Loans
Loans to finance medical practitioners and paramedics
Loan that is specially designed to suit the requirements of medical practitioners and paramedics. The loans are offered under 5 schemes
| Scheme 1 | Purchase of medical equipment and tools including ambulance vans. |
| Scheme 2 | Purchase of premises for setting up a clinic/polyclinic/Private Nursinghome/hospitals |
| Scheme 3 | Purchase of furniture and fixtures, air conditioners and other office equipment |
| Scheme 4 | Purchase of cars and two wheelers |
| Scheme 5 | Combination of the above. |
Security requirement :
For equipment, the financed asset should be hypothecated to the bank, and for property, the financed real estate needs to be mortgaged.
Guarantors :
Minimum 2 persons acceptable to the Bank.
Margin :
| Scheme 1 | 20% of the cost |
| Scheme 2 | 20% of the cost |
| Scheme 3 | 20 % to 25% of the cost |
| Scheme 4 | 10 % for Personal Vehicles |
| Scheme 5 | Depending on the Package Chosen |
Repayment Period :
60 EMI’s in case of equipments 84 For property loan
Share Linkage :
2.5% of the loan amount
Special Features :
Interest calculated on daily reducing balance.
No prepayment/commitment charge levied unless the Liability is taken over by another financial institution.