| Eligibility |
- Any qualified Doctor (existing / new medical practitioner)
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| Quantum |
- Maximum – Rs.100.00 lakhs (for new medical practitioner)
(higher amount may be considered on case to case basis)
- Maximum – Rs.300.00 lakhs (for existing practitioner with min.3 years)
(higher amount may be considered on case to case basis)
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| Purpose Of Loan |
- For setting up clinic / hospital
- For purchase of equipments / furniture at the clinic or hospital
- Renovation of clinic / hospital
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| Sanction Limit |
- 90% of cost of premises
- 80% cost of equipment
- 70% of cost of furniture / cost of renovation
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| Repayment
period |
- For premises & equipments - upto 120 months
- Only for equipments/renovation/furniture – upto 84 months
(moratorium period of 12 months may be granted on merits of case)
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| Rate of interest |
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| Security |
- For purchase of equipment / furniture – Hypothecation of equipment / furniture to be purchased
- For purchase of new premises / construction of clinic or hospital on owned plot / Renovation of clinic – Equitable Mortgage of the premises/ clinic respectively
- One Surety of good means acceptable to the Bank (maybe waived on a case to case basis)
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| Collateral |
- For existing doctors – No collateral for loan amount upto Rs.50 lacs
- For new Doctor – No collateral for loan amount upto Rs.25 lacs
(50% collateral required for amounts greater than that stipulated above)
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| Documents
Required |
- Prescribed loan application form
- Latest Photograph, Photo ID proof and Residence proof of Applicant
- I.T. returns for last 3 years (fresh Doctors– IT returns not to be insisted)
- Quotation of the equipment / furniture / renovation
- License to practice
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