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DOCTOR'S LOAN
Interest Rate : 11.00%
Upto Rs. 15/- Crore
ADVANTAGES OF DOCTOR LOAN FINANCE WITH US 1. No Floating Rate - Which means fixed rate during loan period. 2. Interest application on Daily Reducing Balanace 3. Flexibility of Clubbing family income for loan eligibility. 4. Share linkage 0.50% of loan amount-minimum Rs.2000/- maximum Rs.10,000/- 5. Flexibility of making payment more than EMI 6. No advance EMI Last EMI amount significantly lower. 7. No. Pre-Payment charges. 8. No hidden cost or administrative charges. 9. Completely transparent produre.
Eligibility :
Individuals (Qulified registered medical practitioner) / Partnership firm / Limited Company. In case of partnership firm / limited company, either one of the partner's / director's should be qulified registered Medical paractitioner or they should engage the services of Registered Medical Practitioners in the Hospotal.
Purpose :
To construct / Purchase hospital building setting up nursing home poly clinics etc. for expansion / modernization of existing hospital permises. To purchase medical equipments and furniture.
Form of Loan : Term Loan
Loan Quantum : Maximum of Rs. 15/- Crore.
Margin :
For Equipment, Machineries 25 % For Furniture 40 % For Construction / Purchase of Building for Hospital 30 %
Insurance :
Comprehensive insurance with our Bank clause has to be made on all the assets hypothecated to our bank.
Security :
Mortgage / Hypothecation of assets created with bank finance
Guarantee of Credit worthy persons.
Repayment :
Maximum 120 Months including moratorium period of six months (For construct/purchse Hospital) - (60 Months - for equipments/furniture)
Processing Charge :0.50% of the loan amount + Service Tax
