Term Loans/ WCDL/ OD Reducing balance/: 1.00% of the
Quick & hassle free processing
Competitive interest rate with longer loan tenure
Loan can be availed upto ₹10.00 crore depending upon the eligibility and need of the customer
Features and Benefits
Pharmaceutical and Health Care business such as Wholesale / Retail Dealers and Distributors engaged in the business of pharmaceutical products/Medical Shops to meet the working capital & capital expenditure requirements.
Loans can be availed for business needs such as Purchase of vehicles for Hospital (ambulance etc.), Expansion / modernization of existing hospital premises, etc.
Loan can be availed upto ₹10.00 crore depending upon the eligibility and need of the customer.
Eligibility and Terms
Individual, Joint, Proprietary Concern, Partnership firms, Limited Liability Partnership firms, Limited Company and Trust
The applicant should be a member of “Members of Chemists and Druggists Association”
Individual / Proprietor – Qualified Registered Medical Practitioner (Professionals such as Doctors, physiotherapists, MD / DM / MS / MCH / MBBS / MDS / BDS Including Radiologists and Pathologists)
Either one of the partners/directors/trustees should be a qualified Registered Medical Practitioner or they should engage the services of a Registered Medical Practitioner in the hospital
Working Capital – Stock 25%, Book debts 30%.
Term Loan –
For purchase of new/second hand imported reconditioned equipments, racks, new Vehicles etc – 25%.
For purchase of indigenous second-hand equipments – 50%.
For Second hand vehicles – 50%
For building construction – 25% For other interior works – 40%
For purchase of old building – 50%.
Cash Credit / Overdraft – One year, subject to renewal every year well before the due date.
Overdraft (Reducing balance method) – For fresh loans not exceeding 84 months, subject to review every year.
Demand / Term Loan (Business / capex purpose) – subject to review every year.