Doctor Plus

  • Eligibility
    • Individuals / Partnership / Ltd. Co. / Trust.
    • Promoters should have minimum Degree of MBBS / BAMS / GAMS / BDS/ BHMS.(They should be registered practitioners).
    • Key promoter should be a qualified doctor
  • Purpose
      To finance qualified medical practitioners for:
    • Buying equipments
    • Setting up clinic, clinic-cum-residence, X-ray lab, nursing homes, pathological clinics, Poly clinics, etc.
    • Medical Stores.
    • Purchase of vehicles, ambulance, computers, etc.
    • Expansion / renovation / modernisation of existing premises.
    • Any other activities related to medical profession.
    • Clean Overdraft with Third Party Guarantee.
  • Quantum of finance
    • Maximum Rs. 25.00 Lakh (sub ceiling for working capital Rs. 3.00 Lakh)
  • Margin
    • Loan Amount Up to Rs. 25,000/– Nil
    • Loan Amount above Rs. 25,000/- and up to Rs. 5.00 lakh – 10.00%
    • Loan Amount above Rs. 5.00 Lakh – 15.00%
  • Security
      Primary Security :
    • Hypothetical/mortgage of Assets financed by the Bank.
    Collateral Security :
    • No need for Tangible Collateral Security for loan amount upto Rs. 15 Lakh for Allopathic professionals and upto Rs. 10 Lakh for other professionals (Homeopathic, Ayurvedic, Unani etc). Instead, Personal Guarantee/ Third party guarantees with total net worth of guarantors at least twice the loan amount.
    Above Rs. 10/15 lakhs:
    • Tangible Collateral Security of atleast 25% and Personal guarantees of promoters or suitable Third Party Guarantee.
    For Clean OD:
    • Suitable Third Party Guarantee worth double the limit sanctioned.
  • Repayment Period
    • Maximum period 3 years to 10 years for Term Loan and year for O. D. renewable yearly.
  • Moratorium
    • Maximum Moratorium 12 month for construction purpose and up to 6 month in other cases.
  • Rate of Interest
  • Processing Charge/Upfront Fee
  • Disclaimer:"Kindly contact the nearest branch for more details".