Eligibility

• Any Qualified Doctor (existing / new medical practitioner)

Quantum

New medical practitioner: up to Rs.100.00 lakhs (higher amount may be considered on case to case basis)

Existing practitioner (with min 3 yrs): up to Rs.300.00 lakhs (higher amount may be considered on case to case basis)

Quantum of Loan

90% of cost of premises

80% of cost of equipment

70% of cost of furniture / cost of renovation

Combo offer: Pre-sanctioned car loan of upto Rs.10 lakhs for applications with minimum ticket size of Rs.50 lakhs wherein premises mortgaged

Repayment Period

For equipment / renovation / furniture – upto 84 months

For premises & equipments – upto 120 months

(moratorium period of 12 months may be granted on merits of case)

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 (may be waived on a case to case basis)