Purpose

Loan to professional is the obvious choice for

Construction / Purchase of Hospital / Clinic Premises.
Renovation / Alteration of existing Hospital / Clinic Premises, etc.
Purchase of Furniture / Hospital equipment’s. For Pathology Lab / X-Ray Machine / Diagnostic Centre etc.
Purchase of Ambulance attached to Hospital.
Working capital requirement

Loan - Eligibility

Experienced or Fresh Registered Medical Practitioner only.
Group of Medical Practitioners who are going to set up Hospital / Medical Unit Facilitation Centre / Diagnostic Centre related to Medical profession.
Individual/Firm/Company who are going to set-up Hospital.
For Applicants already having these type of facilities with other Banks / Financial Institutions.
Age limit maximum 60 years.

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Loan - Amount & Tenure

Loan Period

Maximum 120 months

Maximum Amount

upto Rs.800 lakhs

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Loan - Other Information

Guarantors

Minimum 1 Guarantors having adequate means & income acceptable to Bank

Security

Hypothecation of Equipment / Machinery / Furniture / Ambulance, etc.
Mortgage of Clinic / Hospital premises to be acquired / purchased / constructed.

Margin

20 % on estimated expenditure

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