Professional Loan


Purpose 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
Eligibility 1. Experienced or Fresh Registered Medical Practitioner only.
2. Group of Medical Practitioners who are going to set up Hospital / Medical
Unit Facilitation Centre / Diagnostic Centre related to Medical profession.
3. Individual/Firm/Company who are going to set-up Hospital.
4. For Applicants already having these type of facilities with other Banks / Financial Institutions.
5. Age limit maximum 60 years.
Maximum Loan Amount Minimum - ₹ .5.00 lakhs [₹ Five lakhs only]
Maximum - ₹ 300.00 lakhs [₹ Three Crores only]
Margin [1] 25% on cost of Machinery,
[2] 25% on Estimate of Renovation/Alteration
[3] 20% on Immovable Property under purchase.
[4] Nil on basic price of Ambulance (Excluding RTO Tax, Insurance etc.)
[5] 50% of Immovable Property (if facility is availed against existing property)
Repayment Period [1] For Furniture / Equipment / Machinery / Ambulance, etc.: 48 to 84 months.
[2] For Premises: 84 to 120 Months.
[3] For Overdraft: Annual review after 12 Months, but repayable on Demand.
(MORATORIUM period of 18 Months maximum allowed, depending on the need / requirement of Project in case of [1] & [2].
Rate of Interest 10.90 % to 11.50%
Security [1] Hypothecation of Equipment / Machinery / Furniture / Ambulance, etc.
[2] Mortgage of Clinic / Hospital premises to be acquired / purchased / constructed.
Guarantators Minimum 2 Guarantors having adequate means & income acceptable to Bank.
Spouse / Parents/Blood Relatives of applicant acceptable.
Collaterals [1] No Collateral Security is required for loan up-to Rs.10.00 lakhs.
[2] 25% Collateral security is expected for purchase of Equipment / Machinery / Furniture / Ambulance, etc.[If only Movable Security is available]
[3] No Collateral Security is required if the proposal is for purchase of Machinery/Equipment and Clinic / Hospital Premises
(Ext. of Mortgage charge on available Immovable assets)
Processing Charge 0.40%
Subscription of Bank's Share 1%
Pre-payment Charges NO PREPAYMENT CHARGES

Terms & Conditions Apply.
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