DNSB Medical Practitioners

    
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LOAN TO MEDICAL PRACTITIONERS
 

Purpose – 1. Term loan: i) For Purchase of Equipment, Furniture and Business Premises ii) Renovation of Business Premises & Residential Premises

2. Cash Credit/Overdraft Limit: To meet the working capital need.

 
Eligibility - All the medical practitioners like MBBS, BAMS, BHMS, BDS, BVMS and post graduates in all the above streams (Allopath, Homeopath, Ayurveda, Dentistry, Ophthalmologist & Veterinary)
 
 
 

Type

Quantum of loan

Margin

Tenure

Clean Term Loan

Rs. 5.00 Lakhs (Max.)

Nil

60 months

Clean Cash Credit

Rs. 4.50 Lakhs (Max.)

Nil

12 months & limit to be renewed after every 12 months.

Secured Term Loan

Rs. 1000.00 Lakhs (Max.)

15% (loan upto Rs. 200.00 Lakhs)

Maximum 180 months for purchase/construction of hospital/clinic

And

Maximum 120 months for Term Loan against mortgage of immovable property

20% (loan above Rs. 200.00 Lakhs)

Secured Working Capital Limit

Rs. 50.00 Lakhs (Max.)

15%

12 months & limit to be renewed after every 12 months.
 

Rate of Interest –

1 Clean Cash Credit & Clean Term loan – 13.30%

2. For Secured Term loan & Overdraft – 10.85% (for doctors practicing 5 or more years

3. For Secured Term loan & Overdraft – 11.30% (for doctors practicing less than 5 years

Processing Charges - 0.25% of loan amount plus applicable taxes.

Prime Security –

1. Immovable Property in case of purchase/construction of hospital/clinic.

2. Machinery/Equipment in case of loan for purchase of machinery /equipment

Collateral Security –

1. For Clean Term Loan or Cash Credit – Explore security of 20% of the loan amount.

2. For Term Loan or Cash Credit against hypothecation – 40% of the loan amount.

3. Term Loan or Overdraft against Immovable property - Nil

 

Guarantor –

1. One guarantor to be obtained for all clean loans.

2. No outside guarantor required in case of secured loans

 
 
* T&C applicable APPLY Download PDF