|Eligibility||Individuals / registered partnership firm / Limited Company / Trust etc. |
Key promoters or their spouse should be qualified medical practitioners, with satisfactory track record
|Amount of Loan||Minimum : Rs.1.00 lakh. |
Maximum Rs.No Ceiling
Upto Rs.5 lakhs-10%.
Above Rs.5 lakhs-20%.
Margin 15% for both the slabs.
|Interest Rates||Please see the Interest Rate link on home page|
|Repayment||Maximum period up to 120 months including moratorium period of
|Security||Loans upto Rs 10 lac: |
Hypothecation of assets created out of loan amount. No collateral security / third party guarantee and to be covered under CGS of CGTMSE.
Loans above Rs 10 lac:
Hypothecation of assets and LIC policy assigned in favour of the Bank or other collateral security, so as to ensure compliance with Loan Policy guidelines in respect of security coverage.
|Salient Features||To finance qualified medical practitioners to set up clinic, clinic cum residence, nursing home, hospital, X Ray or pathological labs, medical stores, purchase of vehicles / ambulance etc. OR for expansion / renovation / modernization of existing premises|
|* BPLR and BASE RATE - Available in Home Page|| |