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Healthcare Industry starting @ 9.10% Onwards

• Collateral free loan is available
• Quick processing
• Minimal paperwork
Enquiry Form
Healthcare Industry
Bank Name Interest Rate Range (%) Processing Fee (%) Maximum Loan (Lacs) Maximum Tenure (Month)
Bank Name Min Interest Rate
₹ 10L
₹ 50L
₹ 1C
₹ 1.5C
₹ 2C
₹ 2.5C
₹ 3C
%
1%
5%
10%
15%
20%
25%
30%
1
10
20
30
40
50

Loan EMI

Total Interest

Total Payment

Eligibility Criteria

What you mean by HealthCare Industry Eligibility Criteria?

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 Criteria

Usually, HealthCare Industry Eligibility Criteria depends on various factors like applicant age, business income, & residency. Etc.

  • • Age Limit of applicant – 23 to 60 years of age
  • • Business must be involved in super either super specialty hospital, nursing home, diagnostic, pathology lap centre, endoscopy, IVF centre, speciality clinic, educational centre of medical, dental, paramedical & paramedical & another medical & dealer.
  • • Minimum 3 years of healthcare business continuity
  • • Good credit history of promoter’s
  • • Nationality - Resident of Indian

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.

Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
  1. PROJECTED FINANCIAL
  2. PAN Card Copy
  3. AADHAR CARD + PASSPORT
  4. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  5. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  6. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  7. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
  8. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  9. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  10. PROJECTED FINANCIAL
  11. PROJECT FEASIBILITY REPORT
  12. COMPANY PROFILE & MANAGEMENT PROFILE
  13. ISO CERTIFICATE & MSME CERTIFICATE
  14. POLLUTION CERTIFICATE
  15. CMA DATA
  16. MACHINE QUOTATION
  17. BUILDING CONSTRUCTION ESTIMATE
  18. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  1. PHOTOGRAPH BOTH
  2. PAN CARD CLEAR COPY PROPRIETOR.
  3. ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR.
  4. OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
  5. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  6. LAST 1 YEAR GST RETURN COPY
  7. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  8. PROVISIONAL FINANCIAL AY 2019-20
  9. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED.
  10. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  11. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  12. AGREEMENT TO SELL COPY
  13. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  14. PROJECTED FINANCIAL
  15. PROJECT FEASIBILITY REPORT
  16. COMPANY PROFILE & MANAGEMENT PROFILE
  17. ISO CERTIFICATE & MSME CERTIFICATE
  18. POLLUTION CERTIFICATE
  19. CMA DATA
  20. MACHINE QUOTATION
  21. BUILDING CONSTRUCTION ESTIMATE
  1. PHOTOGRAPH PARTNERS
  2. PAN CARD - COMPANY, ALL PARTNERS
  3. ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
  4. FIRM ADD PROOF- LATEST ANY UTILITY BILL.
  5. PARTNERSHIP DEED COPY
  6. GST CERTIFICATE
  7. GST Return last 1 years
  8. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED.
  9. PROVISIONAL FINANCIAL AY 2019-20
  10. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  11. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  12. ALL PARTNER SAVING A/C STATEMENT 6 MONTH.
  13. . IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED.
  14. Agreement To Sell copy
  15. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  16. PROJECTED FINANCIAL
  17. PROJECT FEASIBILITY REPORT
  18. COMPANY PROFILE & MANAGEMENT PROFILE
  19. ISO CERTIFICATE & MSME CERTIFICATE
  20. POLLUTION CETIFICATE
  21. CMA DATA
  22. MACHINE QUOTATION
  23. BUILDING ONSTRUCTION ESTIMATE
  1. ALL DIRECTORS PHOTOGRAPH
  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
  3. ADDRESS PROOF – COMPANY AND DIRECTORS.
  4. LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  5. MEMORANDOM
  6. ORDER IN HAND AND COMPLETE COPY (if applicable)
  7. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
  8. 1 YEAR GST RETURNS
  9. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
  10. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
  11. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  12. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
  13. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
  14. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  15. AGREEMENT TO SELL COPY
  16. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
  17. PROJECTED FEASIBILITY REPORT
  18. COMPANY PROFILE & MSME CERTIFICATE
  19. POLLUTION CERTIFICATE
  20. CMA DATA
  21. MACHINE QUOTATION
  22. BUILDING CONSTRUCATION ESTIMATE
Frequently Asked Questions

What is a medical equipment loan?

Medical equipment loan allows purchasing medical equipment's through finance at competitive interest rates.

What is the benefits of medical equipment loan?

  • Quick & simplified processing
  • Minimal documentation makes the loan process easier
  • Hassle free processing
  • Flexible tenure facility

Who are eligible for medical equipment loan?

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.

Who is eligible for a medical equipment loan?

Any individual with the qualification of BDS, MBBS & doctors specialization in Ayurvedic & Homeopathic can apply for medical loan.

How to apply for medical equipment loan?

  • Choose your banking partner 
  • Contact through their official website or visiting a bank 
  • Request for a loan application 
  • Fill it with correct value & attach required documents 
  • Finally submit it 
  • Shortly representative will review your loan application once things look good, they will further co-ordination with you.

What are the documents required for medical equipment loan?

  • Identity proof

  • Address proof

  • Bank statement

  • Income proof

  • Company documents

  • Profit & loss statement of last 2 years

  • Latest 1-year ITR filed

What is the current interest rate for medical equipment loan?

Medical equipment loan interest rate starts from 11.00% to 14.00% depending on applicant credit profile & earlier repayment history.

How much processing fee is charged for medical equipment loan?

Processing fee is levied upon processing medical equipment loan application starting.

How much minimum & maximum loan amount can I get through medical equipment loan?

Under medical equipment loan borrower can get up to 2 Crore as a maximum loan amount.

Related Topics

  • HEALTHCARE INDUSTRY LOAN BY BANKS

  • HEALTHCARE INDUSTRY BLOGS

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