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DOCTOR'S LOAN


Interest Rate : 11.50%
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, Machineries25 %
For Furniture40 %
For Construction / Purchase of Building for Hospital20 %

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