|Purpose||Setting up/ acquiring/ construction/ Expansion/ renovation of clinics, Hospitals/ Pathological/ Clinical Labs, Scan/ Diagnostic Centers/Physiotherapy centers, Nursing Homes, Sanatorium etc. including furniture fixture and equipments and for purchase of vehicles, ambulances, computers etc.|
|Eligibility||Doctors having minimum qualification MBBS/BDS/BPT or equivalent degree|
|Constitution of Borrower||Individual, Joint borrowers, Proprietorship, Partnership and Company (Pvt/Public ltd) concerns where majority of share holding is by qualified medical practitioners only in case of firms/companies.|
|Quantum of Finance||
|Type of Credit||Term Loan|
|Rate of Interest||Please click here For rate of interest|
|Processing fee||Please click here For Processing fee|
|Documentation Charges||Actual Stamp/ Revenue expenses only|
Hypothecation of assets to be purchased/acquired with the help of Bankâ€™s finance.
Mortgage of business premises if financed by the Bank.
Collateral is invariably required all the cases subject to following exception:
"Cases upto Rs. 1 crore which are covered under CGTMSE"
Total repayment is maximum 7 years including Moratorium period.
Maximum moratorium period will be two years including construction period in case of new construction of business premises financed by bank. In all other cases maximum moratorium of one year may be allowed based on the justification and merits of the case.
|Prepayment||The prepayment facility is allowed without any charges but not within one year of the loan availment.|
Upto Rs.1.00 crore:
Above Rs.1 crore upto Rs.2 crore:
Locker Rent Concession
50% concession on locker rent for self and spouse for first two years, who avail loan under this scheme.
As per Housing Loan policy with following benefits subject to Minimum of 1 Year MCLR at any point of time:
As per Auto Loan policy with following benefits subject to Minimum of 1 Year MCLR at any point of time:
- Sun, February 18-2018