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Smart Financing

Get quick loans for modern medical equipment with easy approvals.

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Loan Starting
Loan amount can be availed for minimum ₹10 lakhs up to ₹7.5 crores
Funding against the medical equipment purchased
Maximum Tenure
Loan can be availed for a minimum tenure of 12 months up to 84 months
Sanction
Moratorium up to 6 months available
Special Benefits
Collateral free up to ₹5 crores
Special Benefits
Loans for refurbished equipment and balance transfer also available

Medical Equipment Loans

Expand your business and enhance your facilities with collateral free Medical Equipment Loans designed especially for doctors. This MSME finance provides a long term funding against the medical equipment purchased.

Commercials

Loan processing charges

It is up to 1% + applicable taxes.

Part pre-payment charges

NA

Foreclosure Charges

It is 2.00% of the sanctioned limit.

Penal interest

It is 2.00% p.a. in addition to the existing rate of interest.

Repayment Instruction / Instrument Return Charges

₹500 per instance + applicable taxes

Eligibility & Documentation

Eligibility Medical Equipment Loans

Business Vintage

  • Minimum 2 years in current profession

Business Income

  • Minimum business income of ₹5 lakhs

Age

  • Minimum 21 years at the time of loan application
  • Maximum 65 years at the end of loan tenure

Residence / Office Stability

  • Either office or residential property is to be owned
  • Residence stability should be of at least 12 months
  • Office stability should be of at least 24 months

Documents Medical Equipment Loans

KYC Documents

Duly filled in application form signed by the customer

Relevant financial documents

Bank account statement of last 6 months

PAN Card/Form 60

Degree certificate and registration certificate with MCI or State Medical Council

Pro forma invoice / Quotation of equipment or machinery being purchased

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Frequently Asked Questions

Simple answers to the most common insurance queries.

We offer Medical Equipment loan to individuals, proprietorship firms, partnership firms, LLP, pvt. ltd. companies, unlisted public companies, society and trust. Eligible profiles are MBBS, BDS, MDS, MS, DM, diagnostic centres, hospitals, pathology labs, nursing homes, clinics, medical college, etc.

We offer competitive interest rates for our loan facilities. The interest for each loan is determined based on assessment of your business profile, past track record, financial records, loan amount required and tenure of loan.

Repayment shall be in monthly installments, including principal and interest.

The type of equipment funded under this loan are diagnostic equipment, imaging equipment, therapeutic and treatment equipment, life support equipment, medical monitors, pathology equipment, original equipment manufacture and refurbished/pre-owned machines.

Minimum business vintage required for Medical Equipment Loan is 2 years.