Eligibility
  • Any qualified medic having a degree or diploma
   
Purpose Of Loan
  • Purchase / Renovate Clinic
  • Purchase Medical Equipment
  • Purchase of vehicle
   
Sanction Limit
  • 75% of the Agreement Value/Estimate for premises
  • 75% of the value of the equipment
  • 75% of the estimate for vehicle
   
Repayment period
  • 3 - 5 years
  • No pre-payment penalty
   
Rate of interest
   
Security
  • Mortgage of premises
  • Hypothecation of equipment or vehicle to be purchased
  • One guarantor with adequate net worth
  • Any other security that may be deemed necessary by the bank
   
Documents Required
  • Proof of Residence - Aadhar Card Card/Driving license/ Passport/ Electricity Bill/ Telephone Bill
  • Copy of Degree/Diploma Certificate
  • For new premises - Agreement Value
  • For old premises - estimate
  • For vehicle - Invoice/Valuation Certificate