SELF EMPLOYED LOAN SCHEME – MEDICAL PRACTITIONER
Eligibility
MBBS / BHMS / BAMS / BPT / BDS. Should have the approvals/registration statutory / regulatory authority with minimum 2 years work experience.
Purpose
For setting up Hospital / Clinic, For purchasing Furniture, equipment, Machinery. Setting up clinical lab, purchase of Equipment, Furniture.
1) For purchasing premises on ownership basis required for running Hospitals / Clinics / Nursing Homes / Physiotherapy centre’s / Polly Clinics / Pathological Lab / Diagnostic Centre / Eye Centre / Small + Medium size specially clinics like, Skin Clinic, Dental Clinic, Dialysis Centres, Endoscopy Centres ,IVF Centre, X-ray Lab subject to compliance with license /registration requirement under laws of State / Central Govt. case may be insured.
2) Purchase of medical equipment including ancillary equipment, furniture, fixtures, furnishing professional tools, computing, UPS, stabilizer etc.
3) Renovating, expansion and modernization of existing Hospital, Clinic and Lab.
4) Purchase of Vehicle for ambulance purpose
5) To setup oxygen plant along with power back up to medical use in hospitals /Clinics / Nursing homes etc.
Type of Advance
Term Loan – Self Employed Loan (1251)
Quantum of loan
As per Bank Single & Group Exposure Limit
Margin
Lab Equipment, Hospital related Furniture & Machines, Purchase 25%. Clinic Space or Hospital Premises Space – 20%.
Primary Security
1) Hypothecation Equipment of Lab Machinery, Hospital related furniture,
2) Purchase Space for Lab, Clinic OR Hospital use (Premises)
Rate of Interest
10.00%
Loan Repayment
Maximum – 10 years
Moratorium Period
Up to 12 months
Disbursement
Directly to the Dealer/Suppliers or payment to Builders in case property purchase.
Processing Charges
1.00%
Other Features
Insurance of Collateral security and Equipment or machinery
Other Features
Insurance of Collateral security and Equipment or machinery
Guarantor
1 Creditworthy Guarantor