Doctors Loan

Doctors Loan

Simplified financial solutions for purchase of advanced equipment, and renovation / construction / purchase of hospital

Key Features
Upgrade. Expand. Take your Practice places

Step closer to your dream practice with Doctors Loan. Be it expanding or renovating your existing setup, purchasing state-of-the-art medical equipment for your clinic / hospital or financing of ambulances, you can be rest assured that with Doctors Loan not only can you make all this happen, but you can also enjoy attractive rate of interest, personalised service and quick loan disbursal.

Loan up to INR 750 Lakhs

Minimal Processing fees

Quick disbursal

Personalized service

Services Image

Other Benefits

  • Purpose:
    • Acquisition or construction of own Consulting Room, Specialty Clinic, Polyclinic, Nursing Home or Hospital. This includes any expansion or renovation plan for existing setup as well
    • To assist in purchase of sophisticated medical equipment
    • Financing of ambulances, specialized mobile medical units or purchase of a new car
  • Loan Amount:
    • In case of finance is extended for purchase of furniture / fixtures / equipment’s / machineries / ambulance /computers – Up to Rs. 300 Lakhs
      In case for purchase of premises / against mortgage of premises – Up to Rs. 750 Lakhs
  • Margin:
    • a. In case of purchase / construction – of land & building / clinic, consulting room, speciality clinic, 
      polyclinic, X-ray lab, pathological lab, nursing home or hospital, drug stores, etc:-
      • @ 10% of agreement value / cost or market value whichever is lower – for loan amount up to Rs. 
      30L AND
      • @ 20% agreement value / cost or market value whichever is lower – for loan amount above Rs. 
      30L.
      b. In case of purchase of machinery / equipment’s/ computers:-
      • @ NIL for loan amount up to Rs. 10L.
      • @ 10% to 25% for loan amount above Rs. 10L.
      c. Purchase of new cars / ambulance: @ 10% of basic cost + registration + insurance +accessories 
      d. For expansion & other business needs against existing properties (Mortgage Loan / LAP):-
      1. Up to 1 year
      20% of agreement value or market value whichever is 
      less (subject to residential property up to Rs. 140L 
      only)
      2. Above 1 year 35% of market value
  • Repayment:
    • For premises- 180 months
    • For equipment / Machineries / Ambulance, Computers, etc – 60 to 84 months
    • Furniture & Fixtures / Renovations/ Modernisation – Maximum 60 months
    • For Purchase of New car – 60 months
  • Security: 
    Mortgage of commercial premises to be purchased / constructed. Hypothecation of equipment, furniture & fixtures and vehicles to be purchased

*Terms & conditions apply

Eligibility
  • Individuals / Proprietary concerns / Partnership firms / Pvt. Ltd. consisting of medical professionals (excluding hospital projects)
  • Qualified medical practitioner with good experience
FAQ

Doctors Loan can be availed by medical professionals for:

  • Acquisition / construction of a nursing home / hospital
  • Purchase of medical equipments
  • Financing of ambulances, specialized mobile medical units or purchase of a new car

  • In case of purchase of furniture / fixtures / equipment / machinery - INR 300 Lakhs 
  • In case of purchase of commercial property - INR 750 Lakhs

Margin on Doctors Loan is:

  • 10% of Agreement Value for loans up to INR 30 Lakhs on land and building
  • 20% of Agreement Value for loans above INR 30 Lakhs on land and building
  • 15% to 25% on plant and machinery / equipment etc.
  • 10% for new cars

  • For premises- 180 months
  • For equipment / Machineries / Ambulance, Computers, etc – 60 to 84 months
  • Furniture & Fixtures / Renovations/ Modernisation – Maximum 60 months
  • For Purchase of New car – 60 months

There is minimal processing fees charged on Doctor Loans

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