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SV Hello Doctor

A Helping Hand for your Healing Hands

Personal Banking > Loans > Loan for Medical Practioners > SV Hello Doctor

As a Doctor, everyday, you make the world a healthier place. But now, with SVC's Hello Doctor Loans, that noble venture can progress at a much faster pace! Acquire high tech instruments, expand your clinic, enlarge your practice; all that & much more is now possible with SVC!

Who can Borrow Individuals / Proprietary concerns / Partnership firm/ Pvt Ltd - consisting of Medical Professionals (excluding hospital projects) 
Purpose Acquisition  or construction of own Consulting Room, Specialty Clinic,
Polyclinic, Nursing Home or even a Hospital. This would also include any Expansion or renovation plan for existing set up.
To assist in purchase of  sophisticated  and state of the art Medical
Equipments.
Financing of Ambulances or specialized Mobile Medical Units    Purchase of New Car.
Limit  
  • In cases for purchase of Furniture/ fixtures / equipments / machineries / ambulance - Rs.300 Lakh.  
  • In case for purchase of premises / against mortgage of premises -  Rs.500 lakh.
Margin
  • ON LAND & BLDG:-
    • 10% of Agreement value for loans up to Rs.30 Lacs
    • 20% of Agreement value for loans above Rs.30 Lac
  • 15% to 25% ON PLANT & MACHINERY/EQUIPMENTS ETC
  • 10% for New CARS
Repayment  Schedule For Equipments/Premises – 60 to 84 months
For Premises – 120 months (Max)
For Car – 36 to 60 months
Processing Fees     0.50%   Plus S.T.   (minimum Rs.5,000/- + ST)
Legal & Documentation Charges On Actual Basis
Prerequisites
  • Qualified Medical Practitioner with Good Experience.
  • Income Tax Returns for the last three years along with computation of income.
  • New practitioners to submit detailed project report and feasibility report.
  • Statement of bank operations of last one year
  • True copy of the agreement of property to be purchased and other relevant documents.
  • Quotation/Proforma invoice for purchase of medical equipments / furniture / interior renovation work for premises purchased/car /ambulance etc.
  • Statement of operational bank account for the last 1 year 
  • Compliance of KYC norms.