Healthcare Business Loan

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Healthcare Business Loan
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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.
    Hospitals/ Nursing Homes
  • 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.
    Loans above Rs. 2 Cr to Rs. 20 Cr:

    Minimum 25% SARFAESI enabled tangible collateral security.


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Last Updated On : Wednesday, 20-07-2022

Interest Rates

8.40%* p.a.

w.e.f. 01.09.2023

*T&C Apply.

 

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