PURPOSE

To provide Loan to Medical Practioners for:

• For Purchased of equipment
• For Setting up Clinic, nursing home, path. Lab drug store, ambulances, computers, vehicle ,etc
• Expansion/ renovation of existing premises
• Purchased of Vehicles/ Ambulance/ computers etc
• Any other Supporting activity

ELIGIBILITY

• Individual,partnership, corporates, trust with powers to borrow
• Promoters should be registered practitioners and should possess minimum qualification to practice in a discipline such as MBBS/ BDS/ BAMS /GAMS/BHMS

QUANTUM OF FINANCE

• Max- ₹ 1 crore, subject to maximum working capital components as 10% of total loan amount
• Minimum DSCR 1:1.5

MARGIN

• Min.15%

INTEREST RATE

• As Prescribed by the Bank, Interest will be applied on monthly compounding basis