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MSME > Finance to Medical Practitioners

Finance to Medical Practitioners or Doctors- IDBI Bank Finance to Medical Practitioners


IDBI Bank offers specially designed loan facility for the doctors for day-to-day business requirement in running a clinic or a hospital. It also takes care of purchase of Medical equipments and setting up or up-gradation/expansion or a new/existing clinic or capacity expansion plans.

The details of IDBI Bank Finance to Medical Practitioners are mentioned as follows:

Sr. No

Field

Content

1

Eligible Segments 

All medical practitioners/ doctors
 Minimum Qualification: MBBS/ BAMS/ BDS/ BHMS.

2

Facility

Term loan & Overdraft/ Cash Credit

3

Purpose

Bullet OD/CC: To meet Working Capital requirements
Bullet Term Loan: For Purchase of specialized medical equipment, setting up of new clinic/hospital, Expansion of infrastructure in existing clinic/hospital, etc.

4

Loan Amount

Bullet   Minimum: Rs. 50, 000/-
Bullet   Maximum: Rs. 2 crores

5

Tenor

Term Loan: Up to 7 years

6

Pricing

 Linked to Bank’s Base Rate and Rating.

7

Security 

Bullet   Term Loan: Exclusive Charge on assets financed.
Bullet   Working Capital: Exclusive charge on all the current assets.
Bullet   Collateral:  Mortgage of residential/commercial properties of appropriate value.

8

Guarantee

Personal guarantee of the promoter directors (in case of limited companies)

9

Margin 

Upto 25%.

10

Processing Charges 

Upto 1%.


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