Sr. No |
Field |
Content |
1 |
Eligible Segments |
· All medical practitioners/ doctors/ clinics·
· Minimum Qualification: MBBS/ BAMS/ BDS/ BHMS / GAMS. |
2 |
Facility |
Term loan & Overdraft/ Cash Credit |
3 |
Purpose |
• OD/CC: To meet Working Capital requirements
• Term Loan: For Purchase of specialized medical equipment, Expansion of infrastructure in existing clinic/ hospital, Expansion of infrastructure in existing clinic/ hospital, etc. |
4 |
Loan Amount |
· Minimum:  50, 000/-
· Maximum: 2 crores |
5 |
Tenor |
Term Loan: Up to 7 years |
6 |
Pricing |
Linked to Bank’s Base Rate. |
7 |
Security |
· Term Loan: Exclusive Charge on assets financed.
· Working Capital: Exclusive charge on all the current assets.
· Collateral: Up to 50% of the loan amount. |
8 |
Guarantee |
Personal guarantee of the promoter directors (in case of limited companies) |
9 |
Margin |
As per nature of the loan. |
10 |
Processing Charges |
As per extant guidelines. |
