20-07-2022

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
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Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above