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IB Doctor Plus

IB Doctor Plus

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Particulars Guidelines
Target Group Individuals / registered partnership firm / Limited Company / Trust etc. Micro, Small & Medium Enterprises (MSME) – Service Enterprises.

Key promoters or their spouse should be qualified medical practitioners, with satisfactory track record.

Passed out students from various streams (Medicine, Dental etc.) planning to set up their diagnostic centre / clinics in India.  To be eligible for this, the student must have completed the course in MBBS / BDS / BAMS / BUMS from recognised / approved college.
Purpose Working Capital requirements, For Purchase/ Construction of Hospital / To set up clinic, clinic cum residence, nursing home (Allopathi, Homeopathy, Ayurvedic etc.), Machinery / Equipments etc.

 

Second hand machinery should not be considered for financing.
Types of Facility Fund Based: Working Capital / Term Loan

Non-Fund Based: LC
Loan Amount Minimum Loan Amount: Rs.1.00 Lakh

Maximum: No Ceiling

For fresh passed out students – Maximum exposure is Rs.2.00 Crores

Margin (Promoter’s contribution) OCC – 20%

Term Loan- 25%
Security Primary Security : Hypothecation of assets created out of loan amount.

Loans upto Rs.10 lakhs Collateral Security :

  • Should be covered under CGTMSE. No Collateral Security / Third party guarantee to be obtained.
  • If Primary Security is held in the form of immovable properties with 100% coverage, CGTMSE cover need not be insisted.
  • If Primary security is held in the form of immovable properties with less than 100% coverage, CGTMSE with Hybrid security to be obtained.
  • Loans above Rs 10 lakhs to Upto Rs.2.00 Crores:
    • If Primary Security plus Collateral Security is held in the form of immovable properties with 100% coverage, CGTMSE cover need not be insisted.
    • If Primary security plus Collateral Security is held in the form of immovable properties with less than 100% coverage, CGTMSE with Hybrid security to be obtained.

     

    For Medium Enterprises, Security coverage should be at a minimum of 100% in the form of immovable properties (Primary + Collateral Security).
Repayment terms Maximum 120 months including moratorium of upto 12 months or stabilization of cash flows from the project whichever is earlier.
Processing & other charges Processing Charges:

Upto Rs 5 lac: Nil for first time borrowers

Above Rs 5 lac: 0.30% on loan amount.

 

All other charges are at Card Rate.

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( Last modified on Sep 03, 2022 at 07:09:38 PM )

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