Sr. No |
Field |
Content |
1 |
Eligible Segments |
All medical practitioners/ doctors
Minimum Qualification: MBBS/ BAMS/ BDS/ BHMS. |
2 |
Facility |
Term loan & Overdraft/ Cash Credit |
3 |
Purpose |
OD/CC: To meet Working Capital requirements
Term Loan: For Purchase of specialized medical equipment, setting up of new clinic/hospital, Expansion of infrastructure in existing clinic/hospital, etc.
|
4 |
Loan Amount |
Minimum: Rs. 50, 000/-
Maximum: Rs. 2 crores
|
5 |
Tenor |
Term Loan: Up to 7 years |
6 |
Pricing |
Linked to Bank’s Base Rate and Rating. |
7 |
Security |
Term Loan: Exclusive Charge on assets financed.
Working Capital: Exclusive charge on all the current assets.
Collateral: Mortgage of residential/commercial properties of appropriate value.
|
8 |
Guarantee |
Personal guarantee of the promoter directors (in case of limited companies) |
9 |
Margin |
Upto 25%. |
10 |
Processing Charges |
Upto 1%. |