DOCTOR CARE LOAN

If you have the desire, energy, talent and ability to carry forth your vision of providing health care services to a wide spectrum of people, we welcome you into our fold. Our Doctor Care Loan helps you set up your own practice (clinic / hospital), aids you in purchasing equipment, and even assists you in refurbishing your established practice (clinic / hospital).

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Eligibility

  • Any Qualified Doctor (existing / new medical practitioner)
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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

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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)

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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 (may be waived on a case to case basis)
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Rate of Interest

  • Upto 84 months - PLR less 2.50% i.e. 9.50% p.a.
  • Above 84 months up to 120 months - PLR less 0.50% i.e. 11.50% p.a.

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Documents Required

  • PROOF OF IDENTTIY
    Aadhar Card/Driving license/ Passport/ PAN card/Election card/Job card issued by Govt. agencies
  • PROOF OF RESIDENCE
    Aadhar Card/Driving license/ Passport/ Election card/Job card issued by Govt. agencies
  • PROOF OF INCOME
    Form 16A, Latest Salary Slip for 3 months, Salary bank account statement of last 1 year
  • Proforma invoice of the article to be purchased
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Collateral

  • For existing doctors – No collateral for loan amount upto Rs. 50 lakhs
  • For new Doctor – No collateral for loan amount upto Rs. 25 lakhs
  • (50% collateral required for amounts greater than that stipulated above)

LOAN PRODUCTS

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Scheme for Commercial Transporters

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Pragati Scheme

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Lease Rental Discounting

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Housing Loan

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Personal Vehicle Loan

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Surety/Consumer Loan

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Doctor Care

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Loan Against Shares and Units of Mutual Funds

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Loan Against Insurance Policy

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Reverse Mortgage Loan - Aashraya

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MSE 100

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180 123 0209

ccbl@citizencreditbank.com

Citizencredit Co-operative Bank Ltd.
CITIZENCREDIT CENTRE
CTS No:236, Marve Road, Orlem,
Malad (W), Mumbai 400064

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