Healthcare Business Loan

Business Current AccountsSME LoansSME Collection Products
Show More
SME Fixed DepositsSME Government SchemesApply OnlineExternal Benchmark based Lending Rate(EBLR) for MSME LoansOnline Lead StatusContact Details of AGM SMEsList of SME Intensive Branches
Healthcare Business Loan
Apply Now

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.


Apply Now

Last Updated On : Wednesday, 20-07-2022

Interest Rates

8.50%* p.a.

w.e.f. 17.05.2023

*T&C Apply.

 

View All
SEE PRODUCTS APPLY NOW
Quick Links