A Specially Designed Loan Facility for Medical Practitioners
Purpose
To finance qualified medical practitioners of any discipline mentioned under eligibility criteria :
Setting up clinic, expansion / renovation / modernisation of existing clinic, X-Ray lab, pathological lab, etc
For buying medical equipments (for dentists, the loan also covers dental implants besides equipments; for orthopaedists, the loan also covers various replacements / implants for hip / knee / shoulder / spine etc)
For purchase of computers and other essential equipments for clinic, etc
You are eligible if:
Individuals/ partnership firms.
Promoters should be registered practitioners and possessing minimum qualification MBBS and BDS.
Borrower should be registered with respective Council.
The applicant should be over 25 years of age at the time of commencement of loan and not over 65 years at the time of loan maturity.
Applicant should not be a defaulter of any Bank / Financial Institution.
KYC norms to be applied while identifying borrowers.
Nursing Home / Hospitals are covered by a separate scheme and hence not covered by this scheme.
Type of Loan
Composite Loan (Term Loan Plus Working Capital)
Loan Amount
Maximum of Rs. 2.00 crores of which a sub-ceiling for Working Capital limits at 10% of total loan amount.
Margin
Upto Rs 10 lacs : 10%
Above Rs 10 lacs : 25%
Margin for acquisition of premises for clinic (irrespective of amount of loan) : 33.33%
Rate of Interest
Please Check out the Interest Rates Section to find latest Interest Rates applicable.
Process Fees
0.50% of loan amount
Minimum Rs. 500/- ; Maximum Rs. 50,000/-
Repayment
Maximum repayment period up to 7 years. Maximum moratorium period 06 months for TLs (inclusive of repayment period).
In case of term loan, interest is to be serviced during the moratorium period.
In case of WC limit, limit to be reduced by 15% every year.
For any query, Please contact : Email: rbd@denabank.co.in
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