In recognition of services provided by Doctors community to the society,Bank considers it necessary to extend credit facilities at reasonable Interest rates and on other easy terms.
Purpose :
Term Loan For construction of Hospital / Clinic
Term Loan For purchase of Instruments /Equipments
Term Loan For Furniture & Working Capital Requirement.
SCC For payment of Govt dues,bills payment & for salary payment etc.
Loan Amount :
Term Loan – Rs. 1500.00 Lakh (Maximum)
Secured Cash Credit for Working Capital – Rs. 25.00 Lakh (Maximum) or 5% of amount of term loan whichever is less.
Margin :
For Term Loan against purchase/construction of Building – 35%
For Term Loan against purchase of Instruments/Equipments & Furniture – 25%
For Secured Cash Credit – 40%
Tenure :
Max. 8 years for up to Rs.700.00 Lakhs (including maximum 12 months of moratorium)
Max. 10 years for above Rs. 700.00 Lakhs (including maximum 12 months of moratorium)
Share Linking :
1% of the loan amount sanctioned (Max. Rs. 2,00,000 i.e.8000/-Shares)
Guarantee :
Guarantor possessing the own property & also the Income Tax payer.
Primary Security : Charge on their current assets
Collateral Security :
Registered Equitable Mortgage of unencumbered & Title Clear Property or liquid security.
One Guarantor (having taxable income & immovable property)
