| |
Particulars |
| Purpose |
For construction of Hospital/clinic, For purchase of Instrument/equipments, furniture and working capital requirement |
| Eligibility |
MBBS equivalent and above degree in allopathic, Ayurvedic, Homeopathic Minimum 3 years experience of Medical practice |
Loan / Limit
|
Term loan - Rs.10 Crore (maximum)
Secured cash credit - Rs.10 lacs (maximum) |
| Margin |
(i) For Term loan ag. Building 35%
(ii) For Term loan ag. Instruments, and Equipments & furniture 25%
(iii) For secured C/C. 40% |
| Repayment Period |
For Term loan up to 7 crore. Maximum 8 years (Including maximum 12 months of moratorium ).
For Term loan above 7 to 10 crore. Maximum 10 years (Including maximum 12 months of moratorium )
All facilities to be reviewed annually
|
| Rate of interest |
11.5% P.A at monthly rest (not eligible for credit rating rebate)
Subject to change at the discretion of Bank |
| Processing fee |
Click to view processing fees.
|
| Share linking |
1.Up to Rs.2.00 Crores 2.5% of the amount sanctioned
2.Above Rs.2.00 Crores 1% of the amount sanctioned |
| Guarantee |
Guarantor possessing own property and also Income tax-payer |
| Security |
Reg.eq.mortgage of Hospital/clinic - immovable property And hypothecation of instrument/equipment and furniture |
