| Bank Name | Maximum Loan Amount | Monthly EMI ( Principal amount only ) |
|---|
| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | Chances of Loan Approval | |
|---|---|---|---|---|---|---|
Bank of Baroda
|
8.50% | 1% | 1500 | 120 |
|
|
Bank of India
|
8.60% | 1% | 1500 | 120 |
|
|
Bank of Maharashtra
|
8.50% | 1% | 1000 | 120 |
|
|
Canara Bank
|
8.90% | 1% | 1500 | 120 |
|
|
Central Bank of India
|
8.85% | 1% | 1000 | 120 |
|
|
Indian Bank
|
8.35% | 1% | 1500 | 120 |
|
|
Indian Overseas Bank
|
8.50% | 1% | 1000 | 120 |
|
|
Karnataka Bank Ltd.
|
8.90% | 1% | 1500 | 120 |
|
|
Punjab & Sind Bank
|
8.80% | 1% | 1500 | 120 |
|
|
Punjab National Bank
|
8.50% | 1% | 1500 | 120 |
|
|
State Bank of India
|
8.50% | 1% | 1500 | 120 |
|
|
UCO Bank
|
8.60% | 1% | 1000 | 120 |
|
|
.png)
Union Bank of India
|
8.50% | 1% | 1500 | 120 |
|
|
United Bank of India
|
8.90% | 1% | 1000 | 120 |
|
|
This type of facility helps to enhance your medical business. Whether you require project finance, equipment finance, working capital limit, bank guarantee or buyer credit. Even it provides finance to infrastructure healthcare industry.
HealthCare Industry Eligibility CriteriaUsually, HealthCare Industry Eligibility Criteria depends on various factors like applicant age, business income, & residency. Etc.
Note: - You can avail up to 100 Cr as a maximum loan amount.
What are the factors generally affecting HealthCare Industry Eligibility Criteria?There are few factors that generally affects health Loan Eligibility Criteria as given below: -
Bad business plan: - Business plan somewhat covers your all business planning, implementation & execution where you required to mention revenue generation plan, if your plans is not up to the level then lender won’t approve your application.
650 below credit score: - one of the major point lenders consider while reviewing loan application is your credit score range, 300 – 700 range know to be bad credit score wherein 700 above knowns as good credit score. Due to 650 below score you might lower the chances of loan eligibility.
What are the ways to increase HealthCare Industry eligibility?To increase health Loan eligibility, you need to consider few points as given below, this will aid you in increasing your eligibility level.
Clear existing debt: - Due to your existing debt your debt-to-income ratio get affected & at the time of applying for new loan it lowers your eligibility. Therefore, try to clear existing debt as it will help you to enhance your eligibility.
Paying bills on time: - Your one time carelessness affect your future opportunity, make sure you pay for all bills, loan EMI on time to avoid lowering your eligibility.
PROJECTED FINANCIAL
PAN CARD COPY
AADHAR CARD + PASSPORT
ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
PROCESSING FEE CHEQUE IN FAVOUR OF BANK
PROJECTED FINANCIAL
PROJECT FEASIBILITY REPORT
COMPANY PROFILE & MANAGEMENT PROFILE
ISO CERTIFICATE & MSME CERTIFICATE
POLLUTION CERTIFICATE
CMA DATA
MACHINE QUOTATION
BUILDING CONSTRUCTION ESTIMATE
LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
PHOTOGRAPH BOTH
PAN CARD CLEAR COPY PROPRIETOR
ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
LAST 1 YEAR GST RETURN COPY
FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
PROVISIONAL FINANCIAL AY 2019-20
BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS WITH CHAIN SANCTION MAP
PROJECTED FINANCIAL
PROJECT FEASIBILITY REPORT
COMPANY PROFILE & MANAGEMENT PROFILE
ISO CERTIFICATE & MSME CERTIFICATE
POLLUTION CERTIFICATE
CMA DATA
MACHINE QUOTATION
BUILDING CONSTRUCTION ESTIMATE
PHOTOGRAPH PARTNERS
PAN CARD - COMPANY, ALL PARTNERS
ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)
FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL
PARTNERSHIP DEED COPY
GST CERTIFICATE
GST RETURN LAST 1 YEARS
3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED
PROVISIONAL FINANCIAL AY 2019-20
3 YEAR ALL PARTNER INDIVIDUALS ITR + COMPUTATION
FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
ALL PARTNER SAVING A/C STATEMENT 6 MONTH
IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH MAP
PROJECTED FINANCIAL
PROJECT FEASIBILITY REPORT
COMPANY PROFILE & MANAGEMENT PROFILE
ISO CERTIFICATE & MSME CERTIFICATE
POLLUTION CETIFICATE
CMA DATA
MACHINE QUOTATION
BUILDING ONSTRUCTION ESTIMATE
ALL DIRECTORS PHOTOGRAPH
CLEAR PAN CARD - COMPANY AND ALL DIRECTORS
ADDRESS PROOF – COMPANY AND DIRECTORS
LIST OF DIRECTOR& SHARE HOLDER WITH CA CERTIFIED AS ON DATE
MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
1 YEAR GST RETURNS
ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
PROJECTED FEASIBILITY REPORT
COMPANY PROFILE & MSME CERTIFICATE
POLLUTION CERTIFICATE
CMA DATA
MACHINE QUOTATION
BUILDING CONSTRUCATION ESTIMATE
Frequently asked questions (FAQ) pages are Q&A-style pages that most brands build to answer queries that slip through the cracks. FAQs are targeted to give a complete sense of query satisfaction to the client.
+
Medical Equipment Loan allows purchasing medical equipment's through finance at competitive Interest Rates.
+
+
If you are planning to get finance to expand your business scale, make sure you meet basic criteria as your age limit should be in-between 23 – 65 years, your business continuity should be above 3 years & finally your credit score range should be above 700.
+
Any individual with the qualification of BDS, MBBS & doctors specialization in Ayurvedic & Homeopathic can apply for Medical Loan.
+
+
Identity proof
Address proof
Bank statement
Income proof
Company documents
Profit & loss statement of last 2 years
Latest 1-year ITR filed
+
Medical Equipment Loan Interest Rate starts from 11.00% to 14.00% depending on applicant credit profile & earlier repayment history.
+
Processing fee is levied upon processing Medical Equipment Loan application starting.
+
Under Medical Equipment Loan borrower can get up to 2 Crore as a maximum loan amount.
CA Vikas Jain - Our Mentor
9863-02-02-02