If you are a doctor or a medical practitioner, we have the right product that takes care of your need for financial assistance for day-to-day business requirements, setting-up /up-gradation of a new/existing clinic or capacity expansion plans.
• OD/CC: To meet Working Capital requirements
• Term Loan: For Purchase of specialized medical equipment, Expansion of infrastructure in existing clinic/ hospital, Expansion of infrastructure in existing clinic/ hospital, etc.
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Loan Amount
Minimum: Rs.50, 000/-
Maximum: Rs. 2 crores
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Tenor
Term Loan: Up to 7 years
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Pricing
For Loans up to Rs. 2 lakhs: Linked to Bank Base Rate
For Loans above Rs. 2 lakhs: Based on score obtained in scoring model
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Security
Term Loan: Exclusive Charge on assets financed.
Working Capital: Exclusive charge on all the current assets.
Collateral: Up to 50% of the loan amount.
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Guarantee
Personal guarantee of the promoter directors (in case of limited companies)
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Margin
As per nature of the loan.
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Processing Charges
Processing fee of 0.50 to 1 % with a minimum of Rs.500